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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 […]

New champions crowned, new rivalries forged at the US Open


New champions crowned, new rivalries forged at the US Open

NEW YORK, Sept 9 (Reuters) – The U.S. Open, full of surprises and hungry, young challengers, was the latest sign that a new era has dawned in men’s tennis: 2024 will be the first time in more than two decades that none of the “Big Three” have won a Grand Slam title. Roger Federer had […]

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 […]

Exclusive: WFP launches investigation into its operations in Sudan as famine spreads


Exclusive: WFP launches investigation into its operations in Sudan as famine spreads

Inspector General investigates two senior WFP officials in Sudan – sources Investigators are investigating whether employees concealed the Sudanese army’s alleged role in blocking food aid Investigation also looks into disappearance of fuel stocks in Sudan WFP and USAID confirm that an investigation into the operation in Sudan is ongoing Hunger protection organisation IPC: 25 […]

Inflation in Australia eases in July, but progress still slow


Inflation in Australia eases in July, but progress still slow

Article 1 of 2 Shoppers walk past sale signs in the window of a retail store at a shopping mall in Sydney, Australia, September 4, 2018. Picture taken September 4, 2018. REUTERS/David Gray/File Photo (1/2)Shoppers walk past sale signs displayed in the window of a retail store at a shopping mall in Sydney, Australia, September […]

Possible takeover of Seven & i “historic” for Japanese companies, says Artisan boss Herrick


Possible takeover of Seven & i “historic” for Japanese companies, says Artisan boss Herrick

Article 1 of 2 The logo of Seven & i of Japan is seen at its 7-Eleven convenience store in Tokyo, Japan, August 19, 2024. REUTERS/Kim Kyung-Hoon/File Photo (1/2)The logo of Japan’s Seven & i is seen at its 7-Eleven convenience store in Tokyo, Japan, August 19, 2024. REUTERS/Kim Kyung-Hoon/File Photo Purchase Licensing rightopens new […]

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% […]

Ross Stores raises profit forecast due to strong demand for discount clothing


Ross Stores raises profit forecast due to strong demand for discount clothing

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 […]

Exclusive: Evolent Health in sale talks after takeover interest, sources say


Exclusive: Evolent Health in sale talks after takeover interest, sources say

NEW YORK, Aug 22 (Reuters) – Evolent Health (EVH.N)opens new tab is currently in talks with private equity firms and health care providers about a potential sale. The process was initiated after interest in an acquisition emerged, people familiar with the matter said Thursday. Private equity firm TPG (TPG.O)opens new tabCD&R and KKR (KKR.N)opens new […]

Chinese scientists use lunar soil to produce water, state media reports


Chinese scientists use lunar soil to produce water, state media reports

BEIJING, Aug 22 (Reuters) – Chinese scientists have discovered a “completely new method” of producing large amounts of water using lunar soil brought back from a 2020 expedition, state broadcaster CCTV reported on Thursday. In 2020, China’s Chang’e-5 mission collected lunar samples for the first time in 44 years. Researchers from the state-run Chinese Academy […]