Business

Amazon Q1 revenue, profit grow but cloud unit a concern

Amazon on Thursday reported stronger-than-expected revenue and profits for the first quarter, sending its stocks higher in after-hours trading. But its prices took a dip in the evening amid concerns about a continued slowdown ...

Business

Chipmaker Intel Corp. blames internal error on data leak

The computer chipmaker Intel Corp. on Friday blamed an internal error for a data leak that prompted it to release a quarterly earnings report early. It said its corporate network was not compromised.

Automotive

GM lifts forecast as chip shortage eases, stock hits record

Shares of General Motors Co. closed at a record high Thursday after the company said its efforts to manage the global computer chip shortage have worked better than expected, so it's financial results will improve.

Business

Nokia profit up despite pandemic as new CEO takes over

Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in revenue.

Business

IBM to cut 3,900 jobs as it reorganizes business

IBM will slash some 3,900 jobs, slightly more than one percent of its workforce, related to businesses it has divested, a source close to the matter told AFP on Wednesday.

Business

Oracle shares slump on earnings hit by pandemic

Oracle shares fell Tuesday after the business software company reported its earnings took a hit from the pandemic's toll on hotels, shops and other enterprises that rely on its cloud computing offerings.

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