Summary: Caterpillar Inc. is implementing new guidelines on external sponsorships and donations as part of a review of its DEI initiatives following threats from an anti-diversity activist.
Full articleSummary: Transportation Secretary Pete Buttigieg expressed optimism about reaching an agreement in the labor dispute at Boeing involving 30,000 striking machinists, impacting production of its 737 MAX and other airplanes.
Full articleSummary: Warren Buffett made new investments in Heico and Ulta Beauty, both of which are not undervalued according to their Price/Earnings ratios. He also increased his positions in Occidental Petroleum, Chubb, Liberty SiriusXM Group Class A, and Liberty SiriusXM Group Class C, which are considered undervalued based on their industry averages.
Full articleSummary: Starbucks Corp. prohibited from enforcing rule on workers distributing union pins in workplace break rooms after National Labor Relations Board deems it unlawful.
Full articleSummary: Brightband, a newly funded startup, is leveraging AI to revolutionize weather forecasting by training machine learning models on years of weather patterns and observations worldwide.
Full articleSummary: Boeing is distributing furlough notices to white-collar employees in the St. Louis area due to a cash squeeze potentially affecting the company's investment-grade rating.
Full articleSummary: Chase disclaims responsibility for products, services, and content on third-party sites
Full articleSummary: McDonald's Korea's marketing campaign for Jindo Green Onion Cream Croquette Burger wins a bronze award at APAC Effie Awards 2024.
Full articleSummary: Wells Fargo introduces two new credit card options with attractive features such as 0% intro APR, cash rewards, and cell phone protection. Additionally, Choice Privileges announces a new Mastercard with generous reward points and a sign-up bonus.
Full articleSummary: The United Auto Workers union has set a strike deadline at Ford's tool and die unit in the River Rouge Complex over local contract issues. Negotiations continue with core issues including job security, wage parity, and work rules.
Full articleSummary: Intel unveiled the box design of its upcoming Arrow Lake CPU series, showcasing a dark blue rectangular box with 'ULTRA' branding under 'Intel CORE' and '9' at the top right.
Full articleSummary: Apple has released public beta 1 for iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1, implementing a waitlist system for Apple Intelligence features.
Full articleSummary: The European Union plans to compel Apple to open up its iPhone and iPad operating systems to competing technologies under the bloc's tough new digital rulebook, threatening hefty fines for breaches.
Full articleSummary: Jim Lee has been appointed as the new CFO of Target, effective Sept. 22, 2024. Lee brings over 25 years of experience in finance and strategy, with a focus on leading global finance teams at PepsiCo.
Full articleSummary: The Aphrodite gas field consortium, including Chevron Corp. and partners, secured an agreement with the Cypriot government for further discussions on a development plan worth $4 billion. This comes after failed talks for cost-saving changes to the original terms and disagreements on the development plan timeline.
Full articleSummary: Apple has released public betas of iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1, introducing Apple Intelligence features like text rewriting tools, a new Siri design, and a 'Clean Up' tool for photos.
Full articleSummary: Honeywell's stock is currently up by $3, trading at $204.57. The stock is underperforming compared to the overall market as indicated by the S&P 500, which is up 1.98% at 5,728 points. If Honeywell's stock increases by more than 15.76% in the coming days, it would reach a new all-time high.
Full articleSummary: Jim Lee steps down from Celsius Holdings Board due to departure from PepsiCo, will be replaced by a new nominee from PepsiCo. Hans Melotte with rich consumer goods background joins the Board until 2025 annual meeting.
Full articleSummary: The sale of a stake in the Starbucks franchise operated by Kuwait's AlShaya Group in the Middle East, North Africa, and central Asia is on hold due to ongoing boycotts and geopolitical unrest in the region, hindering bidder valuations. AlShaya is not in a rush to sell and talks could potentially restart next year if conditions improve.
Full articleSummary: FAA investigating cabin pressure problem on Delta Air Lines flight with Boeing 737-900ER causing passengers to bleed from nose and ears. The plane was safely returned to Salt Lake City for medical treatment and the issue was resolved the next day.
Full articleSummary: FedEx lowered its full-year revenue forecast and missed profit estimates as demand for priority services remained weak. The company's shares fell about 9% after the news.
Full articleSummary: Texas Instruments is increasing its quarterly cash dividend from $1.30 to $1.36 per share. The new dividend will be payable on Nov. 12 to shareholders of record on Oct. 31. This raise marks 21 consecutive years of dividend increases.
Full articleSummary: Disney plans to transition away from using Slack due to a hacking incident that leaked a terabyte of company data. Many teams have already started transitioning to other collaboration tools.
Full articleSummary: JPMorgan Chase & Co. is reshuffling its top management across technology and health-care investment banking by naming new global leaders in these sectors.
Full articleSummary: Oracle agreed to a $115 million settlement following claims of tracking and sharing customer data without consent. Eligible individuals may receive payment through various methods.
Full articleSummary: Sale of a stake in the Starbucks franchise in the Middle East, North Africa, and central Asia operated by AlShaya Group is on hold due to ongoing boycotts and geopolitical unrest in the region, hindering bidders' ability to value the business.
Full articleSummary: The Tesla Cybertruck's rear doors have a complicated emergency release process, making it difficult to exit in emergency situations. The lack of accessibility to the emergency release mechanism raises safety concerns.
Full article