12:24 PM EDT, 06/05/2025 (MT Newswires) -- (Updates with stock movement in the headline and the first paragraph.) Ciena (CIEN) shares were down 13% in recent Thursday trading after the company reported fiscal Q2 adjusted earnings that increased year-over-year but fell short of analysts' expectations. The networking and software company reported fiscal Q2 adjusted net income of $0.42 per diluted...

12:27 PM EDT, 06/05/2025 (MT Newswires) -- Yum! Brands ( YUM ) has filed a complaint in US Tax Court against Internal Revenue Service, alleging that the agency wrongly adjusted the company's 2013-15 taxes to impose tax and penalties of $4 billion on the company's 2014 reorganization, Bloomberg reported Thursday. In the suit filed on Wednesday, the company is contending...

BRUSSELS (Reuters) -The European Union could approve its planned trade deal with South American bloc Mercosur before summer, but it has not yet fixed a date to do so, EU agriculture commissioner Christophe Hansen told Reuters on Thursday. It could be before summer, Hansen said in an interview. EU nations still need to approve the deal, which was finalised in...

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,...