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Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Cisco Systems Aug 14 (Reuters) - U.S. and Canadi an companies have continued to cut jobs in 2024 after letting go thousands last year, a s they remain uncertain about t he econom i c conditions . Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Cisco Systems CSCO.O will lay off 7% of its global workforce , as part of a restructuring plan, the networking giant said, about six months after announcin
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Activist Starboard Value takes stake in Starbucks, WSJ reports

UPDATE 2-Activist Starboard Value takes stake in Starbucks, WSJ reports Adds details about engagement in paragraph 4, additional information in paragraphs 5 and 8 Aug 9 (Reuters) - Activist investor Starboard Value has a stake in Starbucks SBUX.O the Wall Street Journal reported on Friday, adding that it wants the coffee giant to take steps to improve its stock price.
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Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Paramount Global Aug 9 (Reuters) - Companies in the United States and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime uni
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Philippine Nobel laureate Ressa's Rappler website wins appeal to overturn shutdown order

UPDATE 2-Philippine Nobel laureate Ressa's Rappler website wins appeal to overturn shutdown order Corporate regulator overstepped authority, says court Nobel laureate welcomes decision, calls it "vindication" Ressa still faces at least two remaining cases recasts, adds Ressa's comments in paragraphs 6-7 By Mikhail Flores and Neil Jerome Morales MANILA, Aug 9 (Reuters) - P hilippine Nobel laureate Maria Ressa's news website Rappler won an appeal to restore its corporate licence after a court over
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Akamai forecasts quarterly revenue above estimates on cybersecurity demand

Akamai forecasts quarterly revenue above estimates on cybersecurity demand Aug 8 (Reuters) - Akamai Technologies AKAM.O forecast third-quarter revenue and profit above estimates on Thursday, betting on strong demand for its cybersecurity services as businesses spend heavily on safeguarding their systems against rising threats from hackers. Shares of the Cambridge, Massachusetts-based company rose 4% in extended trading.
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U.S. Booking Holdings, Doordash, Vertex Pharmaceuticals

U.S. RESEARCH ROUNDUP- Booking Holdings, Doordash, Vertex Pharmaceuticals Aug 5 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Booking Holdings, Doordash and Vertex Pharmaceuticals, on Monday. HIGHLIGHTS * Academy Sports and Outdoors Inc ASO.O : JP Morgan cuts to neutral from overweight * Booking Holdings Inc BKNG.O : Jefferies cuts target price to $4350 from $4650 * Doordash DASH.O : D.A.
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Layoffs pile up in US, Canada as companies uncertain of economy

FACTBOX-Layoffs pile up in US, Canada as companies uncertain of economy Adds Intel layoffs Aug 2 (Reuters) - Companies in the United States and Canada have continued their job cuts in 2024 after letting go thousands last year, as the outlook on interest rate cuts by the Federal Reserve remains uncertain even as recession fears recede rapidly. Here is a snapshot of job cuts announced so far this year: TECHNOLOGY * Amazon's AMZN.O job cuts include less than 5% of employees at Buy with Prime unit ,
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U.S. CH Robinson Worldwide, Dayforce, Entegris

U.S. RESEARCH ROUNDUP-CH Robinson Worldwide, Dayforce, Entegris Aug 1 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including CH Robinson Worldwide, Dayforce and Entegris, on Thursday. HIGHLIGHTS * CH Robinson Worldwide Inc CHRW.O : JP Morgan raises to overweight from neutral * Dayforce Inc DAY.N : Piper Sandler raises to overweight from neutral * Entegris Inc ENTG.O : Seaport Research Partners raises to buy from neutral * M
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eBay Inc reports results for the quarter ended in June - Earnings Summary

eBay Inc reports results for the quarter ended in June - Earnings Summary eBay Inc EBAY.OQ reported quarterly adjusted earnings of $1.18​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of $1.03. The mean expectation of twenty five analysts for the quarter was for earnings of $1.13 per share.
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Ebay Inc. Reports Second Quarter 2024 Results

BRIEF-Ebay Inc. Reports Second Quarter 2024 Results July 31 (Reuters) - eBay Inc EBAY.O : EBAY INC. REPORTS SECOND QUARTER 2024 RESULTS DECLARED A CASH DIVIDEND OF $0.27 PER SHARE OF COMPANY'S COMMON STOCK Source text for Eikon: ID:nPn7R9NRa Further company coverage: EBAY.O
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EBay beats quarterly results estimates on steady demand for refurbished goods

UPDATE 3-EBay beats quarterly results estimates on steady demand for refurbished goods Rewrites throughout, adds detail in paragraph 10 July 31 (Reuters) - EBay EBAY.O exceeded Wall Street expectations for second-quarter revenue and profit, buoyed by robust demand for pre-owned goods, cost-effective automotive parts and accessories. The e-commerce giant's third-quarter revenue forecast, however, fell short of analysts' estimates, signaling effects of a tough economy.
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EBay forecasts quarterly revenue below estimates

EBay forecasts quarterly revenue below estimates July 31 (Reuters) - EBay EBAY.O forecast third-quarter revenue below Wall Street estimates on Wednesday, a sign that demand is slowing down for collectible items, luxury handbags and watches. The e-commerce platform expects revenue for the quarter between $2.5 billion and $2.56 billion , compared to analysts' estimate of $2.54 billion .
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BOJ hikes with Fed ahead, Big Tech flubs

MORNING BID AMERICAS-BOJ hikes with Fed ahead, Big Tech flubs A look at the day ahead in U.S. and global markets from Mike Dolan By any standards of an already busy year, markets are digesting an awful lot of information in a very short space of time - with a Bank of Japan interest rate rise and Microsoft earnings disappointment the latest servings on the final day of July.
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What to Watch in the Day Ahead - Wednesday, July 31

What to Watch in the Day Ahead - Wednesday, July 31 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT The Federal Reserve is expected to keep interest rates steady while announcing its policy decision, but may open the door to interest rate cuts as soon as September by acknowledging inflation has
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eBay Inc <EBAY.OQ> expected to post earnings of $1.13 a share - Earnings Preview

eBay Inc expected to post earnings of $1.13 a share - Earnings Preview eBay Inc EBAY.OQ EBAY.O is expected to show a fall in quarterly revenue when it reports results on July 31 for the period ending June 30 2024 The San Jose California-based company is expected to report a 0.5% decrease in revenue to $2.529 billion from $2.54 billion a year ago, according to the mean estimate from 23 analysts, based on LSEG data.The company's guidance on May 1 2024, for the period ended June 30, was for revenue
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What to Watch in the Week Ahead and on Monday, July 29

What to Watch in the Week Ahead and on Monday, July 29 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT ON MONDAY McDonald's is expected to post a smaller growth in second-quarter revenue as customers cut back on dining out amid persistent inflation.
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Woes at Qoo10's South Korean e-commerce units intensify as companies cut ties

Woes at Qoo10's South Korean e-commerce units intensify as companies cut ties By Joyce Lee SEOUL, July 26 (Reuters) - Two South Korean e-commerce platforms owned by Singapore-based Qoo10 slipped deeper into crisis on Friday after failing to make payments to vendors, with companies cutting ties and irate customers thronging their offices demanding refunds.
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What are Harris' business views? Friendly to Big Tech, aggressive in climate fight

EXPLAINER-What are Harris' business views? Friendly to Big Tech, aggressive in climate fight Updates section on Wall Street supporters with information from source WASHINGTON, July 22 (Reuters) - U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key business topics.
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What are Harris' business views? Friendly to Big Tech, aggressive in climate fight

EXPLAINER-What are Harris' business views? Friendly to Big Tech, aggressive in climate fight Updates section on Wall Street supporters with information from source WASHINGTON, July 22 (Reuters) - U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key business topics.
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What are Harris' business views? Friendly to Big Tech, aggressive in climate fight

EXPLAINER-What are Harris' business views? Friendly to Big Tech, aggressive in climate fight Adds sections on Wall Street, Pharma, additions to Climate and Energy WASHINGTON, July 22 (Reuters) - U.S. Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election. Here are her views and actions related to some key business topics.
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