Ericsson reported second-quarter fiscal 2024 results. The stock price climbed after the print. Sales declined 7% year-over-year to 59.8 billion Swedish Krona. In USD, sales of $5.597 billion beat the analyst consensus estimate of $5.363 billion. The sales decline was due to an 11% decrease in Networks. Group organic sales declined by 7% Y/Y. Organic sales were stable in Cloud Software and...

BRUSSELS, July 12 (Reuters) - Elon Musk's social media company X breached EU online content rules, EU tech regulators ruled on Friday in a finding that could lead to a fine and significant changes in how it operates. The move by the European Commission follows a seven-month long investigation under the Digital Services Act (DSA) which requires very large online...

BRUSSELS, July 12 (Reuters) - U.S. grains merchant Bunge and Glencore ( GLCNF )-backed Viterra have offered concessions in an attempt to win EU antitrust approval for their $34 billion merger, an update on the European Commission website showed on Friday. The companies announced their merger a year ago to rival global giants Archer-Daniels-Midland ( ADM ) and Cargill ....

NEW YORK (Reuters) - U.S. companies releasing quarterly results in the coming weeks face investors who expect no less than stellar growth, with estimates particularly high for Wall Street technology heavyweights such as Nvidia and Microsoft. Stocks have rallied in recent weeks, partly on the view that tech-related megacaps and other U.S. companies can deliver earnings strong enough to support...