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FICO posts higher profit on scores business strength

Reuters |Updated 10 minutes ago |1 min read

(Reuters) - Credit scoring giant Fair Isaac Corp posted a rise in second-quarter profit on Thursday, helped by robust demand for its scores and software businesses. The seven-decade-old company is best known for its FICO Score, the standard ...

A crow sits on wood framing at a commercial construction project in Encinitas, California, U.S., July 30, 2020.

Weyerhaeuser beats quarterly profit estimates on high real estate demand

Reuters |Updated 11 minutes ago |1 min read

(Reuters) - U.S. forest product firm Weyerhaeuser on Thursday beat estimates for first-quarter profit on increased demand for housing construction. Tight supply of existing homes in the United States pushed buyers to opt for newly made houses, ...

Signage is seen outside a Capital One Bank in Manhattan, New York, U.S., November 12, 2021.

Capital One's first-quarter profit jumps on interest income boost

Reuters |Updated 21 minutes ago |2 min read

(Reuters) - Capital One Financial's first-quarter profit rose 35% as customers paid more on the company's credit-card loans amid higher interest rates. Net interest income (NII) - the difference between what it makes on loans and pays out on ...

Storage tanks and gas-chilling units are seen at Freeport LNG, the second largest exporter of U.S. liquified natural gas, near Freeport, Texas, U.S., February 11, 2023. Reuters/Arathy Somasekhar/File Photo

As demand for US LNG booms, one plant struggles to stay online

Curtis Williams |Updated 31 minutes ago |2 min read

By Curtis Williams HOUSTON (Reuters) - The second-largest U.S. liquefied natural gas (LNG) export facility has been running below 80% of its capacity due to technical problems, data from financial firm LSEG showed, denting U.S. exports. Since ...

Bank of Japan Governor Kazuo Ueda attends a press conference after a policy meeting at BOJ headquarters, in Tokyo, Japan March 19, 2024.

Morning Bid: Bank of Japan center stage, US tech supports

Jamie McGeever |Updated 31 minutes ago |3 min read

By Jamie McGeever (Reuters) - A look at the day ahead in Asian markets. Asia's market spotlight on Friday falls on the Bank of Japan's policy announcement, as the cat-and-mouse game of when or if Tokyo intervenes in the currency market continues, ...

SaltWire

Verisign's Q1 revenue rises on demand for internet services

Reuters |Updated 32 minutes ago |1 min read

(Reuters) - Internet services firm VeriSign reported a 5.5% rise in its first-quarter revenue on Thursday, helped by steady demand for domain name registrations as businesses beef up their online presence. More and more enterprises are nowadays ...

SaltWire

Western Digital tops profit expectations on demand from cloud-computing customers

Reuters |Updated 39 minutes ago |2 min read

(Reuters) - Western Digital surpassed expectations for quarterly revenue and profit on Thursday, riding on a surge in demand for its data storage products from cloud service providers. The results are the latest sign that demand for memory chips ...

SaltWire

Juniper misses revenue estimates on weak networking gear demand

Reuters |Updated 1 hour ago |1 min read

(Reuters) - Juniper Networks missed Wall Street estimates for first-quarter revenue on Thursday, hit by sluggish demand for the networking gear maker's products in an uncertain economy. Weak demand from inflation-hit wireless carriers and cable ...

SaltWire

KLA Corp projects quarterly revenue above estimates as AI fuels chip demand

Reuters |Updated 1 hour ago |1 min read

(Reuters) - KLA Corp forecast fourth-quarter revenue above analysts' expectations on Thursday, anticipating strong demand for its chip-making tools from semiconductor makers looking to tap into a surge in demand for use in AI applications. Shares ...

Rob Walton, Walmart chairman of the Board of Directors, speaks at the company's annual shareholders meeting in Fayetteville, Arkansas June 6, 2014.

Walmart ex-chairman Rob Walton to retire from board

Reuters |Updated 1 minutes ago |1 min read

(Reuters) - Walmart said on Thursday that Rob Walton would retire from the board of the big-box retailer at the end of his term on June 5. Walton, the eldest son of Walmart founder Sam Walton, served as the company's chairman of the board of ...

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