Summary: 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.
Full articleSummary: Honeywell International Inc. is specialized in manufacturing and selling industrial equipment, offering maintenance, technical assistance, and engineering services. The company's revenue is divided into various product categories including aerospace equipment, performance materials and technologies, building control and automation systems, and security and productivity optimization solutions. Geographically, the revenue is mainly generated from the United States, followed by Europe and other regions.
Full articleSummary: Meta, the parent company of Facebook, has invested in low-carbon concrete in the US through an agreement with CarbonBuilt to upgrade two concrete plants and scale up production. CarbonBuilt's low-carbon concrete, called Reversa, allows customers to reduce their carbon footprint by 70%.
Full articleSummary: Kimelman & Baird LLC purchased a new position in Colgate-Palmolive shares during the 2nd quarter, with other hedge funds also modifying their holdings of the company. Additionally, insider selling activity was reported with EVP Gregory Malcolm and insider Sally Massey selling shares. Analyst ratings changes comprised a mix of buy and hold ratings with an average price target of $104.74 for CL stock.
Full articleSummary: Colin Langan from Wells Fargo maintained a Buy rating on Aptiv with a price target of $87.00. Aptiv's shares closed at $74.24.
Full articleSummary: Boeing factory worker strike in its third week with talks breaking off, Wall Street analysts lower targets for Boeing stocks due to strike costs
Full articleSummary: Cisco Systems Inc, AECOM, and ESCO Technologies, Inc. will trade ex-dividend on 10/2/24.
Full articleSummary: Bristol Myers Squibb announced positive results from the Phase 3b/4 PSORIATYK SCALP trial for Sotyktu in treating moderate-to-severe scalp psoriasis.
Full articleSummary: BlackRock Health Sciences Term Trust (BMEZ) has declared a distribution amount of $0.176020 per share with a record date of September 16, 2024, and a pay date of September 30, 2024. The distribution consists of return of capital. It is noted that the fund has distributed more than its net income and capital gains.
Full articleSummary: Disney Store has opened its first location in Southeast Asia at the SM Mall of Asia in the Philippines, offering a wide range of Disney products and immersive experiences for visitors.
Full articleSummary: ExxonMobil has enlisted McDermott, Saipem, and China Petroleum Engineering for FEED work on Rovuma LNG project in Mozambique, representing a significant development and opportunity for economic growth.
Full articleSummary: Veeva Systems faces increasing competition from Salesforce, posing a risk of share loss in a significant portion of its business.
Full articleSummary: Air Products has completed the $1.81bn sale of its LNG business to Honeywell, allowing Honeywell to offer a full-service solution in the LNG industry.
Full articleSummary: A man was caught trying to steal $1,300 worth of items from a Target store in South Windsor, CT, and was identified as 35-year-old Michael Jankowski of Bristol.
Full articleSummary: Lawsuits have been filed against certain directors of Scotts Miracle-Gro Company for alleged securities laws violations and breaches of fiduciary duties, related to inventory levels, sales, debt management, and product shortage disclosures.
Full articleSummary: Oracle Corporation has a 'buy' consensus rating from 27 analysts with an average target price of $176.89, indicating a potential 5.2% increase. The company has a market capitalization of $467.59B and the stock currently trades at $168.74 USD.
Full articleSummary: Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced the promotion of COO Brandon Moore to President, resulting in slight gains for GLPI shares.
Full articleSummary: Alphabet-backed Aye Finance is in the final stages of its IPO process with a size in the range of ₹2,000-3,000 crore, likely to file the draft prospectus in 2-3 weeks. It has seen significant funding rounds and major investors include A91 Partners, Elevation Capital, and Falcon Edge Capital.
Full articleSummary: Analysts hold mixed sentiments on Charter Communications CHTR, with varying ratings ranging from bullish to bearish. Despite a majority of neutral ratings, there have been adjustments in price targets indicating positive sentiment towards the stock.
Full articleSummary: Shareholder advocates are urging Coca-Cola to measure and reduce food waste, potentially benefiting the environment and the company's profitability.
Full articleSummary: Alphabet's Google to invest US$1 billion in Thailand to build a data centre and cloud region, creating 14,000 jobs annually until 2029.
Full articleSummary: Morgan Stanley analysts report that lead times for Apple's iPhone 16 Pro and Pro Max models are stabilizing and extending, which is a positive development.
Full articleSummary: Google announces $1 billion investment in building a data centre and cloud region in Thailand, creating thousands of jobs annually until 2029.
Full articleSummary: Microsoft has outlined plans to secure its controversial Windows Recall feature ahead of launch which was initially intended to be released in June as a flagship feature for Copilot Plus PCs but was delayed due to data security and privacy concerns.
Full articleSummary: Microsoft Corp. has struck a deal to restart the dormant reactor at the Three Mile Island nuclear plant, setting a new price floor in the power market and bolstering the nuclear power sector. However, the long-term viability of new nuclear plants for Big Tech remains uncertain due to high costs and lengthy timelines.
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