JERUSALEM, April 25 (Reuters) - Check Point Software Technologies ( CHKP ) on Thursday reported a higher than expected profit for the first quarter, helped by double-digit growth in its AI-powered security platform, which constituted more than 13% of total revenue. The Israeli-based company said it earned $2.04 per diluted share excluding one-off items in the January-March quarter, up 13%...

09:02 AM EDT, 04/25/2024 (MT Newswires) -- (Updates with a response from TikTok in final paragraphs) US President Joe Biden Wednesday signed legislation to block users in the US from accessing TikTok unless the parent company of the social media platform in China agrees to sell within the coming months. The measure was included as part of a broader package...

April 25 (Reuters) - Investment firm Shareholder Capital sent a letter to drugmaker Vanda Pharmaceuticals' ( VNDA ) board on Thursday asking it to reconsider Future Pak's takeover offer. On April 17, Vanda rejected contract manufacturer Future Pak's offer of $7.25 to $7.75 per share in cash, and adopted a shareholder rights plan to avert a hostile takeover attempt. Shareholder...

NEW YORK, April 25 (Reuters) - The private equity owner of Sauer Brands is exploring a sale of the 137-year-old maker of condiments and spices that could value it at more than $1 billion, including debt, according to people familiar with the matter. Richmond, Virginia-based Sauer, which was founded in 1887 and is known for its Duke's Mayonnaise brand, is...