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Google is reviving plans to launch its own news website in Australia within weeks, according to a local media outlet contracted to provide articles for the venture, as the search giant fights world-first proposed laws on content payments. The launch of the News Showcase product as early as next month is Google’s latest tactic in...
Intel launched an investigation after a hacker reportedly stole part of its quarterly earnings report, forcing the computer-chip maker to publish its results early. Chief financial officer George Davis told the Financial Times that an infographic from its earnings release was hacked from the company’s PR website. Intel said it is probing reports of the unauthorized access, which Davis reportedly described as an illicit action that didn’t involve the company unintentionally releasing any material. “Once we became aware of these reports, we made the decision to issue our earnings announcement a brief time before the originally scheduled release time,” Intel said in a statement. California-based Intel usually releases its quarterly reports once the stock market closes at 4 p.m. Eastern time, but the company published its October-to-December results nine minutes ahead of schedule as a result of the leak. Intel’s stock price surged in the minutes before the closing bell and ended the day up 6.4 percent after the early release. The report forecast adjusted sales of $17.5 billion for the first quarter, beating Wall Street’s expectations. But the shares tumbled as much as 9.1 percent to $56.77 on Friday after incoming CEO Pat Gelsinger said he was “confident” that
Bed Bath & Beyond misses Wall Street estimates in the fiscal third quarter. The retailer named Patty Wu as the new general manager of its Buy Buy BABY brand. Bed Bath & Beyond gained close to 7% in the stock market last year. Bed Bath & Beyond Inc (NASDAQ: BBBY) reported its financial results for the fiscal third quarter on Thursday that came in weaker than what analysts had anticipated. The company attributed the decline to the COVID-19 restrictions that weighed on foot traffic at its stores in recent months. The Coronavirus pandemic has so far infected more than 21 million people in the United States and caused over 370 thousand deaths. The retailer named Patty Wu as the new general manager of its Buy Buy BABY brand on Wednesday. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Bed Bath & Beyond Q3 financial results versus analysts estimates Bed Bath & Beyond reported £55.61 million of net loss in the third quarter that translates to 44.99 pence per share. In the same quarter last year, the retailer had recorded a significantly lower £28.47 million of loss or 22.86 pence per share.