Summary: Ashton Bentley, an innovator in integrated meeting room technology, confirms agreement with Cisco at ISE 2025 for verified certification of its display mounts with select Cisco Collaboration devices.
Full articleSummary: A consortium led by Elon Musk offered $97.4 billion to buy OpenAI, leading to a legal battle between Musk and OpenAI's CEO Sam Altman. Altman rejected the offer, stating that OpenAI is not for sale. Analysts are skeptical of Musk's move.
Full articleSummary: Kraft Heinz is rethinking its pricing and promotion strategy for pantry staples including Lunchables, Kraft Mayonnaise, Kraft Mac & Cheese, and Capri Sun after missing top-line targets in fiscal year 2024.
Full articleSummary: John Lau named vice president of Defense and Intel Solutions at ECS with 20 years of experience in AI, cloud, and cybersecurity for federal organizations, focusing on delivering next-generation defense and intelligence capabilities to U.S. military branches and Combatant Commands.
Full articleSummary: Kraft Heinz reported Full Year 2024 results with a decrease in revenue and net income compared to FY 2023. However, EPS beat analyst expectations by 75%. The company's share price remained stable from a week ago. Future revenue is forecasted to grow at a slower rate than the Food industry in the US.
Full articleSummary: Microsoft is discontinuing support for Windows 10, Exchange 2016, and Exchange 2019 in October 2025, prompting users to consider new options like Exchange Server Subscription Edition.
Full articleSummary: IDEAYA Biosciences announced a clinical study collaboration and supply agreement with Gilead Sciences to evaluate IDE397 in combination with Trodelvy in NSCLC, updates expected in 2025, actively enrolling patients in various trials. Stock price is up by 3.78% in pre-market hours.
Full articleSummary: Wells Fargo analyst raised price target on Home Depot to $450 from $440 with an Overweight rating, citing improving Q4 checks and potential for 2025 upward revisions.
Full articleSummary: Wells Fargo analyst raised Home Depot's price target to $450 from $440, maintaining an Overweight rating, citing improving Q4 checks and potential for 2025 to enter upward revision territory.
Full articleSummary: JPMorgan Chase has started notifying employees of job cuts as part of downsizing efforts throughout 2025. Meta has prepared for company-wide layoffs while expediting hiring of machine learning engineers.
Full articleSummary: Wells Fargo raises price target on CVS Health (CVS) to $73 from $68, keeps Overweight rating due to better than expected Q4 results and in-line 2025 guidance.
Full articleSummary: Intel shares rose initially after Vice President JD Vance claimed that advanced AI chips would be made in the US but are scrutinized due to Taiwan's TSMC being the leader in AI chip production and Intel's own manufacturing challenges.
Full articleSummary: JPMorgan Chase increased its total workforce to 317,233 by the end of December 2024, with significant growth resulting from acquiring First Republic Bank in 2023, though some positions have been reduced since then.
Full articleSummary: Representative Emily Randall sold shares of Amgen Inc. and other companies while also selling shares of Alphabet, PepsiCo, Exxon Mobil, Verizon Communications, Procter & Gamble, Fortive, Abbott Laboratories, Mondelez International, Medtronic, and Wells Fargo & Company. Amgen stock was down by 0.5% and the firm also announced an increase in dividend.
Full articleSummary: The New York Stock Exchange plans to launch NYSE Texas, a fully electronic equities exchange in Dallas, Texas, offering companies the opportunity to list their securities.
Full articleSummary: Van ECK Associates Corp increased stake in United Parcel Service by 77.7% in the fourth quarter totaling 3,150,901 shares. Several other hedge funds have also added to their holdings. Insider activity includes a significant sale by Norman M. Brothers, Jr. Analysts have mixed opinions on the stock with a moderate buy rating.
Full articleSummary: Coca-Cola HBC AG reported strong organic revenue growth of 13.8% for the twelve months ended 31 December 2024, driven by growth in volumes, price, and mix. The company also saw strong organic EBIT growth of 12.2% and made further investment across its strategic priorities, focusing on sustainability and ESG leadership.
Full articleSummary: Charles Schwab announced the launch of broad access to an expanded range of securities in the overnight trading session for all retail clients, including S&P 500 and Nasdaq-100 stocks and hundreds of ETFs via the thinkorswim platform suite.
Full articleSummary: Vietjet is set to receive its first Boeing 737 Max aircraft from its order of 200 units starting in July. Vietnam Airlines is also in talks to purchase 50 Boeing 737 Max aircraft. The delivery timeline for Vietjet's order is spread over five years, with the first batch of 12 aircraft scheduled for 2024.
Full articleSummary: Gladstone Institutional Advisory LLC reduced its stake in Medtronic plc by 14.2% in the fourth quarter according to its recent filing. Insider selling was also reported. Analyst ratings have varied, with a mix of hold and buy ratings. The company announced a recent quarterly dividend of $0.70 per share.
Full articleSummary: Analyst Christopher Carey from Wells Fargo and TD Cowen both maintain Hold ratings on Kraft Heinz due to uncertainties in financial outlook, flat to declining organic sales projections for fiscal year 2025, and challenges in North American retail market.
Full articleSummary: Loop Capital raised McDonald's price target to $346 from $342 with a Buy rating, citing constructive comments on future impact of E. coli outbreak.
Full articleSummary: Coca-Cola may need to increase its use of PET packaging in the US due to tariffs on foreign steel and aluminium, which could raise costs of aluminium cans. Coca-Cola is considering transitioning to plastic bottles to mitigate potential price increases. Despite concerns, CEO Quincey downplays the impact, stating packaging represents a minor fraction of total expenses. Coca-Cola has been identified as one of the world's leading polluters in terms of plastic waste.
Full articleSummary: Chevron plans to cut its global workforce by 15-20% by 2026 in a cost-cutting push, aiming for $2-3 billion of structural cost reductions. This move is part of efforts to simplify the organizational structure, execute faster, and enhance long-term competitiveness.
Full articleSummary: Chevron is planning to layoff 15%-20% of its workforce, although it is uncertain if the job cuts will affect the employees in Houston.
Full articleSummary: Meta is preparing to cut approximately 5% of its workforce based on performance.
Full articleSummary: Starbucks launches 'Hello Again' campaign featuring rebranding to The Starbucks Coffee Company with focus on in-store experience and personal interactions.
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