04:32 PM EST, 12/10/2024 (MT Newswires) -- Frequency Electronics ( FEIM ) shares jumped 26% in after hours Tuesday after it reported fiscal Q2 net income of $0.28 per diluted share, up from $0.08 a year earlier. Revenue for the quarter ended Oct. 31 was $15.8 million, up from $13.6 million a year earlier. Analysts estimates were not available. ...

Dec 10 (Reuters) - Authorities raided Adidas AG headquarters in Germany as part of a years-long tax investigation, a spokesperson from the company said on Tuesday. Adidas said in a statement it has been in contact with customs authorities for several years about the matter and is providing them with documents and information. The raid was first reported by Germany's...

04:36 PM EST, 12/10/2024 (MT Newswires) -- Skillsoft Corp ( SKIL ) reported a fiscal Q3 adjusted net loss of $1.82 a share, compared with the loss of $2.82 a year earlier. Three analysts surveyed by FactSet expected a normalized loss of $3. Revenue in the three months ended Oct. 31 fell to $137.2 million from $138.9 million a year...

Dec 10 (Reuters) - General Motors ( GM ) said on Tuesday it will stop funding development of robotaxis at its majority-owned Cruise business, a blow to the automaker that had made the advanced technology unit a top priority. GM said it would not fund work on the robotaxis given the considerable time and resources that would be needed to...