(Reuters) – Facebook Inc (FB.O) beat analyst estimates for quarterly revenue on Thursday as companies used their digital advertising tools to take advantage of a surge in online traffic during the coronavirus pandemic, even as they cut marketing budgets elsewhere. FILE PHOTO: A 3D printed Facebook logo seen on a …
Read More »AMD raises forecasts for the full year as chip rival Intel stumbles
FILE PHOTO: Lisa Su, AMD President and CEO, delivers keynote speech at CES 2019 in Las Vegas, Nevada, USA, January 9, 2019. REUTERS / Steve Marcus (Reuters) – Advanced Micro Devices Inc (AMD.O) Boosted its full-year revenue forecast on Tuesday, fueled in part by an overall surge in demand for …
Read More »Eastman Kodak to Obtain $ 765 Million Loan to Make Drug Ingredients
(Reuters) – Eastman Kodak Co (KODK.N) will obtain a $ 765 million loan from the US government to produce pharmaceutical ingredients in the country, which will help reduce dependence on other countries by strengthening national supply chains. The company’s shares were trading at $ 8.80 after closing at $ 2.62 …
Read More »Moderna Loses Challenge to Arbutus Patent on Vaccine Technology
(Reuters) – Moderna Inc’s shares fell nearly 10% after losing a bid to invalidate a US patent owned by Arbutus Biopharma that represents a potential obstacle to Moderna’s efforts to develop next-generation vaccines, including a coronavirus vaccine. . FILE PHOTO: A sign marks the headquarters of Moderna Inc, which is …
Read More »IBM beats estimates; See profit as customers accelerate the move to the cloud
(Reuters) – International Business Machines Corp (IBM.N) topped second-quarter profit estimates on Monday, noting that demand for their cloud computing business would increase as large corporations accelerate their digital change due to the coronavirus crisis. FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in …
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