SAO PAULO (Reuters) -Amazon’s cloud computing arm, Amazon Web Services (AWS), will invest 10.1 billion reais ($1.8 billion) in Brazil through 2034 to expand its data center operations in the country, it said on Wednesday. The resources will be used to “expand, build, connect, operate and maintain data centers in Brazil,” the firm said in…
By Jody Godoy ALEXANDRIA, Virginia (Reuters) – A Google executive told colleagues the goal for the company’s then-nascent online advertising business in 2009 was to “crush” rival advertising networks, according to evidence prosecutors presented at the tech titan’s antitrust trial on Wednesday. The statements underscored the U.S. Department of Justice’s claim that Google has sought…
By Ananya Mariam Rajesh (Reuters) – CoverGirl parent Coty missed fourth-quarter revenue expectations on Tuesday, impacted by its divestiture of Lacoste fragrance license and controlled orders from cautious retailers, which weighed on growth in prestige and mass-market perfumes. Its decision to sell the Lacoste license back to Lacoste resulted in a 2% impact on net…
By Allison Lampert and David Shepardson WASHINGTON (Reuters) -Boeing’s new CEO Kelly Ortberg said on Thursday he would be based in the planemaker’s birthplace Seattle, moving closer to the factory floor to rein in a safety crisis. Ortberg’s confirmation of earlier reports that he would move to Puget Sound, Washington, rather than Boeing’s corporate headquarters…
(Reuters) – Online travel agency Expedia beat analysts’ expectations on Thursday for second-quarter profit, helped by sustained demand for international travel, sending its shares up 7% after the bell. “The travel environment was healthy in the second quarter and like the last few quarters, we saw strong ongoing demand internationally relative to the US,” CEO…
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 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…
(Reuters) – U.S. sports-betting service BetMGM said on Monday it expects revenue to grow in the second half of the year and into 2025, banking on demand from punters looking to cash in on the National Football League (NFL) season. “We have exceeded our goals for both acquisition and retention, which should lead to higher…
