Category Archives: (Midwest Communications, Inc. Syndication Interface) Technology News (Master Feed)
Tyler Technologies misses quarterly revenue estimates on weak IT spending
(Reuters) - Tyler Technologies missed Wall Street estimates for fourth-quarter revenue on Wednesday, as it faces tough competition for IT-related services from bigger players. Shares of the Plano, Tex...
Feb 14, 2024
Australia's Telstra trims FY earnings view; first-half profit rises
(Reuters) - Australia's Telstra Group trimmed the upper end of its operating earnings forecast for fiscal 2024 on Thursday even as it reported an 11% jump in its first-half profit due to strong perfor...
Feb 14, 2024
New York Mayor sues social media firms for fueling youth mental health crisis
(Reuters) - New York City Mayor Eric Adams said on Wednesday that his administration has filed a lawsuit against social media companies including Meta Platforms' Facebook and Instagram for fueling men...
Feb 14, 2024
Japanese chipmaker Renesas to buy Australian software firm Altium for $5.9 billion
TOKYO (Reuters) - Japanese chipmaker Renesas Electronics on Thursday said it will acquire a 100% stake in Australian design software provider Altium for A$9.1 billion ($5.91 billion) in an all-cash tr...
Feb 14, 2024
Cisco to lay off 5% of workforce, cuts annual revenue forecast
(Reuters) -Networking equipment maker Cisco Systems said on Wednesday it would cut 5% of its global workforce to focus on high-growth areas such as artificial intelligence and software, adding to thou...
Feb 14, 2024
Meta paid about $500 million to Broadcom for components in 2023
(Reuters) - Meta Platforms paid about $500 million to Broadcom in 2023 related to its deal to purchase components and services such as design and engineering, the Facebook-parent said in a filing on W...
Feb 14, 2024
Tinder, other Match dating apps encourage compulsive use, lawsuit claims
By Jonathan Stempel (Reuters) - Match Group was sued on Wednesday in a proposed class action claiming that its dating apps Tinder, Hinge and The League are designed to addict users, generating more pr...
Feb 14, 2024
Daniel Loeb's Third Point slashes stake in Uber
(Reuters) - Daniel Loeb's hedge fund, Third Point, reduced its stake in ride-share platform Uber by about 76% to 1 million shares, a filing with the U.S. SEC showed on Wednesday. (Reporting by Akash S...
Feb 14, 2024
Bridgewater increased Nvidia stake more than 450% in Q4 -filings
By Carolina Mandl NEW YORK (Reuters) - Bridgewater Associates increased its stake in chipmaker Nvidia by 458% at the end of last year while also adding exposure to other members of the so-called Magni...
Feb 14, 2024
Genesis gets court approval to sell $1.6 billion in crypto trust shares
By Dietrich Knauth NEW YORK (Reuters) - Bankrupt crypto lender Genesis Global on Wednesday received permission from a U.S. court to sell about $1.6 billion in Grayscale cryptocurrency trust shares as ...
Feb 14, 2024
