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.

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.

Business

Meta, Amazon add $336 billion in market value on earnings

Meta Platforms Inc. and Amazon.com Inc. shares soared Friday after delivering quarterly earnings and outlooks that far exceeded Wall Street's expectations, validating the belt-tightening strategies that defined the tech industry's ...

Business

Delta reports profit jump but lowers earnings forecast

Delta Air Lines saw its profits more than double in the fourth quarter last year, helped by strong travel demand, even as it trimmed its earnings expectations for 2024, the US carrier said Friday.

Business

Gaming giant Tencent's 2022 annual net profit falls 16%

Chinese gaming giant Tencent's profits fell steeply last year, according to an earnings report released Wednesday, as the country's tech sector weathers a government crackdown and a shaky economy.

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.

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