Summary: Nike is set to build a unique UK logistics campus in Corby as part of a secretive project code-named The Terrace. It will feature a football pitch, outdoor terraces, woodland trails, and a homely environment for workers, creating hundreds of jobs. The campus is expected to be fully operational in the summer of 2027.
Full articleSummary: Power Planners International will conduct a study for Oracle and China Electric Power Equipment and Technology on a power plant project in Pakistan. This study is part of Oracle's feasibility study package and will help in advancing towards the FEED stage.
Full articleSummary: Nike will close its store on Buchanan Street in Glasgow on May 12, 2024, but plans to reopen a 'new' store on the city's main shopping street in December 2024. The closure is part of a larger transformation project that includes several planning applications approved by Glasgow City Council.
Full articleSummary: Netplace Technologies launches The Netplace Cisco Center of Excellence (CoE) in Mumbai, providing a dedicated hands-on demonstration space for Cisco's innovative hybrid workplace solutions.
Full articleSummary: PepsiCo Inc. has appointed Paula Marconi, former Kraft Heinz executive, as its Chief Marketing Officer for Europe to strengthen market presence at a crucial time for growth and change.
Full articleSummary: PepsiCo Inc. hired Paula Marconi, former Kraft Heinz executive, as its chief marketing officer for European operations to strengthen market presence and drive growth. Marconi will report to CEO Silviu Popovici and EVP Jane Wakely.
Full articleSummary: The Coca-Cola Company emphasizes fusing the passion points of the Olympics and music to bring fans together and introduce new experiences. Their partnership with the Olympic Movement has remained strong for nearly 100 years due to perfectly aligned values and belief in the power of sport.
Full articleSummary: ExxonMobil plans to establish a second advanced recycling unit in Baytown to reach over 1 billion pounds of plastic waste processing capacity globally by 2027, following the success of the first unit which has processed over 45 million pounds. The company aims to meet the rising demand for certified-circular plastics, reflecting a commitment to sustainability and circularity in the plastic economy.
Full articleSummary: Renewable energy sector expected to benefit from surging electricity demands and government incentives. Analysts believe First Solar (FSLR), Vernova (GEV), and NextEra Energy (NEE) are well positioned to benefit from the energy transition in the US.
Full articleSummary: Gilead Sciences appoints Peter Wickersham as vice-president and general manager for the UK and Ireland to lead the commercial organization with a focus on driving growth and advancing patient care across Gilead's portfolio of products.
Full articleSummary: Howe & Rusling Inc. decreased its holdings in JPMorgan Chase & Co., various other hedge funds also modified their holdings of the company. Insider transactions involving CEO and General Counsel were reported. Analysts have provided price targets for the stock. Dividend for JPMorgan Chase & Co. was increased recently.
Full articleSummary: Emerson announced the election of Calvin Butler, President and CEO of Exelon, to its Board of Directors, effective August 1, 2024. Butler will bring significant operational and leadership experience in the energy industry to the Board.
Full articleSummary: Barça is nearing an agreement to extend its sponsorship deal with Nike for another ten years, with negotiations at an advanced stage and details being finalized.
Full articleSummary: Google announced the new Pixel 8A smartphone, which offers impressive processing power and features at an approachable price point starting at $499. Various deals are available to further reduce the cost for interested buyers.
Full articleSummary: Zacks Research lowered Q1 2026 earnings per share estimates for Simon Property Group, Inc. Real estate investment trust will post $3.04 EPS, down from prior estimate of $3.06. FY2026 earnings estimated at $12.78 EPS. Quarterly revenue up 6.8%. Several analysts issued reports on stock with target price range from $139.00 to $150.00.
Full articleSummary: Mixed performance in U.S. stock market with Dow Jones up for fifth straight session, Disney shares fell 9.5% on weak sales report, Peloton shares surged 15% on potential buyout interest from private equity firms.
Full articleSummary: Karpus Management Inc. has entered a standstill agreement with BlackRock Municipal Income Fund, Inc. and BlackRock Advisors, LLC, withdrawing its nomination for the board of directors and agreeing to a 3-year passive investor period. The agreement also includes a tender offer to repurchase 50% of the company's outstanding common shares at a price per share equal to 98% of the Company's net asset value.
Full articleSummary: Oracle introduces a new AI-powered upskilling solution called Oracle Grow for Business Leaders within Oracle Fusion Cloud Human Capital Management (HCM) to help leadership teams maximize talent potential and align upskilling with business priorities.
Full articleSummary: CVS Health (CVS) experienced a significant earnings miss, prompting a downward revision of its outlook for fiscal year 2024 and resulting in analysts slashing earnings estimates and price targets. The stock is currently near COVID lows and technical indicators suggest caution is warranted for investors.
Full articleSummary: Disney CEO Bob Iger hints at not relying heavily on the 20th Century Fox library for future releases but will focus on opportunistic projects. Disney plans to add an ESPN tile to the Disney+ service by the end of the year to offer select live games and studio programming.
Full articleSummary: Analysts weigh in with bullish sentiments on DraftKings and Booking Holdings, with upgraded ratings and price targets.
Full articleSummary: First Trust Direct Indexing L.P. increased its holdings in JPMorgan Chase & Co. by 14.6% in the 4th quarter and other hedge funds also added to their stakes. Analysts set new price targets for JPM stock. JPMorgan Chase & Co. recently reported an earnings per share beat and increased its dividend.
Full articleSummary: Boeing's failed launch attempt of Starliner raises stakes for company's reputation
Full articleSummary: Nike has introduced the Dunk Low “Burnt Sunrise,” a sneaker exclusively for women crafted with premium materials and detailed design, set to release on May 21 for $135 USD.
Full articleSummary: Apple is updating Final Cut Pro and Logic Pro for iPad and Mac, Final Cut Pro for iPad adds support for external projects and Live Multicam feature, Logic Pro for iPad includes new AI-generated bass and keyboard instruments along with Stem Splitter and ChromaGlow features. Pricing for the iPad versions is $4.99 per month.
Full articleSummary: CIBC Mellon partners with Duco to implement AI-powered data automation technology into its asset servicing platform, aiming to manage data effectively, reduce operational risk, and improve client experience.
Full articleSummary: Emerson Electric Co reported strong Q2 2024 financial results, with net sales increasing by 17% to $4.376 billion, adjusted EPS rising by 25% to $1.36, and operating cash flow increasing by 32% to $757 million. The company also revised its full-year 2024 outlook with anticipated net sales growth between 15% and 16% and adjusted EPS forecast in the range of $5.40 to $5.50.
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