News: Companies
In this section, we delve into the dynamic corporate world, bringing you the most recent updates from global companies. Our coverage spans a broad spectrum, encapsulating latest quarterly results, unveiling of new products, corporate amalgamations, and acquisitions. We also keep you informed on changes in analyst ratings, adjustments in price targets, submissions to regulatory bodies, and acquisition of new licenses, amidst a host of other significant business events.
Insider News: Samsung Elec To Join Renewables Pledge As S.Korea Shifts Gears On Green Energy
According to the source, RE100 will be incorporated into the climate targets soon after the new administration takes office. Because of the delicate nature of the matter, the source requested anonymity.
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Elon Musk Will Make an Indelible Mark on Twitter, Experts Say
While Musk has not revealed any particular changes to the website, he has advocated for fewer restrictions on what users can and cannot publish and has speculated that the platform may transition from being financed by advertising to a subscription-based model.
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Globant Plans Acquisitions to Boost Push Into Asia and Europe
Globant SA, Argentina's technology heavyweight, wants to expand further with mergers that provide it entry into new markets and access to innovations, as the CEO of the corporation stated after the acquisition of one of Uruguay's largest IT companies.
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Netflix Stock Had Its Worst Day in Nearly 2 Decades. What Wall Street Is Saying
Netflix lost 200,000 customers in the third quarter, falling far short of its target of 2.5 million net additions. The streaming platform would have gained 500,000 customers if it had not lost 700,000 Russian subscribers. The business expects to lose 2 million net users in the June quarter.
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Alibaba, Bilibili, and China Tech Stocks Slide on Live Streaming Crackdown
Chinese technology stocks fell in Hong Kong on Tuesday as a result of Beijing's tougher rules on the country's live streaming industry, as well as fears over DiDi Global's anticipated delisting in the United States.
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Morning Brief: From Chip Makers to EV Production & What is New in Crypto and Stock Market so Far
On Monday, bitcoin fell to slightly around $39,000, reaching one-month lows, while ether fell below $3,000 as risky assets such as cryptocurrencies continued under pressure from global central banks' plans to tighten monetary policy.
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Microsoft Is Building An Ad Program That Will Let Brands Advertise In Xbox Games
These initiatives have not been confirmed by Microsoft. "We are continuously searching for solutions to enhance the experience for gamers and developers, but we don't have much else to say," a spokesman commented.
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Goldman Sachs, Morgan Stanley To Lead Intel’s Mobileye IPO — Sources
The share market offering, which is scheduled to begin later in 2022, may value Mobileye at up to $50 billion, according to the insiders, who cautioned that the timeframe, pricing, and scale of the IPO are dependent on market dynamics.
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Insider News: KKR To List Japan’s Kokusai Electric As Early As June, Sources Say
According to Refinitiv figures, this would make it the largest business to list in Tokyo since SoftBank Group Corp floated its telecommunication subsidiary with a market valuation of 7.2 trillion yen in late 2018.
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The Key to Surviving Inflation is ‘Pricing Power.’ These Companies Have It in Spades
Finally, businesses may increase their profit margins by being more efficient and productive, or by taking advantage of economies of scale. This reduces the cost of items sold per unit produced while increasing profits without boosting pricing.
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Morning Brief: From Gasoline, Gas, NFT to Alibaba: What is Happening in the World so Far
Last year, non-fungible tokens, or NFTs, grabbed the globe by storm as investors witnessed a revolutionary sort of digital asset — typically artwork — changing hands for hundreds of thousands, if not millions, of dollars.
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Expert Opinion: China’s Revised Delisting Rule Boosts Alibaba and Other Stocks
The Public Company Accounting Oversight Board (PCAOB) stated last week in a statement that it is continuing to communicate with Chinese authorities, but that its request for full access to relevant audit documents, especially from businesses in sensitive areas, is non-negotiable.
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Insider News: Apple Working To Bring More Financial Services In-House
A multi-year plan would centralize a wide variety of financial features, according to the sources, who requested anonymity because the plans are not public. This comprises payment processing, credit risk assessment, fraud analysis, and extra customer support responsibilities such as dispute resolution.
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Insider News: Amazon Has Been Secretly Testing Its Drone-Delivery Program And Plans To Drop Packages From The Sky
However, according to industry sources, those objectives might yet alter since Prime Air has been extremely slow to start due to regulation obstacles, turnover rates, and safety risks. Because individuals feared punishment from Amazon, these employees wished to remain anonymous.
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