January 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 […]
Read moreJanuary 20, 2022 8:08 am
Daimler Truck, which spun off from Daimler (DAIGn) in December, reported a 20% sales growth to 455,000 units in 2021. Yet, the sales figure was 13% below pre-pandemic levels. Trucks Asia reported the highest growth last year, or 30%, while the Buses segment reported zero growth, with sales unchanged at 19,000 vehicles. Supply chain bottlenecks […]
Read moreJanuary 19, 2022 8:24 am
United Airlines said earlier this week that the current 5G wireless rollout plan in the United States would negatively affect some 1.25 million of its passengers and at least 15,000 flights per year. United and other major airlines believe that 5G interference could compromise key safety systems and lead to suspended passenger and cargo flights. […]
Read moreJanuary 18, 2022 8:57 am
Netflix Inc said last week it had increased its monthly subscription prices in the United States and Canada to help pay for new programming amid fierce competition in the streaming TV market. The streaming company had previously announced plans to spend $17 billion on programming in 2021. In the United States, Netflix’s standard plan, which […]
Read moreJanuary 17, 2022 8:21 am
Citigroup Inc’s (C) fourth-quarter profit, reported on Friday, shrank at an annual rate of 26%, since the Wall Street bank took a hit from higher expenditures and weaker performance at its consumer banking division. The bank’s earnings dropped to $3.2 billion ($1.46 per share) during the quarter ended on December 31st from $4.3 billion ($1.92 […]
Read moreJanuary 15, 2022 1:06 pm
Italy’s Eni has set foot into Greece’s solar power market with the acquisition of Solar Konzept Greece, which has an 800 megawatt portfolio of projects at different stages of development. The Italian energy group purchased the firm from Solar Konzept International, which is majority owned by Germany’s Aquila Capital. Solar Konzept Greece will be a […]
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