Reuters

(Reuters) - NetApp topped fourth-quarter revenue estimates on Thursday on strong demand for its cloud-based data management services, while the company also approved a new share buyback plan worth an additional $1 billion.

Enterprise spending on cloud has remained robust as businesses upgrade their technology infrastructure, while advances in artificial intelligence have boosted demand for cloud computing.

Companies are increasingly... (continue reading...)

By Huw Jones

LONDON (Reuters) -Global shares were little changed on Friday in subdued trading as investors hunkered down for key U.S inflation figures that will shape the Federal Reserve's thinking on interest rates when it meets mid-June.

The dollar was steady against peer currencies ahead of the U.S. inflation data. [US/] [FRX/]

Oil was slightly weaker after Fed officials said it was too soon to start considering rate cuts,... (continue reading...)

By Ross Kerber

(Reuters) -Top proxy advisory firm ISS recommended Tesla shareholders vote against ratifying CEO Elon Musk's $56 billion pay package, calling the compensation excessive in a rejection of the plan set by the electric vehicle maker's board.

In a report sent by a representative late on Thursday, Institutional Shareholder Services (ISS) also recommended a vote against Tesla director James Murdoch, but backed votes for director... (continue reading...)

By Joice Alves

LONDON (Reuters) -The dollar firmed on Friday as traders await key inflation data after a downward revision to first-quarter U.S. economic growth suggested the Federal Reserve could still be on track to cut interest rates this year.

Meanwhile, the euro edged lower ahead of euro zone inflation data due at 0900 GMT, which could firm expectations for an European Central Bank rate cut next week.

Investors are... (continue reading...)

By Georgina McCartney and Colleen Howe

(Reuters) -Oil prices fell in Asia on Friday as comments from a Federal Reserve official bolstered expectations of rates staying higher for longer, a view that will be tested later in the day with a keenly-awaited U.S. inflation report.

The market, which is waiting on a weekend OPEC+ decision on production cuts, was weighed down in overnight trade by a surprise build in U.S. gasoline stocks.