Summary: CK Asset Holdings Ltd., owned by billionaire Li Ka-shing, becomes the largest institutional shareholder in robotics-driven warehouse startup NEXX Global Ltd., founded by former JPMorgan Chase & Co. banker Houston Huang.
Full articleSummary: Noteworthy options trading volume seen in United Parcel Service Inc (UPS) within Russell 3000 index.
Full articleSummary: Two men broke into a Walmart in Milledgeville, Georgia, and stole over $10,000 worth of Apple devices from a security cage.
Full articleSummary: Boeing is reallocating engineers from the X-66A project to support commercial development programs and speed up deliveries of existing jets to meet customer commitments and ramp up production.
Full articleSummary: Support for proposed amendments to the FDIC’s Bank Secrecy Act (BSA) Compliance Rule, with a suggestion for further enhancements and exploration of innovative approaches.
Full articleSummary: Disney employees were deceived into selling their homes and relocating to Florida for a project that was later canceled by the company, leaving them stranded with diminished property values.
Full articleSummary: PepsiCo Design & Innovation Team creates Doritos Rainbow Limited Edition packaging to support LGBTQ+ community and diversity, receiving a Good Design Award for 2023.
Full articleSummary: Analysts maintain Buy ratings on Pfizer with price targets set at $45.00 and company shares closing at $27.74. Pfizer received Buy ratings from Cantor Fitzgerald and Jefferies's analysts, but a Hold rating from Barclays. The latest earnings report shows a decrease in revenue and net profit compared to the previous year.
Full articleSummary: Oracle will invest over $1 billion in AI and cloud computing in Spain, including opening a third cloud region in Madrid and partnering with Telefonica España.
Full articleSummary: Colgate-Palmolive (India) Ltd. traded 0.63% down with increased net sales and profit for the latest quarter.
Full articleSummary: Colgate-Palmolive (India) Ltd. stock traded 0.63% down with a 52-week high of Rs 3068.95 and 52-week low of Rs 1625.0. The company reported consolidated net sales of Rs 1512.66 crore for the quarter ended 31-Mar-2024.
Full articleSummary: The merger between Chevron and Hess Corp. may be delayed until next year due to an arbitration panel dispute with Exxon over stake in Guyana offshore assets.
Full articleSummary: Shares of Colgate-Palmolive (India) Ltd. fell 0.63% to Rs 2836.8 in Friday's session as Sensex traded lower. The company reported improved sales and net profit for the latest quarter.
Full articleSummary: Texas Instruments partners with Delta Electronics to develop next-generation electric vehicle onboard charging and power solutions in Taiwan. The collaboration includes three phases focusing on lighter-weight chargers, improved power efficiency, automotive safety integrity levels, and gallium nitride technology.
Full articleSummary: Emerson Electric Co. carries a net debt of about US$8.45b, with liabilities exceeding cash and short-term receivables by US$13.5b, but its strong interest cover of 1k times and moderate debt use indicate manageable debt levels. The company's ability to pay down debt is supported by sturdy free cash flow equating to 61% of its EBIT.
Full articleSummary: Comcast Smart Solutions partners with Quantela and Creative Realities, Inc. to develop smart digital signage solutions for businesses and communities.
Full articleSummary: Apple released the first iOS 17.6 beta to public beta testers without any significant new features, with a focus on bug fixes and security patches. The company has already shifted focus to the upcoming iOS 18, which was announced at WWDC 2024.
Full articleSummary: The article discusses the negative impact of AI companies like Perplexity stealing content from publishers and offers a positive vision for the future of the internet where AI companies and creators work together. It highlights the unethical practices of Perplexity in using copyrighted materials and suggests new business models that pay creators for the content used by AI companies.
Full articleSummary: FedEx is leading the way in E-commerce & Cybersecurity for India under President Kami Viswanathan
Full articleSummary: Compass Group Plc announced a non-discretionary agreement to purchase up to a market equivalent of $250 million of its ordinary shares, part of a $500 million share buyback plan announced last year.
Full articleSummary: Starbucks Korea and Korea Tourism Organization partnered to host a hospitality event at Starbucks Daegu Jongno Gotaek store, welcoming over 90 foreign tourists as part of efforts to showcase Korea.
Full articleSummary: Home Depot Inc. announces changes in senior executive roles and completes an $18.25 billion acquisition of SRS Distribution to boost growth in building supplies. The company reported a 2.3% drop in net sales for the fiscal first quarter but is optimistic about expanding its market.
Full articleSummary: Arbitration panel delays decision on $53B sale of Hess to Chevron as final arbitrator remains unappointed, impacting Exxon Mobil's right of first refusal over Hess' Guyana operations. The market is uncertain about Exxon's intentions and the process has been stalled.
Full articleSummary: Global Infrastructure Partners (GIP) reiterates that BlackRock Inc is not involved in the privatisation of Malaysia Airports Holdings Bhd (MAHB) through Gateway Development Alliance (GDA). GIP emphasizes that the existing leadership team will retain control over strategic direction post acquisition.
Full articleSummary: BlackRock, the buyer of Global Infrastructure Partners (GIP), will not be involved in the privatisation of Malaysia Airports due to criticism in Malaysia over alleged ties to Israel. GIP confirmed that it would retain full control and responsibility for its operations. Malaysian Prime Minister Anwar Ibrahim dismissed claims that 25% of MAHB would be owned by a pro-Zionist company.
Full articleSummary: Analysts are skeptical about Nike's short-term improvement, citing challenges in sales trends and leadership issues. Market watchers have noted a decline in share across crucial categories like running, despite cost-saving measures and new innovation pipeline. Some analysts highlight declines in key product lines like Air Force 1, Air Max, Dunk, and Jordan.
Full articleSummary: Hollywood Radio & Television Society (HRTS) has new leadership with Tim McNeal as President and David Madden as Chair, along with new members in the Executive Board.
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