3M Co. is reportedly nearing a $5.5 billion settlement in relation to defective combat earplugs, as reported on Sunday. The company is close to resolving more than 300,000 lawsuits related to earplugs that failed to adequately protect military veterans from hearing loss. Experts had predicted that 3M could be held liable for approximately $10 billion, so the proposed settlement … [Read more...] about 3M Co. Close to $5.5 Billion Settlement over Defective Earplugs
Hawaiian Electric Shares Surge After Preemptively De-Energizing Power Lines Prior to Maui Wildfire
Shares of Hawaiian Electric experienced a significant surge in premarket trading on Monday following the company's announcement that its power lines were de-energized hours before the devastating Maui wildfire, which tragically claimed the lives of over 100 individuals. The utility company, based in Honolulu, revealed that their records indicate a power outage of more than six … [Read more...] about Hawaiian Electric Shares Surge After Preemptively De-Energizing Power Lines Prior to Maui Wildfire
CrowdStrike Stock Faces Downgrade Ahead of Earnings
The cybersecurity stock of CrowdStrike Holdings witnessed a drop in value on Monday, following a downgrade by Morgan Stanley analyst Hamza Fodderwala. Fodderwala has adjusted his rating on CrowdStrike shares, lowering them from Overweight to Equal Weight. In addition, he revised his price target for the stock, reducing it from $178 to $167. Fodderwala cited a challenging demand … [Read more...] about CrowdStrike Stock Faces Downgrade Ahead of Earnings
Apple’s Stock Underperforms as Nasdaq Composite Plummets
The stock market has been unpredictable, and August has been no exception. According to Dow Jones Market Data, the Nasdaq Composite experienced a 5.3% decline this month, putting it on track for its worst performance of the year. This downward trend has also affected Apple (AAPL) stock, which has seen a significant drop of 9.1%, marking its first monthly decline in 2023. As of … [Read more...] about Apple’s Stock Underperforms as Nasdaq Composite Plummets
Dalata Hotel Group Reports Lower Pretax Profit for First Half
Dalata Hotel Group, an Ireland-based hotel operator, has reported a lower pretax profit for the first half of the year. Despite booking higher costs, the company remains optimistic about future growth prospects. Financial Results First-half pretax profit: €50.4 million ($54.5 million), down from €52.0 million the previous year. Adjusted earnings before interest, taxes, … [Read more...] about Dalata Hotel Group Reports Lower Pretax Profit for First Half
