May 28, 2020

Cisco to acquire software firm ThousandEyes

Cisco Systems Inc has agreed to acquire privately held software maker ThousandEyes Inc, the network gear maker said on Thursday. Powered by WPeMatico
May 28, 2020

Costco beats revenue estimates as consumer stockpile essentials

Warehouse club operator Costco Wholesale Corp beat quarterly revenue estimates on Thursday, as people stocked up on essentials before hunkering down in their homes to contain […]
May 28, 2020

Dell beats revenue estimates as remote working lifts workstation demand

Dell Technologies Inc beat analysts’ estimates for quarterly revenue on Thursday, boosted by demand for its workstations from companies moving more employees to work from home […]
May 28, 2020

Italy’s credit agency SACE approves state guarantees for FCA $7 billion bank loan: source

The board of Italy’s export credit agency SACE has approved state guarantees covering 80% of a 6.3 billion euro ($7 billion) bank loan for Fiat Chrysler […]
May 28, 2020

Canada’s Huawei extradition ruling could unleash more Chinese backlash

A Canadian court ruling that could permit the extradition of a senior Huawei Technologies Co Ltd [HWT.UL] executive to the United States leaves Canada vulnerable to […]
May 28, 2020

LATAM’s bankruptcy filing to delay its Brazil bailout to at least July: sources

LATAM Airlines Group’s U.S. bankruptcy filing this week will delay its potential bailout in Brazil to at least July and also push back aid to its […]
May 28, 2020

Wall Street ends down in late selloff; Facebook and China weigh

Wall Street ended lower on Thursday following a late-session reversal, with Facebook weighing on the market after President Donald Trump said he would sign an executive […]
May 28, 2020

Nordstrom sales plunge nearly 40% on pandemic-led store closures

Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the COVID-19 pandemic forced it to […]
May 28, 2020

Trump considering legislation that may scrap law that protects social media companies

President Donald Trump said he will introduce legislation that may scrap or weaken a law that has long protected internet companies, including Twitter and Facebook, an […]
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