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United States

Rishika S

Cognizant sees more deals from healthcare, financial clients

May 06 2016

IT services provider Cognizant Technology Solutions Corp said it expects a pipeline of new projects from its healthcare and financial services clients to fuel growth for the remainder of the year, after a weak first quarter.

Delayed Karma: GoPro pushes drone launch to winter

May 05 2016

Wearable action camera GoPro Inc said on Thursday it would delay the launch of its drone, Karma, until the holiday shopping season.

Time Warner profit beats expectations, boosted by Turner, HBO

May 04 2016

Time Warner Inc reported higher-than-expected earnings on Wednesday on strong revenue from its HBO cable channel and Turner Broadcasting unit.

Lower ad sales, higher costs pull down New York Times profit

May 03 2016

The New York Times Co's adjusted operating profit fell 13 percent in the first quarter as ad sales declined in its print and digital businesses and costs rose.

Xerox's revenue falls on lower printer sales

Apr 25 2016

Xerox Corp reported a 4.2 percent fall in quarterly revenue, hurt by lower sales of printers and copiers, and said it expects to incur about $100 million in restructuring costs in the second quarter.

Daily Mail says may partner to bid for Yahoo

Apr 21 2016

The parent of Britain's Daily Mail said on Wednesday it had not submitted its own bid to buy Yahoo Inc's core Internet business, but was still in talks to partner with other suitors of the U.S. company. | Video

Daily Mail says may partner to bid for Yahoo

Apr 21 2016

The parent of Britain's Daily Mail said on Wednesday it had not submitted its own bid to buy Yahoo Inc's core Internet business, but was still in talks to partner with other suitors of the U.S. company. | Video

Wipro plans big bets on digital services to double revenue

Apr 20 2016

BENGALURU The new boss of Indian IT services firm Wipro Ltd is betting on digital and automation services to stem a decline in market share and double revenue over the next four years.

Mitel to buy Polycom for $1.96 billion following Elliott pressure

Apr 15 2016

Canada's Mitel Networks Corp said on Friday it would buy U.S. voice and telephony gear maker Polycom Inc for about $1.96 billion in cash and stock, in a deal that had been championed by activist investor Elliott Management.

EnPro, Garlock reach $480 mln settlement on asbestos claims

Mar 18 2016

EnPro Industries Inc said it has agreed to a $480 million settlement to resolve current and future personal injury claims related to its asbestos-lined gaskets used in pipes, valves and other industrial applications.

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