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Google Accelerates India Manufacturing Plans, Chooses Tamil Nadu: Report

By Shivani Kumaresan
May 23, 10:48 AM
Alphabet Inc's (NASDAQ:GOOGL) Google is investing significantly in Tamil Nadu, India, to establish new smartphone production lines for its Pixel phones with Foxconn Technology Co Ltd (OTC:FXCOF). Additionally, Google's Wing subsidiary will produce drones in the same region, marking a major boost for Tamil Nadu's manufacturing sector and aligning with global tech shifts from China.

AAPL

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Ralph Lauren’s Fashionable Finish To FY24: Sales Rise, Dividend Boosted, And New CFO On Board

By Shivani Kumaresan
May 23, 10:15 AM
Ralph Lauren reported a 2% year-on-year increase in fourth-quarter FY24 sales to $1.568 billion, surpassing the analyst estimate of $1.563 billion. Global direct-to-consumer comparable store sales grew by 6%. The company's gross profit reached $1 billion with a margin of 66.6%. Operating income soared 168% to $107.8 million. Adjusted EPS of $1.71 beat the consensus estimate of $1.66.

RL

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What’s Happening With Chemical Company DuPont’s Shares Today?

By Shivani Kumaresan
May 23, 10:11 AM
DuPont Inc. (NYSE: DD) announced plans to split into three publicly traded entities, focusing on Electronics, Water, and a diversified New DuPont. The separation, tax-free for shareholders, will enhance focus and strategic growth. Each entity will have dedicated management and tailored capital strategies. The move aims to deliver sustainable shareholder value and create new opportunities for employees, with completion expected within 18-24 months.

DD

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US Commerce Department Grants $75M To Absolics For Semiconductor Facility In Georgia

By Shivani Kumaresan
May 23, 9:14 AM
The U.S. Commerce Department has awarded Absolics Inc a $75 million grant to build a 120,000 square-foot facility in Covington, Georgia, under the CHIPS and Science Act. This investment will boost U.S. semiconductor technology by advancing glass substrate technology for semiconductor packaging. Expected to create 1,200 jobs, this initiative supports the $52.7 billion government effort to enhance semiconductor manufacturing and development.

AMAT