Home decor and furniture retailer Pier 1 Imports Inc said on Monday it plans to close up to almost half of its stores, cut jobs and warned about its ability to continue as a going concern in a tough retail environment.
(Bloomberg) — Crowdstrike Holdings Inc. fell 1.5% in post-market trading as people familiar with the matter said a large block of shares is changing hands overnight.Credit Suisse is lining up buyers for a five-million share stake in the cybersecurity firm, the people said. The bank is offering the shares on behalf of an unknown shareholder at $53.60 to $53.80 each, a maximum 2.7% discount to Monday’s closing price.Shares closed on Monday with an 8.6% gain as investors bet the increased risk of Iranian cyber-attacks in the U.S. will result in more business for Crowdstrike and other cybersecurity companies.The offering comes …read more […]
U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor plan to jointly develop electric air taxis, they said on Monday, joining the race for flying cars to ease urban congestion. Hyundai unveiled a concept electric aircraft developed with Uber at the Consumer Electronics Show in Las Vegas on Monday, which is designed to fly on trips of up to 60 miles (100 km) and has a cruising speed of up to 180 miles per hour (290 km per hour). Hyundai is the first carmaker to team up with Uber on the project. …read more […]
U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor plan to jointly develop electric air taxis, they said on Monday, joining the race for flying cars to ease urban congestion.
American Airlines Group Inc , the largest U.S. airline, on Monday became the latest carrier to reach a settlement with Boeing Co for compensation for damages the airline incurred in 2019 from the ongoing grounding of its fleet of Boeing 737 MAX aircraft.
(Bloomberg) — Advanced Micro Devices Inc., trying to justify a meteoric stock performance last year, said its new laptop processors will eclipse the performance of offerings from rival Intel Corp.New Ryzen 4000 U series chips are aimed at the thinnest and lightest notebooks, a lucrative market where Intel has traditionally dominated. The highest-end version will have eight cores, each one capable of handling two processing loads at the same time, a first for the market, AMD said Monday.Chief Executive Officer Lisa Su is pitching new products at the CES technology show in Las Vegas. AMD’s stock was the best performer …read more […]
Conflict with Iran continues to escalate. Scott Modell
Rapidan Energy Group Managing Director and Head of Geopolitical Risk Service outlines the risks ahead to oil markets on Yahoo Finance’s On The Move’s Julie Hyman, Adam Shapiro, Brian Sozzi and Mindy Grossman WW International CEO. …read more […]
Toyota Motor Corp said on Monday it plans to build a prototype “city of the future” at the base of Japan’s Mt. Fuji, powered by hydrogen fuel cells and functioning as a laboratory for autonomous cars, “smart homes,” artificial intelligence and other technologies.
American Airlines has reached a deal with Boeing over lost revenue from the 737 Max grounding in 2019. American said it would add $30 million to an employee profit sharing program – which would be distributed later this year. …read more […]
(Bloomberg) — Robust demand for mid-band spectrum across the globe could prove a key indicator that some investors may be undervaluing the C-Band opportunity in the U.S.According to New Street Research, a domestic C-Band spectrum sale could find satellite operators conservatively netting proceeds of about $50 billion. That positive view stems from Taiwan’s recent auction of the 3.5GHz band, where New Street said the bids were “blowing away expectations.”At hand is the international race among governmental bodies to become the leader of 5G, and in the U.S. investors backing the C-Band Alliance want top dollar for giving up its frequencies …read more […]
Home decor and furniture retailer Pier 1 Imports Inc said on Monday it plans to close up to 450 stores, cut jobs and warned about its ability to continue as a going concern.
When will taxes be processed in 2020? The IRS says the first day it will accept tax returns is Jan. 27. The final deadline is April 15. …read more […]
An eventual de-escalation of tensions between the U.S. and Iran could unleash an untapped source of global crude oil supply and send prices spiraling lower, according to at least one analyst. …read more […]
American Airlines Group Inc said on Monday it had reached a confidential agreement with Boeing Co to address damages the airline incurred in 2019 due to the ongoing grounding of its fleet of Boeing 737 MAX aircraft.
Oil prices steadied on Monday after Brent touched above $70 a barrel on rhetoric from the United States, Iran and Iraq that fanned tensions in the Middle East after a U.S. air strike killed a top Iranian military commander.
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