Reuters UK/EU

Billionaire Eddie Lampert ordered to pay $18 million to Sears Hometown investors

WILMINGTON, Delaware (Reuters) – Billionaire Eddie Lampert must pay $18 million to shareholders of Sears Hometown and Outlet Stores Inc for short-changing them in 2019 when he bought out minority investors in the company he controlled, a Delaware judge ruled on Wednesday. Vice Chancellor Travis Laster, the judge on Delaware’s Court of Chancery, said Lampert …

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IBM forecasts annual revenue growth above estimates on AI adoption rush

By Arsheeya Bajwa (Reuters) -IBM forecast full-year revenue growth above market estimates on Wednesday, banking on stable demand for its IT software and consultancy services from businesses looking to adopt artificial intelligence (AI). Shares of the company were up more than 8% in extended trading. The company will also lay off some employees in 2024 …

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IBM forecasts annual revenue growth above estimates on AI adoption rush

By Arsheeya Bajwa (Reuters) -IBM forecast full-year revenue growth above market estimates on Wednesday, banking on stable demand for its IT software and consultancy services from businesses looking to adopt artificial intelligence (AI). Shares of the company were up more than 8% in extended trading. The company will also lay off some employees in 2024 …

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Seagate sees Q3 revenue in line with market estimates on recovering PC market

By Yamini Kalia (Reuters) – Seagate Technology forecast its third-quarter revenue in line with analysts’ estimates on Wednesday, in a sign that the ongoing recovery in the personal computer (PC) and cloud market will aid demand for its data storage products. The introduction of artificial intelligence-powered PCs this year and a stabilizing economy are expected …

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Soccer-Diaz delivers as Liverpool reach League Cup final after 1-1 draw with Fulham

LONDON (Reuters) -Luis Diaz scored an early goal to put Liverpool back in familiar territory after booking their berth in the club’s 14th League Cup final with a 1-1 draw with Fulham in the second leg of their semi-final tie at Craven Cottage on Wednesday. The record nine-times League Cup winners beat Fulham 3-2 on …

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‘Zombie knives’ to be banned in England and Wales from September

LONDON (Reuters) – So-called “zombie knives” and machetes will be banned in England and Wales from September, the British government said on Wednesday, making it illegal to possess, sell, manufacture or transport them as it seeks to assuage concerns over knife crime. Legislation will be introduced to parliament on Thursday, the Home Office said, with …

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‘Zombie knives’ to be banned in England and Wales from September

LONDON (Reuters) – So-called “zombie knives” and machetes will be banned in England and Wales from September, the British government said on Wednesday, making it illegal to possess, sell, manufacture or transport them as it seeks to assuage concerns over knife crime. Legislation will be introduced to parliament on Thursday, the Home Office said, with …

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