Summary: IBM is considering buying Sun Microsystems in a deal worth at least $6.5 billion, potentially doubling Sun's share price.
Full articleSummary: Fans are unhappy with Disney's new concept art for the upcoming Disney Vacation Club Tower at the Polynesian Village Resort, believing it takes away from the charm and ambiance of the original hotel.
Full articleSummary: Nike is releasing a revamped version of the Shox R4 sneaker in 'Barely Grape' colorway, maintaining its retro-futuristic aesthetic from the early 2000s.
Full articleSummary: British regulators decided not to open a competition investigation into Microsoft's partnership with French AI company Mistral, stating that the tie-up does not qualify for investigation under UK merger rules. Meanwhile, the European Commission is seeking clarity from Microsoft on AI risks in its search engine Bing, warning of potential fines if adequate information is not provided by May 27.
Full articleSummary: Apple is developing a slimmer version of the iPhone likely to be launched by 2025 with a higher price point compared to the iPhone Pro Max. The company is testing different designs for the device, code-named D23, expected to feature Apple's latest-generation processor. Apple also plans to drop its less expensive model iPhone Plus and launch a cheaper iPhone.
Full articleSummary: Intel has introduced the 5th Gen Intel Xeon “Emerald Rapids” single socket offerings which have shown significant power and performance gains compared to the previous generation. The new XCC design is more power efficient and features more cache, increased core count, and lower power at idle. These advancements are expected to benefit users deploying lower-density racks and lab nodes.
Full articleSummary: Moderna wins a case at the European Patent Office against Pfizer and BioNTech over COVID-19 vaccine patent dispute.
Full articleSummary: Honeywell International, Inc. and Weatherford International, LLC have collaborated to provide an emissions management solution for the oil and gas industry, combining Honeywell's emissions management suite with Weatherford's CygNet SCADA platform.
Full articleSummary: Multiple companies announced dividend increases and declarations this week, with upcoming ex-dividend dates for Johnson & Johnson (NYSE:JNJ) and Yum! Brands (NYSE:YUM).
Full articleSummary: Boeing shareholders re-elected CEO David Calhoun and approved his $32.8 million compensation at the annual general meeting as the company faces quality-control problems and plans to meet with the FAA to address manufacturing flaws. They are working on a 90-day plan to improve safety and quality.
Full articleSummary: Boeing shareholders approve CEO's $32.8 million compensation, discuss efforts to improve quality and safety, including fixing manufacturing problems and completing acquisition of Spirit AeroSystems. Shareholders also reject resolutions regarding executive pay gaps and China relations. This follows a series of setbacks, including $23 billion in losses since CEO took over and multiple investigations into safety issues.
Full articleSummary: European government regulation requires Coca-Cola and other soft drink makers to attach bottle caps to reduce waste, leading to customer frustrations and backlash on social media.
Full articleSummary: Tesla adjusted the price of the Model 3 Performance, increasing it by $1,000 while making the white interior option free for that model. The price change was made to maintain the vehicle's eligibility for the $7,500 EV tax credit. To offset the cost of the free option, Tesla raised the price of the interior color on other Model 3 configurations by $500.
Full articleSummary: Comcast and Metronet customers in Tallahassee are still largely without internet service a week after tornado outbreak, with restoration efforts ongoing and frustration growing among residents due to lack of communication and uncertainty about when services will be restored.
Full articleSummary: Bank of America notes softer than expected April payrolls and April CPI, leading to a first Fed rate cut from November to September. They anticipate a decline in 10y UST yield to around 3.25% over the next 6-12 months.
Full articleSummary: The First Bancshares, Inc. announced the transfer of its common stock listing from Nasdaq to the New York Stock Exchange (NYSE) on May 30, 2024, under the ticker symbol 'FBMS'. Since its initial listing in 2006, the company has grown from $294 million in assets to nearly $8 billion in assets.
Full articleSummary: American Planning Services Inc. acquired a new position in shares of Alphabet Inc., Several large investors also increased their holdings in Alphabet, Analysts set new price targets for Alphabet, Alphabet announced quarterly dividend, Insider transactions at Alphabet reported
Full articleSummary: Intel introduces Lunar Lake processors with differentiation in memory capacity and L3 cache size. New details on Lunar Lake-V processors reveal Intel Core Ultra 5 238V featuring 32GB LPDDR5X memory, up from 16GB in its predecessor.
Full articleSummary: BlackRock's Rick Rieder argues that the Fed has a strong case to lower interest rates to tackle inflation due to high rates stoking inflation.
Full articleSummary: 1. Manchester United are considering signing Ollie Watkins as a leading transfer target admired by new co-owner Sir Jim Ratcliffe. 2. Luis Diaz insists he is happy at Anfield as Liverpool prepare to usher in a new era under new boss Arne Slot. 3. Crystal Palace's Jean-Philippe Mateta attracting interest from Napoli and PSG for a potential summer move.
Full articleSummary: A former diversity manager at Facebook and Nike, Barbara Furlow-Smiles, has been sentenced to over five years in prison for orchestrating a multi-million dollar fraud scheme by embezzling over $4.9 million from Facebook and stealing from Nike's diversity program. Furlow-Smiles used the stolen money to fund a luxurious lifestyle in multiple states.
Full articleSummary: Alphabet unveiled new notifications feature in Google Contacts including widgets for quick response to messages, ringtones and connected apps section; which is expected to boost its Android offerings and Google Services segment. The company's share price has rallied 23.5% YTD and Zacks estimates show growth in total revenues and earnings for 2024.
Full articleSummary: Chevron is planning to sell off its remaining oil and gas fields in the North Sea, including a significant stake in the Claire oilfield, which could raise up to $1bn. This decision comes after more than 55 years of operating in the UK waters and is part of a review of global operations to focus on strategic and competitive assets.
Full articleSummary: Eli Lilly and Company has received a 'buy' rating from 25 market analysts with an average target price of $858.83, indicating a potential 9.1% upside from the previous closing price. The company has a market cap of $732.88 billion and engages in drug manufacturing businesses with various products across different segments.
Full articleSummary: CLPS Incorporation celebrates IBM's 60 years of mainframe leadership and reiterates commitment to talent development through its Talent Creation Program and virtual banking platform. CLPS has produced over 6,000 graduates for financial institutions worldwide and aims to enhance its global mainframe talent delivery capabilities.
Full articleSummary: RTX had its price objective increased by Wells Fargo & Company from $119.00 to $141.00 with an overweight rating on the stock. The stock also recently increased its dividend. Insiders have been selling stock, including CEO Gregory Hayes and others. Institutional investors have made changes to their positions in the stock.
Full articleSummary: Medtronic's single-use capsule endoscopy system, the PillCam Genius SB, has been approved by the FDA for use in clinics or at home. It eliminates the need for a data recorder and sensor belt, allowing clinics to perform more procedures without being limited by equipment availability.
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