Summary: The FTC approves a proposed consent order prohibiting Chevron from appointing Hess CEO John B. Hess to its Board of Directors due to antitrust concerns related to their acquisition, stating that Mr. Hess's communications with OPEC competitors disqualify him from the position. The merger agreement requires Chevron to appoint Mr. Hess to its Board, but the FTC believes such appointment would increase the risk of harm to competition.
Full articleSummary: Numerator's Retailer, Restaurant & Brand Snapshots provide updated insights for various U.S. retailers and restaurants including McDonald's, Starbucks, Chipotle, Dunkin', and Subway.
Full articleSummary: A claim against Oracle-owned Netsuite was settled out of court with a customer alleging overselling and under-delivery of software. The court dismissed most allegations, but allowed the claim of breach of contract to proceed.
Full articleSummary: Rheinmetall and Honeywell signed an MoU for strategic co-operation in developing new visual systems, auxiliary power units, and exploring collaboration in various other technology fields.
Full articleSummary: Morgan Stanley lowers price target on Wells Fargo to $67 from $68 and keeps Overweight rating on shares due to expected faster rate cuts by the Fed and positive impact on net interest margins for midcap banks.
Full articleSummary: Emerson Mavericks dominated Memorial Warriors 42-0 in a game where Emerson's defense shined, accumulating five QB sacks, with Chris Winters securing three of them. This win marked Emerson's most dominant victory of the season so far, securing their 4-1 season record while dropping Memorial to 1-4.
Full articleSummary: PayPal enables U.S. merchants to buy, hold, and sell cryptocurrency directly from business accounts, following wider crypto acceptance and U.S. SEC approval of Bitcoin ETFs.
Full articleSummary: Hess Corporation announced that the Federal Trade Commission has cleared the Chevron-Hess merger, satisfying a closing condition. John Hess will not be appointed to the Chevron Board of Directors due to FTC concern about his communications with OPEC officials.
Full articleSummary: Chevron Corporation announced that the FTC has completed antitrust review of its merger with Hess Corporation, removing a key closing condition for the transaction.
Full articleSummary: Tesla is preparing to release its third-quarter delivery numbers with analysts projecting around 461,000 vehicles delivered. Wall Street analysts have become increasingly bullish about the electric vehicle maker's performance.
Full articleSummary: Major averages were lower on Monday with hopes for a strong end to the month in the final trading session of September.
Full articleSummary: Nike is set to report their fiscal Q1 '25 results after market close on October 1, '24 with sell-side consensus expecting $0.52 EPS and $878 million operating income on $11.6 billion revenue.
Full articleSummary: PayPal unveils a new brand identity designed by Pentagram to emphasize accessibility and simplicity, with a focus on the principles of optimism and trust.
Full articleSummary: IBM Watsonx.data now supports data-build-tool, Apache Airflow, and VSCode for efficient data pipeline management. Features such as dbt compatibility for Spark and Presto engines, automated orchestration through Airflow, and an integrated development environment via VSCode empower teams to simplify and streamline data workflows.
Full articleSummary: Ford's joint venture with Jiangling Motors (JMC) in China has introduced the facelifted Equator Sport, featuring a redesigned front end, new LED headlights, and an upcoming PHEV powertrain option.
Full articleSummary: BlackRock, Inc. decreases total voting rights in Endeavour Mining PLC.
Full articleSummary: Morgan Stanley analyst downgrades JPMorgan Chase citing challenges related to potential interest rate cuts and limited upside compared to peers.
Full articleSummary: Google Search Console performance report filters will now stick to the last setting you left it at, with the addition of a 'reset filters' button. This change will apply to various performance reports such as Search, Discover, and News reports.
Full articleSummary: BofA raised the price target on Caterpillar to $434 from $376 and keeps a Buy rating on the shares after attending MINExpo event, sensing positive vibes and believing in long-term upside potential.
Full articleSummary: StackSocial is offering a discounted one-year subscription to Microsoft 365 for $40, down from $70, providing access to premium Office apps and 1TB of cloud storage across multiple devices.
Full articleSummary: Honeywell completes acquisition of Air Products' LNG business for $1.81 billion, including the CWHE technology, to strengthen its offering in energy transition.
Full articleSummary: Former Wells Fargo employees are unable to challenge the company over prescription drug costs under its health care plan due to lack of denied benefits and speculative harm claims.
Full articleSummary: Puma partners with Google Cloud and Meta to personalize online product images and develop a new virtual reality shopping experience, aiming to enhance consumer interactions and create immersive experiences.
Full articleSummary: Palantir Technologies and Microsoft are two key AI players, both positioned to benefit from the growing AI market. However, Microsoft's substantial investment in OpenAI and its position in the cloud computing market make it a better long-term AI stock option compared to Palantir.
Full articleSummary: The Apple tax funds' escrow account incurred operating costs of €6m primarily related to fees for investment managers' and escrow agents, with the value of assets rising by €400m to reach €13.774 billion. The funds were placed by Apple in 2018 following a European Commission ruling, and the European Court of Justice directed Apple to pay the money to Ireland. The investment policy aims to preserve the fund's capital by investing in low-risk securities.
Full articleSummary: Nike has decided to resume its partnership with artist Tom Sachs for the release of Mars Yard 3.0 sneaker in 2025, after reviewing their relationship and his commitment to fostering a culture of respect and inclusivity.
Full articleSummary: PayPal stock reached a new yearly high of $80.00 last week, showing promising prospects despite a failed initial attempt to surpass this mark. The company is expected to release its quarterly earnings in four weeks and has outperformed expectations compared to previous years.
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