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Reddit forecasts revenue above estimates as AI fuels ad sales
Feb 5 (Reuters) - Reddit RDDT.N forecast first-quarter revenue above Wall Street estimates on Thursday, as artificial intelligence-powered enhancements to its advertising platform help the social media platform draw more marketers.The company announced its first share repurchase program of up to $1 ...Reuters
Thu, Feb 5
Gen Digital raises annual revenue forecast on strong security software demand
By Zaheer KachwalaFeb 5 (Reuters) - Antivirus software provider Gen Digital GEN.O raised its annual revenue forecast for a third consecutive quarter on Thursday, signaling strong demand for its digital security services.A surge in the number of high-profile hacks has spurred consumers and enterprise...Reuters
Thu, Feb 5
Amazon projects $200 billion in capital spending this year
Feb 5 (Reuters) - Amazon.com AMZN.O on Thursday joined its Big Tech peers in projecting massive capital expenditures in 2026, the freshest sign yet that tech companies will not be hitting the brakes on their hefty AI investments anytime soon.The company said it expects to invest about $200 billion i...Reuters
Thu, Feb 5
Monolithic Power Systems Announces CFO Transition
Feb 5 (Reuters) - Monolithic Power Systems Inc MPWR.O:MONOLITHIC POWER SYSTEMS ANNOUNCES CFO TRANSITIONMONOLITHIC POWER SYSTEMS - BERNIE BLEGEN TO RETIRE AS CFO AFTER 2025 REPORTMONOLITHIC POWER SYSTEMS - BLEGEN TO REMAIN WITH MPS POST-RETIREMENT FOR TRANSITIONMONOLITHIC POWER SYSTEMS - ROB DEAN TO ...Reuters
Thu, Feb 5
McGrath Announces Chief Executive Officer Succession
Feb 5 (Reuters) - McGrath RentCorp MGRC.O:MCGRATH ANNOUNCES CHIEF EXECUTIVE OFFICER SUCCESSIONMCGRATH RENTCORP - PHILIP B. HAWKINS APPOINTED AS CEO OF MCGRATH EFFECTIVE APRIL 2026MCGRATH RENTCORP - JOSEPH F. HANNA TO RETIRE AS CEO IN APRIL 2026Reuters
Thu, Feb 5
Venezuela amnesty law for jailed protesters passes first vote
Bill would allow exiles to return to countryAssets of those detained would be returnedPasses first of two votes in National Assembly Feb 5 (Reuters) - An amnesty law being considered in Venezuela's legislature that would grant immediate clemency to people jailed for participating in political...Reuters
Thu, Feb 5
EXCLUSIVE-Apartment owner Veris Residential being pushed to sell itself, sources say
Erez urges Veris to consider a saleSays sale could bring considerable premium to current stock priceErez' CIO has successfully sold a REIT before By Svea Herbst-Bayliss NEW YORK, Feb 5 (Reuters) - A large real estate investor wants high-end rental properties owner Veris Residential VRE.N to p...Reuters
Thu, Feb 5
US Postal Service reports $1.25 billion quarterly loss as it seeks reforms
WASHINGTON, Feb 5 (Reuters) - The U.S. Postal Service on Thursday reported a net quarterly loss of $1.25 billion as it faces ongoing liquidity concerns and renewed calls for reforms from Congress.Officials on Thursday called on lawmakers to reform the Postal Service Civil Service Retirement obligati...Reuters
Thu, Feb 5
US attorney says it will not prosecute companies that cooperate in criminal investigations
By Chris Prentice NEW YORK, Feb 5 (Reuters) - Federal prosecutors plan to increase incentives for companies that cooperate during criminal investigations, including promises not to prosecute them, the U.S. Attorney in Manhattan said on Thursday.Jay Clayton's remarks at an industry conference ...Reuters
Thu, Feb 5
Third Century Bancorp's Q4 net income rises 11.68% yr/yr
OverviewBank holding company's Q4 net income rose 11.68% yr/yrCompany's non-interest income grew 65.90% due to higher residential loan sales and Trust revenueNet interest income increased due to higher average loan balancesOutlookCompany did not provide specific guidance for future quarters ...Reuters
Thu, Feb 5
REFILE-States square off with opioids whistleblower over payout from $4.7 billion Walgreens settlement
Whistleblower who won $25 million in federal opioids case wants cut of states' dealImmigration attorneys win right to fees in 3rd Circuit habeas caseDOJ objects to blind consumers’ class action settlementBy Mike Scarcella and David Thomas Feb 5 (Reuters) - (Billable Hours is Reuters' week...Reuters
Thu, Feb 5
FDA Updates Boxed Warning For Xeloda Now Highlights Risk Of Adverse Reactions Or Death In Patients With Complete DPD Deficiency
Feb 5 (Reuters) - FDA:FDA:BOXED WARNING FOR XELODA NOW HIGHLIGHTS RISK OF ADVERSE REACTIONS OR DEATH IN PATIENTS WITH COMPLETE DPD DEFICIENCYFDA: SAFETY LABELING UPDATE FOR CAPECITABINE AND FLUOROURACIL (5-FU) ON RISKS ASSOCIATED WITH DIHYDROPYRIMIDINE DEHYDROGENASE DEFICIENCY - WEBSITEReuters
Thu, Feb 5
