10:09 AM EDT, 06/24/2025 (MT Newswires) -- PepsiCo's ( PEP ) revenue problems are expected to continue this year and likely to get worse before they get better, RBC Capital Markets said in a note Tuesday. RBC cautioned investors that the significant underperformance of the food company's stock does not mean it's a good time to buy. Shares of PepsiCo...

Shares of Gorilla Technology Group Inc ( GRRR ) are surging Tuesday morning, rising over 17% to $23.96 after announcing a definitive agreement to acquire Thai technology providers CNS and its subsidiary CANS. The deal, with undisclosed financial terms, is expected to close this summer. What To Know: The company says this acquisition significantly boosts Gorilla’s presence in Southeast Asia,...

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,...

10:15 AM EDT, 06/24/2025 (MT Newswires) -- Microsoft ( MSFT ) will reduce its Xbox division workforce next week amid a company-wide reorganization, Bloomberg reported Tuesday, citing people familiar with the plans. This would mark the fourth major round of layoffs at Xbox in the past 18 months, the report said. Xbox division management expects substantial group-wide reductions, the report...