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,...

11:49 AM EDT, 05/30/2025 (MT Newswires) -- Microsoft ( MSFT ) and the Communications Workers of America have agreed to a tentative union contract for about 300 quality assurance workers at the company's ZeniMax gaming unit, Bloomberg reported Friday, citing the union. The agreement follows almost two years of talks and would be the first union contract at Microsoft (...

11:48 AM EDT, 05/30/2025 (MT Newswires) -- Elastic (ESTC), PagerDuty ( PD ) and UiPath ( PATH ) face slow new-business growth and revenue erosion amid flat demand for core products, sales-execution headwinds and cautious customer spending, despite improvements in operational profitability and margins, Morgan Stanley said Friday in a report. Elastic is experiencing cloud growth deceleration and a cautious...

11:49 AM EDT, 05/30/2025 (MT Newswires) -- BMO has raised its target on CIBC by $4, to $102, and kept its Outperform rating after the bank reported a second-quarter beat. CIBC's operating EPS of $2.05 beat BMO/consensus estimate of $1.87. The beat to BMO was led by Capital Markets (trading revenue) and Canadian Personal & Business Banking (NIM expansion), accompanied...