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Morgan Stanley reiterates Apple as buy Morgan Stanley said it's sticking with the stock following the release of the company's annual 10-K analysis. " Morgan Stanley reiterates Amazon as overweight Morgan Stanley raised its price target on Amazon to $230 per share from $210. Morgan Stanley upgrades Entergy to equal weight from underweight Morgan Stanley said the energy company's outlook has improved. " Morgan Stanley upgrades Roblox to overweight from equal weight Morgan Stanley said in its upgrade of the stock that it sees a long runway for growth. " Morgan Stanley downgrades STMicroelectronics to underweight from equal weight Morgan Stanley said it sees too many headwinds from the semis manufacturer.
Persons: Berkshire Hathaway, Price, Morgan Stanley, Apple, Goldman Sachs, Goldman, it's bullish, Rollins, William Blair, TSMC, Bernstein, Trip.com, Morgan Stanley downgrades STMicroelectronics, Hollister comps, Peter Stern, D.A, Davidson, AAPL Organizations: UBS, Berkshire, Citi, Apple, PlayStation, Barclays, Blackwell, Tencent, Entertainment, Trip.com, Bank of America, Inc, KeySight, Qs, Abercrombie & Fitch Citi, of America, " Bank of America, Meta, Walmart Locations: Kazakhstan, LA, China
Getting F-16s and long-awaited weaponsDelays in getting Western equipment have long been a source of frustration for Ukraine. Western allies lifted some restrictions in May, allowing Ukraine to strike Russian troops building up at its borders. AdvertisementTaking the war inside RussiaThe biggest change this year is that Ukraine altered the dynamics of the conflict by launching a surprise attack on Russia's Kursk region. In just two weeks, starting on August 6, Ukraine claims its forces took more territory in Kursk than Russia had since the beginning of 2024. Ukraine is "losing territory and may suffer a breakthrough," Benjamin Friedman, policy director at the Defense Priorities think tank, told BI.
Persons: , Abishur Prakash, Volodymyr Zelenskyy, Zelenskyy, Volodymyr Zelenskyi, Vitalii, Mark Temnycky, it's, Gabrielius Landsbergis, Ukraine wouldn't, Mark Cancian, year's, Putin, Joe Biden, Benjamin Friedman, Michael Kofman, Rob Lee, Prakash Organizations: Service, Russia, Republican, Business, Inc, Reuters, Army Tactical Missile Systems, Getty, Council's Eurasia, Times, Institute for, American Enterprise, Air Assault Brigade, REUTERS, US Marine Corps, Center for Strategic, International Studies, CNN, Defense, Carnegie Endowment, International Peace, Foreign Policy Research Institute, Foreign, Kyiv Locations: Ukraine, Russia, Russian, Kursk, Toronto, Kharkiv, London, Russia's Kursk, Malaya Loknya, Kursk Region, REUTERS Russia, Kyiv
Chey Tae-won, billionaire and chairman of SK Group, prepares to leave after speaking during the Nikkei Forum Future of Asia in Tokyo, Japan, on Thursday, May 23, 2024. Shares of SK Inc., one of South Korea's biggest conglomerates, surged as much as 16% on Thursday after a court reportedly ordered the company's chairman to pay $1 billion to his wife in a divorce lawsuit. Chey Tae-won was told by a Seoul court to pay 1.38 trillion Korean won to his estranged wife, Roh Soh-yeong. Prior local reports suggested Roh was seeking around 2 trillion won as part of a settlement and some of Chey's shares in SK Inc. The final settlement is lower, perhaps explaining the jump in SK Inc. shares, which eventually closed more than 9% higher in Seoul.
Persons: Chey Tae, Roh, yeong, Chey, Roh Tae Organizations: SK Group, Nikkei, SK Inc, CNBC, SK Hynix, SK Telecom, South Locations: Asia, Tokyo, Japan, South, Seoul
John Walker, a groundbreaking, if reclusive, technology entrepreneur and polymath who was a founder and chief executive of Autodesk, the company that brought the ubiquitous AutoCAD software program to the design and architecture masses, died on Feb. 2 in Neuchâtel, Switzerland. His death, in a hospital, was caused by complications of head injuries he suffered in a fall at home, his wife, Roxie Walker, said. His death was not widely reported at the time. Mr. Walker was well known in tech circles, not just for his triumphs in business but also for his outsize skills as a programmer — he was credited with developing an early prototype of the computer virus — and as a voluble writer who filled his personal site, Fourmilab, with free-ranging musings on topics as diverse as cryptography, nanotechnology and consciousness studies. Although he had little taste for publicity, he became a prominent tech mogul of the 1980s and early ’90s as a founder of Autodesk Inc., once described as “a theocracy of hackers,” which grew to become the sixth-largest personal computer software company in the world.
Persons: John Walker, Roxie Walker, Walker, Organizations: Autodesk, Autodesk Inc Locations: Neuchâtel, Switzerland
New York CNN —Big Tech has given workers an ultimatum: Come back to the office, or find a new job. However, the program risked letting all employees work from home or any other remote location. Intentional office gatheringsAhead of instituting Flex Forward, Autodesk was “rethinking our office footprint,” Blum said. For instance, Autodesk closed its San Rafael, California, office; consolidated it with the San Francisco headquarters; and started subleasing some of its office space. But, increasingly, the talent acquisition team is seeing more candidates apply for openings because they view Autodesk as “that remote company,” Pearce added.
Persons: Elon Musk, Mark Zuckerberg, Rebecca Pearce, Pearce, “ I’m, ” Pearce, , Steve Blum, Autodesk’s, it’s, ” Musk, Jamie Dimon, Michael Nagle, , , doesn’t, Andy Jassy, Jassy, don’t, ’ ”, ” Blum, Blum Organizations: New, New York CNN, Big Tech, Autodesk, Flex, CNN, Autodesk Inc, , Meta, JPMorgan, Bloomberg, Getty, ” Autodesk, La Nacion, , San, Employees Locations: New York, Cornwall, England, North America, Autodesk’s Portland , Oregon, Portland , Oregon, La, Rafael , California, San Francisco, cubicles, Autodesk's Portland , Oregon
REUTERS/Rick Wilking/File PhotoAug 2 (Reuters) - Industrial equipment auctioneer RB Global Inc (RBA.TO) said on Wednesday it replaced its chief executive officer, Ann Fandozzi, who recently spearheaded a $7.3 billion acquisition, amid a dispute over equity compensation. The company, formerly called Ritchie Bros Auctioneers, said Jim Kessler, its former chief operating officer and president, has been named CEO. The company gave a second-quarter earnings preview, reporting that revenue jumped 128% to $1.1 billion and net income climbed 63% to $86.8 million. The company said Fandozzi asked the board to approve a program "out of step with market standards." "My focus has been on sustaining momentum while solidifying an all-equity, at-risk incentive program to align management with long-term performance and shareholder value," she said.
Persons: Richie Bros, Rick Wilking, Ann Fandozzi, Ritchie, Auctioneers, Jim Kessler, Eric Jacobs, Jacobs, Fandozzi, Glass Lewis, Kessler, Svea Herbst, Bayliss, Pratyush Thakur, Anil D'Silva, Sriraj Kalluvila, Leslie Adler Organizations: REUTERS, Global Inc, Investors, RB Global, New York Stock Exchange, Reuters, U.S, Services, Svea, Thomson Locations: Longmont , Colorado, U.S, Boston, Bengaluru
Two startup companies, Group14 Technologies and Sila Nanotechnologies, are focused on new applications for silicon, an abundant element that is being developed as a supplement or replacement for graphite in battery anodes. Seven-year-old Group14 said on Tuesday that it has begun constructing a commercial-grade facility in Moses Lake for its SCC55 silicon-carbon powder. Group14’s joint-venture plant in Korea with battery maker SK is scheduled to open this year, according to Rick Luebbe, CEO and co-founder. Sila has raised more than $900 million, with Mercedes, ATL and Siemens (SIEGn.DE) among its corporate investors. Strong demand for silicon-rich anodes means “we’re under pressure to go faster and bigger,” Luebbe said.
Novo Nordisk Inc. NovoLog brand insulin pens are arranged for a photograph in the Brooklyn borough of New York, U.S., on Friday, April 5, 2019. Novo Nordisk, one of the world's biggest insulin makers, will cut the list price of its NovoLog insulin by 75% and the prices for Levemir and Novolin by 65%, the company said in a press release. NovoLog's list price will fall to $139.71 from $558.83 for a pack of five injection pens. The company also said it plans to reduce the list price of its unbranded insulin products to match the lowered price of each respective branded insulin. Novo Nordisk, Lilly and Sanofi control over 90% of the global insulin market.
Technology Chiefs Seek Help Wrangling Cloud Costs
  + stars: | 2023-03-03 | by ( Belle Lin | ) www.wsj.com   time to read: +6 min
Some chief information officers have turned to cloud management tools and established internal teams to oversee their cloud spending. Mr. Nimboorkar said the company has since built a dedicated team to manage its Amazon Web Services spending and invested in a third-party cloud spending management tool. Executives from all three cloud giants have said customers are optimizing or reining in their cloud spending, citing economic factors. Many of the best practices in cloud spending management have been codified by the nonprofit FinOps Foundation, which promotes cloud financial literacy and accountability, she said. That model allows Mr. Kanchi to wholly manage cloud spending, he said, but was only possible after UST figured out how to tag cloud usage by its various business units.
Away hired Carla Dunham as chief marketing officer as the luggage and travel accessories company tries to make the most of the industry’s pandemic recovery. Ms. Dunham had most recently been chief marketing and merchandising officer at e-commerce delivery startup Foxtrot and previously held high-level marketing roles at retail and fashion businesses including Kate Spade and Amazon Fashion. Carla Dunham, chief marketing officer for Away. Photo: AwayBusiness has picked up again as travelers around the world return to prepandemic activities, according to Ms. Dunham. Ms. Dunham reports to Away co-founder and Chief Executive Jen Rubio.
Jan 18 (Reuters) - Crypto outlet CoinDesk Inc is exploring a full or partial sale of its business and has hired investment bank Lazard Ltd (LAZ.N) to lead the process, the media company's chief executive said on Wednesday. The crypto industry is going through one of its worst phases, with prices of major tokens at two-year lows and a string of bankruptcy filings from top players. "My goal in hiring Lazard is to explore various options to attract growth capital to the CoinDesk business, which may include a partial or full sale," CEO Kevin Worth told Reuters in a statement. The development comes amid an industry turmoil, which began with the crash of stable coins TerraUSD and Luna early last year. The company is wholly owned by crypto-focused venture capital firm Digital Currency Group, which also has interest in Coinbase, according to its website.
CoinDesk’s parent company is Digital Currency Group Inc., or DCG, which operates the media platform as well as an events business and cryptocurrency price indexes. CoinDesk Inc., a cryptocurrency-focused media company, has retained investment bankers at Lazard Ltd. to help it explore options including a partial or full sale, according to its chief executive officer. “Over the last few months, we have received numerous inbound indications of interest in CoinDesk,” CoinDesk CEO Kevin Worth said.
Jan 7 (Reuters) - Twitter Inc made further staff cuts in the trust and safety team handling global content moderation and in the unit related to hate speech and harassment, Bloomberg news reported on Saturday. Workers on teams handling policy on misinformation, global appeals and state media on the platform were also eliminated, the report added. Twitter's vice president of trust and safety, Ella Irwin, confirmed to Reuters that Twitter made some cuts in the trust and safety team on Friday night but did not give details. "We have thousands of people within Trust and Safety who work content moderation and have not made cuts to the teams that do that work daily," she said via email. The company was also was hit with a lawsuit last month that claimed the social media company disproportionately targeted female employees in layoffs.
Investors currently expect at least two 25 bps rate hikes next year and borrowing costs to peak at 4.9% by May next year, before falling to around 4.4% by year-end. Both central banks are expected to hike borrowing costs by 50 bps. Shares of megacap companies, including Apple (AAPL.O), Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O) and Nvidia Corp , fell between 1.1% and 2.1% in premarket trading. Trade Desk Inc (TTD.O) slipped 4.1% after Jefferies downgraded its rating for the adtech firm to "hold" from "buy". Reporting by Sruthi Shankar and Ankika Biswas in Bengaluru; Editing by Savio D'Souza and Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
SEOUL, Dec 6 (Reuters) - A South Korean court ordered the chairman of No. 2 conglomerate SK Group to transfer 66.5 billion won ($50.68 million) in a division of property, as part of a divorce ruling on Tuesday. It was not immediately clear if the transfer by Chairman Chey Tae-won would include stock in the group's holding company, SK Inc (034730.KS). Kim Hyeon-jung, a judge of the Seoul Family Court, said the estranged wife, Roh Soh-yeong, would also receive alimony of 100 million won. Chey holds 17.5% of SK Inc, the company's regulatory filings show, with a value of 2.7 trillion won at Monday's closing price.
Zendesk goes private in $10 bln deal
  + stars: | 2022-11-22 | by ( ) www.reuters.com   time to read: +1 min
As part of the deal, Zendesk shareholders received $77.50 per share in cash. Proxy advisory firm Institutional Shareholder Services (ISS) had backed the deal, which Zendesk shareholders approved in September. Jana had pushed for the sale after San Francisco-based Zendesk failed to buy SurveyMonkey parent Momentive Global Inc (MNTV.O) in a $3.9 billion deal. The Momentive deal fell through after it was rejected by Zendesk shareholders. In August, Light Street Capital Management, which manages funds that own more than 2% of Zendesk, said it would vote against the private equity deal and proposed that Zendesk remain a standalone public company and find a new top boss.
Tripadvisor Names Its First CMO Since 2018
  + stars: | 2022-11-15 | by ( Patrick Coffee | ) www.wsj.com   time to read: +4 min
Tripadvisor Inc. has hired John Boris as its first chief marketing officer in more than four years as the online travel company hopes to serve consumers who are willing to pay more to book flights and hotels. Mr. Boris had been chief growth officer at Australian blockchain gaming startup Immutable Pty. Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. Its marketing expenses rose 58% to $234 million during the same period thanks, in part, to an increase in search-engine marketing, according to the company’s earnings report. Tripadvisor also recently replaced its retiring chief financial officer with Mike Noonan, formerly of dieting app Noom.
Sept 28 (Reuters) - Cloud-based data platform Workiva (WK.N) has received takeover interest from private equity firms Thoma Bravo and TPG (TPG.O), Bloomberg News reported on Wednesday citing sources familiar with the matter. Private equity firms have taken several software companies including Anaplan and Zendesk Inc private this year. Thoma Bravo this year has acquired cybersecurity firm SailPoint, agreed to buy Ping Identity Holding (PING.N) and has expressed interest in British firm Darktrace Plc (DARK.L) and Australia's Nearmap (NEA.AX). Workiva, which currently has a market value of $3.4 billion, told Reuters it would not comment on market rumors and speculation. Thoma Bravo and TPG did not immediately respond to a Reuters request for comment.
Loading chart...Micron Technology Inc: "I think the stock goes to $48, $47 before I ever think about buying it." Loading chart...Crown Castle Inc: "I say, keep your powder dry." ... Don't buy all at once." Loading chart...On Semiconductor Corp: "It's doing well, but all semiconductor stocks are vulnerable." Loading chart...Carnival Corp: "I think it can stave off that bankruptcy, but I don't think that makes it a good stock."
Zendesk shareholders vote in favor of $10.2 bln go-private deal
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterZendesk logo is seen in this illustration taken June 27, 2022. read moreThe firm said that the deal would close in the fourth quarter of the year. Register now for FREE unlimited access to Reuters.com RegisterProxy firm Institutional Shareholder Services (ISS) backed the deal and warned that there would be "significant downside risk" if Zendesk shareholders failed to approve it. read moreEarlier this month, Zendesk said that macroeconomic conditions and business momentum have continued to weaken since the go-private deal announcement in late-June from the consortium. Register now for FREE unlimited access to Reuters.com RegisterReporting by Akash Sriram in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
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