11:59 AM EDT, 05/01/2025 (MT Newswires) -- Meta Platforms ( META ) delivered an impressive Q1 report, with one of the few concerns being a higher capital expenditure, or CapEx, outlook, now expected to reach $72 billion, RBC Capital Markets said in a note Thursday. Analysts, including Brad Erickson, said the tech giant raised its full-year 2025 CapEx guidance to...

11:58 AM EDT, 05/01/2025 (MT Newswires) -- Microsoft ( MSFT ) reported solid fiscal Q3 results, with its cloud platform Azure posting growth above estimates, RBC Capital Markets said in a note emailed Thursday. RBC highlighted Microsoft's ( MSFT ) profitability and revenue for the quarter that were also above consensus, indicating a strong start to H2. Revenue contributions from...

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,...

11:15 AM EDT, 05/01/2025 (MT Newswires) -- Greif ( GEF ) said Thursday it will permanently close its Los Angeles paperboard mill by June as part of its restructuring efforts. The closure will remove 50,000 tons of coated recycled paperboard capacity and 22,000 tons of uncoated recycled paperboard capacity from the market, the company said. About 72 employees will be...