Summary: Chevron's affiliate Tengizchevroil LLP has safely started operations at its Wellhead Pressure Management Project (WPMP) at the Tengiz oil field, designed to maintain existing processing plants' full capacity. The Future Growth Project (FGP) expansion is progressing, with an expected completion by the first half of 2025.
Full articleSummary: More than a quarter of shareholders at Bank of America and Goldman Sachs supported a resolution for the banks to disclose their ratios of clean energy to fossil fuel financing at their respective annual board meetings Wednesday.
Full articleSummary: IBM is in a legal battle with LzLabs over the latter's Software-Defined Mainframe technology, which allows running IBM mainframe applications on open-source platforms. LzLabs argues it did not unlawfully reverse-engineer IBM's software. The case is being fought in the High Court in London.
Full articleSummary: The Supreme Court rejected Tesla CEO Elon Musk’s appeal to back out of a settlement agreement with the SEC over misleading tweets in 2018, affirming the provision that requires a company lawyer to approve his social media posts about Tesla.
Full articleSummary: Honeywell International Inc. specializes in manufacturing and marketing industrial equipment, as well as providing maintenance, technical support, and engineering services. The company's net sales are broken down by product families as follows: - aerospace equipment (37.2%): engines, navigation hardware and software, propulsion and communication systems, satellite and space components, lighting equipment, wheels, etc. The group also offers turbochargers for motor vehicles; - performance materials and technologies (31.4%): polymers, fibers, resins, acids, additives, catalysts, sorbents, semiconductor packaging materials, coating materials, etc; - building automation and control systems (16.4%): heating and ventilation control systems, fire alarms, thermostats, monitoring systems, etc; - security solutions and productivity optimization (15%): personal security equipment, alert systems, gas detection systems, data collection and thermal printing computer solutions, warehouse and supply chain automation systems, data management solutions, production processes, etc. Net sales are geographically distributed as follows: United States (57%), Europe (22%), and others (21%).
Full articleSummary: General Dynamics (NYSE:GD) had its price target raised by Argus from $290.00 to $310.00 with a 'buy' rating, suggesting a potential 7.11% upside from the previous close. Several other brokerages also increased their price targets and ratings for GD. General Dynamics stock traded up to $289.42 on Monday.
Full articleSummary: Ascension is collaborating with Oracle to develop a unified technology platform to address capacity, workforce, and supply chain management needs. The partnership aims to integrate operational and clinical systems for improved efficiency and cost management.
Full articleSummary: Axel Springer and Microsoft have announced an expanded partnership across advertising, AI, content, and cloud computing to support independent journalism worldwide.
Full articleSummary: The Estée Lauder Companies and Microsoft Corp. expanded a global strategic partnership with an AI innovation lab leveraging Microsoft's Azure OpenAI Service. The partnership aims to enhance marketing effectiveness and respond to trends faster through generative AI tools. Microsoft also made its Copilot AI companion generally available to all advertisers.
Full articleSummary: Nike announced it will make changes to its much-criticized MLB uniforms, aiming to address issues like small player names and mismatched colors, ill-fitting pants, and different shades of uniforms. Fanatics also expressed importance of soliciting player feedback, subtly blaming Nike for the uniform debacle.
Full articleSummary: The Coca-Cola Company and Microsoft have expanded their strategic partnership to include Microsoft’s generative AI capabilities in order to experiment with emerging tech and develop solutions for various Coca-Cola business functions. The partnership aims to utilize Microsoft's AI assistant, Copilot, to enhance productivity and save thousands of man-hours at Coca-Cola. Microsoft has demonstrated its dominance in the AI sector, contributing to its tripling market capitalization over the past three years.
Full articleSummary: Costco is set to open a store in Malaga Nostrum shopping centre in 2026 as part of a big revamp. The first stage will involve adapting the old Conforama furniture store into a cinema. Costco's hypermarket will have a car park, tyre sales store, restaurant, petrol station, and offices.
Full articleSummary: Colgate reported strong quarterly results with sales up 6.2%, marking ninth consecutive quarter of growth. Company's valuation stagnated until 2024 when share price surged due to return of sales growth. Colgate took advantage of recent inflation with organic growth at 9.8% in Q1 2024, fueled by price increases.
Full articleSummary: Shane Lowry's win at the Zurich Classic secures his spot in the Wells Fargo Championship, Memorial Tournament, and Travelers Championship. Martin Trainer and Chad Ramey move into position to earn exemptions into Wells Fargo.
Full articleSummary: Intel is set to release a new desktop platform called Arrow Lake, which will feature a brand new LGA 1851 socket and chips produced through a more advanced process. The upcoming chips will come in two configurations - either 8P+16E for high-end CPUs or a 6P+8E design. Arrow Lake is expected to offer several firsts for Intel, with potential utilization of TSMC 3nm for high-end chips.
Full articleSummary: Boeing [BA] acquires GKN Aerospace’s site in St. Louis to support production of F/A-18 and F-15 fighter aircraft.
Full articleSummary: Norfolk Southern Corp. issued a statement regarding Ancora Holdings Group LLC negotiating and signing an 'unauthorized' memorandum of understanding with the Brotherhood of Locomotive Engineers and Trainmen. The agreement undermines NS' bargaining process in violation of the Railway Labor Act.
Full articleSummary: Despite being more affordably priced than other NVIDIA GPUs, the RTX 4060 Ti is facing inventory challenges but is likely to maintain availability in the market. There is a possibility of price increases in the future due to high demand and low supply.
Full articleSummary: Microsoft's AI assistant Copilot is now available for all advertisers on Microsoft Advertising Platform, offering AI-powered capabilities like natural language chat, ad creative recommendations, and AI-generated assets.
Full articleSummary: Bernstein upgraded Apple ahead of its fiscal second-quarter earnings, estimating strong potential with generative AI features in the next iPhone and tailwinds from replacement cycle.
Full articleSummary: Starbucks laid out promises ahead of Q2 earnings, including initiatives like pop-up experiences and global barista championship. Despite efforts, challenges like flagging foot traffic, competition, union conflicts, staffing issues, and decreased traffic persist. Analysts believe promises may not drive growth directly, but show willingness to reinvest. Wall Street estimates adjusted EPS to be $0.80 (up 9.61%) and revenue to grow 5% from a year ago. Company expects a lower revenue and sales growth range for fiscal year 2024.
Full articleSummary: Intel has addressed stability concerns related to their 13th and 14th Generation CPU chips, stating that the issues may be due to actions by motherboard manufacturers operating the CPUs outside of Intel's recommended settings.
Full articleSummary: Blue Chip Partners LLC reduced its position in Caterpillar Inc. by 88.9% in the 4th quarter, with institutional investors and hedge funds also adjusting their stakes in the company. Various research firms have recently provided ratings and target prices for CAT, while insider activity includes significant stock sales. Caterpillar's stock price increased by 2.1% on Monday, reaching $350.46. The company reported strong earnings results, surpassing expectations, and announced a quarterly dividend.
Full articleSummary: General Dynamics (GD) has been one of the most searched-for stocks on Zacks.com lately, with the Zacks Aerospace - Defense industry experiencing a decline in the past month. The company is expected to post positive earnings growth in the near term, with a Zacks Rank #3 (Hold) and a valuation grade of C, indicating trading at par with its peers.
Full articleSummary: New options for CVS Health Corporation (CVS) began trading today for the March 2025 expiration. There are opportunities for sellers of puts and calls to achieve higher premiums due to the time value with 326 days until expiration. Stock Options Channel has identified a put and call contract of interest at strike prices of $47.50 and $70.00 respectively.
Full articleSummary: Fool.com contributor gives insights on whether Alphabet stock is a buy at current valuations. The Motley Fool Stock Advisor team did not include Alphabet in their list of 10 best stocks for investors to buy now, instead highlighting stocks that could produce high returns in the coming years.
Full articleSummary: Analyst Michael Rollins from Citi reiterated a Hold rating on Charter Communications (CHTR) but lowered the price target to $280.00 due to concerns over declining broadband subscribers and factors affecting future performance. The stock continues to be viewed neutrally in light of these challenges.
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