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Walmarts 1Q profit disappoints on higher costs but sales up. NEW YORK (AP) Walmart reported stronger sales for the first quarter, but its profits took a beating as the nations largest retailer grappled with surging inflation on food and fuel and higher costs from a snarled global supply chain. Walmart on Tuesday reported earnings of $2.05 billion, or 74 cents per share. Adjusted earnings per share was $1.30, but thats still far short of the per-share earnings of $1.48 that Wall Street had expected

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Northwestern selects Oregons Schill to be next president AP Updated 27 min ago. Schill has led Oregon since 2015. He previously served as the law school dean at the University of Chicago and at UCLA. He earned a degree in public policy from Princeton University and a juris doctor degree from the Yale Law School. I am thrilled, honored and humbled to join Northwestern, one of the worlds most prominent universities, Schill said in a news release. Northwestern has a long tradition of educating the brightest minds and

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L3Harris Completes Safety-Of-Flight Testing On F-35 Computing Upgrade. L3Harris has completed safety-of-flight testing on the integrated core processor (ICP) upgrade for the Lockheed Martin F-35, the company said July 20. As the core of the Technical Refresh-3 (TR-3) upgrade package, the L3Harris ICP provides a leap in computing performance, enabling a series of is published in Aerospace Daily & Defense Report , an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership

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Toyota cuts global production again as semiconductor shortages, supply chain disruptions linger. Toyota said it expects its production forecast for the fiscal year to remain unchanged Toyota is cutting its global production plan by some 50,000 vehicles next month as semiconductor shortages and COVID-induced supply chain disruption linger. The Japanese automaker said its plans for July were originally expected to be 800,000 units 250,000 in Japan and 550,000 overseas. Toyota said it will extend the period of operational suspension at

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VAALCO Energy Announces Successful Drilling of South Tchibala 1HB-ST Well. Highlights Discovered significant columns of multiple hydrocarbon bearing sands in the Dentale; Completing the Dentale D1 sand (18 meters net hydrocarbons) interval, which is analogous to the Deep Dentale producing field in North Tchibala with similar porosity and permeability. Additional cased Dentale D9 (15 meters net hydrocarbons) interval can be tested and completed in the future. Penetrated a thin section of the Gamba sand that is not

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Mobile World Congress 2022: Amdocs Expands Services Capabilities Empowering Service Providers to Deliver Amazing Experiences to their End Users. Amdocs Digital Services accelerate the industrys journey to the cloud, improve business operations, and drive innovative next-generation digital experiences for the end user; recent acquisition of DevOpsGroup further strengthens Amdocs capabilities to support all aspects of customer cloud journeys February 25, 2022 8:00 AM EST JERSEY CITY, N.J., Feb. 25, 2022 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ: DOX )

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US Textron to acquire Slovenian electric aircraft pioneer. LJUBLJANA, Slovenia (AP) U.S. industrial conglomerate Textron Inc. has signed a deal to acquire Pipistrel, the Slovenian ultralight aircraft maker and pioneer in electrically powered aviation, both companies announced Thursday. The Slovenian plane maker tweeted that the partnership will combine the expertise of both companies and accelerate Pipistrels development and certification of sustainable aircraft. Textron is home to Cessna

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Prosafe Bags 4-Year Flotel Contract with Petrobras. Offshore accommodation specialist Prosafe has won a four-year contract with the Brazilian oil company Petrobras Brasileiro SA (Petrobras) for the provision of the Safe Notos semi-submersible accommodation rig. Petrobras will use the accommodation unit for safety and maintenance support offshore Brazil. The contract is expected to start in Q3/Q4 2022 after the expiry of its current with Petrobras

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Schlumberger Expands Global AI Innovation Network with Opening of INNOVATION FACTORI in Houston. The INNOVATION FACTORI provides digital innovation for customers, driving AI at enterprise scale HOUSTON-Thursday 10 March 2022 [ AETOS Wire ] (BUSINESS WIRE) -- Schlumberger today expanded its successful INNOVATION FACTORI network with the opening of a new center in Houston, Texas. INNOVATION FACTORI enables customers to accelerate the development and deployment of enterprise-scale AI and digital solutions

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Entertainment Netflix Signs Five-Year Lease Extension at Vancouver Production Hub. 23:50 30 march 2022 Andrew Chin/Getty Images Netflix is extending its lease agreement with Martini Film Studios, just outside Vancouver, British Columbia, for another five years. The lease extension will give Netflix continued access to eight soundstages and over 260,000 square feet of total production space after shooting Space Force, Mixtape, Another Life, Ivy & Bean and Grendel at the studio complex in Langley, B.C

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NiSource halts search for new Region headquarters. NiSource wont be changing Region addresses after all. The Merrillville-based utility and parent of NIPSCO, which serves about 850,000 natural gas and 480,000 electrical customers across 32 counties in Northern Indiana, said May 9 it will not be pursuing a sale of its Southlake facility. The company has called a 315,582-square-foot building at 801 E. 86th Ave. on a 43.5-acre campus home since 1988

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Toyota Delaying EV Program To Implement Tesla-Beating Tech, Report Claims. Toyota could be poised to announce a rethink of its EV strategy that might result in delays to vital new models due in the next three years, according to a new report. The Japanese automaker was a pioneer in electrified cars with its Prius but has been slow to join the full-EV market. And the cars it has launched, like the bZ4X, are less powerful and less efficient than Teslas equivalent models, while also making far less money

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AerCap Holdings Signs Lease Agreements with TUI for Three Embraer E195-E2 Aircraft. News provided by AerCap Holdings N.V. Oct 20, 2022, 6:00 AM ET DUBLIN Oct. 20, 2022 /PRNewswire/ -- AerCap Holdings N.V. (AerCap or the Company) (NYSE: AER) today announced it has signed lease agreements with TUI Group TUI for the lease of three Embraer E195-E2 aircraft which are scheduled to begin delivery March through May 2023 . The aircraft, powered by Pratt & Whitney GTF engines, will be the first E195-E2 to enter TUIs fleet

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Colgate-Palmolive 4Q Profit Falls, Hit by Higher Costs. By Will Feuer Colgate-Palmolive Co. said its profit fell in the most recent quarter as the Covid-19 pandemic continued to constrain demand for some of its products and higher costs around the world hit margins. The consumer-products company Friday posted net income attributable to the company of $148 million for its fourth quarter, compared with $647 million a year earlier. Earnings were 18 cents a share

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Boeing moving headquarters from Chicago. Boeing announced Thursday that it is moving its global headquarters from Chicago to Arlington, Virginia just outside Washington, D.C.

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Toyota factories resume production after cyberattack hits supplier. Toyota Motor Corp. will resume work at all of its Japanese factories Wednesday after halting operations in response to a cyberattack mounted against one of its key suppliers. The worlds top auto producer will resume operations at all of its 14 plants in its home country on Wednesday, Toyota said in a statement Tuesday. It had halted production at its Japan plants Tuesday due impacts from a cyberattack faced by its parts supplier Kojima Press

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BUZZ-Morgan Stanley says cost cuts to drive FedExs Q2 profit, ups PT. ** Morgan Stanley raises PT for logistics firm FedEx Corp to $130 from $125 ** Restructuring actions will help company post Q2 profit beat, despite choppy macro conditions - brokerage ** Sees some sequential improvement in revenues, although brokerage does not expect seasonality to go away entirely ** FDX in September outlined cost cuts of up to $2.7 billion after falling demand hammered first-quarter profits ** YTD

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Semtech Announces March 2022 Production of Industrys First 5G Front Haul Tri-Edge(TM) CDR IC Solution Enabling Emerging 5G Wireless Deployments. GN2255 is a bidirectional Tri-Edge(TM) CDR with integrated DML driver for 50Gbps SFP56 PAM4 5G wireless optical modules CAMARILLO, Calif. -- (Business Wire) Semtech Corporation (Nasdaq: SMTC ), a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced March 2022 production of its Tri-Edge(TM) clock and data recovery (CDR) with an integrated DML driver to enable emerging 50Gbps PAM4

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Credit Suisse weighs another major overhaul of top posts after losses. ZURICH Credit Suisse Group is weighing its second broad management overhaul in as many years as chief executive officer Thomas Gottstein struggles to turn around the lender after a series of scandals and profit warnings. The Swiss bank is considering replacing longstanding executives on the management board, including top lawyer Romeo Cerutti, chief financial officer David Mathers and Mr Helman Sitohang, who heads the Asia-Pacific region

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CNOOC Limited Announces 2 Projects Commenced Production. HONG KONG, April 22, 2022 /PRNewswire/ -- CNOOC Limited (the Company, SEHK: 00883, SSE:600938 ) announced today that Luda 5-2 oilfield north phase I project and Kenli 6-1 oilfield 4-1 block development project have commenced production. Luda 5-2 oilfield north phase I project is located in Liaodong Bay of Bohai Sea, with average water depth of about 32 meters. In addition to fully utilizing the existing processing facilities of Suizhong 36-1

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Nokia Corporation : Nokia strengthens partnership with Microsoft to enhance performance at the mission critical industrial edge. Microsoft 256.91 CHF 4.90% Charts News Analysen Kaufen Verkaufen 7:00 AM: Nokia strengthens partnership with Microsoft to enhance performance at the mission critical industrial edge Weiter zum vollstndigen Artikel bei Investegate BITCOIN KURSZIEL 100000 US-DOLLAR? WELCHER COIN KNNTE DER NCHSTE VERDOPPLER SEIN? Informieren Sie sich aus erster Hand ber Nachrichten, die Krypto-Kurse bewegen

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BELVIDERE, Illinois: Chrysler parent Stellantis announced last week that it would close down production of electric vehicles at an Illinois plant beginning in February, idling 1,350 workers.. The plant, located in Belvidere, Illinois, builds the Jeep Cherokee SUV. Officials said it will indefinitely halt operations, citing the rising costs of electric vehicle production. Further, Chrysler officials said they could not guarantee that the plant will be reopened. In a statement, Stellantis said the industry has been adversely affected by a multitude of factors, like the ongoing COVID-19 pandemic and the global microchip shortage

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Intel suspends all business operations in Russia. Intel suspends all business operations in Russia Washington: US technology company Intel, one of the worlds largest manufacturers of computer components and electronic components, said it has suspended its activities in Russia over the situation in Ukraine. Effective immediately, we have suspended all business operations in Russia, the company said. We are working to support all our employees in this difficult situation, including our 1

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Morgan Stanley Lowers American Axle & Manufacturing (NYSE:AXL) Price Target to $14.00. American Axle & Manufacturing ( NYSE:AXL Get Rating ) had its target price decreased by research analysts at Morgan Stanley from $16.00 to $14.00 in a research report issued on Wednesday, The Fly reports. Morgan Stanleys price target would indicate a potential upside of 95.26% from the companys current price. Several other equities analysts have also commented on the stock. Citigroup dropped their price target on shares of American Axle &

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New Vishay Intertechnology UVC Emitting Diodes inCeramic / Quartz-Based Package Offer Higher Radiant Power at a Lower Cost Than Previous-Generation Solutions. MALVERN, Pa., Sept. 14, 2022 (GLOBE NEWSWIRE) -- Vishay Intertechnology, Inc. (NYSE: VSH ) today introduced two new UVC (short wavelength ultraviolet) emitting diodes in a ceramic / quartz-based package for sterilization in medical, industrial, and consumer applications. Compared to previous-generation solutions, the Vishay Semiconductors VLMU35CR40-275-120 and VLMU35CR41-275-120 deliver higher radiant power at a lower cost while offering higher

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HSBC buys virtual plot of land in digital push. LONDON, March 17 (Reuters) - HSBC is buying a plot of virtual real estate in an online gaming space called The Sandbox for an undisclosed sum, the banks first major foray into the metaverse as it shrinks its UK branch network. The digital push will enable HSBC to engage with sports, e-sports and gaming fans via its slice of turf in The Sandbox, a virtual space majority-owned by Hong Kong-based Animoca Brands

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Honda, Nissan cut production for February on supply chain woes. A Honda factory in Yorii, Saitama Prefecture is seen manufacturing a subcompact Fit. (Photo by Ken Kobayashi) KOTARO ABE, Nikkei staff writer TOKYO -- Honda Motor and Nissan Motor will both scale down production volume this month as supply chain issues persist at home and abroad. Output at domestic Honda assembly plants will shrink by about 10% from planned levels, the automaker revealed Thursday

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Reliance-BP to get Ruby from South Korea to boost KG-D6 gas output. New Delhi, Sep 4 (PTI) Ruby, a floating production storage and offloading vessel destined for Reliance Industries Ltds MJ deep-water oil and gas development project in KG-D6 block, has set sail from South Korea, partner BP plcs CEO Bernard Looney said. MJ is the third and last of a set of discoveries that Reliance and its partner BP of UK are developing in the eastern offshore block. The two will use a floating production system at high-sea in

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HDFC Bank partners with NIIT to train and hire Data Engineers. Launches HDFC Bank Data Digits: Post Graduate Program in Data Engineering. July 14, 2022 9:16 IST | India Infoline News Service NIIT Institute of Finance, Banking and Insurance (NIIT IFBI) - a subsidiary of NIIT Limited , on Wednesday has announced a strategic partnership with HDFC Bank to build new age Digital Talent for the banking industry. The partnership will aim to nurture talent in the new-age tech field of data science and empower them

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Sonoco ThermoSafe and Turkish Cargo Sign Global Master Lease Agreement. Publishing date:Jul 14, 2022 11 minutes ago 3 minute read Join the conversation ARLINGTON HEIGHTS, Ill., July 14, 2022 (GLOBE NEWSWIRE) Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) and one of the largest global providers of temperature assurance packaging, and Turkish Airlines, a trusted partner in transporting high-value, time and temperature sensitive pharmaceutical cargo across the world

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Tata Motors sees profit rebound on Jaguar Land Rover boost, lower costs. By Sethuraman N R and Aditi Shah BENGALURU (Reuters) Indias Tata Motors said on Wednesday it expects profit and cash flow to bounce back in the second half thanks to healthy demand for its Jaguar Land Rover cars and a drop in domestic steel costs. Automakers are reaping the benefits of raising prices, a surge in demand for passenger vehicles after the pandemic and easing costs of key raw material steel

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After Visa and Master, American Express suspends operations in Russia and Belarus. After Visa and Mastercard, American Express announced this Sunday (5) that it will suspend all operations in Russia, in response to the countrys military invasion of neighboring Ukraine. As a result, American Express cards issued globally will no longer work at merchants or ATMs in Russia. In addition, cards issued locally in Russia by Russian banks will no longer work outside the country on American Express global network

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Riot Blockchain (RIOT) produced 436 BTC in February. March 3, 2022 4:31 PM EST Riot Blockchain, Inc. (NASDAQ: RIOT ) (Riot, Riot Blockchain or the Company) , an industry leader in Bitcoin (BTC) mining and hosting, announces production and operations update for February 2022, status of miner shipments and deployment, and updates on the 400 megawatt (MW) infrastructure expansion at the Companys Whinstone US, Inc., (Whinstone) facility in Rockdale, Texas (the Whinstone Facility)

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FDA reaches agreement with Abbott Labs to restart baby formula production at nations largest factory. by: Ryan Bittan Posted: May 17, 2022 / 01:53 PM MDT Updated: May 17, 2022 / 01:53 PM MDT The FDA has now reached an agreement with Abbott Laboratories, the nations largest formula maker, to restart production at its largest domestic factory in Michigan. The effort to bring baby formula back to store shelves comes after the Abbott plant had been shut down, following the discovery of a deadly bacteria

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Toyota Motor lowers October output target by about 50,000 vehicles. Toyota Motor Corp on Friday lowered its October production target by about 50,000 to about 750,000 vehicles because of a shortage of microchips. Adds detail TOKYO, Sept 30 (Reuters) Toyota Motor Corp 7203.T on Friday lowered its October production target by about 50,000 to about 750,000 vehicles because of a shortage of microchips. The announcement comes about a week after the worlds largest automaker by sales released its production target

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Berkshire Hathaway says it has added 12,000 jobs. The Omaha, Nebraska-based insurance and investment company said its dozens of businesses now have about 372,000 employees, up from 360,174 at the end of 2020. Berkshire had shed more than 31,000 jobs in 2020 as economies slumped and demand for many goods and services fell. The decline included about 13,400 jobs at Berkshires Precision Castparts aircraft parts unit and 5,600 at the BNSF railroad. Jobs were added last year as the U.S

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Toyota vehicle output up 1.5% in November at 830,000. TOKYO, Japan: Toyota reported an increase of 1.5 percent rise in its worldwide vehicle output, reaching a new record of 833,104 vehicles. During the month, domestic production dropped some 3.3 percent to 266,174 vehicles, while overseas output rose 3.8 percent to a record 566,930. Due to solid demand, especially in North America, and a recovery in parts supplies caused by COVID-19-related delays, global sales and production were also higher

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Sony unveils two new laser home projectors to help you create your own home cinema. Kick start your bank holiday relaxation by kitting out your own home cinema with one of these Sony home projectors. The tech brand has released two new Native 4K SXRD Laser Home projectors to help give you the ultimate viewing experience. Whether you enjoy catching the game on the big screen or you want to lounge out in front of the latest thriller, this is your sign to bring the cinema into the comforts of your own home

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Scorpio Tankers Inc. Announces the Exercise of Purchase Options on Eight Ships and Repayment of a Credit Facility. Thursday, October 20th 2022, 3:17 PM CDT MONACO, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG ) (Scorpio Tankers, or the Company) announced today that it has exercised the purchase options on eight ships and the repayment of a credit facility. The Exercise of Purchase Options on Eight Ships The Company has given notice to exercise its purchase options on one LR2 product tanker (STI Alexis) and five MR product tankers

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Halliburton, Schlumberger suspend operations in Russia U.S. oil field services companies Halliburton Co. and Schlumberger are suspending their operations in Russia as the Houston, Texas-based businesses react to U.S. NEW YORK (AP) U.S. oil field services companies Halliburton Co. and Schlumberger said they are suspending operations in Russia as the Houston, Texas-based businesses respond to U.S. sanctions over Russias invasion of Ukraine. Halliburton announced Friday that it suspended future business in the country as the company complies with sanctions that prohibit transactions and work, including for certain state-owned Russian customers

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BP triples profits and boosts dividend as energy prices soar amid cost of living squeeze. Consumer Money energy prices Energy Tuesday 2 August 2022, 10:32pm ITV News Business and Economics Editor Joel Hills reports on how bumper profits from energy firms have prompted growing calls for minister to tax companies further to help households with rising bills BP has revealed second-quarter profits more than tripled as it reaped the benefits of soaring oil and gas prices during Britains cost of living crunch

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Novartis delivers mid single digit sales growth, margin expansion and advancement of robust pipeline in 2021. In this article: NVS Ad hoc announcement pursuant to Art. 53 LR Q4 sales grew +6% (cc , +4% USD) and core operating income grew +12% (cc, +9% USD) IM sales grew +7% (cc, +5% USD) and core operating income +15% (cc, +12% USD) Sandoz sales grew +2% (cc, 0% USD) and core operating income in line with prior year (0% cc, 0% USD) Full year net sales grew +4% (cc, +6% USD) driven by strong Innovative Medicines performance Innovative Medicines

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Capstone Green Energy Corp Capstone Green Energy Reducing Operating Costs as the Business Model Shifts Towards Energy as a Service (Businesswire). 2022-03-03 14:00 Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green Energy-as-a-Service (EaaS) solutions, has launched an effort to reduce operating costs and modify the operating model to better match the Companys expanding EaaS business. The expense reduction plan implemented this week is intended to support Capstones stated goal of reaching consistent quarterly positive adjusted

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SIEMENS ENERGY: RESTRUCTURING OF BUSINESS ACTIVITIES IN RUSSIA C. SIEMENS ENERGY: RESTRUCTURING OF BUSINESS ACTIVITIES IN RUSSIA CAUSED 0.2 BLN EUR HIT IN Q3, NO FURTHER SIGNIFICANT FINANCIAL IMPACT EXPECTED Reuters 2022 Stocks mentioned in the article Change Last 1st jan.

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Baker Hughes Rig Count: U.S. Down 1. The U.S. rig count is down one from last week to 763 with oil rigs up three to 601, gas rigs down one to 160 and miscellaneous rigs down three to two.

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Toyota is reducing production in Canadian factories due to protests, among other things. Car manufacturer Toyota has been forced to reduce production in Canadian factories. Production will certainly be shut down for the rest of the week.

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Toyota cuts February output, expects to miss annual production target on chips crunch. Pandemic-induced supply chain disruptions continue to hit the automakers output. Hans Greimel TOKYO After holding strong for months, Toyota now expects to miss its global production target as the automaker capitulates to the double whammy of parts shortages and the pandemic. Toyota said it expects global production to come in under the 9 million-vehicle target for its fiscal year to March 31 that the company had been clinging to since last

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Houlihan Lokey Expands its Cybersecurity Coverage Capabilities. Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Keith Skirbe has joined the firms global Technology Group as a Managing Director covering the cybersecurity sector. He is based in San Francisco. In todays world, it is impossible to overstate the importance of cybersecurity to every type of institution or organization, and this centrality continues to be a major driver of corporate finance activity, said Phil Adams

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Ballard Receives Order from Siemens Mobility to Power 7 Trains. Ballard Power Systems announced an order for 14 x 200 kW fuel cell modules from Siemens Mobility GmbH, a leading supplier in the development of alternative drives, to power a fleet of seven Mireo Plus H passenger trains. Tags:

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Toyota expects to lower full-year production target due to chips shortage. TOKYO (Reuters) -Toyota Motor Corp expects to lower its production target of 9.7 million vehicles for the financial year through March 2023, the Japanese automaker said on Friday, in the first admission that it will miss an ambitious goal. Analysts and even some group companies had cast doubt on prospects for achieving the record-high output plan, and a spokesperson attributed the shortfall to a scarcity of semiconductor chips

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Schlumberger expands global AI innovation network. Schlumberger has expanded its global Innovation Factori network with the inauguration of a new centre in Oslo, Norway.

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Deutsche Bank hires ex-Goldman Sachs exec to Americas wealth management unit. Colburn joins the European bank as managing director and senior...

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Few Credit Suisse clients have closed accounts - CEO of the banks Swiss unit. ZURICH (Reuters) - The head of Credit Suisse (SIX: CSGN )s Swiss unit said some customers have withdrawn some of their money, but very few have actually closed their accounts. Last week, Switzerlands second-largest bank said it expects to make a pre-tax loss of up to 1.5 billion Swiss francs ($1.6 billion) during Q4 and revealed that wealthy clients had made hefty withdrawals, leading to a big drop in liquidity

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Ford to suspend or cut output at 8 of its factories due to chip shortage. 1 min read Ford to suspend or cut output at 8 of its factories due to chip shortage FILE PHOTO: Ford produces F-series pickup in Dearborn SAN FRANCISCO (Reuters) - Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply constraints, a spokeswoman told Reuters on Friday. The changes come a day after the Detroit automaker warned a chip

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Starbucks union push expands to 54 stores in 19 states: NPR. Starbucks faces a rapidly growing labor campaign just weeks after Americas first company store unionized in Buffalo, NY Employees at 54 stores in 19 states are pursuing union elections, organizers say. Fifteen of those stores joined the labor campaign Monday, asking federal labor officials to hold a vote. The filing coincides with the start of contract negotiations between Starbucks and unionized Buffalo workers

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CVR Energy Announces Exploration of Potential Spin-Off of its Nitrogen Fertilizer Business. SUGAR LAND, Texas, Nov. 21, 2022 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) (CVR Energy) announced today that its board of directors (the Board) has authorized CVR Energys management to explore a potential spin-off of its interests in its nitrogen fertilizer business, which is owned by CVR Energy through the general and limited partner interests it holds in CVR Partners, LP (NYSE: UAN), a publicly traded limited partnership (CVR

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PepsiCo invests $260 million in Georgia plant expansion. ATLANTA PepsiCo Beverages North America (PBNA), a division of PepsiCo, Inc., is investing $260 million to expand its manufacturing facility in Tucker, Ga. PBNA will expand the facility by more than 260,000 square feet. It will increase production at the plant five-fold by 2025, making it one of the largest manufacturing facilities in the companys portfolio. The expansion will create at least 136 full-time jobs

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Kohls Cuts Outlook as Higher Costs Ensnare Another Retailer. (Bloomberg) Kohls Corp. slashed its profit and sales outlook, piling onto an already tough week for retail companies as inflationary pressures cut into profits. Most Read from Bloomberg The department-store chain now expects full-year earnings per share, excluding some items, in the range of $6.45 to $6.85, Kohls said in Thursday in conjunction with its first-quarter earnings release. Thats down from a February forecast of $7 to $7.50

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Credit Suisse hiring credit traders in London, losing equities professionals in Singapore. Traders arent just leaving Credit Suisse after the last bonus round, theyre arriving too. In London, Credit Suisse has just poached Joel Robinson from RBC to join its global credit products business in EMEA at director level. Robinson, who was head of high yield and subordinated credit trading at RBC, joins Credit Suisse as the senior trader for investment grade cash trading and will lead the Swiss banks corporate hybrid trading franchise

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Activision Blizzard: Bobby Kotick would have thought of buying sites like Kotaku and PC Gamer to improve the image of the company. A new possible backstory on Activision Blizzards controversial CEO. With the news of Microsoft acquiring Activision Blizzard, there are also several background on the deal and the situation of the two companies and in particular on Activision. As you probably know the whole company and Bobby Kotick himself were grappling with heavy allegations of sexual harassment and inappropriate behavior to say the least

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Equinor boosts Johan Sverdrup oil output. OSLO, Dec 15 (Reuters) - Norways Equinor said on Thursday it had begun pumping oil from the second phase of its giant Johan Sverdrup development, sharply boosting output from Europes biggest producing field. (Reporting by Nerijus Adomaitis, editing by Terje Solsvik) (([email protected]; +47 9027 6699; Reuters Messaging: [email protected]))

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Ford sets June 14 deadline for Chennai employees to resume production. Employees at the Chennai plant of Ford India have been on strike from May 30 demanding better severance package. Employees at the Chennai plant of Ford India have been on strike from May 30 demanding better severance package. Ford India has informed its employees at the Chennai plant that in case employees do not resume production from June 14, there is a high likelihood that the company will be required to call off production of remaining

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Novartis to cut thousands of jobs in global revamp paper. ZURICH (Reuters) Swiss drugmaker Novartis will cut thousands of jobs worldwide as it combines its pharma and oncology businesses in a reorganisation announced last week, Swiss newspaper Tages-Anzeiger reported on Tuesday, citing unnamed company sources. More than 100 jobs could also disappear at Novartiss Swiss sites in Rotkreuz and Basel, the paper reported. Contacted by Reuters, a Novartis spokesperson said efficiencies would come through

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Kroger expands programmatic capabilities for advertisers with Pacvue partnership. Brands accessing Krogers first-party data can improve ad effectiveness with a dashboard of tools, including AI optimization.

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Oracle Power acquires land on lease for green hydrogen project in Pakistan. Oracle Power PLC announced the acquisition by Oracle Energy of State land by way of a long lease for 30-years with the Government of Sindh, for a land package of 7,000 acres (approximately 28.3 km) located in the Thatta district, Sindh, south-east Pakistan, where its flagship Green Hydrogen Project will be located. Oracle Energys Green Hydrogen Project would be Pakistans first producer of green hydrogen, with an initial capacity to produce 55

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Chevron raises Permian Basin oil production growth target to 15%. (Bloomberg) Chevron Corp. lifted its production target in North Americas biggest oil field in a sign that U.S. shale is responding to $100-a-barrel crude despite rising cost pressures and equipment shortages. Chevron will produce the equivalent of about 725,000 barrels of oil daily in the Permian Basin this year, a 15% increase from 2021, the company said in an investor presentation on Friday. Thats up from the previous plan for a 10%

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Starbucks raising prices to offset soaring costs. by: Maureen Breslin, The Hill via Nexstar Media Wire Posted: Feb 2, 2022 / 09:41 AM CST Updated: Feb 2, 2022 / 09:41 AM CST SHARE ( The Hill ) Starbucks on Tuesday announced that it will be increasing the prices of its products in 2022, citing rising inflation, supply chain disruptions and increasing labor costs, according to a statement by the company. The coffee giant missed its projected quarterly profit as the highly-contagious omicron

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Cadillac invests 81 million USD to hand-build Celestiq EV flagship. General Motors will invest US$81 million to build its future Cadillac Celestiq electric flagship sedan at GMs Warren Technical Center, the company said on Wednesday. Article content We apologize, but this video has failed to load. Cadillac invests 81 million USD to hand-build Celestiq EV flagship Back to video The Celestiq, which will share battery cells, motors, and other components with the Cadillac Lyriq

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MEC: Entergy Invests $30 million, Relocates 44 Employees to Flora. Below is a press release from the Mississippi Economic Council: Entergy Mississippi has purchased the former Primos facility and 10 acres, and some 25 adjacent acres in the Flora Industrial Park, and will relocate 44 employees to the site once the property is in service next year. Construction will begin soon on the 102,700-square-foot building, which is being re-designed to accommodate 39 full-time employees and five contract employees

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BASF ANNOUNCES $19.8 MILLION GEISMAR PLANT EXPANSION. GEISMAR, La. BASF will invest $19.8 million in its Ascension Parish manufacturing complex to increase production of the chemical intermediates HEP and NOP, which are part of the global supply chain for inkjets, dishwashing detergents, crop protectors, and automotive and electronic products. With the expansion, BASF will retain more than 1,000 existing jobs at the Geismar facility. The company estimates the project will result in 58

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Walmart cuts full-year profit outlook as higher costs bite. Walmart said US inflation levels put more pressure on its margins and operating costs than anticipated, prompting the worlds largest retailer to cut its earnings forecasts for the current quarter and its full fiscal year. The company said it expected net sales for its 2023 fiscal year to increase by 4 per cent in constant currency terms, up from the 3 per cent forecast it provided in February, but said earnings per share would now be down 1 per

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Toyota nixes SUV orders in first cancellation due to output delays. This marks the first time the Japanese automaker canceled customer orders due to production issues, according to multiple dealerships in Japan. Dealerships are asking customers who ordered the Harrier known in North America as the Venza to instead take a remodeled version due out in September. But the price and specifications of the new version have yet to be disclosed, which means some lost orders will be inevitable

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Toyota adding jobs to support electric vehicle production. GEORGETOWN, Ky. (AP) Toyota Motor North America will add 220 jobs as part of its push to increase electric vehicle manufacturing, the automaker said. The engineering jobs will be added to Toyotas Production Engineering Division, which serves as go-between for design and manufacturing, the company said. The new employees will be part of Toyotas efforts to look for ways to make electric vehicle manufacturing more efficient

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Apple (AAPL) prematurely begins production of iPhone 14 in India. Apple AAPL is gradually reducing its dependence on China for iPhone production by shifting production to countries in South Asia such as India and Vietnam. According to a report in Bloomberg, the iPhone maker has started production of the latest iPhone 14 in India much sooner than expected, driven by a smooth production rollout, which has been a gap of months to just weeks between Chinese and Indian production. interval

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GM invests $81 million to build Cadillac Celestiq EV flagship in Michigan. (Reuters) General Motors will invest $81 million to build its future Cadillac Celestiq electric flagship sedan at GMs Warren Technical Center, the company said on Wednesday. The Celestiq, which will share battery cells, motors and other components with the Cadillac Lyriq, is slated to begin production in the Detroit suburb in late 2023, according to AutoForecast Solutions. The vehicle will be hand-assembled in extremely low volumes around

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Watch SpaceXs latest launch to International Space Station. SpaceXs Falcon 9 rocket and Crew Dragon spacecraft have launched the second astronaut mission for SpaceX in just one month. On board are four professional astronauts, destined for the International Space Station, including the first Black woman to join the ISS crew.

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SharpCloud Software joins Oracles PartnerNetwork (OPN) to help companies align their project work to business goals. Published Oct. 10, 2022 at 3:45 PM GMT+2 | Updated 13 minutes ago LONDON Oct. 10, 2022 /PRNewswire/ -- SharpCloud, a powerful visual tool for strategic business alignment, today announced that it has become an Oracle PartnerNetwork (OPN) member. As a partner member, SharpCloud delivers data-driven visualization and collaboration solutions to ensure project-led enterprise companies can align project work to their long-term business goals

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Toyotas Oct Global Vehicle Production Up 23%, Above Its Target - Latest Tweet by Reuters. The latest Tweet by Reuters states, Toyotas Oct global vehicle production up 23%, above its target ... (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the users social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post

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Boeings cash flow on investors radar as supply layoffs curb production. Boeings cash flow will be the focus on Wednesday when the U.S. planemaker reports results as production growls limit its capacity to take advantage an ascent in demand for long-haul Dreamliner jets in the midst of an insatiable appetite for air travel. A few analysts anticipate that the organization should push its objective of positive cash flow to 2023 from this year as inflation drives up expenses and supply chain disruptions hamper its

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Walmart is expanding abortion coverage for employees. Walmart is expanding abortion coverage for employees ...... read full story

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Obsidian Energy announces 2022 drilling program and guidance as well as update on development program. Calgary, Alberta OBSIDIAN ENERGY LTD. ( TSX: OBE ) ( OTCQX: OBELF ) ( Obsidian Energy or the Company ) is pleased to announce our 2022 guidance, building on our successful drilling results in the Cardium while further expanding activity in Peace River. A total of $143 to $149 million in capital expenditures, plus an additional $14 million in decommissioning expenditures, is planned for 2022

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BlackRock Inc. Decreases Stock Position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP). BlackRock Inc. lessened its stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,387,250 shares of the companys stock after selling 94,301 shares during the period. BlackRock Inc. owned approximately 2.45% of Concrete Pumping worth $11,848,000 at the end of the most recent quarter. A number of other large investors also recently

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Earnings Results: KB Home says supply-chain, employment issues are delaying construction of new homes; stock sinks. KB Home executives said that issues with supplies and hiring enough workers harmed the companys ability to complete construction of homes early in 2022, and financial results missed expectations in a Wednesday report, sending shares lower. Weiter zum vollstndigen Artikel bei MarketWatch

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Twitter: Take-Two Interactive Software (TTWO) Suspends All Operations in Russia and Belarus. March 7, 2022 7:26 AM EST Industry insider Ben T reports on Twitter that Take-Two Interactive Software (NASDAQ: TTWO) suspends ... This is a premium only article. To continue reading this and other premium stock market news articles please sign-in or upgrade to StreetInsider.com Premium below (Free Trial) LEARN MORE Member Login

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International Finance: Toyota Shares Sink Most in Nearly Two Years on Output Target Cut. Toyota Motor Corp. shares fell as much as 4.7% Wednesday morning, their biggest intraday loss since March 2020, after the company warned it expects to miss its production target for this fiscal year. ... Article published by Daily Maverick (Zambia), read the rest of the news

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Ford Motors to suspend or cut output at 8 of its factories due to chip shortage. Ford Motor warned that chip shortage would lead to a decline to vehicle volume in the current quarter Listen to this article Ford Motor plans to suspend or cut production at eight of its factories in the United States, Mexico and Canada throughout next week because of chip supply constraints, a spokeswoman told Reuters on Friday. The changes come a day after the Detroit automaker warned a chip shortage would lead to a decline to vehicle volume

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Caterpillar relocates headquarters from Chicago area to Irving Alexandra Skores, The Dallas Morning News Jun 14, 2022 46 min ago. Industrial giant Caterpillar Inc. is relocating its headquarters from Deerfield, Illinois, to Irving, Texas. The company has about 120 workers now in an Irving office and a Caterpillar spokesperson said the size of its local workforce will depend on future business needs. The international manufacturer of construction and mining equipment, engines, generators and locomotives has had a presence in Texas since the 1960s

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Stellantis suspends car production in Russia. MOSCOW: Carmaker Stellantis which produced and sold the Peugeot, Citroen, Opel, Jeep, and Fiat brands in Russia, said today it was suspending production at its Russian plant due to logistical difficulties and sanctions imposed on Moscow. Stellantis, the worlds fourth-largest automaker, has just 1% of the car market in Russia, where it ran a plant in Kaluga some 210km south-east of Moscow with Japanese carmaker Mitsubishi before it halted

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Goldman Sachs signs lease for new Birmingham office. Bloomberg Goldman Sachs Group Inc. signed a lease for a new office in Birmingham, England, that could eventually accommodate as many as 1,000 staff. The Wall Street bank has signed a long-term lease for about 110,000 square feet of space in One Centenary Way, an office being built at the Paradise Birmingham development, according to a statement Wednesday. Goldman will occupy five floors of the building with enough space to initially accommodate

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TSMC starting production of 3nm chips for Mac, iPhone. Within days, TSMC will start mass production of its 3-nanometer chip process for the next generations of Mac, iPhone, and other Apple devices.TSMC starts 3nm chipsAccording to a report on Monday from DigiTimes, TSMC will hold a ceremony at Fab 18 at the Southern Taiwan Science Park (STSP) on December 29 to mark the occasion. It will also reveal plans to expand 3-nanometer chip production at the fab

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Ford Mustang Mach-E EV production ramping up. Ford has produced its 150,000th Mustang Mach-E electric SUV after almost two years as the battery-powered crossover rolls out across more markets. The Blue Oval brand say it plans to scale total EV production to 600,000 per year by late 2023 and more than two million by 2026. The 150,000th Mustang Mach-E was produced at the Blue Ovals Cuautitln stamping and assembly plant in Mexico, which recently received some upgrades to support more

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Liz Feldman Real Estate Dark Comedy No Good Deed Gets Straight-to-Series Order from Netflix. Liz Feldman has another Netflix dark comedy on the way. The Dead to Me creator scored a straight-to-series order from the streamer, where shes under an overall deal, for No Good Deed, which is set in the world of real estate. A half-hour series, No Good Deed follows three very different families who are each vying to buy the same 1920s Spanish-style villa that they think will solve all their problems

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Netflix acquires animation studio behind The LEGO Movie and Captain Marvel. I The Australian animation company opened its studios in 1991, and worked on some of the biggest animated films to come out of the great southern land including George Millers Happy Feet and the well-received LEGO movies. Their grasp goes beyond animated features, with them also working on Captain Marvel Planet of the Apes The Great Gatsby , and Sucker Punch Netflix closed the deal for an estimated $84.8 billion (AU$123 billion)

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BRIEF-Innerscope Hearing Technologies Inc Says On April 28, Unit Received A Purchase Order From Walmart Usa In Amount Of $9.5 Million For Hearingassist Products. June 6 (Reuters) - Innerscope Hearing Technologies Inc : * INNERSCOPE HEARING TECHNOLOGIES INC - ON APRIL 28, UNIT RECEIVED A PURCHASE ORDER FROM WALMART USA IN AMOUNT OF $9.5 MILLION FOR HEARINGASSIST PRODUCTS * INNERSCOPE HEARING TECHNOLOGIES INC - PURCHASE ORDER IS FOR IN-STORE PURCHASES OF FOUR NEW HEARINGASSIST MODELS Further company coverage: (([email protected];))

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Akamai invests in Macrometa as plan to build an edge cloud platform takes shape. This combination will help enterprise customers build, deploy and run global applications and APIs across the Article Topics Comments Leave a Reply

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Ford starts production of its F-150 Lightning electric pickup. Reporter 2-min read The electric pickup truck market is now truly competitive. Ford has started full production of the F-150 Lightning at its Rouge Electric Vehicle Center in Dearborn, Michigan, roughly four months after it stopped taking reservations . The company will start shipping the base Pro model in the coming days, Ford said at an event (below). Its not certain how many Lightnings will reach customers this year

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Vodafone rings in major revamp at global client arm. 4 hours ago Vodafone embarks on secret overhaul codenamed Venture Galaxy because it faces mounting strain from highly effective activist investor By Emma Dunkley And Alex Lawson, Financial Mail On Sunday Printed: 16:50 EST, 5 February 2022 | Up to date: 10:00 EST, 6 February 2022 Telecoms big Vodafone has launched into a secret overhaul codenamed Venture Galaxy because it faces mounting strain from a strong activist investor

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Intel, cutting costs, offers unpaid leave to factory workers worldwide. The chipmaker hopes to save $3 billion next year through layoffs and other cost cuts. Intel is offering thousands of manufacturing employees three months of unpaid leave, another effort to trim its budget amid a historic sales decline. Retaining our manufacturing talent is a key element of positioning Intel for long-term growth, Intel said in a written statement to The Oregonian/OregonLive. Voluntary time off programs allow us an opportunity

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BRIEF-Novartis And Medicines For Malaria Venture Announce Decision To Move To Phase 3 Study For Novel Ganaplacide/Lumefantrine-Sdf Combination In Adults And Children With Malaria. Nov 23 (Reuters) - Novartis AG : * NOVARTIS AND MEDICINES FOR MALARIA VENTURE ANNOUNCE DECISION TO MOVE TO PHASE 3 STUDY FOR NOVEL GANAPLACIDE/LUMEFANTRINE-SDF COMBINATION IN ADULTS AND CHILDREN WITH MALARIA Further company coverage: (Reporting by Paul Carrel) (([email protected];))

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Nissan has developed new technology to make custom body parts faster and at lower cost. For nearly as long as there have been cars, people have been collecting and customizing them. Until recently, however, if owners of classic cars wanted to replace a damaged bonnet or fender on an out-of-production model, they had to search through junkyards or hire a craftsman to make a one-off replacement (which might be costly). Now, thanks to a new technology called dual-sided die-less forming

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