Summary: Target CEO Brian Cornell received total compensation of $19.2 million last year, behind Walmart CEO Doug McMillon and ahead of former Costco CEO Craig Jelinek. The median compensation for associates was $26,696, according to Target's annual proxy statement.
Full articleSummary: Caterpillar Inc. to delist its shares from Euronext Paris and SIX Swiss Exchange due to low trading volumes and costs associated with the European listings. Company expects sales drop in the current quarter due to dealers tightening equipment inventories.
Full articleSummary: IBM announced the acquisition of HashiCorp for $6.4 billion during its Q1 earning call, aiming to enhance its hybrid cloud, multicloud, and AI portfolio, with the deal expected to close by the end of 2024.
Full articleSummary: BMO Equal Weight US Bank ETF (ZBK.TO) traded on the Toronto Stock Exchange with shares opening at $29.32 and closing at $29.12, experiencing a slight dip of -0.61%. The TSX Composite, S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all closed with various changes. The ETF has seen a 29.36% increase in the last 52 weeks.
Full articleSummary: Economic catalysts like jobs data, FOMC meeting, and Big Tech earnings may impact markets. Tesla's (TSLA) share price saw a turnaround after CEO Elon Musk's visit to China and approval of 'Full Self-Driving' software.
Full articleSummary: Microsoft is facing capacity constraints in deploying AI copilots across service offerings. However, customers are unlikely to switch to other providers due to the cost and complexity of migrating large amounts of enterprise data.
Full articleSummary: Caterpillar Inc. plans to delist its shares from two European exchanges due to low trading volumes, costs, and administrative requirements. The company will only trade on the New York Stock Exchange after the delisting.
Full articleSummary: Intuit Inc. (NASDAQ:INTU) stock price traded up 1.2% during mid-day trading, with analysts issuing both hold and buy ratings as well as upgrades on the stock. The company recently declared a quarterly dividend and saw insiders selling shares while institutional investors modified their holdings.
Full articleSummary: David Ellison’s Skydance Media aims to potentially take over Paramount Global, drawing attention to ongoing carriage talks with Charter Communications which will expire on April 30. The outcome of these talks could impact the value of Paramount and its future strategic positioning. Analysts foresee challenging renewals and negotiations due to Paramount's declining importance in the digital video landscape.
Full articleSummary: An analysis of Duke Energy Corporation's balance sheet indicates high debt levels, with a heavy debt load and risky use of debt, despite showing some EBIT growth. The company seems to have too much debt, raising concerns about its financial health.
Full articleSummary: Charles Schwab stock traded up 0.4% on Monday and closed at $75.27. Several brokerages have issued ratings on SCHW, with a consensus target price of $74.47. The company also announced a quarterly dividend of $0.25.
Full articleSummary: Pfizer Inc. (NYSE:PFE) faces revenue headwinds due to COVID-19 products and upcoming patent exclusivity losses, resulting in a cautious outlook. The company recently acquired Seagen to boost its oncology pipeline, but analysts project minimal revenue growth through 2028. While the stock trades at attractive dividend yields, its valuation and potential growth uncertainties make it less appealing.
Full articleSummary: A U.S. judge rejected Bristol Myers Squibb's and Johnson & Johnson's challenge to a law requiring them to negotiate prices of their blood clot prevention drugs with Medicare or face penalties. The ruling is part of President Joe Biden's initiative to lower prescription drug costs.
Full articleSummary: Alphabet's first-quarter earnings report led to a surge in stock prices due to double-digit growth in revenue and earnings, announcement of a quarterly dividend and share repurchase plan, and positive reviews from analysts. The company's focus on AI investments, diversified monetization strategy, and fair valuation further justify investing in Alphabet stock.
Full articleSummary: RTX Corp Chairman and CEO Gregory Hayes conducted significant transactions involving company stock, including selling shares worth over $9 million and acquiring shares through the exercise of stock appreciation rights. These transactions are viewed as part of the executives' normal financial management practices. Hayes continues to hold a substantial number of shares in RTX Corp directly and indirectly through family trusts and savings plans.
Full articleSummary: Nike settled trademark infringement lawsuit against Japanese streetwear brand Bape by agreeing to discontinue some sneakers and modify designs through a settlement agreement.
Full articleSummary: Skydance Media aims to potentially take over Paramount Global, with eyes on carriage talks between Paramount and Charter Communications. The outcome could impact Paramount's value and takeover price target, and the future strategic positioning of the company.
Full articleSummary: Bristol Myers Squibb Co. partners with Repertoire Immune Medicines Inc. in a $1.8B autoimmune disease discovery deal
Full articleSummary: Caterpillar plans to voluntarily delist its shares from the Euronext Paris and SIX Swiss Exchange due to low trading volume, costs, and administrative burden.
Full articleSummary: Ford Pro is now taking orders for the newer version of its commercial EV, the E-Transit, with increased range and faster charge times. The 2024 E-Transit features a larger battery providing up to 32% more range, faster charging capabilities, and a higher charging capability. The price of the enhanced E-Transit starts at $51,095 but qualifies for a federal EV tax credit, bringing the price down to $43,595.
Full articleSummary: Federal Reserve's communication around interest rate decisions has created uncertainty in the markets, leading to banks adjusting their projections and companies modifying their guidance. Stakeholders are questioning the accuracy and consistency of the Fed's forward guidance.
Full articleSummary: ExxonMobil released its first-quarter earnings, highlighting its focus on strategic investments, lower-emission technologies, and high-return projects in Guyana and the Permian Basin.
Full articleSummary: A preliminary injunction hearing in an Amgen patent lawsuit against Sandoz over potential generic entry of its Prolia and Xgeva drugs was cancelled, leading to a rise of almost 2% in Amgen shares. The hearing was set to discuss Motion 152 with a decision expected soon.
Full articleSummary: Employees at five Disney Springs restaurants are planning to unionize due to unfair wages and poor working conditions. Workers at nonunion restaurants operated by the Patina Restaurant Group claim to make less than unionized Disney employees.
Full articleSummary: GlaxoSmithKline filed a patent infringement lawsuit against Pfizer and BioNTech in the United States District Court for the District of Delaware for allegedly using GSK's patented inventions in developing their COVID-19 vaccines.
Full articleSummary: Caterpillar Inc. has decided to delist its common stock from Euronext Paris and plans to withdraw its shares from the SIX Swiss Exchange by the end of 2024, continuing to be traded on the NYSE. Shareholders have the option to keep their shares for trading on the NYSE or participate in a voluntary sales facility. The delisting from Euronext Paris is set to take place on May 28, 2024.
Full articleSummary: Caterpillar Inc. will delist its shares from two European exchanges due to low trading volumes, costs, and administrative burdens. The stock will only trade on the New York Stock Exchange after the delisting.
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