SAN FRANCISCO, July 16 Reuters If Alphabet39;s Google is successful in its effort to buy cloud security company Wiz, it would bolster its cloud security offerings for large organisations, a hotspot for hackers, and help it take on cloud rivals Amazon.com and Microsoft, experts said. Alphabet is in advanced talks to acquire Wiz, a person familiar with the […]

July 16 Reuters UnitedHealth on Tuesday forecast a bigger hit to earnings this year from a February hack at its tech unit, as it rolls out loans to support affected healthcare providers and records higher expenses from notifying customers. Shares of the company fell 2.4 despite a beat on secondquarter profit as the health insurance titan […]

July 16 Reuters Bank of America39;s profit fell in the second quarter as its income from interest on loans shrank and it set aside more money to cover potential credit losses. A betterthanexpected forecast for fourthquarter net interest income NII, however, sent shares up 1 in premarket trade. The strength and earnings power of our leading […]

NEW YORK, July 15 Reuters Goldman Sachs39; profit more than doubled in the second quarter and beat analysts39; estimates on strong debt underwriting and fixedincome trading, but slipped from a bumper first quarter when earnings were the highest since 2021. The resilience of the U.S. economy has given corporate executives the confidence to pursue acquisitions, debt sales and […]

July 16 Reuters PNC Financial reported an increase in secondquarter profit on Tuesday as higher fees from underwriting and advising on deals helped the bank offset a decline in interest income. Lenders are seeing investment banking revenue recover after a dry spell that lasted roughly two years due to rising interest rates. Corporate clients are also […]

LONDON, July 16 Reuters Vanquis Banking Group on Tuesday warned investors it did not expect to meet its goal to deliver a low singledigit return on tangible equity for its full year, as it tackles an indepth balance sheet review and challenging trading. Chief Executive Ian McLaughlin said the comprehensive review of the lender39;s finances had […]

MADRID, July 16 Reuters Spanish train maker Talgo said on Tuesday it received a merger offer from Czech rival Skoda four months after Hungarian consortium GanzMavag launched a public tender offer for all Talgo shares. Skoda, which is unrelated to the car maker owned by Germany39;s Volkswagen, made an offer of business combination and industrial merger […]