September 12 (Reuters) – Microsoft (MSFT.O)opens new tab said its cloud-based productivity software suite, which includes Word, Excel and Teams among other widely used tools, had recovered from an outage that affected thousands of users on Thursday. “We can confirm that the issue affecting connectivity to Microsoft services is now resolved,” the Windows parent company […]
Aug 29 (Reuters) – Birkenstock (BIRK.N)opens new tab Quarterly earnings expectations were missed on Thursday as the German sandal maker’s global expansion and production increases led to a decline in its margins, sending shares down 12% in early trading. Due to strong global demand and to increase sales through its own channels, where products are […]
Aug 28 (Reuters) – Elon Musk’s AI startup xAI is facing criticism from environmental and health advocates for allegedly contributing to pollution in Memphis, Tennessee, by using natural gas turbines in its data center without obtaining the necessary permits. The Southern Environmental Law Center has sent a letter to the Environmental Protection Agency and the […]
Aug 27 (Reuters) – Nordstrom (JWN.N)opens new tab The company reported second-quarter profit that beat estimates on Tuesday. Revenue was boosted by key anniversary sales, sending shares up nearly 7% in after-hours trading. The upscale department store chain also raised the lower limit of its annual forecast for comparable sales growth to 0% to 2% […]
Aug 22 (Reuters) – Ross Stores (ROST.O)opens new tab The company raised its earnings forecast for fiscal 2024 and released second-quarter results on Thursday that beat Wall Street estimates, benefiting from demand for discounted clothing and falling freight costs. The company’s shares rose nearly 6% in extended trading as the company’s strategy of lowering prices […]
