Summary: Sosin Partners, a hedge fund managed by Clifford Sosin, has been performing exceptionally well in 2024 with a 55.71% return mainly driven by the significant outperformance of their holding in Carvana, which has more than tripled in value this year.
Full articleSummary: Comcast Advertising appoints Scott Weisenthal as the new Head of Global Marketing and Insights to lead marketing and brand strategy for Effectv and FreeWheel divisions. Weisenthal brings over 20 years of experience from Major League Baseball, Washington Post, Marriott International, and NBCUniversal.
Full articleSummary: Cypress Creek Consulting, LLC has been engaged by Charter Communications, Inc. to help launch a senior secured revolving credit facility to finance the purchase of mobile equipment installment plan receivables.
Full articleSummary: Pfizer Canada announces the selection of ABRYSVO™ as the publicly-funded vaccine for the prevention of Respiratory Syncytial Virus (RSV) in older adults in Canada for 2024-2025, provinces and territories introducing ABRYSVO™ to their publicly funded immunization programs, NACI's strong recommendation on RSV immunization programs for older adults.
Full articleSummary: Caterpillar launches eight new loaders with improved features for more power and performance.
Full articleSummary: Comcast Advertising appoints Scott Weisenthal as head of global marketing and insights, overseeing all global marketing and brand strategy for the unit.
Full articleSummary: Coherent Corp. stock saw a significant rise of 44% in the past couple of months on NYSE. Valuation model shows the stock is undervalued and future profit is expected to grow by 32% over the next year.
Full articleSummary: Thermo Fisher Scientific Inc. hosted its 2024 Investor Day, highlighting industry-leading businesses, a proven growth strategy, and an outstanding long-term financial outlook.
Full articleSummary: SMBC Aviation Capital has signed definitive lease agreements with United Airlines for twenty Airbus A321neo aircraft, in addition to a recently completed sale and leaseback transaction for twenty Boeing 737-8 MAX aircraft.
Full articleSummary: United Parcel Service, Inc. (UPS) is attracting investor attention.
Full articleSummary: Cogeco Communications Inc. will participate in the 23rd Annual CIBC Eastern Institutional Investor Conference in Montréal on September 26, 2024.
Full articleSummary: US stocks surged as Dow Jones closed above 42,000 for the first time, S&P 500 climbed roughly 1.7%, and Nasdaq Composite led the gains with a 2.5% increase. Investors are optimistic about the Federal Reserve's interest rate cut leading to a 'soft landing' for the US economy.
Full articleSummary: Comcast Corporation will host a conference call with the financial community to discuss financial results for the third quarter on October 31, 2024, at 8:30 a.m. Eastern Time (ET).
Full articleSummary: Investors face significant risks in investing in securities tied to the worst performer's value. Lack of interest payments and dependency on the worst performer's performance increases risk. Securities not listed on exchanges, subject to credit risk of Citigroup, and unclear tax consequences add to investor concerns.
Full articleSummary: Cisco's TOP program offered a transformative experience to displaced individuals like Nataliia Nahach, providing education, industry certification, and training tailored to employees' needs.
Full articleSummary: Nasdaq 100 closed lower by 0.5% as investors focus on insider trades: Alphabet's CEO sold shares after winning antitrust appeal, Williams-Sonoma's CEO sold shares after positive analyst outlook, Ross Stores' COO sold shares post strong financial results, McDonald’s CEO sold shares post price target increase by JP Morgan analyst.
Full articleSummary: Cisco's new Routed Optical Networking simplifies multilayer networks by converging IP and optical layers, offering greater scalability and agility.
Full articleSummary: GE Aerospace announces continued focus on innovation and sustainability in aircraft engines, investing $2.3B in research and development with a workforce of around 52K employees. They aim to collaborate with industry partners and governments to reduce emissions and create a more sustainable future of flight.
Full articleSummary: GE Aerospace became a standalone company and is releasing its first Sustainability Report focusing on safety, environment, people, and governance.
Full articleSummary: Kraft Heinz's (NASDAQ:KHC) stock increased by 6.6% over the past three months. Analysis focused on Return on Equity (ROE) shows a current ROE of 3.9% which is relatively low compared to industry average of 11%. However, the company has been able to grow its net income at a significant rate of 61% in the last five years.
Full articleSummary: Thermo Fisher Scientific Inc. specializes in the design, manufacturing, and marketing of laboratory and scientific equipment, with net sales distributed across laboratory equipment, diagnostics equipment and products, and scientific analysis equipment. Geographically, the company generates a significant portion of its net sales from North America and Europe.
Full articleSummary: Citigroup Inc has increased its bond underwriting for fossil-fuel companies amid intense climate protests outside its Manhattan office. The bank helped arrange about US$4.2bil of bonds for clients like Saudi Aramco and Adnoc between June 10 and Sept 5, attracting scrutiny and disruption from protesters.
Full articleSummary: Stolthaven Terminals and ExxonMobil Basestocks have signed a long-term storage tank rental agreement for the Dagenham facility.
Full articleSummary: Microsoft is introducing performance improvements to the Microsoft Store by allowing app developers to migrate their UWP apps to .NET 9 and Native AOT, which should enhance app performance. The Microsoft Store itself is also undergoing this migration, with a new version expected soon.
Full articleSummary: Chevron Shipping Company LLC and Wärtsilä partner to lower methane emissions on LNG carriers by converting engines from dual-fuel to spark gas operation. This collaboration aims to reduce greenhouse gas emissions and methane slip, contributing to Chevron Shipping's efforts to lower carbon intensity.
Full articleSummary: NTT DATA and IBM have launched SimpliZCloud, a fully managed cloud service built on IBM LinuxONE, designed to support critical workloads in financial services organizations. The service offers cost optimization, subscription-based model, and a jump in performance over traditional x86 architectures.
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