DIRS.INFO The most relevant business & tech news

☆ Snap shares jump as leaked 2024 user target exceed Wall St expectations
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City, New York, U.S. on March 2, 2017. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsOct 16 (Reuters) - Snap (SNAP.N) shares jumped 11% on Monday after a media report said the social media company is expected to have more than 475 million daily active users (DAUs) in 2024, above Wall Street expectations. Snap also expects advertising revenue to grow more than 20% in 2024 as part of its "stretch goals", the report said, putting it above Wall Street estimates of 14% growth. Snap was the first ad-reliant social media firm to flag a demand downturn last year as brands cut budgets amid red-hot inflation and high interest rates. Macroeconomic woes coupled with rising competition from social media platforms like Tiktok, saw Snap lose 80% of its valuation last year.

Persons: Lucas Jackson, Evan Speigel, Bernstein, Mark Schilsky, Chavi Mehta, Tasim Zahid Organizations: Inc, New York Stock Exchange, REUTERS, Thomson Locations: New York City , New York, U.S, Bengaluru

☆ Teju Cole Knows His New Novel Resembles Autofiction. Please Don’t Be Tempted.
▼ + stars: | 2023-10-16 | by ( Anderson Tepper | ) www.nytimes.com time to read: +1 min

“I don’t think there is any way of discussing Teju Cole’s aesthetic without putting front and center this idea of his relentless inventiveness,” the writer Amitava Kumar wrote by email. Cole calls his new novel “a reiteration of my faith in fiction.” But it didn’t come easily or quickly. After “Open City,” Cole began to conceive of a big work of nonfiction on Lagos, his hometown, in the vein of Suketu Mehta’s book “Maximum City,” about Mumbai. (Cole, who often borrows from his own biography in his books, was born in Kalamazoo, Mich. and raised in Nigeria. I think I had to realize that what I have to offer is something else, closer to the bone and more personal.”

Persons: Amitava Kumar, “, Thelonious Monk, Kumar, Cole, ”, ” Cole, that’s Locations: Lagos, ”, Mumbai, Kalamazoo, Mich, Nigeria, United States

Google's search engine earned its huge market share by almost instantaneously presenting people with helpful information culled from the billions of websites that have been indexed since former Stanford University graduate students Larry Page and Sergey Brin developed the technology during the late 1990s. These agreements don’t preclude users from switching to a different search engine in their settings, but it’s a tedious process that few people bother to navigate. “You get up in the morning, you brush your teeth and you search on Google,” Nadella said. “Google must think they getting a great benefit from those default agreements, but maybe they're really not worth that much,” Olson said. That would be ironic.”Although the trial is focused on Google's search engine, a government victory could have more sweeping consequences across the technology industry if Mehta decided all default settings are anti-competitive and outlaws all defaults in the settings.

Persons: it's, Judge Amit Mehta, Mehta, “, ”, Luther Lowe, Larry Page, Sergey Brin, Department's, Bing, Satya Nadella, ” Nadella, Bing —, Nadella, Florian Schaub, ” Schaub, Eddy Cue, David Olson, ” Olson, Siri Organizations: Google, U.S, Justice Department, Stanford University, Apple, Microsoft, University of Michigan, Verizon, Boston College Law School Locations: U.S, Europe

The logo of Irish services and consulting company Accenture is seen at an temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. The criminal and civil probes followed a voluntary disclosure by the unit, Accenture Federal Services, to the government, the IT service provider said in a regulatory filing. "This matter could subject us to adverse consequences," Accenture said. The unit works with the Accenture's clients in the U.S. federal government and accounted for 15% of overall fiscal 2023 revenue from North America, the company's biggest market. Reporting by Chavi Mehta in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Chavi Mehta, Arun Koyyur Organizations: Accenture, REUTERS, U.S . Justice, Accenture Federal Services, DOJ, Thomson Locations: Davos, Switzerland, U.S, North America, Bengaluru

☆ Disneyland, Disney World lift some park ticket prices
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

A Spider Bot is pictured on a backpack ahead of the opening of the Avengers Campus area at Disney California Adventure Park in Anaheim, California, U.S., June 1, 2021. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsOct 11 (Reuters) - Walt Disney Co (DIS.N) said on Wednesday it is raising some theme-park ticket prices for its Disneyland resort in California and Walt Disney World in Florida, weeks after the entertainment giant unveiled a hefty spending plan for its parks business. The company has hiked prices at Disneyland by up to 8.9%, with the price per ticket on busy days such as holidays increasing by 8.4% to $194. Yearly pass prices at Walt Disney World in Orlando are rising by up to 10%, with the most expensive Incredi-Pass now selling for $1,449, up $50. Earlier this month, Disney said it will offer discounts on ticket prices for children at its theme parks for a limited period as it looks to spur traffic.

Persons: Mario Anzuoni, Disney, hasn't, Chavi Mehta, Devika Organizations: Disney, REUTERS, Walt Disney Co, Walt Disney, Thomson Locations: Anaheim , California, U.S, California, Florida, Orlando, United States, Bengaluru

☆ Apple updates iPhone 12 software to address France's radiation testing
▼ + stars: | 2023-10-10 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Apple has disputed the findings of French regulators who said that the iPhone 12, which has been on the market for three years, gave off more than permissible amounts of radiation and halted sales of the device. On Tuesday, Apple gave its fullest explanation yet of the discrepancy between France's findings and those in other countries where the iPhone 12 has been approved for sale. In a statement, Apple said that the iPhone 12 is still safe to use even without the software update. "We want all iPhone 12 users to know that iPhone 12 is safe to use and always has been. IPhone 12 was certified to meet applicable worldwide energy transmission regulations and standards when it first shipped in 2020 and no changes have been made since then that would affect energy transmission," Apple said in the statement.

Persons: Apple, iPhones, Chavi Mehta, Sriraj Kalluvila, Lisa Shumaker, Sandra Maler Organizations: Apple, L'Agence Nationale des, Thomson Locations: France, Bengaluru

☆ US regulator probes Twitter security lapse before Musk took over - Bloomberg News
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

The logo for social media platform X, following the rebranding of Twitter, is seen covering the old logo in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 10 (Reuters) - The U.S. securities regulator is investigating how Twitter managed a 2018 security lapse that exposed personal user information before billionaire Elon Musk bought the social media platform last year, Bloomberg News reported. A bug on the social media platform had let outsiders view user email addresses during password resets, which revealed the identity of users, Bloomberg News said. Musk renamed the social media platform as X following the acquisition. Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh Kuber and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Elon Musk, Jack Dorsey, Ned Segal, Parag Agrawal, Musk, Chavi Mehta, Shailesh Kuber, Shounak Organizations: Twitter, REUTERS, Bloomberg News, SEC, Thomson Locations: U.S, Bengaluru

Shane Jenkins, 46, tried to smash a Capitol window with his tomahawk during the Jan. 6, 2021, siege. It displays a cartoon avatar of Jenkins, nicknamed Skullet, and a logo depicting crossed tomahawks below a silhouette of the Capitol building. Prosecutors don't know how much money Jenkins has generated from the website's merchandise sales. They also asked the judge to impose a fine of at least $118,888, equaling the money Jenkins has publicly raised. Jenkins flew from Houston to Washington, D.C., a day before Trump’s rally near the White House on Jan. 6.

Persons: —, ” —, Shane Jenkins, Jenkins, ”, Donald Trump's mugshot, Skullet, Dennis Boyle, Jenkins hasn't, Judge Amit Mehta, ” Mehta, “, ” Jenkins, Mehta, Joe Biden, Boyle, Trump, Donald Trump, “ Mr, Jenkins wasn't, Taylor Taranto, Ashli Babbitt, Jan Organizations: WASHINGTON, U.S, Capitol, “, J6, Prosecutors, ” Prosecutors, Democrat, Trump, Republican, Washington , D.C, Associated Locations: Texas, Houston, Washington ,, Washington, Taranto, West Terrace

☆ Indian IT firms set for "washout" year, focus now on 2025 - J.P.Morgan
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

Employees of Indian software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore September 4, 2012. REUTERS/Vivek Prakash/File Photo Acquire Licensing RightsBENGALURU, Oct 5 (Reuters) - J.P.Morgan analysts expect investors to parse upcoming second-quarter results and commentary from Indian IT companies for signs of recovery in deal signings in fiscal 2025 following a "washout" year. The focus for this quarter's earnings reports will be on deal signings as well as the split of new deals versus renewals to assess fiscal 2025 growth, the analysts said. J.P.Morgan expects high single-digit earnings growth, in percentage terms, for large-cap IT companies in fiscal 2025, while market expectations are for double-digit growth. Nonetheless, J.P.Morgan upgraded Infosys (INFY.NS) to "neutral" from "underweight" saying lower expectations were baked in and its large deal wins give visibility into fiscal 2025.

Persons: Vivek Prakash, Ankur Rudra, Bhavik Mehta, Rudra, Mehta, Navamya Ganesh, Savio D'Souza, Janane Organizations: Indian, Infosys, REUTERS, Rights, TCS, Wipro, J.P.Morgan, Thomson Locations: Electronic, Bangalore, Indian, Bengaluru

☆ Fourteen Dead, 102 Missing After Indian Glacial Lake Bursts Bank in Heavy Rain
▼ + stars: | 2023-10-05 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

NEW DELHI (Reuters) - At least 14 people were killed and 102, including 22 army personnel, were missing in northeast India on Thursday after heavy rain caused a glacial lake to burst its banks, triggering flash floods down a mountain valley, officials said. A cloudburst dropped a huge amount of rain over a short period on the Lhonak glacial lake on Wednesday, triggered flash floods down the Teesta valley, about 150 km (93 miles) north of Gangtok, capital of Sikkim state, near the border with China. The state disaster management agency said 26 people were injured and 102 were missing, as of early Thursday. Eleven bridges were washed away. (Reporting by Tanvi Mehta and Krishn Kaushik in New Delhi, Jatindra Dash in Bhubaneswar; editing by Robert Birsel)

Persons: Pema Gyamtsho, Tanvi Mehta, Krishn Kaushik, Jatindra, Robert Birsel Organizations: Twitter, Integrated, Development Locations: DELHI, India, Asia's, Teesta, Gangtok, Sikkim, China, Pakistan, Nepal, New Delhi, Bhubaneswar

☆ Fourteen dead, 102 missing after Indian glacial lake bursts bank in heavy rain
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Oct 5 (Reuters) - At least 14 people were killed and 102, including 22 army personnel, were missing in northeast India on Thursday after heavy rain caused a glacial lake to burst its banks, triggering flash floods down a mountain valley, officials said. A cloudburst dropped a huge amount of rain over a short period on the Lhonak glacial lake on Wednesday, triggered flash floods down the Teesta valley, about 150 km (93 miles) north of Gangtok, capital of Sikkim state, near the border with China. The state disaster management agency said 26 people were injured and 102 were missing, as of early Thursday. Eleven bridges were washed away. Reporting by Tanvi Mehta and Krishn Kaushik in New Delhi, Jatindra Dash in Bhubaneswar; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Pema Gyamtsho, Tanvi Mehta, Krishn Kaushik, Jatindra, Robert Birsel Organizations: Twitter, Integrated, Development, Thomson Locations: DELHI, India, Asia's, Teesta, Gangtok, Sikkim, China, Pakistan, Nepal, New Delhi, Bhubaneswar

Lhonak Lake in Sikkim state overflowed on Wednesday, causing major flooding that authorities said had impacted the lives of 22,000 people. The latest flooding was exacerbated by water released from state-run NHPC's Teesta V dam, local officials said. As of Thursday evening, 98 people were missing, 17 of whom were army personnel, state chief secretary V.B. "Due to bad weather conditions we cannot have air service towards the northern part of the state," Rai told Reuters. [1/4]An area affected by the flood is seen in this undated handout image released on October 4, 2023, in Sikkim, India.

Persons: V.B, Pathak, Prabhakar Rai, Rai, G.T, Dhungel, Subrata Nag Choudhury, Jatindra, Tanvi Mehta, Krishn Kaushik, Sarita Chaganti Singh, Ruma Paul, Rajendra Jadhav, YP Rajesh, Robert Birsel, Michael Perry, Kim Coghill, Mark Heinrich Our Organizations: NEW, Authorities, Reuters Graphics Reuters Graphics, Disaster Management Authority, Reuters, India Army, REUTERS Acquire, Army, National Disaster Management Agency, Nature Communications, YP, Thomson Locations: NEW DELHI, KOLKATA, India, Sikkim, Asia's, Bangladesh, Chungthang, Mangan, Gangtok, Nepal, Bhutan, China, Siliguri, West Bengal, Pakistan, Peru, Kolkata, Bhubaneswar, New Delhi

☆ Vietnamese EV maker VinFast's third-quarter revenue more than doubles
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, California, U.S., March 1, 2023. REUTERS/Lisa Baertlein/File Photo Acquire Licensing RightsOct 5 (Reuters) - Vietnamese electric-vehicle (EV) maker VinFast on Thursday reported a 159% rise in third-quarter revenue as it ramped up car deliveries and sought to boost sales by partnering with dealers in the United States. VinFast, which is backed by Vietnam's largest conglomerate Vingroup (VIC.HM), is gearing up to strengthen its foothold overseas. However, the EV maker has struggled after it earlier this year voluntarily recalled the first batch of 999 cars delivered to the United States. Revenue was 8.25 trillion Vietnamese dong ($338 million), while net loss widened to 15 trillion Vietnamese dong.

Persons: Lisa Baertlein, VinFast, Phuong Nguyen, Chavi Mehta, Sriraj Organizations: REUTERS, Vietnam's, Revenue, Thomson Locations: Los Angeles , California, U.S, United States, India, Hanoi, Bengaluru

☆ Uncover: The Kenya skincare brand targeting African skin
▼ + stars: | 2023-10-05 | by ( Nell Lewis | ) edition.cnn.com time to read: +5 min

Uncover – a startup founded by three women in Kenya in 2020 – wants this to change. It has developed a range of cosmetics that serve the needs of African women, says Sneha Mehta, the company’s CEO and co-founder. Jade Oyateru, the startup’s COO and co-founder, explains that while demand for sunscreen is growing among African women, they often complain that it leaves a ghostly white layer on their skin. The African identity carries through to the product’s ingredients, with each one containing a plant grown on the continent. Pan-African skincareUrbanization and a young population are some of main drivers behind the booming African beauty market, but there is still a big gap in knowledge, says Uncover’s Oyateru.

Persons: –, Sneha Mehta, Jade Oyateru, Mehta, Edwin Maina, Technavio, Rubab, Uncover’s Oyateru, ”, we’ve, “, it’s, hyperpigmentation – Organizations: CNN, Euromonitor Locations: Africa, Kenya, Nigeria, South Korea, South Africa, Ghana

☆ Apple releases software update to resolve iPhone 15 overheating issue
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] An Apple logo is pictured outside an Apple store in Lille, France, September 13, 2023. REUTERS/Stephanie Lecocq/File Photo/File Photo Acquire Licensing RightsOct 4 (Reuters) - Apple (AAPL.O) released an update to its iOS 17 software on Wednesday to resolve an overheating issue related to its latest iPhones. The iPhone 15 series, encased in a titanium shell, was launched last month with its custom A17 pro chip powering the Pro and Pro Max phones. Shortly after the iPhone 15 models were launched, consumers complained about bad battery life and overheating. The latest update to the iOS 17 software includes "important bug fixes, security updates, and addresses an issue that may cause the iPhone to run warmer than expected," an Apple spokesperson said on Wednesday.

Persons: Stephanie Lecocq, Pro Max, Apple, Instagram, Chavi Mehta, Anil D'Silva, Sherry Jacob, Phillips Organizations: Apple, REUTERS, Pro, Thomson Locations: Lille, France, Bengaluru

☆ Apple CEO Tim Cook makes $41 mln from biggest stock sale in two years
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Apple CEO Tim Cook attends the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsOct 4 (Reuters) - Apple (AAPL.O) Chief Executive Officer Tim Cook made $41.5 million after taxes in his biggest share sale in two years, a U.S. securities filing showed. Cook sold 511,000 shares, which were worth about $87.8 million before accounting for taxes, according to the filing dated Tuesday. The Apple chief owns about 3.3 million shares, valued at about $565 million, following the sale, the filing showed. A report from research firm Canalys showed North American smartphone shipments were expected to fall 12% in 2023.

Persons: Tim Cook, Loren Elliott, Cook, Chavi Mehta, Akash Sriram, Anil D'Silva Organizations: Apple, REUTERS, KeyBanc, Thomson Locations: Cupertino , California, U.S, United States, American, Bengaluru

☆ Nearly two dozen Indian troops missing after flash flood
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

GUWAHATI/NEW DELHI, Oct 4 (Reuters) - Twenty-three Indian troops were reported missing on Wednesday after a flash flood caused by a cloudburst in the northeastern state of Sikkim, a defence spokesperson said. The rain lashed a valley about 150 km (93 miles) north of Gangtok, the state capital, located along the border with China. Rising water submerged some vehicles following the release of water from a dam, the spokesperson added. Intermittent rain and thundershowers were hampering rescue operations in the area, an army official told Reuters, speaking on condition of anonymity. Reporting by Tanvi Mehta and Krishn Kaushik, Zarir Hussain in Guwahati; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Tanvi Mehta, Krishn Kaushik, Zarir Hussain, Clarence Fernandez Organizations: Reuters, Thomson Locations: GUWAHATI, DELHI, Sikkim, Gangtok, China, Guwahati

☆ Two earthquakes rattle Nepal, injuring 17, triggering landslides
▼ + stars: | 2023-10-03 | by ( Gopal Sharma | ) www.reuters.com time to read: +1 min

KATHMANDU, Oct 3 (Reuters) - Two earthquakes rocked western Nepal on Tuesday, injuring 17 people, damaging homes and triggering a landslide that blocked a major highway, authorities said. The temblors, centred in Talkot and Chainpur, struck at an interval of about 30 minutes. Police official Dipesh Chaudhary said 17 people - 11 women and six men - were injured and were being treated in hospital. One of the injured people was hit by a falling object, said Narayan Pandey, the top district official. Some homes in Chainpur, a town in the district, collapsed.

Persons: Rama Acharya, Dipesh Chaudhary, Narayan Pandey, Nilutpal, Gopal Sharma, Tanvi Mehta, Andrew Heavens, Clarence Fernandez, Bernadette Baum Organizations: Reuters, Police, Thomson Locations: KATHMANDU, Nepal, Bajhang, India, Talkot, New Delhi, Chainpur, Bengaluru, Kathmandu

[1/2] The Microsoft logo is seen at the Microsoft store in New York City, July 28, 2015. REBUFFED BY APPLENadella also testified that Microsoft had sought to make its Bing search engine the default on Apple (AAPL.O) smartphones but was rebuffed. On laptops, most of which use Microsoft operating systems, Bing is the default search engine and has a market share below 20%, Nadella acknowledged. Nadella became CEO of Microsoft in 2014, long after the tech giant faced its own federal antitrust lawsuit. As Google, which was founded in 1998, became an industry leading search engine, the two became bitter rivals.

Persons: Mike Segar, Satya Nadella, Nadella, U.S . Justice Department's, APPLE Nadella, John Schmidtlein, Google's, Schmidtlein, Bing, Amit Mehta, Diane Bartz, Christina Fincher, Deepa Babington Organizations: Microsoft, REUTERS, Google, U.S . Justice, Apple, APPLE, Bing, Verizon, BlackBerry, Nokia, District of Columbia, Thomson Locations: New York City, WASHINGTON, U.S, Bing, OpenAI

Nadella was dismissing an argument that Google has made - that it is easy to change defaults on devices. He said that Microsoft, itself a tech powerhouse, had sought to make its Bing search engine the default on Apple (AAPL.O) smartphones but was rebuffed. The clout in search makes Google a heavy hitter in the lucrative advertising market, boosting its profits. "You get up in the morning and you brush your teeth and you search on Google," he added in a reference to Google's dominance in search. As Google, which was founded in 1998, became an industry leading search engine, the two became bitter rivals.

Persons: Mike Segar, Satya Nadella, U.S . Justice Department's, Nadella, Amit Mehta, Bing, Diane Bartz, Christina Fincher, Deepa Babington Organizations: Microsoft, REUTERS, U.S ., Google, Apple, District of Columbia, Thomson Locations: New York City, WASHINGTON, U.S, OpenAI

WASHINGTON (AP) — Microsoft CEO Satya Nadella said Monday that unfair tactics used by Google led to its dominance as a search engine, tactics that in turn have thwarted his company's rival program, Bing. Nadella said Google's dominance was due to agreements that made it the default browser on smartphones and computers. The Justice Department's antitrust case against Google centers on deals the company struck with Apple and other device makers to use Google’s search engine. In an ironic twist, the constraints and distractions posed by the government’s antitrust case against Microsoft helped provide a springboard for Google to turn its search engine into a dominant force. By the time Microsoft started its scramble to develop its own search engine, Google had already become synonymous with looking things up on the internet.

Persons: Satya Nadella, Bing, Nadella, ”, Judge Amit Mehta, Steve Ballmer, Ballmer, hasn’t Organizations: WASHINGTON, Google, D.C, Department, Microsoft, U.S, Apple, Yahoo, Justice Department Locations: Washington

☆ Supply cuts from Saudi Arabia remain price drivers for oil heading into the fourth quarter
▼ + stars: | 2023-10-02 | by ( Brian Evans | ) www.cnbc.com time to read: +6 min

Experts predict oil prices will continue to rise heading into the fourth quarter, driven by tighter supply and production cuts. Despite some profit-taking in the last week of September, crude oil prices have rallied since the summer. That means U.S. crude oil reserves will remain under pressure amid the Saudi production cuts. And questions still remain as to the strength of a resurgence from the Chinese economy and how that will support higher oil prices. Goldman also recently published its list of buy-rated stocks to play higher oil prices, which included Chevron and Baker Hughes .

Persons: Goldman Sachs, Brent, Viktor Katona, Katona, Stephen Ellis, Ellis, Ole Hansen, " Hansen, Brian Mulberry, Mulberry, Goldman, Baker Hughes, Neil Mehta, Mehta Organizations: Brent, West, West Texas, Bank of America, Chevron, ExxonMobil, Morningstar, Saxos Bank, Zacks Investment Management, Federal Reserve, ConocoPhillips, XOM Locations: West Texas, Saudi Arabia, Saudi, Russia, OPEC, U.S, Cushing , Oklahoma, East, Kuwait, Iraq, Ukraine, Iran

☆ EU starts early-stage probe into Nvidia-dominated AI chip market's abuses - Bloomberg News
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo Acquire Licensing Rights企業 NVIDIA Corp フォローSept 29 (Reuters) - The European Union is examining alleged anticompetitive abuses in chips used for artificial intelligence, a market which Nvidia (NVDA.O) dominates, Bloomberg News reported on Friday, citing people familiar with the matter. Nvidia declined to comment, while the European Commission did not immediately respond to Reuters' request for a comment. France's competition authority raided Nvidia's local offices this week on suspicion the chipmaker engaged in anticompetitive practices, the Wall Street Journal reported on Thursday. Reporting by Chavi Mehta in Bengaluru; Editing by Shilpi Majumdar私たちの行動規範：トムソン・ロイター「信頼の原則」

Persons: Robert Galbraith, Chavi Mehta, Shilpi Majumdar 私 Organizations: Nvidia, REUTERS, NVIDIA, European, Bloomberg, European Commission, Commission, Reuters, Wall Street Locations: Santa Clara , California, Bengaluru

☆ Micron shares fall as demand recovery 'off to slow start'
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. "The recovery path is off to a slow start," analysts at Evercore ISI said in a note. Micron is also working to become a supplier to AI chip giant Nvidia (NVDA.O), it said on Wednesday. The company forecast adjusted loss per share of $1.07 for the current quarter, steeper than analysts' estimates for a 95 cents-per-share loss. Those losses have largely been recouped, with its shares rising about 36% in 2023 as investors hoped for a recovery.

Persons: Kai Pfaffenbach, Micron's, Chavi Mehta, Yuvraj Malik, Devika Organizations: REUTERS, Micron, Evercore, Nvidia, Citigroup, LSEG, Thomson Locations: Frankfurt, Germany, Bengaluru

☆ Accenture warns of weaker fiscal 2024 as IT spending remains under pressure
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The logo of Irish services and consulting company Accenture is seen at an temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. Accenture expects first-quarter revenue in the range of $15.85 billion to $16.45 billion, while analysts polled by LSEG forecast $16.43 billion. The company also forecast fiscal 2024 adjusted earnings per share to be in the range of $11.97 to $12.32, below estimates of $12.45. The mid-point of its revenue growth forecast of 2% to 5% in local currency also fell short of estimates. Accenture's revenue rose 4% to $16 billion in the fourth quarter ended Aug. 31, compared with estimates of $16.08 billion.

Persons: Arnd, Julie Sweet, Chavi Mehta, Shinjini Organizations: Accenture, REUTERS, U.S, Infosys, Tata Consultancy Services, LSEG, Thomson Locations: Davos, Switzerland, Federal, Indian, Bengaluru

Search resuls for: "Mehta"

25 mentions found