Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss reports of Apple delaying iPhone production, and the tech companies that are set to benefit during the coronavirus pandemic with Daniel Newman of Futurum Research. …read more […]
The companies did not disclose the size of the deal but said it will include Dynamics 365, a suite of Microsoft tools that competes directly with Salesforce.com Inc. Microsoft has a stronghold in general-purpose business software such as email and word processing apps but has been working to win more customers for its specialized software such as apps used by customer service and sales employees. James Phillips, the corporate vice president for Microsoft’s business applications group, told Reuters in an interview that Coca-Cola will use Microsoft technology to pull together information several internal systems, using artificial intelligence to …read more […]
German carmaking giant Volkswagen resumed production at its biggest factory on Monday as part of a broader industry drive to get back to work in Europe, where the coronavirus pandemic has hammered demand and pushed up inventory levels.
Imperial Brands is withdrawing from the premium cigar business to focus on vaping, with a 1.23 billion euro ($1.33 billion) sale of hand-rolled makes including Cohiba and Montecristo which will help it pay down debt.
Microsoft Corp on Monday said it had won a five-year deal with Coca-Cola Co to supply business software, including its Teams chat app and tools for customer service agents.
U.S. banks were girding on Monday for another chaotic dash to grab $310 billion in fresh small business aid due to be released by the government, after it changed some of the rules of the first-come-first-served program at the 11th hour.
U.S. President Donald Trump will meet with American textile industry representatives on Monday as clothiers seek to shift their production lines to face masks and other critical items amid the coronavirus outbreak, the White House said.
(Bloomberg) — General Motors Co. suspended its dividend and the share-buyback program activist investors fought for over the last half decade as the largest U.S. automaker seeks to preserve cash in the midst of the pandemic shutting down much of the global car industry.The measures were a condition for GM to amend a credit agreement with banks so that its $3.6 billion revolver now matures in April 2022, extending it by a year. The moves announced Monday follow other cash-preservation measures taken at the beginning of this month, when the company deferred 20% of salaried workers’ pay, cut top executives’ …read more […]
As the number of cases of coronavirus begin to plateau, several states across the United States debate when businesses can begin to reopen. Yahoo Finance’s Editor-in-Chief Andy Serwer breaks down the details. …read more […]
Activist firm Hestia Capital is urging shareholders to vote for change and elect its two nominees to the board of directors when GameStop (GME) holds its annual shareholder meeting in mid-June. The stock is currently trading up 6% in pre-market trading on Monday.The firm, which owns approximately 7.2% of GameStop shares, also sent shareholders a letter setting out why it believes GameStop’s recent board refreshment is insufficient.According to Hestia, too many GME directors come from traditional retail backgrounds and “the Board must add stockholder-aligned directors that have the financial acumen, turnaround experience and stockholder perspective to drive real change at …read more […]
Wall Street was set to rise at the open on Monday as more states prepared to lift coronavirus-induced curbs and Boeing gained after pulling out of a deal to buy Embraer’s commercial jets division.
State-owned Thai Airways International Pcl will press on with a project to build a $339 million maintenance facility east of Bangkok after partner Airbus dropped out due to the coronavirus outbreak, a senior official said on Monday.
(Bloomberg) — Berkshire Hathaway Inc.’s annual meeting, which normally draws thousands to Omaha, Nebraska, will be a slimmed-down affair this year.Warren Buffett, chairman and chief executive officer of the conglomerate, and Greg Abel, vice chairman of non-insurance operations, will be the only directors physically present at the meeting, Berkshire said in a statement Monday. That means Charlie Munger, Buffett’s longtime business partner, and Ajit Jain, who’s vice chairman of insurance operations and considered one of Buffett’s potential successors, alongside Abel, won’t attend.As the coronavirus pandemic began to spur public-gathering restrictions and business shutdowns across the U.S., Buffett said in mid-March …read more […]
When it comes to the current economic landscape, you can either look at the glass half empty or half full. Driven by positive developments in the re-opening of the global economy, U.S. stock futures pointed to opening gains on Monday, but this follows the market’s first week-to-date decline in three weeks thanks to a historic drop in oil prices.This same philosophy applies to the narrowing of market breadth, or how many stocks are participating in a given move in an index. According to Goldman Sachs US equity strategist David Kostin, the S&P 500 is 17% below its February record, but …read more […]
Warren Buffett, Chairman and CEO of Berkshire Hathaway, sat down with Yahoo Finance Editor-In-Chief Andy Serwer to discuss wealth disparity and the state of capitalism in America. …read more […]
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