10:48 AM EDT, 05/08/2025 (MT Newswires) -- Coherent's (COHR) topline strength for fiscal Q3 was largely driven by the outperformance of its networking segment, Morgan Stanley said in a note Thursday. The outperformance of the segment, whose revenue of $897 million beat Morgan Stanley's $841 million forecast, was driven by strong artificial intelligence data center demand and sequential growth in...

10:49 AM EDT, 05/08/2025 (MT Newswires) -- Hims & Hers Health ( HIMS ) said Thursday it plans to offer $450 million of convertible senior notes due 2030 in a private offering to institutional investors. The company said it would grant the initial buyers an option to purchase up to an additional $67.5 million of the notes. The company said...

LONDON (Reuters) -Nestle has hired Rothschild to advise on the sale of its water division later this year, four people familiar with the matter told Reuters, as the Swiss food giant looks to refocus on bigger brands. Under new CEO Laurent Freixe, Nestle has been trying to narrow its focus to roughly 30 of its 2,000 brands, prioritising labels including...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...