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Microsoft CEO Satya Nadella to visit India in December, sources say
Reuters· 2025-10-29 12:38
Core Insights - Microsoft CEO Satya Nadella is scheduled to visit India in December, marking his second trip to the country this year [1] - The visit will include meetings with high-ranking government officials, indicating a focus on strengthening ties with the Indian government [1] Company Activities - Nadella's upcoming visit highlights Microsoft's ongoing commitment to the Indian market and its strategic importance [1] - The meetings with government officials may lead to potential collaborations or initiatives that could benefit Microsoft's operations in India [1]
Sinopec's Jan-Sept profit down a third on lower oil, weaker fuel sales
Reuters· 2025-10-29 12:26
China's Sinopec reported on Wednesday a 32% year-on-year decline in net income for the first three quarters due to lower oil prices and weaker fuel sales. ...
Verisk cuts 2025 revenue forecast below Wall Street estimates
Reuters· 2025-10-29 12:25
Data analytics firm Verisk Analytics cut its annual revenue forecast below Wall Street estimates on Wednesday, sending shares down 8.7% in premarket trading. ...
Amazon launches AI infrastructure project, to power Anthropic's Claude model
Reuters· 2025-10-29 12:18
Core Insights - Amazon.com has launched its compute cluster project named Rainier, which aims to enhance its cloud computing capabilities [1] - The project will support artificial intelligence firm Anthropic, which plans to utilize over a million chips from this infrastructure [1] Company Developments - The Rainier project signifies Amazon's commitment to expanding its cloud services, particularly in the AI sector [1] - Anthropic's partnership indicates a growing demand for advanced computing resources in the AI industry [1]
Cognizant raises annual adjusted profit forecast on strong client spending
Reuters· 2025-10-29 12:06
Core Viewpoint - Cognizant Technology has raised its full-year 2025 adjusted profit forecast, driven by an expected increase in spending from enterprise clients on digital infrastructure upgrades with artificial intelligence [1] Group 1 - Cognizant anticipates a surge in enterprise client spending [1] - The company is focusing on upgrading digital infrastructure [1] - The adjustment in profit forecast reflects positive market trends [1]
South Korea gives details of trade deal struck with the U.S.
Reuters· 2025-10-29 12:01
Following are some of the details released by South Korea's chief policy advisor Kim Yong-beom, shortly after U.S. President Donald Trump said the two nations had reached a trade deal. Washington has ... ...
Merck, Eisai discontinue late-stage study for liver cancer therapy
Reuters· 2025-10-29 11:59
Merck and Japan's Eisai said on Wednesday they will shut down a late-stage study testing an experimental combination therapy to treat a type of liver cancer, after interim results showed the treatment... ...
GE HealthCare boosts 2025 profit view after strong US demand helps third quarter
Reuters· 2025-10-29 11:38
GE HealthCare Technologies raised its annual adjusted profit forecast and beat estimates for third-quarter results on Wednesday, powered by strong demand for its medical devices in the United States a... ...
Boeing takes near $5 billion hit on 777X program
Reuters· 2025-10-29 11:38
Boeing reported a charge of nearly $5 billion related to delays in its 777X jet program on Wednesday. ...
Generac cuts full-year sales forecast on weak residential demand for generators
Reuters· 2025-10-29 11:29
Core Viewpoint - Power equipment maker Generac has lowered its full-year net sales growth forecast due to weaker demand for home standby and portable generators, attributed to a decline in power outages, resulting in a 9% drop in shares [1] Company Summary - Generac has revised its net sales growth forecast downward, indicating challenges in the market for home standby and portable generators [1] - The decline in power outages has significantly impacted demand for Generac's products, leading to the forecast adjustment [1] Industry Summary - The overall market for power equipment, particularly in the home standby and portable generator segment, is experiencing reduced demand due to fewer power outages [1]