Town Hall News

By Chavi Mehta (Reuters) -Texas Instruments forecast second-quarter revenue and profit below Wall Street estimates on Tuesday, signaling demand weakness is spreading to most of the analog chipmaker’s end-markets. A chip supply glut, which started from the consumer electronics market, has seeped into broader markets like enterprise and industrial as rising interest rates saps spending across the board. The company’s revenue in both the personal electronics segment and the division […]

By Yuvraj Malik and Jane Lanhee Lee (Reuters) -Microsoft Corp beat Wall Street’s estimates for third-quarter revenue and profit on Tuesday, driven by growth in its cloud computing and Office productivity software businesses. Shares gained 4.6% in after-market trading following a report by Redmond, Washington-based Microsoft that profits were $2.45 per share, beating Wall Street estimates of $2.23, according to data from Refinitiv and up 10% from the same quarter […]

(Reuters) -FTX has reached an agreement to sell its crypto derivatives platform LedgerX LLC to an affiliate of Miami International Holdings Inc for $50 million, the bankrupt crypto exchange said on Tuesday. FTX will seek U.S. bankruptcy court approval for the sale at a May 4 hearing. “We are pleased to reach this agreement with MIH, which is an example of our continuing efforts to monetize assets to deliver recoveries […]

LEEDS, England (Reuters) – Leicester City’s veteran striker Jamie Vardy came off the bench to earn his side a 1-1 draw with a late equaliser in a crunch relegation battle away to Leeds United on Tuesday. Leeds were closing in on a massive three points in their quest for safety thanks to Luis Sinisterra’s 20th-minute header after Leicester’s Youri Tielemans had a goal ruled out. The 36-year-old Vardy, who came […]

By Yuvraj Malik and Jane Lanhee Lee (Reuters) – Microsoft Corp beat Wall Street’s estimates for third-quarter revenue and profit on Tuesday, driven by growth in its cloud computing and Office productivity software businesses. Shares gained 4.6% in after-market trading following a report by Redmond, Washington-based Microsoft that profits were $2.45 per share, beating Wall Street estimates of $2.23, according to data from Refinitiv and up 10% from the same […]

By Manya Saini, David French and Saeed Azhar (Reuters) -First Republic Bank faces dwindling and tough options to turn around its business with the creation of a ‘bad bank’ or asset sales possibilities, a source familiar with the matter said, after the lender showed the extent of deposit flight during last month’s banking crisis. First Republic reported a more than $100 billion plunge in deposits in the quarter in the […]

By Yuvraj Malik and Jane Lanhee Lee (Reuters) – Microsoft Corp beat Wall Street’s estimates for third-quarter revenue and profit on Tuesday, driven by growth in its cloud computing and Office productivity software businesses. Shares gained 4.6% in after-market trading following a report by Redmond, Washington-based Microsoft that profits were $2.45 per share, beating Wall Street estimates of $2.23, according to data from Refinitiv and up 10% from the same […]

(Reuters) – Building heating and cooling systems provider Carrier Global Corp said on Tuesday it would buy German industrial firm Viessmann’s air conditioning division in a 12 billion euros cash-and-stock ($13.17 billion) deal. The deal is part of a broader overhaul at the Florida-based company, which has been working with advisors to spin off its fire and security business. The company said it plans to exit its fire and security […]

By Sheila Dang (Reuters) -Twitter on Tuesday said it required users to take down over 6.5 million pieces of content in the first half of 2022, before the social media platform was taken over by billionaire Elon Musk, a 29% increase from the second half of 2021. Twitter disclosed the number of content removals in a blog post on the same day the European Union said the social media platform […]