12:11 PM EDT, 09/20/2024 (MT Newswires) -- FedEx ( FDX ) likely faces a greater earnings risk over the long term than previously expected, given the extent of its fiscal first-quarter miss and a potentially steep recovery path, Morgan Stanley said Friday. Late Thursday, the parcel delivery company reported first-quarter adjusted earnings of $3.60 a share on revenue of $21.6...

12:35 PM EDT, 09/20/2024 (MT Newswires) -- Cardinal Health ( CAH ) agreed to buy Integrated Oncology Network for $1.12 billion in cash, as part of its efforts to strengthen its specialty and oncology portfolio. The transaction is estimated to be accretive to Cardinal's adjusted earnings on a per-share basis after 12 months of completion. The company did not provide...

NAIROBI, Sept 20 (Reuters) - A Kenyan court ruled on Friday that Facebook's parent company Meta could be sued in the East African nation over the dismissal of dozens of content moderators by a contractor. Last year the content moderators sued Meta and two contractors, saying they lost their jobs with Sama, a Kenya-based firm contracted to moderate Facebook content,...

(Reuters) -Constellation Energy and Microsoft have signed a data center deal to help resurrect a unit of the Three Mile Island nuclear plant in Pennsylvania in what would be the first-ever restart of its kind, the companies said on Friday. Big tech has led to a sudden surge in U.S. electricity demand for data-centers needed to expand technologies like artificial...