Year: 2019

(Bloomberg) — Amazon.com Inc. filed a lawsuit on Friday challenging the Defense Department’s choice of rival Microsoft Corp. for a Pentagon cloud-computing contract worth as much as $10 billion.The lawsuit, which was filed under seal in the U.S. Court of Federal Claims in Washington, marks Amazon’s most aggressive push to defend its competitive edge in the lucrative and cutthroat world of federal government contracts.Amazon previously said it planned to formally protest its loss of the Pentagon’s Joint Enterprise Defense Infrastructure, or JEDI, cloud contract because the evaluation process was deficient.“It’s critical for our country that the government and its elected …read more […]

(Bloomberg) — Putting itself on the opposite side of the Trump administration, the Federal Trade Commission defended its antitrust case against Qualcomm Inc., saying a federal judge was right to rule the chipmaker is abusing its patents.The FTC urged an appeals court to affirm a ruling that Qualcomm unfairly leveraged the company’s market position to force customers to pay inflated prices for chips and patent royalties. The FTC’s filing was made late Friday in the U.S. Court of Appeals in San Francisco.“Qualcomm attacks a caricature of the district court’s careful analysis and studiously ignores what transpired at trial,” the FTC …read more […]

(Bloomberg) — Were the shattered windows during Tesla Inc.’s Cybertruck reveal a brilliant viral marketing strategy, or a major screw-up that caught the electric automaker by surprise?“We threw the same steel ball at same window several times right before event and didn’t even scratch the glass,” Chief Executive Officer Elon Musk claimed in a Friday afternoon tweet.In a demonstration of the truck’s toughness late Thursday, long-time Tesla lead designer Franz von Holzhausen wasn’t able to dent the door by whacking it with a mallet. But when he threw a metallic ball at the Cybertruck’s driver side front window, it shattered.The …read more […]

Q1 2020 Sysco Corp Earnings Call …read more […]

Q3 2019 Colgate-Palmolive Co Earnings Call …read more […]

Q2 2020 Canopy Growth Corp Earnings Call …read more […]

Japan’s biggest drugmaker, Takeda Pharmaceutical Co Ltd, said long-term data show better outcomes for its Alunbrig drug in certain lung cancer patients compared to an existing treatment. Oncology is a pillar for Takeda as it refocuses on core businesses following last year’s $59 billion takeover of Britain’s Shire. The announcement followed a week of investor conferences at home and in the United States intended to show that its drug pipeline is robust enough to fuel continued growth. …read more […]

(Bloomberg) — Alibaba Group Holding Ltd. has attracted about 200,000 investors to apply for the retail portion of its Hong Kong share sale, Hong Kong Economic Times reported, citing unidentified sources.It would make Alibaba the most popular listing of the year by the number of subscribers, the paper said, while adding that the number of retail buyers is less than that of Ping An Healthcare and Technology Company Ltd. and China Literature Ltd. during their initial public offerings.Alibaba Group’s Hong Kong listing retail portion was more than 40 times oversubscribed, Hong Kong Economic Journal reported earlier, without saying where it …read more […]

Q3 2019 Buckle Inc Earnings Call …read more […]

A lawmaker is pressing the bank to release details about what could be its next big scandal. …read more […]

(Bloomberg) — When Raphael Zammit saw Tesla Inc.’s Cybertruck pull onto the stage late Thursday, his initial reaction was a mix of shock and horror.Zammit, who is chair of the graduate program in transportation design at the College for Creative Studies in Detroit, said his smartphone started blowing up with texts from auto designer friends expressing similar sentiments. But after a few minutes, Zammit, who has worked as a senior designer for General Motors Co., Hyundai Motor Co., and Volkswagen AG, started to see the truck through a different lens.“It appears at first glance to be so naïve,” said Zammit. …read more […]

Amazon.com Inc on Friday filed a lawsuit in the U.S. Court of Federal Claims contesting the Pentagon’s award of an up to $10 billion cloud computing contract to Microsoft Corp. An Amazon spokesman said that the company filed a complaint and supplemental motion for discovery. “The Complaint and related filings contain source selection sensitive information, as well as AWS’s proprietary information, trade secrets, and confidential financial information, the public release of which would cause either party severe competitive harm,” Amazon said in a court document seeking a protective order. …read more […]

A total of 40 people in 16 states have been infected from the contamination. …read more […]