Summary: Securities and Exchange Commission imposed a $10 million civil penalty on John Deere for bribery activities in its newly acquired subsidiary's Thailand office.
Full articleSummary: Citigroup sells its global fiduciary and trust administration services business, Citi Trust, to JTC for $80 million.
Full articleSummary: Ford Motor Co.’s commercial team increasingly looks for charging infrastructure partnerships as sales of E-Transit electric vans grow. Large corporate customers face challenges in scaling due to the need for derisking charging before expansion.
Full articleSummary: Eli Lilly announces a $1 billion extension of its manufacturing site in Limerick, Ireland to increase production capacity of biologic active ingredients, along with an $800 million investment in expanding another manufacturing facility in Kinsale, Ireland, focusing on diabetes, obesity, and Alzheimer's treatments.
Full articleSummary: The National Labor Relations Board rejected Dow Jones & Co.'s petition to review the decision allowing photo editors at The Wall Street Journal to be represented by IAPE.
Full articleSummary: Shares in Alphabet were higher in premarket trade after a European Union court annulled an antitrust fine on its Google unit of nearly 1.7 billion dollars.
Full articleSummary: BlackRock Inc. and Microsoft Corp. are teaming up with the United Arab Emirates' MGX investment vehicle to seek $30 billion of private equity capital for building out data warehouses and energy infrastructure for artificial intelligence.
Full articleSummary: The Bank of New York Mellon Corporation announced the redemption of all issued Floating Rate Senior Notes due October 25, 2024, totaling $400 million.
Full articleSummary: JPMorgan Chase is in talks with Apple to potentially take over the Apple Card program from current partner Goldman Sachs, discussions are at an advanced stage but crucial details are yet to be negotiated.
Full articleSummary: Caterpillar Inc. saw a significant decrease in short interest and insider selling activities in August. The company also announced a stock repurchase plan and surpassed earnings expectations in their recent report. Additionally, Wall Street analysts have mixed ratings for Caterpillar's stock.
Full articleSummary: Walmart is showing promising trends in Return on Capital Employed (ROCE) with a 27% growth in the last five years, signaling efficient capital reinvestment. Current ROCE of 18% is above the Consumer Retailing industry average of 9.2%.
Full articleSummary: NASA is collaborating with GE Aerospace to develop a hybrid jet engine that combines electric motors with a fuel-burning core, aiming to reduce fuel usage and emissions by 5 to 10 percent. This new engine concept is expected to be demonstrated by the end of 2028 and utilized in airliners in the next decade.
Full articleSummary: FedEx will use 100% hydrotreated vegetable oil in 170 trucks in the UK after signing a new supply deal.
Full articleSummary: Cisco College's Abilene campus closed due to lack of hot water
Full articleSummary: Chevron CEO Michael Wirth criticizes the Biden administration's energy policies, highlighting the importance of natural gas in meeting the energy needs of AI data centers and reducing global carbon emissions. He defends natural gas as a low-carbon energy source and emphasizes the need for a stable political environment for natural gas to remain a reliable energy source.
Full articleSummary: Google Ads is rolling out significant updates to Performance Max, providing deeper insights and more efficient tools for optimizing creative assets such as conversion metrics for individual assets, asset coverage reporting, and detailed suggestions for enhancing performance.
Full articleSummary: The EU court annulled a €1.49 billion fine imposed on Google for violating competition regulations by prioritizing its own shopping links in search results.
Full articleSummary: Simon has completed the expansion and renovation of Busan Premium Outlets in South Korea, introducing new retail brands, dining options, and amenities to enhance shoppers' experience.
Full articleSummary: Google introduces AI-powered tools like Performance Max and Demand Gen campaigns to enhance advertising strategies by optimizing budgets, customizing messages, and expanding image editing capabilities across various channels and audiences.
Full articleSummary: Bristol Myers Squibb reports positive long-term data from the DAYBREAK Phase III trial of its Zeposia product, showing sustained efficacy and consistent safety in relapsing forms of multiple sclerosis.
Full articleSummary: Starbucks is celebrating the autumn season with a festive giveaway of free fall festive stickers with the purchase of any handcrafted beverage on September 19, 2024. The stickers can be used to decorate water bottles, journals, or around the home or office.
Full articleSummary: NTT DATA and IBM are partnering to launch SimpliZCloud, a new hybrid cloud service for financial organizations in India providing advanced performance, security, and cost reduction. The platform features Confidential Computing and encryption for data protection, supporting cloud transformation and sustainability efforts. The service aims to modernize IT systems, adhere to regulatory guidelines, and enhance efficiency for financial institutions.
Full articleSummary: Critical-severity vulnerability in VMware vCenter Server allowed remote code execution on unpatched servers; recently patched by Broadcom, VMware's parent company.
Full articleSummary: RMZ Corporation has leased office space to Chevron Global Technology & Services in Bengaluru to establish a global captive centre, marking a significant milestone in Chevron's commitment to India. India is emerging as a cost-effective hub for global operations with a surge in demand for sophisticated workspaces.
Full articleSummary: Mainstream maintenance for SAP ERP 6.0 will end on December 31, 2025, urging businesses to upgrade to SAP S/4HANA to support enterprise-wide digital transformation. IBM's Rapid Move for SAP S/4HANA offers a hybrid migration approach that combines advantages of greenfield and brownfield implementations, enabling companies to make the move quickly, cost-effectively, and while reaping significant rewards.
Full articleSummary: Medtronic plans to use data from the ADAPT-PD trial to support the Percept PC's aDBS global regulatory filing. The trial aims to demonstrate the safety and effectiveness of aDBS for Parkinson’s disease by providing personalized therapy through adaptive DBS. Preliminary data from the study, focusing on hours of 'On' time without troublesome dyskinesias, has been published in a Nature journal.
Full articleSummary: New data from the Phase 3 DAYBREAK trial shows sustained decreased brain volume loss in patients treated with Zeposia for up to 5 years, along with declining rates of treatment-emergent adverse events over more than 8 years
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