Summary: The global contactless ticketing market is expected to experience significant growth due to factors such as the growing demand for smart ticketing, high adoption of blockchain technology, and developments in the intelligent transportation market.
Full articleSummary: Lockheed Martin released a statement containing forward-looking information on various factors that could impact the company's performance and future results, including governmental policies, budget uncertainties, supply chain disruptions, geopolitical issues, competition, technological advancements, labor disruptions, and legal proceedings.
Full articleSummary: Lockheed Martin Corp. reported better-than-expected first-quarter operating income and earnings per share due to increased delivery of fighter jets and missile systems.
Full articleSummary: Starbucks is involved in a legal battle with the National Labor Relations Board after firing 7 workers trying to unionize; Supreme Court to hear the case which could impact NLRB's power in similar cases; Starbucks and Workers United to restart talks for contract agreements.
Full articleSummary: PepsiCo reported a rise in first-quarter earnings and sales, with net income of $2.04bn and net revenue up 2.3%. The company backed its guidance for 2024, expecting at least 4% organic revenue growth and at least 8% core constant currency earnings per share growth.
Full articleSummary: Institutions hold a substantial amount of Coca-Cola shares, owning more than half of the company, with the top 25 shareholders holding 47% of the business. Analysts suggest that the recent 4.3% gain in share price could signal a positive trend for institutional investors. Insider ownership is under 1%, with board members collectively owning US$1.8b worth of shares. The general public owns 28% of the company.
Full articleSummary: Lockheed Martin Corp. reported a decrease in profit for the first quarter compared to last year but beat Street estimates. Revenue rose by 13.7% to $17.20 billion.
Full articleSummary: PepsiCo Inc. reported first-quarter earnings of $2.04 billion, with a profit of $1.48 per share and adjusted earnings of $1.61 per share.
Full articleSummary: Lockheed Martin Corp. reported better-than-expected first-quarter earnings, with net income of $6.39 per share and revenue of $17.2 billion. The company also provided a positive outlook for full-year earnings and revenue.
Full articleSummary: FPT and Nvidia collaborating to finance and build a $200 million AI factory in Vietnam to create a 'one-stop shop' for AI and cloud computing, aiming to establish Vietnam as an 'AI hub of the world' and accelerate the adoption of AI applications in neighboring countries. The factory will provide cloud GPU services to corporate customers of FPT and incorporate Nvidia's programs into educational curriculum and activities.
Full articleSummary: Medtronic has launched the Avalus Ultra valve, an advanced surgical aortic tissue valve in the US, featuring a low valve profile, PEEK base frame, and industry-leading Effective Orifice Area for improved blood flow. It is designed to simplify implantation and facilitate patient management over a lifetime.
Full articleSummary: Lockheed Martin has transferred the Long Range Discrimination Radar (LRDR) to the US Missile Defense Agency, enabling the monitoring of multiple targets including ballistic missiles, and has received a contract to build the Next Generation Interceptor (NGI) to replace an existing defense system.
Full articleSummary: Chinese entities purchased advanced Nvidia chips embedded in servers made by Super Micro, Dell, and Gigabyte via resellers despite US chip curbs, which were expanded last year. The tender documents reviewed by Reuters show 10 Chinese entities acquired these chips between November 20 and February 28, with the servers containing Nvidia's most advanced chips.
Full articleSummary: Comcast announced a $1 million donation to support small business growth in metro Atlanta and the return of Comcast RISE program aimed at helping small businesses. The program will provide grants, marketing, technology support, and education resources to selected businesses in designated zip codes of selected cities.
Full articleSummary: Eli Lilly and Company (LLY) to acquire a manufacturing facility from Nexus Pharmaceuticals, expanding their U.S. capacity to produce medicines, with production expected to start at the end of 2025.
Full articleSummary: Lockheed Martin reported better-than-expected first quarter EPS and revenue results. However, the FY 2024 EPS guidance is slightly below analyst estimates. The stock price closed at $461.33, showing mixed performance over the last 3 and 12 months.
Full articleSummary: Pfizer and BioNTech have requested the revocation of Moderna's patents related to mRNA technology at a London court, leading to global legal battle over COVID-19 vaccine technology.
Full articleSummary: Lockheed Martin reported better than expected Q1 earnings with EPS of $6.33 and revenue of $17.2 billion. However, the company's FY2024 EPS guidance is slightly below consensus.
Full articleSummary: KellyOCG, a supplier of Managed Service Provider (MSP) and Recruitment Process Outsourcing (RPO) solutions to John Deere in the U.S. and Canada, has earned recognition as a Partner-level supplier for 2023 in the John Deere Achieving Excellence Program for the fourth time. KellyOCG was also recognized for providing cost-reduction ideas of outstanding quality in the John Deere Cost Reduction Opportunities Process (JD CROP).
Full articleSummary: Chinese universities and research institutes obtained high-end Nvidia AI chips through resellers despite US export restrictions, 10 mainland entities acquired advanced Nvidia chips, Nvidia and server makers stated compliance with laws and investigations, China's access to advanced chips could support AI for military applications.
Full articleSummary: Thermo Fisher Scientific Inc. is set to report its first-quarter 2024 results with analysts expecting revenue of $10.1 billion and earnings per share of $4.70. The company's shares have been trading below their 52-week high and have a market capitalization of $209 billion.
Full articleSummary: Bristol Myers Squibb and Cellares have entered a worldwide capacity reservation and supply agreement for the manufacturing of CAR T cell therapies valued at up to $380 million. The collaboration aims to enhance manufacturing capabilities and meet the growing demand for cell therapies.
Full articleSummary: KellyOCG, the outsourcing and consulting group of Kelly, has earned recognition as a Partner-level supplier for 2023 in the John Deere Achieving Excellence Program. They were also recognized in the John Deere Cost Reduction Opportunities Process for providing high-quality cost-reduction ideas.
Full articleSummary: Greg Yu has been promoted to general manager at J.P. Morgan Securities China Company, a subsidiary with 160 staff in China.
Full articleSummary: Danaher Corporation reported lower sales and net income for the first quarter compared to the same period last year. Earnings per share also decreased across all metrics.
Full articleSummary: Pfizer and BioNTech have asked a London court to revoke rival Moderna's patents over technology key to the development of COVID-19 vaccines, leading to a global legal battle.
Full articleSummary: Duality Advisers LP acquired a new stake in shares of Exxon Mobil Co. during the 4th quarter, with other hedge funds also increasing their stakes. Analysts have mixed ratings on XOM, with some upgrading to 'buy' and setting higher price targets.
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