Summary: RTX has received a $525 million contract from the U.S. Navy to produce ESSM Block 2 missiles and spares for the U.S. and allied nations, leveraging learning from other active seeker systems.
Full articleSummary: JPMorgan Chase & Co. downgraded by Morgan Stanley analyst Betsy Graseck due to expected lower positive surprises and less room to run compared to peers. She adjusted the price target to $224, implying a 6% increase from Friday's close. Instead, Graseck believes faster rate cuts will benefit mid-cap lenders such as Cadence Bank, US Bancorp, and Zions Bancorp.
Full articleSummary: Raytheon, an RTX business, has received a $525 million contract from the U.S. Navy to produce ESSM Block 2 missiles and spares for the U.S. and allied nations. ESSM Block 2 offers increased maneuverability and improved performance over its predecessor, catering to the growing importance of self-ship and local area defense missions.
Full articleSummary: Boeing faces challenges due to a series of incidents and culture issues, including a recent strike by machinists, federal safety regulators cutting production, and cash flow problems. The company is aiming to rebuild itself under new CEO Kelly Ortberg's leadership by prioritizing engineering, quality, and safety.
Full articleSummary: Santam is linked with a move into the Lloyd’s market as part of a drive to attract big names to One Lime Street.
Full articleSummary: The Caterpillar global trade union network met in Paris to address challenges faced by workers amidst the company's soaring profits. Key concerns include stagnant wages, job insecurity, anti-union practices, and outsourcing to low-wage countries.
Full articleSummary: Costco is considering opening a new store near the U.S. 1 and Highway 98 interchange in Wake Forest, NC, which would be its fifth location in the Triangle area.
Full articleSummary: Raytheon, an RTX business, has received a $525 million contract from the U.S. Navy to produce ESSM Block 2 missiles and spares for the U.S. and allied nations, which will provide increased flexibility and capability for U.S. and allied navies.
Full articleSummary: RBC Capital raises price target on Union Pacific to $288 and maintains Outperform rating as part of Q3 results preview for Class 1 Railroads. Firm cites new CEO appointment and expects improved operating performance.
Full articleSummary: Raytheon, an RTX business, has received a $525 million contract from the U.S. Navy to produce ESSM Block 2 missiles and spares for the U.S. and allied nations, increasing flexibility and capability for navies.
Full articleSummary: Google announces $1 billion investment in Thailand for building a data center and cloud region to meet the growing cloud demand and support AI adoption in Southeast Asia, creating 14,000 jobs annually until 2029.
Full articleSummary: A Tesla caught fire in Tilden Regional Park in Berkeley under mysterious circumstances, and firefighters from Moraga-Orinda Fire District and Berkeley Fire Department responded to put out the blaze.
Full articleSummary: Starbucks completes major renovations at the Bear’s Den location, offering extended hours, new menu items, and improved mobile ordering features.
Full articleSummary: JPMorgan raises price target on Starbucks to $105 from $90, maintains Overweight rating, optimistic about new CEO's strategy and future earnings potential.
Full articleSummary: United Parcel Service, Inc. (UPS) is rated highest by Validea's Guru Fundamental Report using the P/B Growth Investor model by Partha Mohanram, indicating strong interest in the stock based on low book-to-market characteristics associated with sustained future growth.
Full articleSummary: Ford Motor Co. is offering free home chargers and installation to buyers of its electric vehicles in a bid to boost sales and overcome range anxiety among mainstream car shoppers.
Full articleSummary: Chase launches a major new advertising campaign and brand platform to inspire customers to realize the potential of their money, showcasing the benefits of spending, saving, and investing through the Chase app.
Full articleSummary: Epic Games accuses Google and Samsung of conspiring to protect Google's Play store from competition by reducing consumer choice and preventing competition that would make apps less expensive. Epic files a lawsuit alleging that Samsung's Auto Blocker feature is designed to deter users from downloading apps from sources other than the Play store or Samsung's Galaxy store.
Full articleSummary: Morgan Stanley raised BNY Mellon's price target to $78 from $72, expecting more rate cuts by the Fed which could benefit midcap banks' net interest margins.
Full articleSummary: Air Products completed the sale of its LNG process technology and equipment business to Honeywell for $1.81 billion in cash, reflecting its focus on core industrial gases and clean hydrogen. The deal was first announced in July 2024.
Full articleSummary: Caterpillar showcased its products and technologies at MINExpo 2024, attracting significant attention and interest.
Full articleSummary: Wedbush reaffirms 'outperform' rating for Salesforce, raises price target, and highlights positive reception of Agentforce AI product. Seeking Alpha analyst rates Salesforce as 'hold' due to high valuation and slowing revenue growth. Overall, Wall Street analysts give Salesforce a 'moderate buy' rating with an average price target of $309.71.
Full articleSummary: Oracle Power initiated a ground-based gravity survey at its Blue Rock Valley Copper and Silver Project in Western Australia to define mineralised potential after high-grade copper samples were confirmed in the third quarter.
Full articleSummary: IBM has expanded its Quantum Data Center in Poughkeepsie, New York, with advanced quantum hardware architectures and the deployment of the IBM Quantum Heron processor, offering improved performance and speed. Users can now leverage these systems to explore new quantum algorithms via the cloud.
Full articleSummary: Nike unveils a women's exclusive Air Max 1 in the 'Royal Pulse' colorway, drawing inspiration from the iconic 'UNC' palette, featuring a blend of soft blue, off-white, and classic Nike detailing.
Full articleSummary: Thermo Fisher Scientific Inc. launched the CorEvitas Adolescent Atopic Dermatitis Registry to study novel treatments for adolescent patients with the skin condition, expanding its enrollment to the European Union. The registry aims to provide real-world evidence, adolescent-specific data, and address the emotional impact of the condition.
Full articleSummary: French luxury icons increased their fortunes by $50 billion last week due to China's stimulus plans, with LVMH CEO Bernard Arnault gaining the most. Despite the gains, they are still less rich compared to their peak wealth.
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