Summary: Colgate-Palmolive (India) Ltd. stock traded at Rs 2843.1, up 0.58% from the previous close. Market value stood at Rs 76876.74 crore with positive financial ratios like P/E of 60.33 and ROE of 60.84%.
Full articleSummary: Microsoft announces a $1.7 billion investment in Indonesia over four years for new cloud and AI infrastructure, training 840,000 Indonesians in AI skills, and supporting local developers.
Full articleSummary: Caterpillar Inc. plans to delist its shares from Euronext Paris and the SIX Swiss Exchange by the end of 2024 due to low trading volumes, costs, and administrative requirements.
Full articleSummary: Bristol Myers Squibb collaborates with Scenic Biotech to utilize the Cell-Seq technology platform for identifying target biology, with Scenic receiving upfront and potential milestone payments.
Full articleSummary: The U.S. FDA granted full approval for Pfizer's drug for treating cervical cancer, Tivdak, based on positive late-stage trial results.
Full articleSummary: Charles Schwab released its monthly activity report for November 2022, showing a decline in core net new assets and total client assets compared to the previous periods. The company continues to see growth in brokerage accounts but experienced declines in average assets and balances.
Full articleSummary: Skylands Capital LLC reduced its position in Union Pacific Co. by 14.1% during the 4th quarter, several other hedge funds and institutional investors also made changes to their positions. Insider transactions involved President Elizabeth F. Whited selling shares. Wall Street analysts forecast growth for UNP. Union Pacific reported earnings that beat estimates. The company announced a quarterly dividend.
Full articleSummary: Colgate-Palmolive (India) Ltd. stock gained 0.58% to Rs 2843.1 in Tuesday's session with a market capitalization of Rs 76876.74 crore. The company reported a net profit of Rs 330.11 crore for the latest quarter.
Full articleSummary: Texas Instruments (NASDAQ:TXN) has received a consensus rating of 'Hold' from analysts, with three analysts recommending sell, ten recommending hold, and seven recommending buy. The average target price is $180.74. Texas Instruments recently reported quarterly earnings results that beat estimates.
Full articleSummary: ConocoPhillips had its target price dropped by research analysts at Truist Financial with a 'buy' rating and a potential upside of 22.87% from the stock's previous close. Several other equities analysts also raised their price targets and gave positive ratings to the energy producer's stock.
Full articleSummary: Piasecki Aircraft is proposing an updated version of a concept study to modify the Boeing CH-47 Chinook by combining twin-rotor system with tiltwing and twin tilting ducted fans. It aligns with the U.S. Army's focus on longer range troop transport and logistics support.
Full articleSummary: The Dow Jones Industrial Average has not performed as well as the Nasdaq Composite and S&P 500 indexes this year, but there are opportunities for investors in some of its components, such as Verizon and American Express. Verizon offers a high dividend yield of 6.7% with low valuation, while American Express has been raising its dividend payout and has room for more increases despite some credit quality concerns. Both stocks present potential for long-term growth and income.
Full articleSummary: The National Highway Traffic Safety Administration (NHTSA) is investigating Ford's hands-free BlueCruise driver assistance technology after it was possibly involved in two crashes resulting in three fatalities. Approximately 130,000 Ford vehicles with BlueCruise are on the road. If a recall is issued, it could have significant implications for Ford.
Full articleSummary: Some of the reliably profitable businesses in the Dow Jones Industrial Average index have underperformed this year due to the flawed nature of the price-weighted index; however, two stocks, Verizon and American Express, stand out as potential dividend growth opportunities.
Full articleSummary: A new in-depth market study on the Global Real Estate market has been added to the Xcellent Insights database, providing insights into various aspects such as market definition, market size, share, future trends, drivers, constraints, opportunities, challenges, and potential threats. The report aims to help companies efficiently achieve their objectives and stay updated with the latest trends and information. The report covers historical and current trends, analyses key market drivers, and provides detailed information on market definition, size, share, revenue CAGR, market consumption, drivers, constraints, growth opportunities, and technological advancements. The competitive landscape of the global real estate market is highly fragmented, with players operating at global and regional levels. The report includes company profiles of key market participants and detailed information on product launches, product expansions, business infrastructure, marketing strategies, and future competitive products and services.
Full articleSummary: The US Department of Homeland Security forms an Artificial Intelligence Safety and Security Board with members from the tech industry, government, academia, and civil rights organizations. However, the board faces challenges due to the diverse applications of AI and potential disagreements on what constitutes a threat. Criticism arises over the heavy representation of tech industry CEOs on the board.
Full articleSummary: Costco has been a resilient retail stock with great potential due to membership growth, expanding brick-and-mortar presence, consistent comps growth, and stabilizing margins.
Full articleSummary: Intel is aiming for improved growth with new processors, technologies, and the expansion of its Intel Foundry business. CEO Pat Gelsinger expects sequential revenue growth to strengthen throughout the year and into 2025, driven by enterprise refresh cycles, data center recovery, and cyclical recoveries in various businesses. The company also transitioned to a new operating model to enhance transparency and accountability for better decision-making.
Full articleSummary: RTX Co. CEO sold 89,762 shares of company's stock at an average price of $101.44, leading to a total value of $9,105,457.28. Despite the sale, the CEO still owns 636,759 shares in the company. RTX also recently announced a quarterly dividend, paid on March 21st, with a dividend yield of 2.30%.
Full articleSummary: Repertoire Immune Medicines has collaborated with Bristol Myers Squibb to develop tolerising vaccines for autoimmune diseases. The partnership will leverage Repertoire’s DECODE platform to map the immune synapse and create targeted treatments with the expertise of Bristol Myers Squibb in developing and commercialising new immune medicines. Repertoire will receive $65m upfront and could earn $1.8bn in additional payments, including development, regulatory and commercial milestones and tiered royalties.
Full articleSummary: IBM and LzLabs are in a legal battle over allegations that LzLabs illegally reverse-engineered IBM's mainframe software to create its Software Defined Mainframe (SDM) product line that allows running mainframe programs on commodity servers and in the cloud.
Full articleSummary: U.S. Treasury yields slightly higher as investors await economic data and Fed meeting for interest rate decision and guidance on rate cuts. Recent economic data suggesting persistent inflation and resilient economy have pushed expectations for rate cuts from June to September.
Full articleSummary: Tether, the entity behind USDT stablecoin, has acquired a majority stake in Blackrock Neurotech through a $200 million strategic investment to help fund the roll-out and commercialization of medical devices powered by brain signals for neurological disorders and paralysis.
Full articleSummary: Foxconn is closing factories in China as iPhone production moves elsewhere, impacting local communities and other nearby areas. The deserted industrial park once employing 50,000 people showcases the changes in Apple's production operations and the subsequent fallout in the region.
Full articleSummary: Norway's sovereign wealth fund plans to support a shareholder proposal demanding PepsiCo to conduct a biodiversity risk assessment, challenging PepsiCo's board recommendation. The fund also plans to vote against the compensation of PepsiCo's named executive officers and the reelection of the chairman and CEO.
Full articleSummary: Meta's Oversight Board project is facing challenges with funding cuts leading to staff reductions, potentially impacting its role as an arbitrator and delaying decision-making processes. Despite this, the Board remains important for reviewing moderation decisions, such as the high-profile case of banning former President Trump.
Full articleSummary: Proxy advisory firms ISS and Glass Lewis recommend BlackRock shareholders vote against CEO Larry Fink's 2023 compensation, citing concerns over pay and performance alignment. Glass Lewis also maintains reservations on retention awards for executive officers.
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