Summary: Medtronic plans to lay off 44 employees at its facility in Carlsbad, California, as part of ongoing restructuring and relocation. Job cuts have been common in the medical device industry since early 2023, with several other companies also announcing layoffs.
Full articleSummary: ExxonMobil Corp. reported earning $36 billion in the fourth quarter, doubling its 2019 revenues, attributed to acquisitions of Denbury Resources and Pioneer Natural Resources. The company plans to invest $23-25 billion to grow low cost assets, shift product mix, reduce emissions and achieve $15 billion cost savings through 2027.
Full articleSummary: Boeing's shares surged over 3% in Monday afternoon trading session due to a successful $77 billion bond sale and talks with Turkish Airlines for a new fleet of airplanes. Despite concerns about airplane quality, Boeing's sales remain steady.
Full articleSummary: Boeing (NYSE:BA) saw shares surge over 3% in Monday afternoon’s trading session due to successful bond sale and ongoing talks with Turkish Airlines to sell a new fleet of airplanes.
Full articleSummary: EU regulators announced that Apple's iPadOS will be subject to the Digital Markets Act regulations, similar to the iPhone, giving users the ability to use alternate app stores and browser engines.
Full articleSummary: Comcast, a standout in diversified media, faces challenges in its broadband and NBCUniversal's Peacock, despite growing revenues. Experts believe in Comcast's ability to navigate hurdles with a strong track record of diversification.
Full articleSummary: Serko Limited signs a five-year partnership renewal with Booking.com, providing a strong foundation for future global growth and scale.
Full articleSummary: Pfizer is expected to report significant declines in first-quarter revenues and earnings per share compared to the year-ago quarter, primarily due to lower demand for its COVID-19 products. However, the company's investments in new products, acquisitions, and research are expected to drive operational growth in 2025 and beyond. Pfizer's stock has declined 35.2% in the past year.
Full articleSummary: Comcast announces new Xfinity Military Discount program, commits to investing over $1 million in nonprofits serving the military community in 2024, and releases 'The Aviators' ad campaign honoring airmen. The new discount program includes a $180 Visa Gift Card, a free Xfinity Mobile line for a year, upgrades in Xfinity Rewards, and free Peacock Premium access. The investment in nonprofits will support organizations like NPower, Wounded Warrior Project, and USO.
Full articleSummary: Dow sets Edison Awards record for the most awards received by a single organization for the third consecutive year, with twelve innovations recognized in 2024 across various categories promoting sustainability and performance benefits.
Full articleSummary: Deep-pocketed investors are adopting a bullish approach towards Intuit (INTU) based on significant options activities suggesting potential big moves in the stock.
Full articleSummary: BD (Becton, Dickinson and Company) will present at the Bank of America Securities Health Care Conference 2024 on May 14, 2024, at 11:00 am Eastern Time. The company is a leading global medical technology company that supports the advancement of health care through innovative technology and solutions.
Full articleSummary: The EU has designated Apple's iPadOS as a gatekeeper under its DMA rules, giving Apple six months to comply with various preemptive measures to ensure fairness and contestability on the platform.
Full articleSummary: Better Choice Company Inc. received a notice from NYSE American stating it is not in compliance with continued listing standards due to low stockholders' equity and recent losses. The Company must submit a plan by May 24, 2024, to regain compliance by October 24, 2025.
Full articleSummary: 2 analysts have expressed bullish sentiments on DTE Energy (DTE) and Northwestern (NWE) in the Utilities sector. DTE Energy received reiterated Buy rating and positive price target estimates from Bank of America Securities and Barclays. Northwestern maintained a Buy rating from Wells Fargo with an optimistic price target.
Full articleSummary: Oil prices traded lower on U.S. inflation concerns, PetroChina's net profit rose on higher sales, energy companies like Exxon and Chevron are experiencing slowing earnings growth and NextEra Energy Partners considers private capital raise due to financial challenges.
Full articleSummary: Boeing raised $10 billion through debt markets to improve liquidity and manage upcoming debt maturities. Credit rating agencies assigned ratings nearing junk status to Boeing's new senior unsecured notes.
Full articleSummary: Target Corp's CEO, Brian Cornell, saw an increase in his compensation, mainly through stock awards, bonuses, salary, and other perks. The company has faced challenges with declining store sales, but Cornell remains optimistic about future growth.
Full articleSummary: Finian O’Shea from Wells Fargo maintained a Buy rating on Hercules Capital (HTGC – Research Report) with a price target of $19.50.
Full articleSummary: BD (Becton, Dickinson and Company) will present at the Bank of America Securities Health Care Conference 2024 on Tuesday, May 14, 2024. The live webcast of the presentation can be accessed from the BD investor relations website.
Full articleSummary: Intel faces processor issues related to video gaming, blames motherboard makers for lack of stability, and leaks details about upcoming Arrow Lake processor line. Analysts have a Hold consensus rating on INTC stock with potential upside.
Full articleSummary: United Parcel Service, Inc. (UPS) stock price was up 0.9% during trading on Monday with average daily volume declining by 85%. Wall Street analysts have mostly rated UPS as 'Hold' with price targets ranging from $95 to $175. The company recently reported quarterly earnings, beating analysts' estimates.
Full articleSummary: Brazilian digital bank C6, backed by JPMorgan Chase, reported its first-ever profit in the first quarter as revenue increased and credit losses fell.
Full articleSummary: Honeywell announces a quarterly dividend of $1.08 per share to be paid on June 7, 2024, showcasing commitment to future industries like automation, future aviation technology, and energy transition.
Full articleSummary: Nvidia emerges as a pioneer in AI technology with the upcoming release of its Blackwell GPU
Full articleSummary: Chevron expects to resolve the arbitration dispute with ExxonMobil over a Guyana oil contract in the coming months, potentially clearing the way for the completion of the $53 billion acquisition of Hess Corp.
Full articleSummary: The Phoenix Suns are facing a bleak outlook in the NBA after getting swept by the Minnesota Timberwolves, leading to discussions about potentially trading Kevin Durant or Devin Booker.
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