January 30, 2023 9:39 am
Toyota Motor Corp (7203) said on Monday that it had sold 10.5 million vehicles in 2022, while it retained the top spot for global sales for a third consecutive year. Toyota’s global sales dipped 0.1%, as a 9.6% slump in home market sales to 1.9 million vehicles was offset by record overseas sales of 8.6 […]
Read moreJanuary 27, 2023 10:05 am
Futures on US West Texas Intermediate Crude Oil extended gains from the prior trading session on Friday, supported by faster-than-anticipated US GDP growth and optimism over a swift recovery in China’s fuel demand as COVID-19 infections and deaths in the country significantly decreased from recent peak levels. The latest preliminary data by the US Bureau […]
Read moreJanuary 26, 2023 2:59 pm
Amdocs, a provider of software and services to communications and media companies, said on Thursday that it had launched its Subscription Marketplace service, which expands the breadth of Amdocs MarketONE. Major communications service providers across North America, Asia and Europe are already leveraging this marketplace with pre-integrated top-tier partners beyond media, including gaming, business applications, […]
Read moreJanuary 26, 2023 10:09 am
Lockheed Martin Corp (NYSE: LMT) and SAP SE (NYSE: SAP) said on Wednesday that they had expanded their strategic relationship to transform the mission-critical business systems that power Lockheed Martin’s OneLM Transformation Program. The latter represents the business and digital transformation effort that aims to improve Lockheed Martin’s speed, agility, insights and competitiveness. With this […]
Read moreJanuary 25, 2023 12:27 pm
Walmart Inc (NYSE: WMT) announced on Tuesday that it intended to increase average hourly pay for its store workers across the United States, starting in February. With the new wage hikes, the average hourly pay will become $17.50, compared with the current $17.00 per hour, and will reflect in March 2nd paychecks. According to a […]
Read moreJanuary 25, 2023 10:18 am
GAM said on Wednesday that it expected a net loss after tax of about CHF 309.9 million for the entire 2022 due to negative asset flows. The Swiss asset manager also said it expected an underlying pre-tax loss of nearly CHF 42.8 million. “2022 was a challenging year with our financial results seeing the impact […]
Read moreJanuary 24, 2023 11:54 am
Ford Motor Co (F) said on Monday that it expected to record a pre-tax remeasurement gain in its fourth-quarter results of nearly $50 million associated with the company’s pension and other postretirement employee benefits (OPEB) plans. That figure includes a $1.7 billion loss related to pension plans in the United States, a $450 million gain […]
Read moreJanuary 24, 2023 10:26 am
EUR/USD traded in proximity to a fresh nine-month peak on Tuesday, as market players were weighing the chances of US economy entering a recession against the Federal Reserve’s monetary policy outlook. Markets are now pricing two more 25 basis point rate hikes by the Federal Reserve this year and rates peaking at around 5% by […]
Read moreJanuary 23, 2023 12:25 pm
Billionaire Elon Musk said in a tweet over the weekend that Twitter Inc had nearly 2,300 active employees. A CNBC report last Friday stated that Twitter’s full-time workforce had been brought down to 1,300 active, working employees, which included about 550 full-time engineers. Nearly 75 of that headcount are on leave including about 40 engineers, […]
Read moreJanuary 23, 2023 9:50 am
London-based Times newspaper reported over the weekend that the owners of UK supermarket chain Asda and petrol forecourts business EG Group were exploring a merger. Such a combination would result in a retail giant valued at GBP 11 billion to GBP 13 billion with over 581 supermarkets, 700 petrol forecourts and 100 convenience stores across […]
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