1.AMAZON : Amazon.com Inc’s India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd for a potential stake, the Indian Express newspaper reported on Tuesday, citing sources. Inox, however, said the report was “factually incorrect” and there were no...
1.TENCENT : China’s market regulator on Saturday said it would bar Tencent Holdings Ltd from exclusive music copyright agreements and fined the company for unfair market practices in the online music market after its acquisition of China Music Corporation. The Chinese government has been stepping up antitrust actions in...
1.INTEL : Intel stock was down 1.7% in Friday’s premarket trading following a disappointing forecast for the ongoing financial year that hinted at ongoing loss of market share in providing data centers with silicon chips. and chief executive Pat Gelsinger’s comments indicating a stretched period for chip shortages. The company...
AT&T is trading down 0.04% at 27.90 AT&Treported on Thursday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations. AT&T announced earnings per share of $0.89 on revenue of $44B. Analysts polled by Investing.com anticipated EPS of $0.7937 on revenue of $42.66B. AT&T shares are down...
1.VISA :Visa Inc said on Thursday that it had agreed to buy British cross-border payments provider Currencycloud at a valuation of 700 million pounds ($962.01 million). Visa has been a Currencycloud shareholder since 2020, and the financial consideration will be reduced by the equity that the card network company...
1.COCA-COLA :-Coca-Cola Co raised its full-year sales and profit forecasts on Wednesday, as demand rebounds for its beverages from the re-opening of theaters, restaurants and stadiums. Shares of the world’s largest soda maker rose 2% in early trading. Revenue in Coca-Cola’s North America business rose 28% in the second...
Johnson & Johnson (NYSE:JNJ) is trading up 0.94% at 168.45 Johnson & Johnson on Wednesday forecast just $2.5 billion in 2021 sales of its COVID-19 vaccine, which has fallen way behind rival shots from Pfizer and Moderna (NASDAQ:MRNA) as the company deals with vaccine production issues and safety concerns....
1.VOLVO : -Sweden’s AB Volvo warned on Tuesday of more production disruptions and stoppages this year after chip shortages prevented the truck maker from fully capitalising on strong demand for its vehicles in the second quarter. Operating profit at the maker of trucks, construction equipment, buses and engines nearly...
1.WALMART : Walmart’s Flipkart should not be treated the same as rival Amazon in an Indian antitrust probe as the evidence against the two firms was “qualitatively different”, Flipkart argued in a court filing seen by Reuters. In final submissions made to a court in southern India’s Karnataka state,...
1.VOLKSWAGEN : German automaker Volkswagen AG , the top foreign automaker in China, the world’s biggest car market, said on Friday that it expected chip supplies to improve in the next six months. Automakers around the world have had to adjust assembly lines due to the shortages, caused by...