Business
- BusinessAssociated Press Finance
Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales
Home Depot's sales continued to soften in the first quarter as the nation's largest home improvement retailer was not only constrained by high mortgage rates and higher inflation for its customers, but it also had to deal with a delayed start to spring. Sales slipped 2.3% to $36.42 billion for the period ended April 28, just shy of the $36.65 billion that analysts polled by Zacks Investment Research expected.
1 min read - LifestylePortsmouth Herald
The Hotel Portsmouth reopens following full redesign; adds new subterranean bar
New to the hotel is a full liquor license, allowing for batched cocktails and canned beer and wine alongside light bites.
3 min read - BusinessMilwaukee Journal Sentinel
Microsoft's growth could top $10 billion. Mount Pleasant had site ready for failed Foxconn
Microsoft in just a year has more than tripled the scale of its Mount Pleasant data center plan.
6 min read - BusinessBloomberg
Anglo Goes for Bold Breakup Plan in Move to Fend Off BHP
(Bloomberg) -- Anglo American Plc will exit diamond, platinum and coal mining in a massive restructuring designed to fend off a £34 billion ($43 billion) bid from rival BHP Group and turn itself into a copper giant.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyFlood of Chi
5 min read - BusinessBloomberg
Foreign Private Investors Set to Top Central Bank Bond Buying
(Bloomberg) -- For the first time on record, private investors overseas are poised to overtake foreign central banks as the second-largest holder of US government debt.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyFlood of China Used Cooking Oil Spurs Call to Hike US Levie
4 min read - BusinessVerdict
Analysis: Microsoft leads Big Tech data centre investment boom driven by energy hungry AI
Microsoft has a runaway lead in data centre investment among its Big Tech rivals in a bid to stay ahead of the AI arms race.
6 min read - LifestyleFDL Reporter | The Reporter
Downtown Fond du Lac Farmers Market returns May 18 with fresh produce, baked goods, crafts and more.
The Downtown Fond du Lac Farmers Market kicks off at 8 a.m. May 18. Here's what to know about vendors, live entertainment and more.
3 min read - BusinessVerdict Food Service
Uber Eats to buy Delivery Hero’s foodpanda in Taiwan for $950m
Uber will also buy $300m worth of freshly issued common shares from Delivery Hero.
2 min read - BusinessAFP
Sony net profit dips on-year as PlayStation sales fall
Sony on Tuesday warned of falling profits this year as PlayStation 5 unit sales decline, after reporting a dip in annual earnings while also staying mum on a reported bid for Paramount.As the company reported its earnings on Tuesday, Sony CEO Hiroki Totoki declined to comment on any "specific deal".
3 min read - BusinessMotley Fool
Where Will Disney Stock Be in 1 Year?
It's still trying to get all of its segments in working order.
5 min read - USCape Cod Times
Memorial Day 2024 traffic will hit pre-pandemic levels, AAA says. Tips to avoid it
Boston is one of the most in-demand spots for rental cars this Memorial Day weekend.
3 min read - BusinessRetail Insight Network
Walmart to lay off hundreds of corporate staff
The retailer has been taking steps to reduce its workforce and as of 31 January 2024 employed 2.1 million associates.
1 min read - BusinessBloomberg
Sony Sales Outlook Misses Estimates on Waning Demand for PS5s
(Bloomberg) -- Sony Group Corp. predicted sales in the year to March that missed analysts’ estimates, citing waning demand for PlayStation 5 hardware. The company expects sales revenue to be ¥12.3 trillion ($78.6 billion) in the year through March 2025, missing analyst expectations for sales of ¥12.55 trillion. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers W
3 min read - BusinessBloomberg
Tencent Beats Estimates After WeChat, Video Lift Ad Growth
(Bloomberg) -- Tencent Holdings Ltd.’s revenue and earnings beat estimates after its TikTok-style video platform gained traction against ByteDance Ltd. and drove growth despite a faltering Chinese economic recovery.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyFlood of Chi
4 min read - BusinessBloomberg
Goldman Looks to Entice Wealthy Clients to Plow Cash Across Gulf
(Bloomberg) -- Goldman Sachs Group Inc. is planning to launch several investment strategies that will allow the firm and its wealthy clients to deploy capital in the Gulf’s public markets.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyFlood of China Used Cooking Oil Spurs C
2 min read - BusinessThe Accountant
PCAOB adopts new quality control standard
The Public Company Accounting Oversight Board (PCAOB) has adopted a new standard designed to lead registered public accounting firms to significantly improve their quality control (QC) systems. The new standard would require all PCAOB registered firms to identify their specific risks and design a QC system that includes policies and procedures to guard against those risks.…
3 min read - BusinessLife Insurance International
Tokio Marine HCC launches product recall offering in London
The introduction of this insurance service is supported by two senior additions to the company’s crisis management team.
2 min read - BusinessSavannah Morning News
Savannah Convention Center prepares for expansion in 2025 budget, also feels impact of delays
Leaders are preparing for a step-up in service from the expansion. The budget includes an assistant director for food and beverage and a second sous chef.
2 min read - USMansfield News Journal
'We can't afford to fail': Husted says career tech is good for students and businesses
Ohio Lt. Gov. Jon Husted wants career technical training to grow throughout the state so that students can entre the workforce better equipped.
3 min read - BusinessFlorida Today
Skin Laundry skin care facility opens its first Florida clinic at The Avenue Viera
Clinic offers brand’s array of dermatologist-developed laser and resurfacing treatments to deliver results for all skin types and tones.
5 min read - BusinessBloomberg
German Investor Confidence Jumps as Economic Recovery Takes Hold
(Bloomberg) -- Investor confidence in Germany’s economy rose for a 10th month — reflecting optimism that growth is returning after more than a year of near-stagnation. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyFlood of China Used Cooking Oil Spurs Call to Hike US Levie
1 min read - BusinessBloomberg
South Africa Minister Warms to Anglo Plan After Opposing BHP Bid
(Bloomberg) -- South Africa’s mines minister struck a conciliatory tone as Anglo American Plc announced plans to separate its platinum unit as part of a major shakeup following its rejection of two approaches from BHP Group.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyFlo
3 min read - USPalm Beach Daily News
County Commissioner Mack Bernard added as individual defendant in pay to play lawsuit
A judge ruled that County Commissioner Mack Bernard can be individually sued for the role he played in the award of a contract to oversee the building of new fire stations.
3 min read - LifestyleThe Fayetteville Observer
New Haymount storefront opens with home decor and gifts
After years of running her business from her home, Jennifer Britt opened Pink Petunia in Haymount.
3 min read - BusinessPower Technology
EQT proposes acquisition of Swedish renewables developer OX2 for $1.5bn
The acceptance period for the offer will commence on 25 June 2024 and conclude by 12 October.
2 min read - BusinessOffshore Technology
Mubadala Energy confirms second gas discovery offshore North Sumatra
Drilled to a depth of 3,400m in 1,200m of water, the Tangkulo-1 well encountered an 80m gas column within an Oligocene sandstone reservoir.
2 min read - BusinessMining Technology
Horizon Minerals seals gold toll milling agreement with FMR
The processing will start from the December 2024 quarter at FMR's Greenfields Mill in Western Australia (WA).
2 min read - BusinessEngadget
Sony PlayStation will soon have two CEOs
Sony Interactive Entertainment (SEI) has announced a new leadership structure that puts two people in charge of different parts of its business.
2 min read - BusinessBBC
UK mining giant to offload De Beers diamond business
The announcement comes after Anglo American rejected a £34bn takeover bid from rival BHP.
1 min read - BusinessVerdict
Interview: Virtualstock CEO Ed Bradley shares his advice for SaaS companies
Virtualstock processed over $1.7bn in sales in 2023 despite a challenging market for Saas companies.
4 min read - BusinessInsider Monkey
Bio-Techne Corporation (TECH) Declined on Weak Q4 Results
Baron Funds, an investment management company, released its “Baron Asset Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. US markets continued its strong rally in the first quarter. Robust economic data and relatively strong corporate earnings boosted the rally along with the anticipation of a soft landing of […]
3 min read - BusinessBloomberg
ESR Jumps Most on Record Following Consortium Takeover Bid
(Bloomberg) -- ESR Group Ltd. shares climbed the most on record Tuesday after the firm received a non-binding takeover proposal from a consortium of investors, confirming an earlier Bloomberg News report. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyFlood of China Used Co
1 min read - BusinessBloomberg
BofA Strategist Hartnett Warns Stock Rally Is Exposed to Stagflation Risk
(Bloomberg) -- Wagers on interest rate cuts have sent investor optimism to a two-and-a-half-year high, but stocks will suffer if evidence of stagflation materializes, according to Bank of America Corp. strategist Michael Hartnett.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost Econ
1 min read - BusinessBloomberg
China Builder Agile Defaults for First Time on Dollar Bonds
(Bloomberg) -- Agile Group Holdings Ltd., a Chinese developer of villa apartments and high-rise homes, defaulted for the first time on publicly issued dollar bonds, underscoring lingering distress amid the nation’s unprecedented property crisis. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Frid
3 min read - BusinessAssociated Press Finance
Japan's Sony reports surge in profit on strong sales of movies, games and music
Profit at Sony surged 34% in the last quarter on strong sales of its video games, music and movies, the Japanese electronics and entertainment company said Tuesday. Tokyo-based Sony Corp.’s quarterly profit totaled 189 billion yen ($1.2 billion), up from 141 billion yen the year before. For the fiscal year through March, Sony recorded a 3% decline in profit at 970 billion yen ($6.2 billion) from more than 1 trillion yen in the previous fiscal year.
3 min read - BusinessOffshore Technology
GeoPark to acquire interests in four blocks in Argentina
The acquisition comprises stakes in the Mata Mora Norte, Mata Mora Sur, Confluencia Norte and Confluencia Sur.
2 min read - BusinessPackaging Gateway
Sonoco’s EnviroFlex Recycled Content portfolio receives ISCC PLUS certification
The certification provides third-party validation of Sonoco's resin-sourcing practices at its Morristown factory.
1 min read - BusinessPackaging Gateway
Coveris invests to expand medical device packaging production
The company will install two new pouch lines and one header bag line at its Rohrdorf site.
1 min read - BusinessInternational Accounting Bulletin
Rise in services output signals turning point for UK economy
UK business output and confidence rose in April despite the continued decline of hiring intentions and inflationary pressures, according to the latest Business Trends report from business advisory and accountancy firm, BDO. BDO’s Output Index rose by 2.09 points to 103.92 in April. This marks its highest level since May 2022, when a gradual return…
3 min read - BusinessZacks
The Zacks Analyst Blog Highlights California Water Service, TransAlta, American Water Works, NRG Energy and American Electric Power
California Water Service, TransAlta, American Water Works, NRG Energy and American Electric Power are included in this Analyst Blog.
6 min read - BusinessMotley Fool
3 Nvidia Partners With Explosive Growth Potential to Buy Now
These companies are instrumental in the AI boom.
6 min read - LifestyleThe Bergen Record
Lakefront home on private island in Sparta listed for $4.35M
Currently listed for $4.35 million, the five-bedroom, six-bathroom home at 41 Island Trail in Sparta is located on the private Manitou Island.
3 min read - BusinessWorld Construction Network
HEB Construction partners with Boomi to modernise ERP system
The deal encompasses HEB adopting Boomi's MDH solution for enhanced collaboration and data precision.
2 min read - BusinessRetail Insight Network
Scandit on the smart data revolution in retail
Scandit's director of retail solutions explains the intricacies of smart data capture and how the sector can take full advantage.
4 min read - BusinessPackaging Gateway
Sustainable packaging solutions with Stora Enso’s Julian Krais
Krais sheds light on Stora Enso's approach to creating sustainable packaging solutions that not only capture consumer attention and drive sales but also prioritise environmental responsibility.
6 min read - BusinessRetail Banker International
Napier AI and Salt Bank partner in Romania
The partnership will help Salt Bank address consumer demands for more convenient ways to bank and strengthen its AML framework
2 min read - BusinessBloomberg
Hedge Funds Rush to Cover Euro Short Bets Ahead of US Inflation
(Bloomberg) -- Currency traders are positioning for a stronger euro, betting softer US inflation will bring the outlook for monetary policy on both sides of the Atlantic closer in sync.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyFlood of China Used Cooking Oil Spurs Call
2 min read - TechnologyWSB Cox articles
Artificial intelligence is changing how Americans work. How can workers adapt to new job market?
Right now, artificial intelligence is already changing the way some Americans work. An AI expert gave recommendations on how workers can adapt.
2 min read - BusinessBloomberg
Blackstone Set to Buy €900 Million of Loans From Germany’s PBB
(Bloomberg) -- Blackstone Inc. is in talks with Deutsche Pfandbriefbank AG to buy €900 million ($971 million) in US and UK loans as the German real estate lender grapples with the fallout from deteriorating property markets.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyFlo
2 min read - USThe Enterprise
Easton home sold for $1.4M is stunning with 'whopping' square footage, fabulous ensuites
Here are the property transactions recorded for the week of Feb. 12 to Feb. 16, 2024, in the Brockton area, according to The Warren Group.
13 min read
