business news
Apple reportedly looking at touchscreen Mac notebook for 2025
CUPERTINO, CALIFORNIA – JUNE 06: Apple CEO Tim Cook seems to be at a show of brand name new redesigned MacBook Air notebook for the duration of the WWDC22 at Apple Park on June 06, 2022 in Cupertino, California. Apple CEO Tim Cook kicked off the yearly WWDC22 developer meeting. (Image by Justin Sullivan/Getty Visuals) […]
Read More
DirecTV lays off hundreds of managers as cord cutting accelerates
A DirecTV technician at an apartment building in Lynwood, Calif. Patrick T. Fallon | Bloomberg | Getty Images DirecTV is laying off hundreds of employees — roughly 10% of its upper ranks — as the company looks to reduce costs amid the heightened pain of cord cutting for pay-TV providers, according to people familiar with […]
Read More
Alphabet to reduce employees of health sciences unit Verily by 15%
The Verily web site is displayed on a laptop computer personal computer in an organized photograph taken in Arlington, Virginia, on Thursday, May perhaps 7, 2020. Andrew Harrer | Bloomberg | Getty Photos In an e mail to personnel on Wednesday, Verily CEO Stephen Gillett claimed the firm will lay off 15% of its workers […]
Read More
Eli Lilly is the best of both worlds — a recession-resistant stock with major growth potential
The year ahead is pivotal for Eli Lilly (LLY) as the pharmaceutical giant looks to advance drugs in its stellar pipeline. Executives detailed reasons for optimism at a major industry gathering this week. “We’re looking at another unprecedented year for Lilly,” CFO Anat Ashkenazi said Tuesday night at JPMorgan’s annual health-care conference. “A strong year […]
Read More
Biden administration will select first 10 drugs for Medicare price negotiations by September
The Health and Human Services Department plans to publish in September a list of 10 drugs covered by Medicare that it will target for price negotiations, the first phase in a long awaited effort to cut costs for seniors. HHS officials, in a call with reporters on Wednesday, laid out the federal government’s road map […]
Read More
Disney to make Nike’s Mark Parker chairman as it opposes activist investor Peltz’s push to join board
Mark Parker Chris Ratcliffe | Bloomberg | Getty Images The Walt Disney Company has named Mark Parker, the executive chairman of Nike, its new chairman of the board, while also announcing it is opposing activist investor Nelson Peltz’s attempt to join the board. Parker will succeed Susan Arnold, whose 15-year term limit comes to an […]
Read More
This selections tactic could be a sensible way to enjoy Boeing’s earnings, Goldman suggests
Boeing is poised for a solid quarterly report that should really mail its inventory bigger and reward selections traders, in accordance to Goldman Sachs. In a note to customers on Wednesday, the bank’s derivative investigation crew led by Vishal Vivek picked a simply call possibility on Boeing as 1 of its tactical trade suggestions for […]
Read More
Bank of America says get these shares that make heaps of income
Bank of The us stated investors should really acquire shares in companies with large concentrations of income as the broader industry outlook is buffeted with headwinds. The S & P 500 fell practically 20% in 2022, its worst once-a-year performance considering the fact that 2008, as problem around better fees dented investor sentiment. The outlook […]
Read More
Ubisoft cancels 3 video games and slashes targets, citing ‘worsening macroeconomic conditions’
Tencent has amplified its stake in French video games maker Ubisoft, the firm at the rear of common franchises like Assassin’s Creed. But analysts said this has correctly shut the door on a full takeover of the corporation. Rafael Henrique | Sopa Illustrations or photos | Lightrocket | Getty Photos Ubisoft canceled 3 unannounced games […]
Read More
Biden’s plea to lawmakers in unusual op-ed: Unite to keep tech accountable
U.S. President Joe Biden speaks throughout a cupboard conference in the Cupboard Room of the White Home January 5, 2023 in Washington, DC. Drew Angerer | Getty Photographs President Joe Biden named on Republicans and Democrats in Congress to unite and pass legislation that places new guardrails on the tech business, creating in a Wall […]
Read More