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United Kingdom

Munsif Vengattil

Pinterest projects 60% sales growth in fourth-quarter as ad sales rebound

28 Oct 2020

Image-sharing company Pinterest Inc projected a 60% sales growth for the current quarter, off the back of a healthy rebound in ad spending by businesses after the early months of COVID-19 pandemic wreaked havoc in the industry.

Xilinx forecasts current-quarter revenue largely above estimates

22 Oct 2020

Xilinx Inc forecast current-quarter revenue largely above Wall Street estimates on Wednesday, bolstered by rising sales of its chips to data centers, sending its shares up nearly 2% in extended trading.

GTT to sell infrastructure unit to I Squared for $2.15 billion

16 Oct 2020

Telecommunications provider GTT Communications said on Friday it would sell its infrastructure unit to I Squared Capital in a $2.15 billion deal that would boost the private equity firm's plan to create a global fiber-optic network.

IBM to break up 109-year old company to focus on cloud growth

08 Oct 2020

International Business Machines Corp is splitting itself into two public companies, capping a years-long effort by the world's first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing. | Video

Tesla has a shot at producing 500,000 cars this year, Musk says in memo

07 Oct 2020

Tesla Inc has a chance at producing 500,000 cars this year, Chief Executive Officer Elon Musk told employees, according to an internal email seen by Reuters.

Alphabet settles shareholder suit over sexual misconduct cases

25 Sep 2020

Alphabet Inc on Friday settled a shareholder lawsuit that accused the Google parent of covering up lavish exit packages to executives found responsible for sexual misconduct, saying it would overhaul workplace policies and increase oversight of its diversity efforts.

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