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Aishwarya Jain - 5 Shounak Dasgupta - 5 Shilpi Majumdar - 4 Modi - 4 Charlie Munger - 3 Buffett - 3 Munger - 3 Greg Abel - 3
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25 mentions found


☆ After Munger's death, Berkshire succession comes into focus
  + stars: | 2023-11-29 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +6 min
[1/4] Berkshire Hathaway Inc Vice Chairman Charles Munger speaks at the Daily Journal annual meeting in Los Angeles, U.S., February 15, 2017. Munger's death on Tuesday, five weeks shy of his 100th birthday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Buffett's top advisers and sounding boards. At the 2021 annual meeting, Jain was asked how he and Abel interact with each other. "You don’t need them to be as good as Buffett or Munger to make Berkshire a good company and arguably a great company." "It particularly doesn't feel like an annual meeting because my partner of 60 years, Charlie Munger, is not sitting up here," Buffett said.
Persons: Charles Munger, Lucy Nicholson, Berkshire, Charlie Munger, Warren Buffett, Buffett, Munger, Munger's, Greg Abel, Ajit Jain, Abel, Jain, Warren, Charlie, Bill Stone, Howard Buffett, Todd Combs, Ted Weschler, Bill Smead, Whitney Tilson, Munger didn't, Jonathan Stempel, Megan Davies, Paritosh Bansal, Stephen Coates Organizations: Berkshire Hathaway, Daily, REUTERS, Berkshire Hathaway's, Berkshire, BNSF, Investors, Glenview Trust, Berkshire Hathaway Energy, University of Alberta, PricewaterhouseCoopers, Energy, MidAmerican's, Apple, Smead Capital Management, Kase Capital, Thomson Locations: Los Angeles , U.S, Berkshire, Omaha , Nebraska, Munger, Glenview, Edmonton, Alberta, Indian, Odisha, Phoenix, Woodstock, Omaha, New York
☆ China's Powerlong Real Estate warns of debt default risk
  + stars: | 2023-11-29 | by ( ) www.reuters.com   time to read: +1 min
Nov 29 (Reuters) - Powerlong Real Estate (1238.HK) said on Wednesday its cash on hand and bank deposits would not be enough to cover existing and future debt, making it the latest Chinese property developer that could default. In an exchange filing, Powerlong also said it has not made an interest payment of $15.9 million under 5.95% senior notes due April 2025 issued by the company. China's property sector has been squeezed by a regulatory crackdown since 2020 as authorities curbed excessive debt, which tightened liquidity and raised default risks for developers. Powerlong Real Estate's interest became due and payable on Oct. 30 and the company had a grace period of 30 days to make the payment. Separately, Powerlong said it was working towards ensuring timely delivery of its property development projects to secure cash resources for sustainable development.
Persons: Powerlong, Echha Jain, Devika Organizations: HK, Singapore Exchange, Thomson Locations: Bengaluru
☆ Everybody could use a Charlie Munger
  + stars: | 2023-11-29 | by ( Lauren Silva Laughlin | ) www.reuters.com   time to read: +3 min
NEW YORK, Nov 29 (Reuters Breakingviews) - Every great leader needs a Charlie Munger. The deputy to Berkshire Hathaway’s (BRKa.N) Warren Buffett died on Tuesday morning just a month shy of his 100th birthday. And Munger kept at it: at age 99, having served as Berkshire’s vice chairman since 1978, he was still giving interviews as recently as this month. Munger was capable when taking the opposite view from his boss, encouraging the kind of debate that fosters better decisions. Follow @thereallsl on XCONTEXT NEWSCharlie Munger, the longtime vice chairman and second-in-command to Warren Buffett at Berkshire Hathaway, died at a California hospital, the company said on Nov. 28.
Persons: Charlie Munger, Warren Buffett, Munger, lobbing, ”, Buffett, CNBC’s Becky Quick, Greg Abel, Ajit Jain, That’s, Buffett’s, Berkshire Hathaway, ” Buffett, Jonathan Guilford, Sharon Lam Organizations: Reuters, Berkshire Hathaway’s, Berkshire, Costco Wholesale, Thomson Locations: Berkshire, Omaha, ”, California
☆ China Evergrande unit commences legal proceedings against parent
  + stars: | 2023-11-28 | by ( ) www.reuters.com   time to read: +1 min
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsNov 28 (Reuters) - Evergrande Property Services Group (6666.HK) said on Tuesday one of its units had commenced legal proceedings against Hengda Real Estate Group Company and embattled developer China Evergrande (3333.HK), among others. The proceedings are related to the enforcement of Evergrande Property Services' deposit pledge of about 13.4 billion yuan. Jinbi Property has also commenced legal proceedings against Shenzhen Qihang Metals Materials Company, Guizhou Guangjuyuan Real Estate Development and Hengda Real Estate Group Guiyang Property. In February, parent Evergrande had said it was in talks with Evergrande Property Services to repay the funds.
Persons: Aly, Evergrande, Echha Jain, Devika Organizations: China Evergrande Group, REUTERS, Evergrande, Services, HK, Hengda Real Estate Group Company, China, Jinbi Property Management Company, Shenzhen Qihang Metals Materials Company, Development, Real, Guiyang, Evergrande Property, Property Services, Guangzhou, People's, Thomson Locations: China, Shenzhen, Guangdong province, Guizhou Guangjuyuan, Guangdong Province, Bengaluru
☆ Charlie Munger, who was Warren Buffett's right-hand man at Berkshire, dies at 99
  + stars: | 2023-11-28 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +6 min
[1/3] Berkshire Hathaway Inc Vice Chairman Charles Munger speaks at the Daily Journal annual meeting in Los Angeles, U.S., February 15, 2017. The death of Munger, a Berkshire vice chairman since 1978, marks an end of an era in corporate America and investing. "It's a shock," said Thomas Russo, a partner at Gardner Russo & Quinn in Lancaster, Pennsylvania, and longtime Berkshire shareholder. PHILOSOPHICALLY ALIKESince becoming a Berkshire vice chairman, Munger worked closely with Buffett on allocating Berkshire's capital and not mincing words when he thought his business partner was making a mistake. Money manager Whitney Tilson, who knew Munger personally, said a "generation of investment managers" learned some of their craft from Munger and Buffett.
Persons: Charles Munger, Lucy Nicholson, Warren Buffett's, Charlie Munger, Munger, Berkshire Hathaway, Buffett, Thomas Russo, Gardner Russo, Quinn, Rick Meckler, Charlie, Warren, Paul Lountzis, Whitney Tilson, Tilson, Greg Abel, Ajit Jain, Abel, Buffett's, Howard, CHARLIE, Jain, Lountzis, Russo, Jonathan Stempel, Lewis Krauskopf Svea, Bayliss, Chibuike, Megan Davies, Rosalba O'Brien, Lisa Shumaker Organizations: Berkshire Hathaway, Daily, REUTERS, Cherry Lane Investments, Lountzis, Management, BNSF, Apple, Thomson Locations: Los Angeles , U.S, Berkshire, California, America, Omaha , Nebraska, Lancaster , Pennsylvania, Munger, New Jersey, Wyomissing , Pennsylvania, Omaha, Warren, New York
☆ US FDA approves SpringWorks Therapeutics' non-cancerous tumor treatment
  + stars: | 2023-11-27 | by ( Pratik Jain Christy Santhosh | Pratik Jain | Christy Santhosh | ) www.reuters.com   time to read: +2 min
Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 27 (Reuters) - The U.S. health regulator on Monday approved SpringWorks Therapeutics' (SWTX.O) drug for treating adult patients with desmoid tumors, making it the first approved treatment for this type of non-cancerous soft-tissue growth. The brokerage estimates U.S. sales of $3 million in 2023 and $79 million in 2024 and peak sales of $544 million in 2032. Desmoid tumors are rare, abnormal non-cancerous growths that occur in connective tissues and are associated with a high rate of recurrence. An estimated 1,650 people in the U.S. are diagnosed with desmoid tumors each year, according to data from the National Institutes of Health.
Persons: Andrew Kelly, Saqib Islam, Ogsiveo, Cowen, Yaron, Islam, Pratik Jain, Christy Santhosh, Shilpi Majumdar, Shailesh Organizations: Food and Drug Administration, FDA, REUTERS, Therapeutics, Food, National Institutes of Health, Thomson Locations: White Oak , Maryland, U.S, United States, Bengaluru
☆ DouYu International forms committee to manage ops after CEO's arrest
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +1 min
People walk past a booth of live-streaming platform Douyu at the ChinaJoy digital entertainment expo in Shanghai, China July 28, 2016. REUTERS/Stringer/File Photo Acquire Licensing RightsNov 27 (Reuters) - Live streaming platform operator DouYu International Holdings said on Monday it has formed an interim management committee to manage its operations, following the arrest of its chief executive. Last week, DouYu said its chief executive officer and chairman Chen Shaojie was arrested on Nov. 16 in the southwestern city of Chengdu. Backed by Chinese tech giant Tencent (0700.HK), DouYu is the leading video game streaming platform in China by number of users. DouYu also appointed Simin Ren as its vice president last week, it said.
Persons: Stringer, Mingming Su, Hao Cao, Simin Ren, DouYu, Chen Shaojie, Chen, Echha Jain, Krishna Chandra Organizations: REUTERS, DouYu, Holdings, HK, Thomson Locations: Shanghai, China, Chengdu, Bengaluru
☆ Monday's analyst calls: Big pharma upgrade, top 'clean tech' play
  + stars: | 2023-11-27 | by ( Lisa Kailai Han Fred Imbert | Lisa Kailai Han | Fred Imbert | ) www.cnbc.com   time to read: +11 min
☆ We're seeing more late payment from renters now than in the past 2-3 years, says Bilt's Ankur Jain
  + stars: | 2023-11-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're seeing more late payment from renters now than in the past 2-3 years, says Bilt's Ankur JainHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Bilt's, Brian Sullivan, “ Organizations: CNBC
☆ A UNESCO World Heritage site with thousands of people living inside it
  + stars: | 2023-11-12 | by ( Shalbha Sarda | ) www.cnbc.com   time to read: +4 min
It's life as usual in Jaisalmer Fort, a UNESCO World Heritage Site that thousands of people call home. Jaisalmer Fort, a UNESCO World Heritage Site in Rajasthan, India. But today, the fort attracts other types of outsiders – hundreds of thousands of travelers who come to the location, which was named a UNESCO World Heritage Site in 2013, along with five other forts in Rajasthan. But unlike the others, Jaisalmer Fort boasts a royal palace as well as public temples, shops, hotels, cafes and homes. Struggles of a 'living fort'But Jaisalmer Fort's status as a "living fort" isn't without consequence, said heritage specialist Kavita Jain.
Persons: Chaitanya Raj Singh, Sanjay Vasu, Didier Marti, Vasu, King Rawal Jaisal, Kavita Jain, Asheesh Srivastava, Shri Girdhar Smarak, Srivastava Organizations: UNESCO, Heritage, Indian National Trust for Art, Cultural Heritage Locations: Jaisalmer Fort, Rajasthan, India, Jaisalmer, Pakistan
☆ Three Bangladeshi tourists die in houseboat fire in India's Kashmir
  + stars: | 2023-11-11 | by ( Rupam Jain | ) www.reuters.com   time to read: +1 min
SRINAGAR, India Nov 11 (Reuters) - Three Bangladeshi tourists died in India's Kashmir region when some of the houseboats stationed in the picturesque Dal lake caught fire on Saturday, a police official said. "Three tourists Bangladeshi nationals were killed in one of the five houseboats destroyed due to fire," the police official said, adding that seven others were injured. Government figures show the Jammu and Kashmir region received over 16.2 million tourists in 2022, a record high since British colonial rule ended in 1947. The area is known for its snow-topped Himalayan mountains, fast-flowing rivers, meadows and wooden houseboats around beautiful lakes. Hindu-majority India has been fighting a decades-long separatist Islamist insurgency in Kashmir, which is also claimed by neighbouring Pakistan.
Persons: Narendra Modi's, Fayaz Bukhari, Rupam Jain, Christina Fincher Organizations: Police, Thomson Locations: SRINAGAR, India, India's Kashmir, Dal, Jammu, Kashmir, Pakistan
☆ How India’s Hindu nationalist BJP seeks Muslim vote in 2024 election
  + stars: | 2023-11-10 | by ( Yp Rajesh | ) www.reuters.com   time to read: +9 min
Specifics of the BJP's Muslim outreach strategy, such as the messaging it is using to target voters in these seats, have not been previously reported. The campaign is part of a larger push to woo India's 200 million Muslims, with whom the BJP and Modi have a long and fraught history. ECONOMY-FIRST AND MUSLIM VOTERSThe BJP's website states that secularism in India has become "minority appeasement ... at the cost of majority". They shared details of internal party strategy on condition of anonymity. BJP leaders such as Islam, a former India head of Deutsche bank, said the opposition has taken Muslim votes for granted and neglected their welfare.
Persons: Narendra Modi, Modi, Nafis Ansari, Ansari, Jamal Siddiqui, Modi Mitrs, Syed Zafar Islam, Siddiqui, doesn't, Hilal Ahmed, Yasser Jilani, Ujir Hossain, Mohammed, Hossain, Hossain Dada, Qasim, Amana Begam Ansari, Critics, Ahmed, Ghanshyam Tiwari, Tiwari, Rupam Jain, Katerina Ang Organizations: Bharatiya Janata Party, BJP, Rivals, Analysts, Indian, Reuters, Centre, Congress, Deutsche, Samajwadi Party, Thomson Locations: Balasinore, Indian, Ahmedabad, Madhya Pradesh, India, Delhi, West Bengal, BJP
☆ How Modi's BJP seeks Muslim vote in India's 2024 election
  + stars: | 2023-11-10 | by ( Yp Rajesh | ) www.reuters.com   time to read: +9 min
Specifics of the BJP's Muslim outreach strategy, such as the messaging it is using to target voters in these seats, have not been previously reported. The campaign is part of a larger push to woo India's 200 million Muslims, with whom the BJP and Modi have a long and fraught history. ECONOMY-FIRST AND MUSLIM VOTERSThe BJP's website states that secularism in India has become "minority appeasement ... at the cost of majority". They shared details of internal party strategy on condition of anonymity. BJP leaders such as Islam, a former India head of Deutsche bank, said the opposition has taken Muslim votes for granted and neglected their welfare.
Persons: Narendra Modi, Modi, Nafis Ansari, Ansari, Jamal Siddiqui, Modi Mitrs, Syed Zafar Islam, Siddiqui, doesn't, Hilal Ahmed, Yasser Jilani, Ujir Hossain, Mohammed, Hossain, Hossain Dada, Qasim, Amana Begam Ansari, Critics, Ahmed, Ghanshyam Tiwari, Tiwari, Rupam Jain, Katerina Ang Organizations: Bharatiya Janata Party, BJP, Rivals, Analysts, Indian, Reuters, Centre, Congress, Deutsche, Samajwadi Party, Thomson Locations: Balasinore, Indian, Ahmedabad, Madhya Pradesh, India, Delhi, West Bengal, BJP
☆ Illumina cuts annual profit forecast for second straight quarter
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +2 min
A sign at the front entrance to the global headquarters of Illumina is pictured in San Diego, California, U.S., November 28, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies Grail Inc FollowIllumina Inc FollowNov 9 (Reuters) - U.S. genetic testing Illumina (ILMN.O) on Thursday trimmed its annual profit forecast for the second straight quarter, hurt by weakness in demand for its sequencing instruments, consumables and services. Illumina also disclosed it recognized $712 million in goodwill and $109 million in intangible asset impairment related to the Grail segment, in the quarter. Illumina sees full-year adjusted profit per share to be between $0.60 and $0.70, versus its prior forecast range of $0.75 to $0.90. On an adjusted basis, the company earned 33 cents per share during the quarter, versus analysts' estimate of 12 cents per share.
Persons: Mike Blake, Illumina, Pratik Jain, Shilpi Majumdar Organizations: REUTERS, Thomson Locations: San Diego , California, U.S, China, Bengaluru
☆ Canadian union Unifor, Magna resume bargaining after strike at seating plant
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +1 min
Magna logo is during Munich Auto Show, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Wolfgang Rattay Acquire Licensing RightsNov 9 (Reuters) - Canadian labour union Unifor said on Thursday it has returned to the bargaining table with Magna International (MG.TO) after workers staged a walkout at the auto parts supplier's Integram seat manufacturing facility in Windsor. Unifor members at the facility had launched a strike on Wednesday after Magna was unable to reach a tentative deal before the strike deadline of Nov. 7. Magna's Integram plant manufactures seating for vehicles at Stellantis' (STLAM.MI) Windsor assembly plant as well as other Detroit Three plants in the United States. Unifor members at the Integram facility had previously voted 99% in favour of strike action.
Persons: Wolfgang Rattay, Unifor, Aishwarya Jain, Shounak Dasgupta Organizations: Munich, REUTERS, Magna International, Magna, Thomson Locations: Munich, Germany, Windsor, Detroit, United States, Bengaluru
☆ Twilio forecasts fourth-quarter profit above estimates on active customer accounts growth
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +1 min
The logo of communication company Twilio is displayed at the Collision conference in Toronto, Ontario, Canada June 23, 2022. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNov 8 (Reuters) - Cloud service provider Twilio (TWLO.N) on Wednesday forecast fourth-quarter profit above Wall Street estimates on an increase in its active customer accounts. San Francisco-based Twilio expects fourth-quarter adjusted profit between $0.53 per share and $0.57 per share, compared with analysts' estimates of $0.36, according to LSEG data. The company's active customer accounts in the third quarter rose to 306,000 from 280,000 a year earlier. On an adjusted basis, Twilio earned $0.58 per share, compared with estimates of $0.35 per share.
Persons: Chris Helgren, Twilio, Tanya Jain, Shounak Dasgupta Organizations: REUTERS, Wall, Thomson Locations: Toronto , Ontario, Canada, San Francisco, Bengaluru
☆ Viasat posts upbeat sales on satellite-based broadband services strength
  + stars: | 2023-11-08 | by ( Pratik Jain | ) www.reuters.com   time to read: +2 min
A Viasat corporate logo is shown on a sign at the company's headquarters in Carlsbad, California, U.S. March 9, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsNov 8 (Reuters) - Viasat (VSAT.O) reported second-quarter revenue on Wednesday that beat Wall Street estimates on strength in the segment that offers satellite-based broadband services. The satellite communications firm now expects full-year 2024 actual revenue to rise in the range of $4.10 billion to $4.25 billion. The forecast includes 10 months of contributions from British satellite rival Inmarsat, which Viasat acquired for $7.3 billion in May. The company's ViaSat-3 Americas satellite, which launched in April, suffered an antenna issue during deployment, while communications satellite from Inmarsat malfunctioned after launching to space in February.
Persons: Mike Blake, Guru Gowrappan, Gowrappan, Pratik Jain, Shounak Dasgupta, Shilpi Majumdar Organizations: Viasat, REUTERS, Wall, Reuters, ViaSat, Thomson Locations: Carlsbad , California, U.S, North America, British, Americas, Bengaluru
☆ Highlights of UAW's deals with Detroit Three automakers
  + stars: | 2023-11-08 | by ( ) www.reuters.com   time to read: +1 min
The logo of Ford is seen on a 2020 Ford Explorer car at Ford's Chicago Assembly Plant in Chicago, Illinois, U.S. June 24, 2019. REUTERS/Kamil Krzaczynski/File Photo Acquire Licensing RightsNov 8 (Reuters) - Workers at Ford's (F.N) Chicago assembly plant have voted to ratify a proposed contract with the automaker, the United Auto Workers (UAW) union's local chapter said on Wednesday. Union workers are voting on contracts from each of Chrysler-owner Stellantis (STLAM.MI), General Motors (GM.N) and Ford after the first coordinated strike against Detroit's Big Three automakers. The ratification comes after the automakers and the UAW reached tentative deals over the last few weeks to end a costly strike following marathon negotiations. Following is a roundup of tentative agreements and demands from the UAW:Source: UAW statementsReporting by Nathan Gomes, Aishwarya Jain and Abhinav Parmar in BengaluruOur Standards: The Thomson Reuters Trust Principles.
Persons: Kamil Krzaczynski, Stellantis, Nathan Gomes, Aishwarya Jain, Abhinav Parmar Organizations: Ford, Plant, REUTERS, United Auto Workers, UAW, . Union, Chrysler, General Motors, Detroit's Big, Thomson Locations: Chicago , Illinois, U.S, Chicago, Bengaluru
☆ Akamai sees Q4 profit above estimates on strong demand for cybersecurity services
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +1 min
Nov 7 (Reuters) - Akamai Technologies (AKAM.O) forecast fourth-quarter adjusted profit above Wall Street estimates on Tuesday, helped by strong demand for its cloud security services as rapid digitalization raises the risk of high-profile hacks. Spending on cybersecurity services have stayed resilient amid growing cyber crimes and privacy concerns even as companies tightened the budgets for other IT services. Cambridge, Massachusetts-based Akamai expects fourth-quarter adjusted profit at about $1.57 per share, compared with analysts average estimate of $1.54 per share, according to LSEG data. The company reported revenue of $965 million and adjusted profit of $1.63 per share for the quarter ended Sept. 30. Analysts expected revenue at $943.32 million and adjusted profit at $1.50 per share.
Persons: Akamai, Tanya Jain, Shilpi Majumdar Organizations: Akamai Technologies, Wall, Data Corporation . Cambridge, U.S . Department of Labor, Census Bureau, Department of Defense, eBay, Electronic Arts, Thomson Locations: Data Corporation . Cambridge , Massachusetts, Bengaluru
☆ Indian states vote in key test for Modi and rivals ahead of 2024 general election
  + stars: | 2023-11-07 | by ( Rupam Jain | ) www.reuters.com   time to read: +3 min
[1/2] Indian Prime Minister Narendra Modi attends an Innovation conference with Israeli and Indian CEOs in Tel Aviv, Israel, July 6, 2017. Modi and leaders of the main opposition Congress party headed by Rahul Gandhi have criss-crossed the five states, addressing campaign rallies and promising cash doles, farm loan waivers, subsidies and insurance covers, among others, to woo voters. But surveys suggest Modi remains popular after a decade in power and will likely win a third term. Votes in all five states will be counted on Dec. 3 and results expected the same day. The elections in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram states are mainly a contest between BJP and Congress.
Persons: Narendra Modi, Oded, Narendra Modi's, Modi, Rahul Gandhi, Gandhi, Raman Singh, Singh, Sachin, YP Rajesh, Simon Cameron, Moore Organizations: Indian, REUTERS, Modi's Bharatiya Janata Party, Developmental Inclusive, BJP, Congress, Reuters, YP, Thomson Locations: Tel Aviv, Israel, DELHI, Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, Mizoram
☆ Taser maker Axon raises full year revenue outlook
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +1 min
The headquarters for Axon Enterprise Inc, formerly Taser International, is seen in Scottsdale, Aizona, U.S., May 17, 2017. REUTERS/Ricardo Arduengo Acquire Licensing RightsNov 7 (Reuters) - Taser maker Axon Enterprise (AXON.O) on Tuesday raised its full-year revenue forecast on strong demand for its software products and newly launched TASER 10. The company now expects full-year revenue of about $1.55 billion, compared with its previous forecast of $1.51 billion to $1.53 billion. Axon's international revenue jumped 52% in the third quarter on the back of increased presence in Europe following the acquisition of Brussels-based Sky-Hero in June. The company posted total quarterly revenue of $413.6 million, compared with estimates of $391.1 million in the quarter.
Persons: Ricardo Arduengo, Aishwarya Jain, Shounak Dasgupta Organizations: Enterprise Inc, REUTERS, Thomson Locations: Scottsdale, Aizona, U.S, North America, Europe, Australia, Brussels, Arizona
☆ 2024 will be a another tough year for freight rates, HSBC says
  + stars: | 2023-11-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2024 will be a another tough year for freight rates, HSBC saysParash Jain of HSBC says "it's not entirely a function of demand," and attributes the challenges to supply-side headwinds.
Persons: Parash Jain Organizations: HSBC
☆ UAW members at General Dynamics plants ratify new tentative agreement
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +1 min
Nov 6 (Reuters) - The United Auto Workers (UAW) union on Monday said members at the General Dynamics (GD.N) plants at Ohio, Michigan and Pennsylvania have voted to ratify a new tentative agreement. Like its peers, General Dynamics has struggled with supply and labor shortages at a time when weapons demand is on the rise due to the war in Ukraine, conflict in the Middle East and tensions in U.S.-China relations over Taiwan. UAW members at the company make military vehicles including tanks and light armored vehicles, according to the union. In the latter half of October, the UAW, in separate strike actions, had reached tentative agreements with the Detroit Three automakers, General Motors (GM.N), Ford (F.N) and Stellantis (STLAM.MI). Reporting by Aishwarya Jain; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Aishwarya Jain, Krishna Chandra Organizations: United Auto Workers, UAW, General Dynamics, Dynamics, Detroit Three, General Motors, Ford, Thomson Locations: Ohio , Michigan, Pennsylvania, Ukraine, U.S, China, Taiwan
☆ Unifor members ratify new contract with Stellantis in Canada
  + stars: | 2023-11-06 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsNov 6 (Reuters) - Canadian labor union Unifor said on Monday its members voted in favor of a new contract with Chrysler-parent Stellantis (STLAM.MI). Unifor reached a tentative deal with Stellantis on Oct. 30 after a brief strike at the Franco-Italian automaker's facilities in Canada. The agreement was ratified after positive votes from members at Stellantis facilities in Windsor, Brampton, Etobicoke, Mississauga and Red Deer. Unifor used the "pattern bargaining" approach in its talks with the automakers, reaching a deal first with Ford (F.N) and General Motors (GM.N). Meanwhile, more-than-a-month old strike by the United Auto Workers (UAW) union against the Detroit Three automakers in the United States also ended in October.
Persons: Gonzalo Fuentes, Unifor, Stellantis, Aishwarya Jain, Shivansh, Shounak Dasgupta Organizations: REUTERS, Chrysler, Stellantis, Franco, Detroit Three, Dodge, Ford, General Motors, United Auto Workers, UAW, Thomson Locations: Saint, Yvelines, Paris, France, Italian, Canada, Windsor , Brampton, Etobicoke, Mississauga, Red Deer, Brampton, Ontario, United States, Bengaluru
☆ Indian States Vote in Key Test for Modi and Rivals Ahead of 2024 General Election
  + stars: | 2023-11-06 | by ( Nov. | At P.M. | ) www.usnews.com   time to read: +2 min
By Rupam JainNEW DELHI (Reuters) - Two of five Indian states due to elect new legislatures this month began voting on Tuesday, a big test of Prime Minister Narendra Modi's chances of winning a third term in a national election due by May. Modi and leaders of the main opposition Congress party headed by Rahul Gandhi have criss-crossed the five states, addressing campaign rallies and promising cash doles, farm loan waivers, subsidies and insurance covers, among others, to woo voters. But surveys suggest Modi remains popular after a decade in power and will likely win a third term. Votes in all five states will be counted on Dec. 3 and results expected the same day. The elections in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram states are mainly a contest between BJP and Congress.
Persons: Narendra Modi's, Modi, Rahul Gandhi, Gandhi, Raman Singh, Singh, Sachin, YP Rajesh, Simon Cameron, Moore Organizations: DELHI, Modi's Bharatiya Janata Party, Developmental Inclusive, BJP, Congress, Reuters, YP Locations: Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, Mizoram
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