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profit

Toshiba appoints ex-banker as CEO, forecasts first profit in four years
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TOKYO (Reuters) – Toshiba Corp appointed a former banker from a key creditor bank as CEO and forecast its first annual profit in four years, making progress in its efforts to recover from billions of dollars in losses at its U.S. nuclear unit Westinghouse. Nobuaki Kurumatani, a former executive of Sumitomo Mitsui Financial Group, will […]

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Akamai revenue, profit top estimates on robust cloud demand
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(Reuters) – Akamai Technologies Inc’s (AKAM.O) profit and revenue topped analysts’ estimates on Tuesday, and the company said it had cut about 400 positions, or 5 percent of its global workforce. The company’s shares were up 8.2 percent at $68.87 in extended trading. Activist investor Elliott Management, which has disclosed a 6.5 percent stake, would […]

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