 | | | | Lawyers for the Justice Department and Alphabet's (GOOGL.O) Google tangled on Thursday over whether the company should hand over performance reviews of executives whom the government is considering calling as witnesses. | | | | | | Membership-only retail chain Costco Wholesale Corp (COST.O) beat Wall Street estimates for quarterly revenue on Thursday, helped by strong demand for high-margin items, such as jewelry and home furnishing goods, as customers returned to its stores. | | | | | | Dell Technologies Inc (DELL.N) beat Wall Street estimates for quarterly revenue on Thursday as demand for its notebooks and software products was fueled by a pandemic-led remote working environment. | | | | | | U.S. stocks advanced slightly on Thursday, as data showing improvement in the labor market helped bolster expectations in the economic recovery and spurred a minor rotation towards stocks seen as more likely to benefit from the rebound. | | | | | | Gap Inc (GPS.N) raised its forecast for annual sales and profit, expecting an unabated surge in demand for new apparel as more people begin to step out and socialize after a year of hunkering down at home due to the pandemic. | | | | | | Last December, when a week-old hedge fund named Engine No. 1 challenged Exxon Mobil to change its ways, laughter echoed through Wall Street circles, from the fund's name that recalled a famous children's book to its tiny, then-$40 million stake in what was once the world's largest publicly traded company. | | | | | | Salesforce.com Inc (CRM.N) reported quarterly revenue on Thursday that beat analysts' estimates, helped by increased demand for its cloud-based software following a pandemic-led shift to remote work. | | | | | | U.S. stocks advanced slightly on Thursday, as data showing improvement in the labor market helped bolster expectations in the economic recovery and spurred a minor rotation towards stocks seen as more likely to benefit from the rebound. | | | | | | General Electric Co (GE.N) expects negative cash flow in the current quarter, Chief Financial Officer Carolina Dybeck Happe said at a Wolfe Research Transportation and Industrials Conference on Thursday. | | | | | | Reuters News postponed the launch of its website paywall following a dispute with financial data provider Refinitiv over whether the move would breach a news supply agreement between the two companies. | | | | | |
