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According to Microsoft, the productivity software suite has been restored after an outage


According to Microsoft, the productivity software suite has been restored after an outage

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 […]

Birkenstock misses quarterly profit forecasts as expansion plan hurts margins


Birkenstock misses quarterly profit forecasts as expansion plan hurts margins

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 […]

Nordstrom posts Q2 results thanks to sales event and turnaround efforts


Nordstrom posts Q2 results thanks to sales event and turnaround efforts

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% […]

Union: Police in Caracas arrest local journalist during house search


Union: Police in Caracas arrest local journalist during house search

CARACAS, Aug 25 (Reuters) – A well-known Venezuelan journalist was arrested in Caracas on Sunday by police who searched her home, a journalists’ union and a local human rights group said. The National Union of Press Workers of Venezuela (SNTP) and the human rights organization Espacio Publico stated on their X-accounts that agents entered the […]