Global Layoffs and Increase in Sales Levi Strauss, the San Francisco-based jeans maker, has announced a two-year restructuring plan that includes global layoffs. This initiative comes as the company reported an increase in sales during the fourth quarter, driven by a return to growth in the Americas. To boost global productivity, Levi Strauss plans to reduce its global … [Read more...] about Levi Strauss Implements Restructuring Plan, Reports Fourth Quarter Sales Increase
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Heart Aerospace Raises $107 Million in Series B Funding
*Stockholmβ*Swedish hybrid-electric airplane manufacturer Heart Aerospace has successfully raised $107 million in Series B funding. This latest round of financing brings the company's total funding to $145 million as it continues to develop its first aircraft, the ES-30. The ES-30 is expected to be certified and ready for service by 2028. A Sustainable Airplane Solution Heart … [Read more...] about Heart Aerospace Raises $107 Million in Series B Funding
Stock Futures Dip as S&P 500 Eyes 5,000 Mark
Stock futures dipped on Thursday following the record-high close of the S&P 500, as the market moved closer to the monumental 5,000 mark. Let's take a look at some stocks that are poised to make moves today. Walt Disney: Strong Earnings and Strategic Investments Walt Disney reported fiscal first-quarter earnings that exceeded expectations, impressing investors. The … [Read more...] about Stock Futures Dip as S&P 500 Eyes 5,000 Mark
Hedge Fund Takes 5% Stake in ITV, Shares Fall Amid Advertising Slump
London-based hedge fund, Silchester International Investors LLP, has recently acquired a significant 5% stake in ITV, the U.K.'s largest commercial television broadcaster. The purchase comes at a time when the broadcaster is grappling with a decline in the advertising market, resulting in a slump in its share price over the past year. According to regulatory filings, Silchester … [Read more...] about Hedge Fund Takes 5% Stake in ITV, Shares Fall Amid Advertising Slump
Airbus receives order for 30 A220-300 airliners from airBaltic
By Andrea Figueras Airbus has secured a new order from airBaltic for an additional 30 A220-300 airliners, although the details of the contract remained undisclosed. This latest order will significantly contribute to airBaltic's firm orderbook, bringing the total number of aircraft ordered to 80. This achievement positions the Latvian airline as the largest customer of this … [Read more...] about Airbus receives order for 30 A220-300 airliners from airBaltic
Kin & Carta Receives Increased Cash Offer from Ken Bidco, Rejects Apax Partners
By Michael Susin London-listed digital-transformation consultancy company Kin & Carta has agreed to an improved cash offer from Ken Bidco, a special-purpose acquisition company indirectly owned by BC Partners. In response, Kin & Carta has rejected the offer from Apax Partners. The news has sent shares of Kin & Carta soaring. As per the new agreement, Ken Bidco will … [Read more...] about Kin & Carta Receives Increased Cash Offer from Ken Bidco, Rejects Apax Partners
U.S. Oil Rigs Report Slight Increase, Crude Oil Production Reaches Record High
Date: 1513 EST According to a report from oil services company Baker Hughes, the number of oil drilling rigs in the U.S. has increased by two units compared to the previous week, reaching a total of 500 rigs. However, this number is still 121 rigs lower than the count from a year ago. Despite the decline in rig count, U.S. crude oil production has been consistently reaching new … [Read more...] about U.S. Oil Rigs Report Slight Increase, Crude Oil Production Reaches Record High
Major League Baseball Settles Lawsuits with Minor League Teams
Major League Baseball (MLB) has reached a settlement in federal and state court lawsuits filed by minor league teams that lost their affiliations with big league clubs. The settlement puts an end to the potential challenge that could have been brought against MLB's antitrust exemption in the U.S. Supreme Court. The lawyer representing the suing teams, James W. Quinn, announced … [Read more...] about Major League Baseball Settles Lawsuits with Minor League Teams
General Motors Negotiates New Labor Deal
Canadian Auto Workers Union Reaches Tentative Agreement General Motors (ticker: GM) has recently reached a three-year tentative labor deal with Unifor, the union representing Canadian auto workers. While investors are primarily focused on this agreement, there remains uncertainty about the satisfaction of United Auto Workers (UAW) leadership. Highlights of the Agreement Under … [Read more...] about General Motors Negotiates New Labor Deal
A Challenging Year for Disney Shareholders
Despite a strong performance in the overall stock market, Disney shareholders have experienced a disappointing year. The stock has remained stagnant, leaving investors eager for signs of a recovery. All eyes now turn to the upcoming earnings report for the June quarter, which is scheduled to be released after the close of trading on Wednesday. Hopes are high that this report … [Read more...] about A Challenging Year for Disney Shareholders