Newsfeeds Archive - Page 4 of 398

2 minute read

Starbucks Wins In Supreme Court In Case Involving Fired Memphis Workers

June 13, 2:04 PM

In a pivotal decision that may affect labor disputes nationwide, the U.S. Supreme Court has sided with Starbucks, denying the reinstatement of seven employees dismissed during unionization efforts at a Memphis store.

SBUX

2 minute read

Oracle’s Strategic Pivot To AI And Cloud Computing Yields Market Cap Surge: Report

By Shivani Kumaresan

June 13, 12:56 PM

Oracle Corporation (NYSE: ORCL) solidified its leadership in artificial intelligence with a strategic shift to cloud computing, propelling its market capitalization nearly to $400 billion. Oracle's cloud infrastructure, pivotal for AI projects like OpenAI's expansive models, has dramatically enhanced its market valuation.

CRM

2 minute read

General
News

How Target’s Innovative Strategy Resolves A Multi-Billion Dollar Inventory Crisis: Report

By Shivani Kumaresan

June 13, 11:59 AM

During the COVID-19 pandemic, Gretchen McCarthy, Chief Supply-Chain and Logistics Officer at Target, played a crucial role in transforming retail spaces into distribution hubs, effectively managing overstocked goods.

TGT

2 minute read

What’s Happening With Ford’s Shares On Thursday?

By Shivani Kumaresan

June 13, 11:21 AM

Ford Motor Co (NYSE: F) is facing a downturn in shares after announcing up to 1,600 job cuts at its Valencia, Spain plant, building on last year's reduction of 1,100 positions. This move is part of Ford's strategic realignment in Europe.

2 minute read

Sony Steps Into Theater Business With Alamo Drafthouse Purchase

By Shivani Kumaresan

June 13, 9:57 AM

Sony Pictures Entertainment, part of Sony Group Corp, has acquired the Alamo Drafthouse Cinema, renowned for its unique dine-in movie experience. This move aims to rejuvenate the theater industry, especially as major cities like New York and Los Angeles see a dip in box-office performance.

APIE

2 minute read

Silicon Wars: Samsung Unveils Next-Gen AI Chips to Challenge TSMC’s Dominance

By Shivani Kumaresan

June 13, 9:33 AM

Samsung Electronics Co Ltd (OTC ) showcased its cutting-edge foundry technologies and AI-driven strategic vision at the Samsung Foundry Forum in San Jose, revealing new process nodes, SF2Z and SF4U, aimed at boosting AI chip production. These innovations underscore Samsung's commitment to leading the AI semiconductor revolution, aiming to challenge the market dominance of Taiwan Semiconductor Manufacturing Co.

ARM

2 minute read

Nike’s Bid To Trademark ‘Footware’ Thwarted By EU Court

By Shivani Kumaresan

June 13, 9:24 AM

Nike loses EU trademark case for 'footware' to Puma SE, ordered to pay legal fees. Can still appeal to higher court. Stock down 12% in past year.

FDIS

2 minute read

General
News

What’s Going On With Pfizer On Thursday? Pharma Giant’s Shares Tick Lower

By Shivani Kumaresan

June 13, 9:18 AM

Pfizer Inc. reported that its Phase 3 CIFFREO study on Duchenne muscular dystrophy (DMD) gene therapy did not meet its primary effectiveness goal. Despite efforts to improve motor functions in boys aged 4 to 7 using a modified human dystrophin gene, the trial showed no significant progress, affecting Pfizer's quest for new treatments as it diversifies beyond its COVID-19 portfolio.

PFE

2 minute read

Shining Through Challenges: Signet Jewelers Reports Mixed Q1 Results, Optimistic Outlook

By Shivani Kumaresan

June 13, 8:53 AM

Signet Jewelers reported its first-quarter FY25 earnings, with sales decline of 9.5% year-on-year to $1.510 billion, marginally missing the analyst consensus estimate of $1.514 billion. Adjusted EPS of $1.11 beat the consensus estimate of $0.85.

SIG

2 minute read

Honda’s New Commercial-Use Mini-EV To Hit Japan’s Streets In October: Details

By Shivani Kumaresan

June 13, 8:27 AM

Honda Motorannounces the October launch of the N-VAN e, a versatile mini-electric vehicle designed for commercial use in Japan. With a reported price tag of ¥2.44 million ($15,550), the model supports a 245 km range per charge and features a unique design optimizing cargo space.

HMC