Business
FICO posts higher profit on scores business strength
(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 ...
Weyerhaeuser beats quarterly profit estimates on high real estate demand
(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, ...
Capital One's first-quarter profit jumps on interest income boost
(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 ...
As demand for US LNG booms, one plant struggles to stay online
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 ...
Morning Bid: Bank of Japan center stage, US tech supports
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, ...
Verisign's Q1 revenue rises on demand for internet services
(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 ...
Western Digital tops profit expectations on demand from cloud-computing customers
(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 ...
Juniper misses revenue estimates on weak networking gear demand
(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 ...
KLA Corp projects quarterly revenue above estimates as AI fuels chip demand
(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 ...
Walmart ex-chairman Rob Walton to retire from board
(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 ...