DIRS.INFO The most relevant business & tech news

☆ MLB roundup: A's top Rays on 'reverse boycott' night
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +11 min

Jose Abreu notched his 1,500th career hit and became the fourth player in franchise history to score 1,000 runs. Nationals starter Patrick Corbin (4-7) allowed two runs on four hits in five innings. Giants starter Alex Cobb allowed two runs on five hits and two walks in four innings. Ortiz was charged with four runs and also allowed six hits over 5 1/3 innings for the Pirates. Mariners 9, Marlins 3George Kirby pitched six strong innings and Mike Ford hit two home runs as Seattle defeated visiting Miami.

Persons: Ramon Laureano, Cary Edmondson, Hogan Harris, John Fisher, Laureano, Colin Poche, Carlos Perez's grounder, Isaac Paredes, Harris, Shintaro Fujinami, Hunter Brown, Mauricio Dubon, Kyle Tucker, Martin Maldonado, Chas McCormick, Brown, Jose Abreu, Patrick Corbin, Michael Conforto, Louis, J.D, Davis, Mitch Haniger, Mike Yastrzemski, Patrick Bailey, Alex Cobb, Keaton Winn, Jack Flaherty, Gunnar Henderson, Henderson, Adam Frazier, Ryan O'Hearn, Aaron Hicks, Baltimore's Dean Kremer, Chris Bassitt, Will Smith, David Peralta, Tony Gonsolin, Lance Lynn, Gary Sanchez, Fernando Tatis Jr, Joe Musgrove, Josh Hader, Tanner Bibee, Juan Soto, Tatis, Manny Machado's flyout, Xander Bogaerts, Jake Cronenworth, Sanchez, Padre, Bryson Stott, Kyle Schwarber, Nick Castellanos, Alex Bohm, Bryce Harper, Zack Wheeler, Wheeler, Corbin Carroll, Christian Walker, Zach Davies, Carlos Correa, Michael A, Taylor, Devin Williams, Edouard Julien, Willi Castro, Donovan Solano's, Correa, Williams, Randal Grichuk, Grichuk's, Justin Garza, Coco Montes, Nolan Jones, Jurickson Profar, Rafael Devers, Daniel Bard, Pierce Johnson, Josh Donaldson, DJ LeMahieu, Brandon Nimmo, Jeff McNeil, Drew Smith, Ron Marinaccio, Josh Walker, Hunter Renfroe, Zach Neto, Shohei Ohtani, Jimmy Herget, Carlos Estevez, Nathaniel Lowe, Corey Seager, Owen White, Elly De La Cruz, Spencer Steer's, Kevin Newman's, Stuart Fairchild, TJ Friedl, Jordan Lyles, Lyles, Ian Happ, Jameson Taillon, Happ, Luis L, Ortiz, Jack Suwinski, Christopher Morel, George Kirby, Mike Ford, Cal Raleigh, Jose Caballero, Garrett Cooper, Chris Flexen Organizations: Oakland Athletics, Tampa Bay Rays, Oakland, Alameda County Coliseum, Astros, Houston, Washington, Giants, Cardinals, San Francisco, St, Orioles, Blue Jays, Baltimore, Toronto, American, Dodgers, White Sox, Padres, Guardians, Cleveland, Phillies, Diamondbacks, Philadelphia, Brewers, Minnesota, Milwaukee, Twins, Red Sox, Boston, Rockies, Yankees, Mets, Big Apple, Rangers, Angels, Los Angeles, Reds, Royals, Cincinnati Reds, Kansas City, The Reds, Cubs, Pirates, Chicago, Pittsburgh, Mariners, Marlins, Seattle, Miami, Cal, Kirby, Thomson Locations: Oakland , California, USA, Vegas, Angeles, Chicago, Cincinnati, Philadelphia, Seattle, San Diego, Cleveland, Phoenix, Arizona, Minneapolis, Minnesota, Colorado, Grichuk, Arlington , Texas, Pittsburgh, Raleigh, Ford

☆ Alibaba plans to list cloud division as quarterly revenue misses expectations
▼ + stars: | 2023-05-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

In this article BABABABA Follow your favorite stocks CREATE FREE ACCOUNTAlibaba Cloud, the cloud computing subsidiary of Alibaba, unveiled its ChatGPT-style product Tongyi Qianwen during the 2023 Alibaba Cloud Summit on Tuesday morning. Bloomberg | Bloomberg | Getty ImagesAlibaba announced plans to spin off its cloud division as a separate, publicly traded company, while the e-commerce titan's quarterly revenue missed expectations. In its Thursday report, Alibaba said it plans to spin off its cloud division as a newly listed company, subject to restructuring certain assets, liabilities and contracts, and regulatory approvals. Dan Ives, an analyst at Wedbush Securities, said Alibaba's cloud spin-off plan was a "no brainer strategic move that we believe adds to the sum of the parts valuation on BABA." "We believe this was a step in the right direction for the Alibaba story," Ives told CNBC in emailed comments Thursday.

☆ MLB roundup: White Sox surge past Rays, snap 10-game skid
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +12 min

[1/6] Apr 30, 2023; Chicago, Illinois, USA; Chicago White Sox first baseman Andrew Vaughn (25) watches his game-winning three-run home run against the Tampa Bay Rays during the ninth inning at Guaranteed Rate Field. Christian Bethancourt added a solo homer and two RBIs. Orioles 5, Tigers 3Adam Frazier and Jorge Mateo hit solo home runs and visiting Baltimore continued its dominance of Detroit. Evan Phillips closed out the ninth inning to earn his third save. Reliever Zack Thompson (1-2) allowed two runs on one hit and two walks while retiring just two batters.

☆ MLB roundup: Cubs' Drew Smyly flirts with perfection vs. Dodgers
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +11 min

Los Angeles starter Julio Urias (3-2) allowed five runs, seven hits (including two homers) and two walks in 3 1/3 innings. Seven of Urias' 10 earned runs allowed this season have come against Chicago. Philadelphia starter Aaron Nola tossed a season-high seven innings and allowed four hits and three runs with three strikeouts and three walks. Pittsburgh starter Mitch Keller (2-0) allowed two runs and four hits in six innings, with five strikeouts and a walk. Pivetta (1-1) allowed three runs on seven hits in 5 2/3 innings, striking out seven with one walk.

☆ Bloomberg plans to integrate GPT-style A.I. into its terminal
▼ + stars: | 2023-04-13 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Bloomberg LP has developed an AI model using the same underlying technology as OpenAI's GPT, and plans to integrate it into features delivered through its terminal software, a company official said in an interview with CNBC. Bloomberg says that Bloomberg GPT, an internal AI model, can more accurately answer questions like "CEO of Citigroup Inc? The move also shows how the AI market may not be dominated by giants with massive amounts of generalized data. The company was able to use freely available, off-the-shelf AI methods and apply them to its massive store of proprietary — if niche — data. It also can do some "generative AI" applications, like suggesting a new headline based on a short paragraph.

[1/2] Bottles of Campa Cola and Coca Cola are displayed at a Reliance Smart supermarket in Mumbai, India March 20, 2023. Other well known tycoons have tried to go toe-to-toe with the drinks giants, and failed, most notably Richard Branson with his Virgin Cola. The smallest bottles of Campa Cola and Coke both cost 10 rupees, while Pepsi starts from 12 rupees. Reliance did not respond to a request for comment, while Pepsi said it doesn't comment on competition as a policy. Another city store employee said 30 Campa bottles were being sold for every 100 of Pepsi and Coca-Cola.

☆ Spring training roundup: A's yield inside-the-park HR, rally past Angels
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +5 min

Taylor Ward scored an inside-the-park home run for the Angels in the first inning. Ward's liner to center got past a diving Esteury Ruiz, and the A's were slow to chase it down. Jake Cave hit his third homer of spring training for Philadelphia, while Pirates veteran Andrew McCutchen hit his first of the spring, a two-run shot. Washington got a two-run homer from Victor Robles and outhit St. Louis 15-6. The Giants had 16 hits, hanging six hits and six runs on Dodgers starter Noah Syndergaard (1-2) over 4 1/3 innings.

☆ Credit Suisse, the Risk-Taking Swiss Banking Giant, Succumbs to Crisis
▼ + stars: | 2023-03-20 | by ( Joe Wallace | Eliot Brown | ) www.wsj.com time to read: 1 min

Credit Suisse Group AG, the Swiss banking giant that liked to live dangerously, has run out of road. The bank struck a deal this weekend to be bought by rival UBS Group AG after an uncontrolled slide in its stock and bonds. The agreement marks the end of 167 years as an independent institution, a humbling comedown for a bank that once went toe-to-toe with U.S. giants on Wall Street and boasted a market value greater than that of Goldman Sachs Group Inc.

Google , Netflix , Meta , Apple , Amazon and Microsoft generate nearly half of all internet traffic today. Big Tech firms say this would amount to an "internet tax" that could undermine net neutrality. They bemoaned spending billions on laying cables and installing antennas to cope with rising internet demand without corresponding investments from Big Tech. One suggestion is to require individual bargaining deals with the Big Tech firms, similar to Australian licensing models between news publishers and internet platforms. "The imbalance is not down to Big Tech, it's not down to streamers, and it's not down to telcos.

☆ France's Capgemini sees weaker revenue growth as demand slows
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

Feb 21 (Reuters) - French IT consulting group Capgemini (CAPP.PA) on Tuesday forecast weaker 2023 revenue growth due to slowing demand for its cloud, data and artificial intelligence services in the uncertain macroeconomic environment. The group's revenue reached 22 billion euros ($23.48 billion) last year, while its bookings totalled 23.7 billion euros, an increase of 16.8% at constant exchange rates. The results come at a time when slowing growth, soaring inflation and a looming recession have pushed IT companies including U.S. giants Alphabet (GOOGL.O), Microsoft (MSFT.O) and Amazon (AMZN.O) to slash jobs. The Paris-based company also forecast 2023 operating margin in a range of 13.0% to 13.2%, and organic free cash flow of around 1.8 billion euros. ($1 = 0.9371 euros)Reporting by Lina Golovnya in Gdansk; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

☆ Column: Fantasy league matchmaking between oil majors and transition upstarts
▼ + stars: | 2023-02-10 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +6 min

But the eye-catching headline numbers also drew scrutiny from climate trackers and policymakers anxious to see fossil fuel majors show leadership in the renewable energy field. Reuters GraphicsSome of so-called Big 5 majors, especially Europe-based firms BP (BP.L), Shell (SHEL.L) and TotalEnergies (TTEF.PA), already boast major business segments tied to renewable energy. Big exposure to U.S.-based production assets, along with lucrative export streams of oil, gas and fuel were key drivers behind the outsized earnings of U.S. firms. Both firms operate at the front edge of the energy transition in different sectors, and present potentially appealing entry points for majors seeking access to fast-growing specialist areas. As the largest utility company in the United States, the firm is already in the starting line-up for any energy sector discussion.

☆ Saudi Arabia says tech giants to invest more than $9 billion in kingdom
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +2 min

RIYADH, Feb 6 (Reuters) - Saudi Arabia has attracted more than $9 billion in investments in future technologies, including by U.S. giants Microsoft (MSFT.O) and Oracle Corp (ORCL.N), which are building cloud regions in the kingdom, a government minister said on Monday. Saudi Minister of Communication and Information Technology Abdullah Alswaha said Microsoft will invest $2.1 billion in a global super-scaler cloud, while Oracle has committed $1.5 billion to build a new cloud region in Riyadh. Saudi officials have pressed international companies to invest in the kingdom and move their regional headquarters to Riyadh in order to benefit from government contracts. The minister said China's Huawei (HWT.UL) will also invest $400 million in cloud infrastructure for its services in Saudi Arabia and another cloud region in partnership with oil giant Aramco (2222.SE). An additional $4.5 billion was invested in global and local assets across multiple sectors at the forum, Alswaha added.

☆ Buy this Chinese tech giant to play a $284 billion video gaming opportunity: Goldman Sachs
▼ + stars: | 2023-02-03 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

U.S. giants Activision Blizzard and Roblox have long been investor favorites for exposure to the video gaming sector, but Goldman Sachs has an alternative pick to play the sector. Alternative pick Against this backdrop, Goldman is betting on tech giant Tencent to play the sector's rapid growth in China – the world's largest online game market. Tencent is expected to grow its game revenue by 9% annually into 2024, according to Goldman, with international gaming revenue making up about 30% of Tencent's total revenue by 2030. While a number of factors have undermined global games revenue growth in 2022, Goldman expects the market to rebound by 5% and 7% in 2023 and 2024, respectively. As such, the bank said the industry is set for exponential growth into 2026 and has forecast global online game revenue to expand at a compounded rate of 4.4% annually to $284 billion in 2026.

☆ Brazil's Petrobras third-quarter profit rises 48%
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Nov 3 (Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA) on Thursday posted a stronger than expected 48% surge in third-quarter profit, boosted by higher prices for Brent crude . Petroleo Brasileiro SA, as it is formally known, reported net profit of 46.1 billion reais ($9.01 billion), above the 43.37 billion reais forecast of analysts polled by Refinitiv. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 50.5% from a year earlier to 91.42 billion reais, also beating analysts' 88 billion reais estimate. The average price of Brent crude over July to September was $100.85, Petrobras said, significantly higher than the $73.47 it recorded a year earlier. Earlier on Thursday, Petrobras had said it would distribute some 43.68 billion reais ($8.5 billion) in dividends.

☆ Brazil's Petrobras beats profit expectations as uncertainty looms
▼ + stars: | 2022-11-03 | by ( Peter Frontini | ) www.reuters.com time to read: +2 min

The average price of Brent crude over July to September was $100.85, Petrobras said, significantly higher than the $73.47 it recorded a year earlier. Earlier on Thursday, Petrobras had said it would distribute some 43.68 billion reais ($8.5 billion) in dividends. Petrobras' revenue jumped 40% to 170.08 billion reais. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 50.5% to 91.42 billion reais, also beating analysts' estimate of 88 billion reais. "These results demonstrate, once again, the high level of performance achieved by Petrobras," its chief executive Caio Paes de Andrade said in a statement.

Search resuls for: ". Giants"

15 mentions found