February 2, 2022 10:11 am
The New York Times Co (NYT) said earlier this week it had purchased Wordle, a website-only word game whose popularity has grown considerably recently. However, the financial details of the transaction were not disclosed. The acquisition comes at a time when the New York Times seeks to expand its digital content and in an attempt […]
Read moreFebruary 2, 2022 8:34 am
ABB Ltd (ABBN) said earlier this week it had expanded its majority stake in Chinese electric vehicle charging provider Chargedot from 67% to 80%. The deal comes as part of ABB E-mobility’s growth strategy and is expected to speed up the expansion of its portfolio to include turnkey EV infrastructure solutions to private and public […]
Read moreJanuary 31, 2022 4:38 pm
The largest pasta maker globally, Barilla, unveiled a new high-end pasta range, as it seeks to keep up with consumer tastes for premium quality foods. The new pasta is to be packaged in bright red carton boxes, so that it can be distinguishable from the company’s traditional pasta packaged in dark blue boxes. Barilla will […]
Read moreJanuary 30, 2022 1:24 pm
Toyota Motor Corp (7203) reported last week a 10.1% growth in total vehicle sales in 2021, making it the largest car maker globally for a second consecutive year, as it widened a lead on its nearest competitor, Volkswagen AG (VOWG). The Japanese auto maker said it had sold 10.5 million vehicles in 2021, including sales […]
Read moreJanuary 27, 2022 8:14 am
Boeing Co (BA) said on Wednesday that it had taken a $3.5 billion charge during the fourth quarter related to longer-than-anticipated delivery delays of its 787 Dreamliner aircraft. As a result, the company swung to an operating loss during the latest quarter following two three-month periods of profits. Manufacturing flaws that resulted in structural defects […]
Read moreJanuary 26, 2022 11:08 am
Raytheon Technologies Corp (RTX) on Tuesday reported a five fold increase in its fourth-quarter profit, since an air travel rebound during the busy holiday season led to higher demand for its aerospace products and services. The wide-body aerojet aftermarket seemed to have recovered after the US government’s decision to open its borders to vaccinated individuals […]
Read moreJanuary 26, 2022 9:02 am
According to a Tuesday report by Bloomberg News, citing sources with knowledge of the matter, NVIDIA Corp (NVDA) is preparing to walk away from its purchase of Arm Ltd from SoftBank Group Corp. NVIDIA had offered $40 billion for the British firm two years ago. According to the report, NVIDIA has informed partners that it […]
Read moreJanuary 25, 2022 8:26 am
Ford Motor Co (F) on Monday unveiled a new, high-priced Raptor variant of its Bronco Sport utility vehicle. Due to Raptor’s enhanced off-roading capabilities and 3.0 liter twin turbo Eco boost engine, Ford will be able to directly compete with Jeep’s Wrangler Rubicon, the auto maker said. The Bronco Raptor is equipped with 37-inch all-terrain […]
Read moreJanuary 24, 2022 7:52 am
Schlumberger NV (SLB), a leading oilfield services company, reported upbeat fourth-quarter results on Friday, as higher prices of crude oil and natural gas underpinned demand for drilling equipment and services. “Absent any further COVID-related disruption, oil demand is expected to exceed pre-pandemic levels before the end of the year and to further strengthen in 2023,” […]
Read moreJanuary 20, 2022 8:35 am
Whitestone REIT (WSR) announced earlier this week its Board of Trustees had appointed Dave Holeman as its next Chief Executive Officer, with immediate effect. The new appointment comes after the employment termination of James Mastandrea as the company’s CEO for cause, who has also been removed as Chairman of the Board. David Taylor, an independent […]
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