By Rajesh Kumar Singh and David Shepardson CHICAGO/WASHINGTON (Reuters) -Delta Air Lines said on Thursday it is pursuing legal claims against CrowdStrike and Microsoft after a global outage last month caused mass flight cancellations, disrupting travel plans of 1.3 million customers and costing it at least $500 million. A software update last month by global…
By Pete Schroeder WASHINGTON (Reuters) -The U.S. Federal Reserve announced on Thursday it had imposed an enforcement action against Customers Bancorp for “significant deficiencies” around the bank’s risk-management and anti money-laundering practices. The bank’s stock fell by more than 20% after the Fed announced the action, but pared losses to close 13.3% lower at $47.01…
By Granth Vanaik (Reuters) – Shares of Instacart rose more than 10% in premarket trading on Wednesday as strong demand for grocery delivery and promising signs of growth in its advertising business helped the company forecast an upbeat current quarter. The San Francisco-based company has seen its stock claw back its value, after falling over…
By Anirban Sen (Reuters) – Walt Disney said on Wednesday it may have to pay up to $5 billion more to buy Comcast’s minority stake in Hulu, if an appraiser were to agree with Comcast’s assessment that the stake should be valued at more than $40 billion. Earlier this year, Disney and Comcast hired investment…
NEW YORK (Reuters) – Shares of Lumen Technologies surged 30% on Wednesday, extending gains from the previous session, after the telecommunications company boosted its annual free-cash-flow forecast due to demand related to artificial intelligence. Lumen shares were trading at $6.54 per share after hitting an intra-day high of $7.83, which is the highest since October…
By Jeff Mason and Joseph Ax EAU CLAIRE, Wisconsin (Reuters) -Democratic presidential candidate Kamala Harris and her new running mate, Minnesota Governor Tim Walz, put his Midwestern credentials to the test on Wednesday with a rally in the battleground state of Wisconsin, telling a boisterous crowd of thousands that Republican rival Donald Trump would threaten…
