Summary: Coca-Cola is building a $650 million production facility for its dairy brand Fairlife in Webster, NY with assistance from Empire State Development.
Full articleSummary: Bristol Myers Squibb has signed a $380 million worldwide capacity reservation and supply deal with manufacturer Cellares to enhance CAR-T cell therapy production. The agreement aims to expand manufacturing capacity and improve the turnaround time for BMS' CAR T therapies.
Full articleSummary: FedEx announces ProShip multi-carrier shipping software as the 2023 Solution of the Year for the third time, citing its commitment to innovation, exceptional customer service, and industry standards.
Full articleSummary: Asus has released a new BIOS update with an 'Intel Baseline Profile' option to address crashing issues faced by Intel Core i9 14th-gen and 13th-gen processor users while playing games built with the Unreal Engine.
Full articleSummary: Caterpillar Inc. (CAT) is expected to beat earnings with recent favorable earnings estimate revisions as analysts have raised the estimates for the current quarter, giving the stock a Zacks Earnings ESP of +10.61% heading into earnings season.
Full articleSummary: Oracle Cloud Infrastructure revenue is booming due to its unique attributes, including mission-critical expertise, broad AI capabilities, deployment flexibility, and multi-cloud vision. The company's fiscal Q3 results show significant growth in cloud revenue, with OCI services leading the acceleration.
Full articleSummary: Ford vehicles including Bronco Sport SUVs and Mavericks are being recalled due to various risks such as engine stalling and incorrect information labels.
Full articleSummary: King Ranch, the largest ranch in the US, has collaborations with Ford Motor Co. on a special edition Super Duty F-250 4x4 Crew Cab King Ranch.
Full articleSummary: Boeing's fighter jet division in Saint-Louis faces existential threat as subcontractor GKN Aerospace announces closure of its industrial site in Missouri, posing a challenge to production of F/A-18 and F-15EX. The closure could lead to factory in Missouri ceasing operations by 2025.
Full articleSummary: The U.S. House of Representatives has passed a bill proposing a ban on TikTok in the country if not sold within a year, with Microsoft and Oracle as likely buyers but analysts suggesting Meta Platforms and Google could emerge as real winners.
Full articleSummary: Analysts are neutral on PayPal Holdings and Western Alliance with neither bullish nor bearish ratings. Wells Fargo analyst Andrew Bauch maintains a Hold rating on PayPal with a $60.00 price target, while Wells Fargo analyst Timur Braziler maintains a Hold rating on Western Alliance with a price target of $68.00.
Full articleSummary: Shareholder proposals urge rejecting appointments of ExxonMobil executives due to alleged retaliation against shareholders for discussing carbon emissions. Proxy exempt solicitations call to vote against CEO Darren W. Woods and lead independent director Jay L. Hooley.
Full articleSummary: FedEx awards ProShip multi-carrier shipping software as the 2023 Solution of the Year for the third time, recognizing its commitment to innovation, customer service, and industry standards.
Full articleSummary: Numerous Nvidia customers are reporting earnings this week. Recent updates impacting Nvidia and other semiconductor companies discussed in a video published on April 21, 2024.
Full articleSummary: A decade-long investment in Pfizer Inc (PFE) made in 2014 would have resulted in a 2.58% average annual return and a total return of 29.01% as of 04/19/2024. Dividends reinvested/share of $13.47 and a current yield of approximately 6.46% are notable aspects of the investment.
Full articleSummary: Wells Fargo analyst Joe O’Dea maintained a Hold rating on 3M (MMM – Research Report) with a price target of $100.00. J.P. Morgan also maintained a Hold rating with a $110.00 price target. The analyst consensus on 3M is a Hold with an average price target of $105.44. 3M reported a quarterly revenue of $8.01 billion and a net profit of $945 million.
Full articleSummary: Bank of America's short percent of float has risen 6.06% since its last report, with 72.08 million shares sold short. Short interest can act as an indicator of market sentiment towards a particular stock, and an increase in short interest can signal that investors have become more bearish.
Full articleSummary: Hindustan Coca-Cola Beverages (HCCB) completes upskilling initiative training 25,000+ youth in sales and marketing across 8 states in India, with a focus on job-relevant skills and employability. The program includes online training, face-to-face interaction, and connection to employment opportunities in local industries.
Full articleSummary: Three lesser-known Indian companies have outperformed chip giant Nvidia and electric vehicle maker Tesla in creating shareholder wealth.
Full articleSummary: Ford has recalled over 55,000 trucks and SUVs due to a battery detection issue that may increase crash risk, impacting Bronco Sport SUVs and Maverick trucks.
Full articleSummary: Ford has made its Predator 5.2-liter V-8 engine available once again in crate form for $29,500, delivering 760 hp in the Mustang Shelby GT500 and slightly detuned to 720 hp in the F-150 Raptor R. The engine is not street-legal due to emission violations. It has a dry weight of 536 pounds and features a supercharger design, forged components, and various included parts.
Full articleSummary: Medtronic introduces live streaming to its Touch Surgery Ecosystem (TSE) enabling remote real-time observation in operating rooms and expands AI analytics capabilities. Additionally, two of Medtronic's patents related to sacral neuromodulation were upheld by the US courts, allowing a full infringement lawsuit against Axonics to proceed.
Full articleSummary: Cisco and Morgan Solar are piloting a project to power collaboration and meeting spaces with solar energy, utilizing Energy Blinds for solar energy capture and PoE switch for energy distribution, aiming to advance sustainability goals for businesses.
Full articleSummary: Costco is set to open a new store near Hobby Lobby in The Villages, Florida, as announced by Sumter County Commissioner Don Wiley. Costco, a membership-based store, was founded in 1983 in Seattle and currently has 871 warehouses worldwide.
Full articleSummary: ExxonMobil has invited contractors to assist in preparing for the vast Rovuma LNG project in Mozambique, including tenders for engineering design, construction camps, and subsea-to-shore gas gathering facilities. A final investment decision on the 18Million tonnes per annum Liquefied Natural Gas Plant is expected in 2025.
Full articleSummary: UBS raised its price target for IBM from $125 to $130, but still maintains a 'sell' recommendation due to lowered sales forecasts following a recent business sale.
Full articleSummary: Analysts project a decline in Gilead Sciences' quarterly earnings and revenues. They have revised the EPS estimate lower, indicating a reevaluation of initial estimates. Various product sales are predicted to either increase or decrease compared to the prior-year quarter.
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