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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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Starboard Value LP Raises Share Stake In Salesforce; Cuts In Humana

BRIEF-Starboard Value LP Raises Share Stake In Salesforce; Cuts In Humana Aug 14 (Reuters) - Starboard Value LP: STARBOARD VALUE LP RAISES SHARE STAKE IN SALESFORCE INC BY 39.2% TO 1.7 MILLION SHARES STARBOARD VALUE LP RAISES SHARE STAKE IN FORTREA HLDGS INC BY 50.9% TO 8 MILLION SHARE STARBOARD VALUE LP CUTS SHARE STAKE IN GODADDY INC BY 28.2% TO
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Valueact Holdings Dissolves Share Stake In Illumina; Cuts Share Stake In KKR & CO

BRIEF-Valueact Holdings Dissolves Share Stake In Illumina; Cuts Share Stake In KKR & CO Aug 14 (Reuters) - Valueact Holdings LP: VALUEACT HOLDINGS DISSOLVES SHARE STAKE IN ILLUMINA INC VALUEACT HOLDINGS, L.P. CUTS SHARE STAKE IN KKR & CO INC BY 36.6% TO 1.2 MILLION SHARES VALUEACT HOLDINGS, L.P. RAISES SHARE STAKE IN SALESFORCE INC BY 12.3% TO 3.9 MILLION SHARES VALUEACT HOLDINGS CUTS SHARE STAKE IN FISERV INC BY 69.8% TO 1.1 MILLION SHARES VALUEACT HOLDINGS, L.P.
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Elliott seeks to install Cohn on Starbucks board, sources say

UPDATE 3-Elliott seeks to install Cohn on Starbucks board, sources say Changes sourcing and adds details throughout Aug 12 (Reuters) - A ctivist investor Elliott Investment Management is seeking to add Jesse Cohn, an equity and managing partner in the firm, to the Starbucks board, sources said. The coffee house chain and the hedge fund have held talks over the last weeks, but the current status of settlement discussions could not be learned.
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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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OpenAI is a bigger threat to Google than US regulators

ANALYSIS-OpenAI is a bigger threat to Google than US regulators By Aditya Soni and Kenrick Cai Aug 8 (Reuters) - Google is facing a bigger threat from Sam Altman's OpenAI even as it awaits a decision on how antitrust regulators in Washington plan to level the playing field in the internet search business. A US ruling on Monday, which found that Google built an illegal search monopoly , is being considered a big win for regulators.
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Genpact Announces Integration With Salesforce Data Cloud To Drive Powered Solutions Across Enterprises

BRIEF-Genpact Announces Integration With Salesforce Data Cloud To Drive AI-Powered Solutions Across Enterprises Aug 7 (Reuters) - Salesforce Inc CRM.N : GENPACT ANNOUNCES INTEGRATION WITH SALESFORCE DATA CLOUD TO DRIVE AI-POWERED SOLUTIONS ACROSS ENTERPRISES Source text for Eikon: ID:nPn2r0qksa Further company coverage: CRM.N
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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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Freshworks forecasts third-quarter revenue above estimates as AI drives strong demand

UPDATE 1-Freshworks forecasts third-quarter revenue above estimates as AI drives strong demand Adds stock movement in paragraph 1 By Jaspreet Singh July 30 (Reuters) - Software firm Freshworks FRSH.O forecast third-quarter revenue above Wall Street estimates on Tuesday, expecting a surge in demand for its AI -powered services, sending its shares up 12.6% in extended trading.
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Freshworks forecasts third-quarter revenue above estimates as AI drives strong demand

Freshworks forecasts third-quarter revenue above estimates as AI drives strong demand By Jaspreet Singh July 30 (Reuters) - Software firm Freshworks FRSH.O forecast third-quarter revenue above Wall Street estimates on Tuesday, expecting a surge in demand for its AI -powered services as customers ramp up digitization. Enterprise clients turn to Freshworks for its integrated platform that helps them manage customer interactions, sales and support, thereby reducing dependency on multiple products.
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Corporate climate watchdog keeps lid on buying carbon offsets to meet climate targets

UPDATE 1-Corporate climate watchdog keeps lid on buying carbon offsets to meet climate targets Science-Based Targets initiative lays out options for credits Cautious stance backs critics concerned about abuse Proposes ideas to help companies manage Scope 3 emissions Adds comments from BeZero By Simon Jessop LONDON, July 30 (Reuters) - The Science-Based Targets initiative (SBTi) said in a research paper on Tuesday there was not enough scientific support for the influential corporate climate watch
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Corporate climate watchdog keeps lid on buying carbon offsets to meet climate targets

Corporate climate watchdog keeps lid on buying carbon offsets to meet climate targets Science-Based Targets initiative lays out options for credits Cautious stance backs critics concerned about abuse Proposes ideas to help companies manage Scope 3 emissions By Simon Jessop LONDON, July 30 (Reuters) - The Science-Based Targets initiative (SBTi) said in a research paper on Tuesday there was not enough scientific support for the influential corporate climate watchdog to lift restrictions on compani
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Dexcom plunges as revenue forecast cut spooks investors

BUZZ-Dexcom plunges as revenue forecast cut spooks investors Updates ** Medical device maker Dexcom's DXCM.O shares s lumped nearly 40% to $64.80 after co slashed its annual revenue forecast ** Stock touched a four-year low of $64.37 in early trading on Friday, with nearly $17 billion of the co's market value set to be wiped out if losses hold ** The glucose monitor maker attributed the outlook cut to the fallout from a revamp of its salesforce but which some analysts said raised questions about
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Dexcom plunges as revenue forecast cut spooks investors

UPDATE 4-Dexcom plunges as revenue forecast cut spooks investors Updates shares in paragraph 1-2 By Bhanvi Satija July 26 (Reuters) - Dexcom DXCM.O shares closed more than 40% lower on Friday after the glucose monitor maker slashed its annual revenue forecast due to the fallout from a salesforce revamp, prompting some analysts to question its long-term prospects .
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IBM climbs after beating revenue estimates, forecasting software business growth

BUZZ-IBM climbs after beating revenue estimates, forecasting software business growth ** Shares of IT software and consultancy services provider IMB IBM.N gain 4.1% to $191.54 premarket ** Co reports Q2 revenue of $15.77 bln, above analysts' estimates of $15.62 bln - LSEG data ** Raises forecast for its software business, sees high-single-digit percentage growth vs mid-single-digit earlier, as clients spend more on AI ** J.P.
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Google parent Alphabet beats Q2 revenue, profit estimates on strong ads, cloud

UPDATE 5-Google parent Alphabet beats Q2 revenue, profit estimates on strong ads, cloud Adds background, capex estimate, details on AI and Waymo in paragraphs 1-3, 6, 10-16, 21 By Greg Bensinger and Yuvraj Malik July 23 (Reuters) - Alphabet GOOGL.O beat second-quarter revenue and profit estimates on Tuesday, driven by a rise in digital advertising sales and healthy demand for its cloud computing services, but flagged that capital expenses would remain high for the year .
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Nike hires former Salesforce executive as CIO in tech division shakeup - Bloomberg News

MEDIA-Nike hires former Salesforce executive as CIO in tech division shakeup - Bloomberg News -- Source link: https://tinyurl.com/4v2c2c8b -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Sustainable Switch: What are Kamala Harris’ ESG views?

Sustainable Switch: What are Kamala Harris’ ESG views? By Sharon Kimathi Energy and ESG Editor, Reuters Digital sharon.kimathi@thomsonreuters.com Hello! As United States Vice President Kamala Harris is potentially poised to become the Democratic presidential nominee in the November election, we break down her views and actions related to some key environment, social and governance 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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