Tag: AFD
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Alibaba’s break-up plan raises hopes that China’s crackdown on technology will come to an end
March 29 (Reuters) – Shares in Alibaba Group (9988.HK) and other leading Chinese tech companies rose on Wednesday as investors hailed an unprecedented revamp of the Jack Ma-founded company as the beginning of the end of Beijing’s crackdown on the sector. Alibaba said Tuesday it planned to split into six units and explore fundraising or […]
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AMC Entertainment shares are jumping on report that Amazon is exploring a deal
March 28 (Reuters) – Shares of AMC Entertainment Holdings Inc (AMC.N) rose as much as 21% on Tuesday, following a report that e-commerce giant Amazon.com Inc (AMZN.O) was looking to buy the theater chain. Amazon founder Jeff Bezos has sent his investment advisers and top entertainment executives to investigate acquisition plans for AMC, entertainment industry […]
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Australia’s Latitude Group says 7.9 million driver’s license numbers have been stolen in data theft
Data theft far greater than declared on March 16 Driver’s license, passport numbers, customer data stolen Shares fall 2.5% March 27 (Reuters) – Australian consumer finance firm Latitude Group Holdings Ltd (LFS.AX) said hackers stole nearly 8 million Australian and New Zealand driver’s license numbers in one of the country’s largest confirmed data breaches, sending […]
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Exclusive: Walmart lays off hundreds of US employees at five e-commerce fulfillment centers
NEW YORK, March 23 (Reuters) – Hundreds of employees at five US Walmart facilities that fulfill e-commerce orders are being asked to find jobs at other company locations within 90 days, a spokesperson confirmed to Reuters. About 200 workers in Pedricktown, New Jersey, and hundreds more in Fort Worth, Texas; Chino, California; Davenport, Florida; and […]
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Wall St falls on bank stocks tumble, jobs report jitters
Investors are looking forward to Friday’s jobs report Bank shares plummet after SVB announces share sale General Electric rises after repeated forecast Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05% March 9 (Reuters) – Wall Street’s three major stock indices closed lower on Thursday, with banking stocks the biggest drag, while investors also worried Friday’s […]
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Wall Street heads to a weak open as interest rates rise again
Novavax collapses when it detects doubts about continuity Kohl’s slides after gloomy forecast ISM factory activity data at 10am ET Futures Down: Dow 0.19%, S&P 0.19%, Nasdaq 0.13% March 1 (Reuters) – Wall Street’s major indices were expected to come under pressure on Wednesday, with equity futures reversing early gains as higher Treasury yields offset […]
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Nokia changes iconic logo to indicate strategy shift
BARCELONA, Feb. 26 (Reuters) – Nokia (NOKIA.HE) on Sunday announced plans to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker targets aggressive growth. The new logo consists of five different shapes that together form the word NOKIA. The iconic blue color […]
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S&P, Dow fall as resilient economic data fuels rate hike fears
Nvidia hits 10-month high with optimistic sales forecast Netflix slips in report on price cuts Weekly jobless claims fall; GDP grows by 2.7% in the fourth quarter Indices: Dow down 0.3%, S&P dip 0.02%, Nasdaq up 0.06% Feb 23 (Reuters) – Wall Street was mostly lower in choppy trading on Thursday, with the S&P 500 […]
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As chatbots boom, Nvidia’s sales outlook exceeds Wall Street expectations
Feb 22 (Reuters) – Chip designer Nvidia Corp (NVDA.O) is forecasting first quarter revenue higher than Wall Street estimates on Wednesday, as the CEO said using its chips to power artificial intelligence (AI) services such as chatbots power had “gone through the roof” in the past 60 days.” The sales outlook sent Nvidia shares up […]
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The US will not contest Amazon.com’s plan to buy One Medical, says FTC official
WASHINGTON, Feb. 21 (Reuters) – The US Federal Trade Commission will not file a complaint to stop Amazon.com’s (AMZN.O) plan to buy primary care provider One Medical, an FTC official said on Tuesday. Amazon.com Inc said in July it would buy One Medical for $3.49 billion, expanding the e-commerce giant’s virtual healthcare business and adding […]