Summary: UK has faced criticism from environmental leaders for slowing down on climate change progress despite past achievements, urging for stronger policies in various sectors.
Full articleSummary: Boeing's plan to buy back supplier Spirit AeroSystems Holdings Inc. has faced challenges due to pricing discussions for factories that make components for Airbus SE, impacting Boeing's efforts to improve manufacturing quality.
Full articleSummary: Comcast Business has launched its Managed Detection and Response (MDR) solution to help enterprise customers detect, analyze, and mitigate cyber threats. The solution combines advanced security analytics platform and Security Operations Center (SOC).
Full articleSummary: Microsoft and Coca-Cola signed a $1.1 billion five-year deal to use cloud computing and AI services. Coca-Cola will experiment with Azure OpenAI and test Microsoft's Copilot offerings for productivity improvements.
Full articleSummary: The Coca-Cola Company and Microsoft have announced a five-year strategic partnership to accelerate cloud and generative AI initiatives. Coca-Cola has committed $1.1 billion to the Microsoft Cloud and its generative AI capabilities, showing its ongoing technology transformation. The partnership aims to develop innovative generative AI use cases, including testing Copilot for Microsoft 365 to improve workplace productivity.
Full articleSummary: The Coca-Cola Company and Microsoft announce a five-year strategic partnership to accelerate cloud and generative AI initiatives, with Coca-Cola committing $1.1 billion to the Microsoft Cloud and its generative AI capabilities. The partnership aims to experiment with innovative AI technology like Azure OpenAI Service and Copilot for Microsoft 365 to enhance productivity and innovation globally.
Full articleSummary: LV= has completed its asset management services transition to global investment management firm BlackRock. LV= states that the transition aligns with its ambition to deliver enhanced value for members. BlackRock is now responsible for the tactical asset allocation and active portfolio management of LV= Smoothed Managed Funds, offering a wide range of building blocks for members' investments.
Full articleSummary: Starbucks is challenging the National Labor Relations Board before the US Supreme Court over the firing of workers trying to unionize in Tennessee, aiming to curb the government's power in similar cases. The company is seeking to establish a consistent four-factor test for NLRB injunction cases across federal appeals courts.
Full articleSummary: IBM established a global program involving creating, enhancing, and restoring pollinator habitats at its locations globally, surpassing the goal of 50 gardens by the end of 2023.
Full articleSummary: Intel is expected to release its first-quarter results with analysts predicting a rise in revenue and earnings driven by PC sales and strong demand for AI chips. However, concerns remain about losses in the Intel Foundry Services segment. Analysts have given a Hold consensus rating on INTC stock.
Full articleSummary: Nike will shock drop the Air Diamond Turf Max 96 Prime 'Varsity Maize' sneakers in Atlanta ahead of the scheduled wide release, after the success of a Super Bowl shock drop, coinciding with various events including the NBA playoffs and the 2024 NFL Draft.
Full articleSummary: Bank of America disappointed the market with its first-quarter earnings report, but an upgrade from Wolfe Research with a price target of $42 provides a 14% gain prediction for the stock. Despite facing headwinds from interest rates, analysts expect net interest income to grow in the future.
Full articleSummary: Wells Fargo increases price target for Chipotle Mexican Grill (NYSE:CMG) shares to $3,285 from $2,800, citing optimism for improved restaurant-level margins and unit growth. The firm expects an EPS of $12, higher than the consensus estimate of $11.69 among other analysts.
Full articleSummary: Citigroup remains the only U.S. bank in Ukraine amid the ongoing conflict, facing risks from Russian attacks and political instability while also playing a crucial role in aiding the country's reconstruction post-war. The bank has incurred costs from keeping operations running, although profits rose in 2022 due to increased deposits from capital controls by Ukraine's central bank.
Full articleSummary: Lockheed Martin (NYSE:LMT) shares are rising after delivering better-than-expected Q1 results, maintaining financial outlook, boasting robust sales across segments, healthy order backlog, and optimistic projections for FY 2024.
Full articleSummary: Wells Fargo & Company initiated coverage on enGene (NASDAQ:ENGN) with an overweight rating and a $30.00 price target. Several other research firms have also given positive ratings and price targets on the stock. Insiders recently sold shares of enGene. Institutional investors have been actively acquiring stakes in the company.
Full articleSummary: Bank of America is rebounding from a post-earnings sell-off with an upgrade given by Wolfe Research and positive outlook on net interest income growth and reduced losses in office loans.
Full articleSummary: Coca-Cola finalizes a $1.1 billion contract over 5 years with Microsoft to utilize its cloud computing and artificial intelligence (AI) services, expanding beyond their previous $250 million deal signed in 2020.
Full articleSummary: Moody’s Corporation has been named an Official Cornerstone Partner of MetLife Stadium, home of the New York Jets and New York Giants, with branding to be visible throughout the stadium and a new partnership starting this NFL season.
Full articleSummary: Auxilio Mutuo Hospital in Puerto Rico selected Oracle Health's EHR system to improve patient care coordination, communication, and decision making. They also integrated Oracle Health’s RevElate Patient Accounting for billing processes. Arkansas Heart Hospital in the US expanded the use of Oracle's EHR and Patient Accounting solutions.
Full articleSummary: Deutsche Bank reiterated a Buy rating on Danaher Corporation and maintained a price target of $270.00 after the company's robust first-quarter performance exceeded expectations. Danaher reported revenue and earnings per share that surpassed analysts' forecasts.
Full articleSummary: Apple Arcade, Apple's games subscription service, has seen success in 2023 with critical metrics reaching record highs, offering curated and family-friendly games with no ads or in-app purchases. The service continues to focus on indie games and innovative titles, while facing challenges from competitors and criticism from some developers.
Full articleSummary: Walt Disney Co. and IBM Corp. failed to convince New York’s top court of being improperly double taxed on royalty payments from their foreign affiliates.
Full articleSummary: GE Aerospace reported strong first-quarter 2024 results with 15% adjusted revenue growth year-over-year to $8.1 billion and a 34% increase in orders to $11 billion. The company also completed the separation of GE Vernova and raised its full-year profit and free cash flow guidance for 2024.
Full articleSummary: General Electric Co. raised its full-year profit guidance for its aerospace business due to increased revenue from commercial aircraft engines and services. GE Aerospace saw a 24% rise in operating profit and a 15% increase in sales in the first quarter.
Full articleSummary: GE Aerospace reported a first-quarter profit that beat Wall Street estimates, raised forward guidance, and mentioned confusion with results from GE Vernova. The aerospace business reported strong operating profit and revenue with optimistic guidance for 2024.
Full articleSummary: Jorge Heraud, agtech veteran and founder of Blue River Technologies, has joined the board of UK startup Rootwave, which has developed an autonomous weeding system using electricity. Rootwave's approach aims to provide an alternative to herbicides by boiling weeds with electricity, appealing to Heraud due to its safety and efficacy. Heraud's move back to startups signals his focus on innovation and autonomy in agriculture tech.
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