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Australia’s corporate regulator probing failed $5 billion Firmus IPO

By Scott Murdoch SYDNEY, Oct 29 (Reuters) – Australia’s corporate regulator said on Thursday it was probing the failed $5 billion initial public offering of AI data centre operator Firmus. Australian Securities and Investments Commission Chair Sarah Court said the regulator was yet to launch an offi

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Samsung posts record profit in Q3 on AI chip boom

(Corrects period in paragraph 2 to July-to-September, not July-to-October) SEOUL, Oct 29 (Reuters) – Samsung Electronics said on Thursday its operating profit rose nearly ninefold to a record high in the third quarter, driven by robust demand for AI chips, even as investors remained wary about the d

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Samsung posts record profit in Q3 on AI chip boom
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Microsoft cloud revenue beats estimates in sign that AI bet is paying off

Oct 28 (Reuters) – Microsoft surpassed expectations for quarterly cloud revenue on Wednesday, signaling that its hefty AI investments were paying off at a time Wall Street grows increasingly wary of Big Tech’s debt-fueled spending. The software and cloud company’s free cash flow also exceeded expect

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Microsoft cloud revenue beats estimates in sign that AI bet is paying off
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Alphabet shares fall after revenue miss, cash burn worsens

Oct 28 (Reuters) – Google parent Alphabet on Wednesday missed Wall Street revenue expectations as heavy AI spending accelerated its cash burn, sending its shares down about 8% in extended trading. The tech giant reported negative free cash flow of $9.07 billion, compared with analyst expectations th

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Alphabet shares fall after revenue miss, cash burn worsens
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Rams re-sign Joshua Karty as backup plan for troubled kicking game

By Field Level Media Oct 28 (Field Level Media) – The Los Angeles Rams made a preemptive strike Wednesday, adding former kicker Joshua Karty to the practice squad as a backup plan for their troubled special teams. A former sixth-round draft pick by the Rams in 2024 out of Stanford, Karty was eight g

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Rams re-sign Joshua Karty as backup plan for troubled kicking game
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Gen Digital raises annual revenue forecast on strong cybersecurity demand

By Prathik Jayaprakash Oct 28 (Reuters) – Gen Digital raised its annual revenue forecast on Wednesday, signaling sustained demand for its cybersecurity offerings as consumers seek protection from increasingly sophisticated online threats. Shares of the company rose about 7% in extended trading. Here

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Serve launches robot deliveries in Australia in first international push

Oct 28 (Reuters) – Serve Robotics on Wednesday said it is rolling out its sidewalk robot delivery service in Australia, the company’s first international market, adding it would also invest about $500,000 in the region over the next year. The rollout is in partnership with food delivery platform Doo

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Spanish town rallies to help victims of deadly train crash

By David Latona URDA, Spain, Oct 28 (Reuters) – Shocked residents of Urda swung into action to help as soon as they heard of Wednesday’s deadly train crash on the railway line a few kilometres from the normally sleepy Spanish town. Urda’s 78-year-old pharmacist said he was one of the first on the sc

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Spanish town rallies to help victims of deadly train crash
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Oracle expects to turn cash flow positive in second half of fiscal 2028

Oct 28 (Reuters) – Oracle expects free cash flow to turn positive in the second half of fiscal 2028 and exceed $30 billion in fiscal 2029 as capital spending declines, CFO Hilary Maxson said, offering some relief to investors concerned about its hefty AI outlays. Shares of the company, down by aroun

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Oracle expects to turn cash flow positive in second half of fiscal 2028
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In Ukraine’s Kherson, brief ceasefire brings rare respite

By Yurii Kovalenko KHERSON, Ukraine, Oct 28 (Reuters) – Years of near-daily Russian drone and artillery attacks have turned the southern Ukrainian city of Kherson into a battered urban landscape where death is never far away. On Wednesday, however, the residents who remain ventured cautiously into s

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In Ukraine’s Kherson, brief ceasefire brings rare respite
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Analysis-Israel’s election gives survivor Netanyahu a path to keep power

By Samia Nakhoul DUBAI, Oct 28 (Reuters) – Prime Minister Benjamin Netanyahu pulled ahead on Wednesday as votes were counted in Israel’s election, but the loss of a parliamentary majority leaves his path to another term dependent on drawing rivals into a coalition. With the turnout in Tuesday’s elec

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Analysis-Israel’s election gives survivor Netanyahu a path to keep power
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Explainer-What’s at stake for Trump in Israel’s deadlocked election?

By Matt Spetalnick WASHINGTON, Oct 28 (Reuters) – With Israel’s election yielding no clear winner, President Donald Trump could face prolonged uncertainty over who will lead Washington’s closest Middle East ally as he confronts challenges from Iran and Gaza across the region. Prime Minister Benjamin

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Explainer-What’s at stake for Trump in Israel’s deadlocked election?
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Boston Scientific warns of tough 2027 on China pricing, heart-device weakness

By Padmanabhan Ananthan Oct 28 (Reuters) – Boston Scientific lowered its full-year profit forecast on Wednesday and warned that revenue and earnings growth could be challenging in 2027, citing pricing pressure in China and weakness in its key heart-device businesses. Shares of the company were down

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Boston Scientific warns of tough 2027 on China pricing, heart-device weakness
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German startup NVision shows new path to quantum computing chips in Nature paper

(Corrects paragraph 2 to reflect that NVision has raised $120 million from public and private sources, not $155 million) By Stephen Nellis SAN FRANCISCO, Oct 28 (Reuters) – German startup NVision on Wednesday published a paper in the scientific journal Nature showing a new way to make quantum comput

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Trump Administration Grants Flávio Bolsonaro Visa After Election Loss

The Trump administration on Tuesday will grant a visa to failed Brazilian presidential candidate Flávio Bolsonaro, who fled Brazil for fear that he would face criminal charges and probes in a number of corruption cases involving him and his family. “The State Department will issue visas to Flavio Bo

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Rubio touring Texas with Trump as the President Rallies Supporters

President Donald Trump and Secretary of State Marco Rubio on Tuesday plan to visit Texas, where they will visit an oil tanker filled with Venezuelan crude, according to a U.S. official granted anonymity to talk about the plans. The visit to the oil tanker comes the same day Trump is set to rally sup

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SPORTS HEADLINES

Top Sports Headlines*** >>Rays Fight Back To Beat Brewers; Stave-Off WS Elimination (St. Petersburg, FL) — The Rays are still alive in the World Series. Ben Williamson chopped a pinch-hit single to drive-in the game-winning run in the bottom of the 12th inning of a 4-3 victory. Jonny DeLuca tied thi

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Dropbox plans 9% workforce cut, technology chief to exit

Oct 28 (Reuters) – File hosting service Dropbox said on Wednesday it would cut its global workforce by about 9% to align investments with its top product and growth priorities, according to a regulatory filing. Here are some more details: • The cloud storage company estimates the layoffs will cost $

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Dropbox plans 9% workforce cut, technology chief to exit
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Telenor sees AI shoppers testing its premium mobile pitch

By Agnieszka Olenska and Jesus Calero Oct 28 (Reuters) – Telenor’s efforts to persuade mobile customers to pay more for network quality and security services could face a new test from AI shopping agents expected to focus heavily on price, executives said on Wednesday. The Norwegian operator’s “more

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Telenor sees AI shoppers testing its premium mobile pitch
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Melexis CEO says China now beats Europe in new design wins

October 28 (Reuters) – Belgian chipmaker Melexis now records more design wins in China than in Europe, CEO Marc Biron said on Wednesday, underscoring the growing importance of the Chinese market for the company despite broader concerns about geopolitical tensions and supply chains. “Four years ago w

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Melexis CEO says China now beats Europe in new design wins
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Amazon unveils new lineup of Alexa devices including redesigned Echo Show

Oct 28 (Reuters) – Amazon.com on Wednesday unveiled five new Alexa-powered devices including a redesigned Echo Show 16 smart display and a photo frame with built-in Alexa, as it pushes its latest version of the voice assistant into customers’ homes. Here are more details: • The Echo Show 16, which h

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Amazon unveils new lineup of Alexa devices including redesigned Echo Show