Peloton posts strong Q1 results
Peloton reportes strong revenues and a profit for the first quarter of its financial year, expecting the trend to continue. Jeremy C. Owens reported the news for MarketWatch: Peloton PTON, +6.77% on Thursday reported fiscal first-quarter earnings of $69.3 million, or 20 cents a share, after posting a loss of $1.29 a share a year […]
Walmart scraps robotics plan
Walmart has ended a plan to replace human workers with robots in a bid to automate some tasks at its stores. The Wall Street Journal’s Sara Nassauer reported the news: Walmart Inc. WMT 1.19% has ended its effort to use roving robots in store aisles to keep track of its inventory, reversing a yearslong push […]
Walmart removes guns and ammo from sales floors
Walmart has removed gun and ammunition displays from all its store sales floors to avoid theft if civil unrest escalates. Sarah Nassauer reported the news exclusively for the Wall Street Journal: Walmart Inc. WMT -0.09% has removed all guns and ammunition from the sales floors of its U.S. stores this week, aiming to head off […]
Daily Memphian seeks public companies reporter
The Daily Memphian is looking for a versatile reporter who can deliver breaking news, quick turn-around features and longer-range enterprise stories on public companies in the area, including some of the most prominent businesses in the nation: FedEx, International Paper and AutoZone. The Public Companies reporter must be able to cultivate sources within these high-profile companies […]
How technology coverage has changed, according to Casey Newton
Lawfare podcast hosts Evelyn Douek and Quinta Jurecic spoke with Casey Newton, veteran Silicon Valley editor for The Verge who recently went independent to start a newsletter called Platformer, about covering technology and platforms. Newton uses insiders and other sources to break stories about companies, which often don’t cooperate with journalists. “I think I trust […]
Ford beats forecasts with strong Q3 profit
Ford reported a net profit of $2.4 billion for the third quarter up by $2 billion from a year ago on strong sales. Phoebe Wall Howard from the Detroit Free Press reported: Ford Motor Co., fresh with new leadership and touting an upcoming lineup of hot new vehicles, reported a $2.4 billion net income Wednesday […]
Cloud services push Microsoft’s Q3 profits higher
Cloud computing and the Teams suit of services helped drive earnings higher for Microsoft during the third quarter. The Wall Street Journal’s Aaron Tilley reported: Microsoft Corp. MSFT 1.51% expects the pandemic-era surge in demand for cloud-computing services, videogaming and computers that delivered a solid quarter to persist at least through the rest of the […]
Dunkin’ is negotiating a sale to Inspire Brands
Dunkin’ is in talks to sell its business to Inspire Brands, the owner of Jimmy John’s and Arby’s. Ameila Lucas from CNBC reported: Shares of Dunkin’ surged 15% Monday after the company confirmed sale talks with Inspire Brands, the privately held owner of Arby’s and Jimmy John’s. The New York Times, which broke the news […]
Bayer buys gene therapy company for $4 bln
Pharma giant Bayer will buy U.S. biotech company Asklepios BioPharmaceutical for $4 billion as it forges deeper into gene therapy. Ludwig Burger reported the news for Reuters: Bayer BAYGn.DE agreed to acquire unlisted U.S. biotech firm Asklepios BioPharmaceutical Inc for as much as $4 billion in a bet on gene therapy with the help of […]
Court rules Uber, Lyft must reclassify drivers
Uber and Lyft have to reclassify their drivers as employees, an appeals court in California has ruled. Preetika Rana reported the news for the Wall Street Journal: Uber Technologies Inc. and Lyft Inc. must comply with an order that requires them to reclassify their drivers as employees, a California appeals court said Thursday, siding with […]
