Summary: The Home Depot has acquired SRS Distribution for $18.25 billion earlier than expected, boosting the total addressable market to approximately $1 trillion.
Full articleSummary: Greece to launch its inaugural sovereign wealth fund named National Investment Fund with the assistance of BlackRock's Financial Markets Advisory. The fund will focus on new technologies and green investments, investing mainly in Greek companies.
Full articleSummary: Investors are more bullish on Colgate-Palmolive (NYSE:CL) this week as the stock rises 3.7%, despite earnings trending downwards over the past five years.
Full articleSummary: Over 550,000 myCharge POWER HUB portable chargers sold at Costco have been recalled due to overheating issues leading to potential fire hazards. The recall includes three models with various date codes, with 120 reports of chargers overheating and causing property damage.
Full articleSummary: Survey by IBM Institute for Business Value and Oxford Economics reveals that Indian CEOs believe effective AI governance is necessary for integrating trusted artificial intelligence within organizations. CEOs are facing challenges in adapting workforce, transforming company culture, and establishing governance structures for AI development and deployment.
Full articleSummary: Missouri Attorney General Andrew Bailey filed a lawsuit against IBM, accusing the company of engaging in discriminatory hiring practices through its diversity, equity, and inclusion policies.
Full articleSummary: A group fight at a Chevron gas station in Harris County, Texas, led to one person being shot by another individual, with the victim's condition remaining unknown.
Full articleSummary: PayPal hires Walmart executive Srini Venkatesan as chief technology officer to lead its AI push following the departure of current CTO Archie Deskus.
Full articleSummary: Tesla bull Adam Jonas of Morgan Stanley believes that Elon Musk's Master Plan Part 4 could revolutionize Tesla as a business by focusing on AI, robotics, and services rather than just cars.
Full articleSummary: Wells Fargo Foundation announced a $500,000 grant for NHS Chicago Flats Initiative supporting housing preservation and affordability programs in Chicago.
Full articleSummary: Gilead Sciences Inc. achieves a clear win in phase III interim analysis for lenacapavir, an injectable HIV-1 capsid inhibitor, exhibiting 100% efficacy as an HIV blocker for cisgender women.
Full articleSummary: Health-care company stocks rose due to positive developments from Gilead Sciences and efforts by Eli Lilly to combat fake weight-loss drugs.
Full articleSummary: The NYSE has announced that it will delist four securities of the State of California due to market value/principal amount less than $1,000,000. Trading on these securities will be suspended immediately.
Full articleSummary: PepsiCo broke ground on a $160 million salty snacks plant in Kazakhstan, aiming to produce 16,000 tons of products annually with plans for expansion. The company received substantial support from the local government for the investment and is working with local farmers for sourcing specific potatoes.
Full articleSummary: 600,000 myCharge Power Hub All-in-One portable chargers are being recalled due to overheating issues, posing fire and burn hazards.
Full articleSummary: Local Bounti has been granted an 18-month grace period by the NYSE to regain compliance with continued listing standards after falling below the market capitalization and stockholders' equity thresholds.
Full articleSummary: Dow Inc. acquires Circulus, a leading recycler of polyethylene waste, to boost mechanical recycling offerings and add capacity of 50,000 metric tons of recycled materials annually.
Full articleSummary: PayPal appoints Srini Venkatesan, a former top tech executive at Walmart, as its new Chief Technology Officer (CTO) to lead advancements in AI and other key technology areas.
Full articleSummary: 1. Walmart (WMT) is benefiting from its omni-channel initiatives and growth in delivery services, with some concerns due to inflation challenges and high expenses. 2. Exxon Mobil (XOM) has seen outperformance driven by strategic oil discoveries, shareholder returns focus, and notable acquisitions, but faces challenges in volatile oil prices and dividend yields. 3. Danaher Corporation (DHR) has demonstrated strength in the life sciences segment, value return to shareholders, and synergies from acquisitions, but is troubled by weaknesses in certain business units and forex headwinds.
Full articleSummary: Investment Committee shares their top stocks to watch for the second half: Electronic Arts, Chevron, Adobe, and Flex LNG.
Full articleSummary: PayPal appoints Srini Venkatesan as Chief Technology Officer, effective June 24. Venkatesan will lead technology development and implementation across PayPal's ecosystem.
Full articleSummary: Honeywell International purchases aerospace and defense contractor CAES Systems Holdings for $1.9 billion. CAES acquisition expected to enhance Honeywell's defense technology offerings and boost established platforms.
Full articleSummary: Baltimore Mayor Brandon Scott announced a lawsuit against PepsiCo, Coca-Cola, Frito-Lay, and plastic manufacturing companies for their roles in creating a plastic pollution crisis.
Full articleSummary: The article discusses the positive outcome of a 5-year 'buy-and-hold' investment strategy in ConocoPhillips (NYSE: COP), highlighting a total return of 116.51% and an average annual return of 16.71%.
Full articleSummary: Honeywell has acquired CAES, a radar and defense technology specialist formerly part of Cobham.
Full articleSummary: Return on equity (ROE) for Ford Motor Company is calculated at 9.3%, lower than the industry average of 19%. The company has high debt to equity ratio of 3.48, which is a negative sign for its ROE.
Full articleSummary: Leigh-Ann Russell, an executive from BP, will become the new Chief Information Officer and global head of engineering at BNY, replacing the current CIO Bridget Engle.
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