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    In this article SHOP-CA TPX GRMN SPOT HLT BA VIDEO1:3201:32News Update – Pre-MarketsNews BriefingCheck out the companies making headlines before the bell: Boeing (BA) – Boeing posted a wider-than-expected quarterly loss with revenue that fell below consensus estimates. However, Boeing reported positive operating cash flow and, unlike in prior quarters, did not see any charges related to the production of its 737 MAX jet. Boeing jumped 4.4% in premarket action. Hilton Worldwide (HLT) – Hilton rallied 4.8% in the premarket after the hotel operator's second-quarter results beat top and bottom line estimates. Hilton also raised its full-year forecast, as travel demand continues to rebound. Spotify (SPOT) – Spotify reported a wider-than-expected quarterly loss, but its revenue exceeded analyst forecasts as it saw a 14% increase in paying subscribers for its premium streaming service. Spotify jumped 6% in premarket trading. Garmin (GRMN) – The GPS device maker's stock slumped 9.3% in the premarket after its quarterly earnings beat estimates, although revenue fell short of analyst predictions. Garmin said its results were negatively affected by underperformance in its fitness segment. Tempur...
    VIDEO0:5600:56Markets set to rebound at openMorning Report Take a look at some of the biggest movers in the premarket: Electronic Arts (EA) – The video game maker's shares rose 2.5% in the premarket after Puck News reported that the company was actively seeking a buyer or merger partner. EA has reportedly held talks with Walt Disney (DIS), Apple (AAPL) and Amazon (AMZN), among others. VMWare (VMW) – The cloud computing company's stock surged 21.3% in premarket trading following multiple reports that it is in advanced talks to be bought by chipmaker Broadcom (AVGO). The two companies are said to be discussing a cash-and-stock deal which could happen soon, according to people familiar with the matter. Broadcom slid 4.3%. GameStop (GME) – GameStop jumped 3.5% in premarket trading after the video game retailer launched a digital wallet for cryptocurrencies and NFTs. HP Inc. (HPQ) – The computer and printer maker was downgraded to "neutral" from "buy" at Citi, based on moderating demand for PCs in the near to mid-term. HP fell 2.7% in premarket action. Pfizer (PFE) – Pfizer and partner...
    COFFEE chain, Starbucks, said pay increases are on the horizon but not everyone will get one. The interim CEO of Starbucks said during an earnings call this week that pay raises will be on the way later this year. 1Starbucks baristas will see a pay raise this summer Starbucks said it would invest about $200million in stores and employees. It will include higher hourly pay, repairs to cafe equipment, perks for highly trained baristas and better workplace communication. The move comes as some of the chains have unionized. Interim CEO Howard Schultz said unionized cafes would need to negotiate their own deals. Read more Starbucks storiesBUCK THE TREND I work in Starbucks - there’s a reason the lighting is always so lowCHEAPER COFFEE I’m a Starbucks super fan - how to get a cheap venti using my app trick Of Starbucks' 9,000 US stores, about 240 locations have petitioned to unionize. Starbucks Workers United said their unionizing campaign pressured the company to improve benefits and salaries for employees. Who will see a pay raise? As of August 1, 2022, baristas...
    London (CNN Business)Nestlé (NSRGY), the world's biggest food and drinks company, raised prices by more than 5% in the first three months of this year as it passed on rising costs to shoppers.Consumers in North America took the hardest hit, with an 8.5% rise in prices, the company said in its first-quarter earnings report Thursday. Latin America saw the second-biggest increase, with the price of Nestlé products rising 7.7%.CEO Mark Schneider signaled that more increases are on the horizon. "We [have] stepped up pricing in a responsible manner and saw sustained consumer demand," he said in a statement. "Cost inflation continues to increase sharply, which will require further pricing and mitigating actions over the course of the year."Global inflation is soaring. Consumer price inflation in the United States hit 8.5% in March, a 40-year high. In Europe it stands at 7.5%, its highest level since the European Union started collecting data about 25 years ago. The prices of goods leaving Germany's factories — which feed into retail prices — rose by 30% in March over the same month last year....
    New York (CNN Business)Amazon (AMZN) is raising the price of its annual Prime subscriptions from $119 to $139 per year, the company announced along with its earnings report Thursday. The price of a monthly subscription will also increase from $12.99 to $14.99.The company said it is increasing the price because of "expanded Prime membership benefits," such as added Prime Video content and expanded free same-day shipping, as well to compensate for the rising costs of labor and transportation in its distribution network. The company last raised prices for Prime in 2018, when it bumped the annual membership up from $99. The latest price hike represents a 17% increase.The change will go into effect on February 18 for new Prime members and after March 25 for existing members.
    In this article PYPLThe PayPal application can be seen on a mobile phone.Felix Kästle | picture alliance | Getty ImagesPayPal said on Monday that revenue in the third-quarter climbed 13%, but the company reduced its forecast for the year on economic concerns. Here's how the company did versus expectations: Earnings per share: $1.11, adjusted, vs. $1.07 expected in a Refinitiv survey of analysts Revenue: $6.18 billion vs. $6.23 billion expected Revenue increased 13% from a year earlier in the quarter that ended Sep. 30, PayPal said in a statement. Total payment volume rose 26% to $310 billion, and the company added 13.3 million net new active accounts, bringing the total to 416. PayPal's Venmo app, which began supporting cryptocurrency services in April, saw payment volume jump 36% to $60 billion. The mobile payments company made a big push into crypto in the last year, allowing users in the U.S. to buy, sell, and check out with cryptocurrencies. With its network of 32 million retailers, PayPal's crypto ambitions have positioned the company as a rival to...
    NORTH TEXAS (CBSDFW.COM) — A warning as the holidays approach and many Texans start making holiday travel plans. From October-December 2019, more than 260 million passengers flew on domestic or international flights in the U.S., which decreased by 64% during the same period in 2020. READ MORE: Election Day Has Texas Voters Deciding Future On 8 Proposed Amendments To State ConstitutionHistorically, the Better Business Bureau receives a large influx of reports regarding travel scams around the holidays. In 2019, more than $428,000 was reported lost to travel scams from October-December. In 2020, reported losses from October-December decreased to $305,000. However, reports did not decrease the same percentage as the travel rates did, demonstrating that con artists were still active during a reduced travel environment. So far in 2021, more than $720,000 has been reported lost to travel scams across the nation, with nearly half (49%) of losses occurring during the busiest travel time of the year, the summer season from May-August. In addition to the threat of con artists posing as legitimate travel companies or rental agencies, prospective...
    MENLO PARK, Calif. (AP) — Amid fallout from charges that Facebook emphasizes profits over user safety, the company reported a 17% profit increase. Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
    Islamabad11 hours ago Loss of power transmission in Pakistan is up to 30%. (Index) The National Transmission and Despatch Company (NTDC) in Pakistan has banned a Chinese company from issuing fake documents to win tenders. Now this company cannot participate in any tender or bidding process in future. On the other hand, after this new case related to electricity came to the fore, the power crisis in the country has started to show signs of deepening. Apart from this, there could be tension in relations between the two countries. Use of forged documentsDawn News quoted government sources as saying that the Chinese company had forged documents to obtain NDTC’s contract, bribed officials and conspired to open a tender in its favor. During its leaked investigation, it was discovered that the Chinese company had tried to obtain the contract on the basis of forged papers. Following this, the power division of the Ministry of Energy under the authority of the Imran government pulled the Chinese company out of the tender process and issued orders for a new auction. The company is...
    Google has long been paying Apple a huge amount of money to keep its search engine the default on the iPhone, iPad and Mac. In an attempt to keep Microsoft out of the way, Mountain Viewers would be willing to substantially increase this year’s payAlthough this could trigger a number of problems with regulatory bodies. According to Bernstein analysts, with data based on Apple’s public filings and bottom-up analysis of Google’s TAC payments, the search engine company would pay Apple. $ 15 billion. This is a marked increase in relation to the 10 billion dollars paid in 2020. But that’s not all, the sum could rise to 18,000 million dollars or 20,000 million dollars in 2022. Analyst Toni Sacconaghi, quoted in the source’s article, says Google is likely “paying to make sure Microsoft don’t outbidIn other words, the Mountain Viewers want to make sure that the Redmond people do not even intend to take away their default search engine location, although going forward, the picture could change. Google’s intentions are clearer in light of data provided by the US Department...
    The production costs of many companies have increased in recent times, so they have to raise prices to make a profit. Photo: Mehrad Vosoughi / Pexels Be prepared to spend more on your purchases, as many products could go up in price at any time, and is that many companies have said that they have had more costs in the development and distribution of articles, so they must charge more expensive to consumers. Nestlé CEO Mark Schneider said his company will raise prices sometime during the second half of 2021. He says that they will have to increase it by about 2%, all this to compensate for the cost increases to make them that have been 4%. Earlier this year, the company had already had to raise prices globally by an average of about 1.3%, although this increase was not enough to offset the increases in transportation costs or wage increases that they had to incur. give to compensate for the labor shortage in the country. Of the products that have had the most...
    U.S.-based Radeon Technologies, which has been bolstered by its solidity in security operations and boosted by the recovery of the commercial aviation sector, raised its annual forecasts again on Tuesday. Also read:G.E. The group already changed expectations for 2021 at the end of the first quarter. From April to June, his results were “Driven by the development of safety measures and the ability to be used by restarting (its) commercial aircraft“, Its CEO Greg Hayes said in a statement. This group is sufficient as a result of the 2020 merger between Raytheon and United Technologies. “HopefullyShare is now forecasting total earnings per share of $ 95 3.95 to $ 4 per year (compared to the previous 50 3.50 to 70 3.70), and raising the base of its sales forecast range from $ 63.9 billion to $ 64.4 billion. Overall sales will increase In the second quarter, the company’s revenue rose 13% to $ 15.88 billion, slightly higher than analysts ($ 15.83 billion). The Collins Aerospace (avionics, information systems, etc.) and Brad & Whitney (aircraft engines) segments, which suffered a sharp...
    The average American works 8.8 hours a day, but research suggests that may be three hours too many. Experts and company CEOs have found working five-hour days can improve productivity and boost overall wellness, as is the 'sweet spot' for when focus starts to dwindle.  Studies show that as our focus slides, we become less motivated, make more mistakes and become easily distracted, which is why some companies are opting for a five-hour workday.  The idea stems from a study of music training that inspired the '10,000-hour rule' - the concept it takes that many hours to become an expert at something - but the researcher found the 'best' students practiced for just four to five hours a day. A number of companies have tested the five-hour workday, which learned the program has both positives and negatives. One success story is Tower Paddle Boards, which moved to a compressed-hour model in 2015.  Staff worked from 8am to 1pm, without breaks, which pushed them to increase output in order to meet the early cutoff time – the company saw a 50...
    Of the 100 S&P 500 firms with the lowest median worker wages, 51 bent their own rules in 2020 to pump up executive paychecks, according to a new study. The study from the Institute for Policy Studies found that at those 51 companies, the average CEO pay rose 29 percent last year, to $15.3 million, while worker wages dropped 2 percent. The report found that CEOs at the companies made on average 830 times more than workers, and the left-leaning think thank is calling for measures to reign in extreme pay gaps, including a tax based on the size of the difference between CEO and worker pay. While many CEOs publicly pledged to take pay cuts during the pandemic last year, the study found that some quietly made up the difference with bonuses, in some cases while they slashed worker pay and laid off employees.  Auto parts maker Aptiv 'manipulated bonus metrics' to boost CEO Kevin Clark’s (left) compensation to $31.3 million, while Chipotle 'inflated' CEO Brian Niccol's pay to $38 million RELATED ARTICLES Previous 1 Next ...
    States will continue to receive COVID-19 vaccine allocation based on populations despite recent increases in cases in several regions, the White House said Friday. Jeff Zients, the White House coronavirus response coordinator, said that "now is not the time to change" course regarding allocation. In the briefing Friday, Centers for Disease Control and Prevention head Dr. Rochelle Walensky, noted a 2% increase in the seven-day average of daily coronavirus cases and a 7% increase in hospital admissions. She also noted that the agency is working with upper Midwest states to address increases case counts "to understand what is driving" the uptick. "What is happening in Michigan and Minnesota is similar to what we’re seeing across the country with increasing cases associated with youth sports," she said, noting that the activities linked to clusters are both club and school-related. WHAT YOU NEED TO KNOW ABOUT YOUR COVID-19 VACCINE CARD However, she cautioned that the increasing numbers are not indicative of school-based transmission and that states should continue to follow guidance in safely reopening classrooms to students. Zients also confirmed that about...
    Facebook aims to offer better internet connectivity, therefore, The social network partnered with Google to launch two submarine cables that will link the United States with Singapore and Indonesia. It is not the first time that the social network carries out the idea of ​​installing submarine cables, since in 2020 a fiber optic network of 3,000 kilometers was set up to unite 20 cities with the commitment to develop Wi-Fi points for public access. . published a report stating that the cables were named ‘Echo’ and ‘Bifrost’Furthermore, it is planned that after approval they will be operational in 2023 and 2024. The wire Threw out is built in partnership with Alphabet company and XL Axiata telecommunications company, on the other hand, Bifrost is developed in conjunction with Telin and Singapore’s Keppel conglomerate. The objective of both cables is to increase the internet connection capacity between both regions.. Kevin Salvadori, vice president of Investments in Networks of Facebook, affirmed that “they will be the first cables that will cross a new route that will cross the Java Sea and will...
    New York : The Kimberly-Clark company also faces a reduction in the birth rate in addition to the increase in the cost of wood pulp. Photo: ROBYN BECK / . / . Kimberly-Clark reported that it will soon increase the price of its products because the increases “are necessary to help offset significant commodity cost inflation,” reflecting rising supply costs. The company that is known for making Cottonelle and Viva, Kleenex, Kotex hygiene products and Huggies diapers, said that price increases will take effect in June and will affect infant and child care products, adult care products and Scott toilet paper. The company said it will increase list prices, which are what suppliers are paid for a product, while retailers decide what they charge consumers in stores. Last year, toilet paper and other essentials quickly disappeared from store shelves during the first weeks of the pandemic closing. Increased demand across the country quickly depleted the supply chain leaving few stocks in warehouses and convenience stores. Production was delayed because producers faced shortages of raw materials...
    Related news Goodbye to two months of bearish truce in PharmaMar. The pharmaceutical company has become the new speculative bet of Consonance Capital, a hedge fund American specialized in the medical sector that has taken 0.52% short positions of its capital stock. Consonance Capital’s bet rises to 9.37 million euros based on the current price of the company, which has risen by around 40% so far this year. Its breakthrough comes just two months after PharmaMar got rid of the last bear that accumulated relevant short positions against it, WorldQuant. It is the first time that the US sector fund, which includes both long and short positions in its portfolio based on its opinion on each listed company, has entered the capital of PharmaMar. At least with relevant positions. In your latest position update, MacroGenics, Aptose Biosciences and Compugen were listed as their top bets on the downside. Dividend by 15 times Consonance Capital’s irruption occurred just a few days after PharmaMar announced a generous dividend increase. In the second year in which he will reward his actions, he...
    The market applauds the largest capital increase in Cellnex’s history This Wednesday, Cellnex shares closed with a 4.25% rise on the IBEX 35, leading the advances in the Spanish selective along with Siemens-Gamesa on the first day of the capital increase. The telecommunications infrastructure operator seeks to raise 7,000 million euros with the issuance of 192,619,055 new shares at a unit price of 36.33 euros, which implies a discount of 22% compared to the price of Monday’s session and 17% on the theoretical price of the rights. Cellnex already expects that 27% of this capital increase will be subscribed by its current shareholders, such as the Singapore sovereign wealth fund GIC and Azure Vista, linked to the Abu Dhabi sovereign wealth fund. It also has the guarantee of the underwriting banks, although its main shareholder, the Benetton family, has already said that it will not participate in the expansion. The expansion represents the largest operation by a non-financial company in the last ten years in Europe. In fact, the new shares account for 39.57% of the shares that are currently...
    Moody’s has put the ratings of MásMóvil and Euskaltel under review after the takeover bid launched by the former for the Basque company. “We have put the ratings of MásMóvil and Euskaltel on review for a downgrade because the acquisition of Euskaltel, financed with debt, will probably will lead to temporarily weaker credit metrics than expected“Moody’s explains in a statement. Both companies started with a credit rating of ‘B1’ which could worsen due to the downward push that MásMóvil would have after the purchase of the Basque operator, a downgrade that would also suffer its ratings regarding the probability of default on its debt, which are on the ‘B1- scale. P.S’. Moody’s hopes that Euskaltel’s existing debt is refinanced at MasMovil level, due to the change of control clause included in the Euskatel loan documentation. In the event that the operation is completed, which will be financed with debt, this could reach a maximum of six times the Ebitda until synergies between the two groups materialize, so it would not fit into this rating step. The firm recognizes this...
    Strong rises in Cellnex this Wednesday (+ 4.2%; 49.10 euros) on the day you started your capital increase of 7,000 million euros. The company has communicated to the National Securities Market Commission (CNMV) that current shareholders will have priority in the expansion and has added that it expects them to subscribe for 27% of the new shares. Each share currently in circulation will grant the right to receive a pre-emptive subscription right. In turn, 48 rights will be necessary to subscribe 19 new shares. The company will allocate this capital increase, which has been made at a price of 36.33 euros, to finance the recent acquisition of Hivory (France), the agreement with DT (Netherlands) and the purchase of Polkomtel Infrastruktura (Poland). With the operation, the company also foresees finance a portfolio of projects that could reach 18,000 million euros in the 18 months after their closure. Enlargement will end on April 14 and Bankinter experts recommend going. “The increase is guaranteed by the underwriters and that means that, in the hypothetical and unlikely event (in our opinion) that the...
    Barcelona, ​​Mar 29 (EFE) .- The CEO of Cellnex Telecom, Tobías Martínez, said this Monday that the capital increase of up to 7,000 million euros that the company will launch already has irrevocable commitments of around 25% of the shareholders and has shown itself ready to carry it out. During the ordinary general meeting of shareholders, Martínez has assured that this figure of 25% is “very satisfactory” and “relevant”, since it even exceeds the one obtained in the last capital increase, which was 19%. “Although until the conditions are approved we will not have the definitive figures, we expect to receive irrevocable commitments from shareholders, directors and executives for an amount of 25%,” the executive told shareholders. Tobías Martinez, who has pointed out that they continue working to achieve the maximum possible commitments, has advanced that the telecommunications company “is ready” to launch the capital increase as soon as it obtains the green light from the board of directors. The CEO has made reference to the interest shown at the moment in the operation by several sovereign funds such as...
    VozTelecom reports the financial results of the 2020 financial year of its parent company Gamma Communications, leader in cloud communications for companies in the United Kingdom with a European presence in the Netherlands, Germany and Spain, reporting a 20% increase in revenue of the group until 456 million euros compared to 2019, a 24% increase in EBITDA to € 90 million, a 28% increase in earnings per share (EPS) and a 30% increase in cash generation from operations to 80 million euros. The group has achieved these good figures thanks to the growth of its key products during the 2020 financial year. It should be noted that Covid-19 had very little impact on the general financial result of the business, with levels of cancellations, defaults and cancellations in line with those low levels recorded prior to the pandemic. Andrew Taylor, CEO of Gamma, said that “We have achieved good commercial and financial results for 2020, and both our business in the United Kingdom and in the rest of Europe continue to develop and grow. Our expansion strategy on the continent...
    Grupo NBI presented last Tuesday, March 9, a 2020 consolidated results preview, a year in which the company reported a 1.6% increase in cumulative revenue compared to 2019. Since that day, the value has scaled hard in bag. Specific, in two sessions at BME Growth NBI has added 14.6% to its shares. In addition, the stock market rises have helped NBI Bearings reach the barrier of 5 euros, price at which it closed yesterday Wednesday and that new all-time high. On the other hand, the good performance of the company for the design, manufacture and marketing of precision bearings and products with high added technical value, mainly aimed at industrial sectors, has helped the company to change cycles and enter into bull phase. With the change in the cycle, NBI Bearings leaves the consolidation phase and rises two points in a global note of 7.5 out of 10. Likewise, the upward trend continues in the medium and long term, with a slow and fast positive overall moment. and a range of amplitude in the medium term, decreasing. As a negative,...
    New York : In 2020 Amazon paid a bonus to its employees as a way to compensate for their efforts during the pandemic. Photo: PATRICK T. FALLON / . / . In areas where Amazon operates, low-wage workers from other companies have seen wage growth since 2018. The wage increase that Jeff Bezos’s company implemented for its workers appears to have raised the wages of workers at other companies where the e-commerce giant operates according to research from Berkeley University and Brandeis University. Research reveals that it is difficult for a worker to get a higher salary until an outside actor such as the government or an employer does it. Research shows there is little evidence that raising the minimum wage causes significant job losses, even in low-income rural areas. Proponents of a higher minimum wage have argued that raising the bottom of the pay scale would help alleviate income inequality, including racial disparities in income. Critics have said that an increase in the minimum wage would cause a large number of small businesses to...
    The companies that make the coronavirus vaccine promised a steep increase in the shipment of doses in the coming days to a commission of the United States Congress on Tuesday and predicted that the majority of the North American population will be inoculated by the summer. Miami World / Telemundo 51 Although the vaccination campaign had its setbacks at first, both Pfizer and Moderna estimate that by March they will have delivered to the US government about 220 million doses, well above the 75 million delivered so far. “I really believe that we are on track to meet our goal,” Der Moderna President Stephen Hoge told the panel in Washington. “We think we are in a very good condition,” he added after outlining the ways the company is increasing production. And that’s not counting a third vaccine, the one from Johnson & Johnson, which is likely to receive regulatory approval soon. The US government said Tuesday that it expects to receive about 2 million doses of that vaccine in the first week, but the company revealed to congressmen that it...
    Bloomberg Apple to hire engineers to develop 6G technology (Bloomberg) – Apple Inc. launched its first iPhones with 5G wireless speed a few months ago. It is now looking to get started on sixth-generation, or 6G, cellular connectivity, indicating that it wants to be a leader in technology rather than relying on other companies. The Cupertino, California-based company released announcements this week. I’m looking for wireless systems research engineers for current and next-generation networks. The ads are for positions at Apple’s Silicon Valley and San Diego offices, where the company works on wireless technology development and chip design. “You will have the unique and rewarding opportunity to create next-generation wireless technology that will have a profound impact. on future Apple products, ”according to the job posting. “In this role, you will be at the center of a cutting-edge research group responsible for creating next-generation radio access technologies for the next decade.” Individuals hired for the positions will “research and design next-generation wireless communication systems. (6G) for radio access networks ”and“ will participate in industrial / academic forums passionate about 6G...
    The general director of Pfizer in Spain, Sergio Rodriguez, has assured this Sunday that in the second quarter of the yearStarting in April, there will be a “significant” increase in the supply of the vaccines produced by your company. In a statement to Cadena Ser in Seville, Rodríguez said that the supply of vaccines that Spain is receiving will increase in the coming weeks and that this increase will be “significant” starting in April. The Pfizer manager recalled that the company committed itself to supplying quantities of doses and that they are “working from the beginning” to increase their production capacity. He has stressed that the purpose of Pfizer is “to collaborate with public entities and with the EU” so that the vaccination schedule foreseen by the authorities can be fulfilled, although he has pointed out that this also depends on the rest of the vaccines.
    Related news Solaria stumbles on her strategic plan. The roadmap presented by the ‘novice’ of the Ibex 35 meets the rejection of the investment community, which missing concrete numbers to achieve your “ambitious” goals. In the two days since this guide was presented, its shares have lost 19% to the lows of this Wednesday’s session. The market’s punishment was overwhelming for Solaria, the same company as with a revaluation of 247% It became by far the most powerful value of 2020 in an Ibex 35 that it arrived in October. It is precisely the accounts for this exercise and the forecasts for its immediate future that have generated the reluctance of analysts to continue supporting such high valuations on the stock market. If throughout last year the shares of Solaria added 16.84 euros per share, until the end of 2020 at 23.64 euros, this Wednesday they were seen intraday lows at 19.91 euros. The decline has reached 16% since the beginning of the year and investors and analysts have been moving to values ​​in which they saw more travel....
    EFE videos AstraZeneca profit skyrockets during the pandemic year London, Feb 11 (EFE) .- The Anglo-Swedish pharmaceutical AstraZeneca, which has developed together with the University of Oxford one of the most widespread vaccines against covid, reported this Thursday that it obtained a net profit of 3,144 million dollars (2,592 million euros) in 2020, 159% more than the previous year, and announced that it expects to increase its production to 200 million doses per month from April. In addition, the CEO, Pascal Soriot, said when presenting the results that the company expects to adapt the vaccine to the new variants of the covid in a period of six to nine months. The company will communicate separately the sales of the vaccine in the first quarter of 2021, according to a note sent this Thursday to the London Stock Exchange, in which it highlighted that its profit before tax stood at 3,916 million dollars (3,228 million of euros) in 2020, an increase of 152% compared to the previous year. Total revenues in 2020 reached 26,617 million dollars (21,945 million euros), an increase...
    February 6, 2021 | 5:00 am The pandemic digitized almost all services, including medical, and these modifications are here to stay, even after the COVID-19 pandemic manages to be brought under control. This is predicted by two of the technology companies that are experiencing the benefits brought by the expansion of the telemedicine service in the country. Bupa launched its Bupa at Home product to all policyholders in response to the situation. Telemedicine is something that has already been tried in several countries and that is here to stay said Fernando Lledó, general director of Bupa Mexico. The insurance company opted for change and released its new product focused on medical and psychological care for its remote clients. Among other services, it offers medical consultation 24 hours a day via video call and the delivery of medicines home. So far, 600 of its policyholders have taken in Bupa en Casa, with a usage rate of four times per person. In addition, in the last two months, the number of people who use it grew 30%, according to company data....
    In the case of mining companies, such as Grupo México, Peñoles and Frisco, the price of metals is behind the fact that they have soared on the stock market. In fact, Germán Larrea’s company, one of the main copper producers in the world, registered its highest price in its history on January 8, reaching 97.23 pesos. Supermarkets have generally shown good behavior in the face of the crisis. When marketing essential goods, they were never affected by the closures and, on the contrary, benefited from panic purchases and increased consumption at home. Although all with positive results, not all showed the same performance. The eating, the smallest company in the sector, is the one that leads the increase in sales of supermarkets with an increase in sales of 27.1% from January to September of last year. Operating cash flow increased 41.1% to 2,111.7 million pesos, according to its financial report. The chain stores of the City Market, Fresko, La Comer and Sumesa formats are aimed at serving consumers in the premium sector, who tend to better resist crises...
    Mobile offshore drilling units stand in the Port of Cromarty Firth in Cromarty, U.K., on Tuesday, June 23, 2020.Jason Alden | Bloomberg | Getty Images Oil services firm Baker Hughes sees energy demand recovering in the second half of 2021, chief executive Lorenzo Simonelli said this week. "We are cautiously optimistic," he told CNBC's Steve Sedgwick on Monday. He noted that some countries are still in coronavirus-related lockdowns, which decimated demand in 2020 and can weigh on fuel sales in the first part of the year. However, he expects demand to start recovering in the second half of the year, due to the vaccine rollout and improving economic situation. The chief executive's views were in line with OPEC's January report on the oil market, which said vaccinations provide some "upside optimism," and that its 2021 forecasts "assume a healthy recovery in economic activities." The alliance expects global oil demand to increase by 5.9 million barrels per day to an average of 95.9 million bpd. Meanwhile, the International Energy Agency predicts that world oil demand will recover to 96.6 million bdp this...
    Another quarter, another booming earnings report from Microsoft. But what’s notable for Q2 2021is that it isn’t just the cloud driving the company forward this time. The company reported revenues of $43.1 billion, up 17 percent from last year. That’s $2.9 billion more than what analysts were expecting. Even more impressive, its profit jumped by 33 percent to reach $15.5 billion. During the last quarter, we were surprised that Microsoft managed a 30 percent profit increase. While Microsoft’s cloud business shows no signs of slowing down, with a revenue increase of 23 percent compared to last year, it’s also seeing strong growth when it comes to the PC market in general. Its More Personal Computing business, which includes Windows, Surface and Xbox, rose 14 percent over last year to reach $15.1 billion. Analysts expected that segment to earn $13.55 billion. Not surprisingly, the company also saw a 40 percent increase in Xbox content ands services, as well as an 86 percent increase in Xbox hardware sales, both thanks to the release of its next generation consoles. Much like...
    New York : Domino’s plans to expand to have 13,750 stores worldwide. Photo: Scott Olson / . Since its founding in the city of Ypsilanti, Michigan, in the early 1960s, Domino’s Pizza has grown to be the largest pizza chain in the United States and one of the most important fast food restaurants in the world, with more than 17,000 locations in more than 90 countries. Currently, it is also the number one pizza chain in the United States, based on revenue. For most of the past year, Domino’s has managed to accomplish the impossible – to increase its sales during the pandemic, even as most foodservice companies struggled. In the third quarter of 2020, the company had seen a 17.5% increase in sales, which set a record for the company, and it is expected that in 2021 sales will exceed those of its competitors. But this seems not enough for the popular pizza chain, as it wants to expand even more. In fact, the company has plans to rapidly expand into national and international...
    European indices they delved into the losses that dominated their charts from the first hour. Political tensions continued to take their toll, but above all the rise in infections and confinements that spread throughout the world and the weakness of the macro data published in the US. He Ibex 35 fell 1.69% at the close to 8,230.7 points. Social restriction measures are increasing in the main economies of the world, but contagion and deaths from Covid-19 do not wane. In China, the country from which the pandemic emerged registers its worst infection data in ten months and the Confinement measures of varying degrees already affect 28 million citizens from the country. In Spain, this same Friday, several autonomous communities announced new mobility limitations and for the activity of different sectors. With this scenario, Sabadell Bank it was placed at the bottom of the selective, with falls of 5.4%. CaixaBank 4.8% was left. Bankia was close, with a decline of 4%. Red also stained PharmaMar, with drops of 2.5% after two consecutive sessions of advances in the heat of the...
    VIDEO0:4900:49Wall Street points to higher open following Monday's mixed sessionMorning Report Take a look at some of the biggest movers in the premarket: Eli Lilly (LLY) – The drugmaker announced a deal to buy Prevail Therapeutics (PRVL) for $880 million or $22.50 per share, with Prevail shareholders also receiving a "contingent value right" worth up to $4 per share subject to future regulatory approvals of Prevail drugs. Separately, Eli Lilly increased its quarterly dividend to 85 cents per share from 74 cents, a 15% increase. Lilly also raised its full-year earnings forecast. Prevail jumped 86% in premarket trading as of 7:38 a.m. ET. Eli Lilly shares gained 2%. Bristol-Myers (BMY) – Goldman Sachs added the drugmaker's stock to its "Conviction List," on expectations of a number of Food and Drug Administration approvals as well as pipeline data that should drive up earnings estimates. Bristol shares added 2% in premarket trading as of 7:38 a.m. ET. WPP (WPP) – WPP will restate its financial results from 2017 to 2019, but the world's biggest advertising firm said headline operating profit and cash...
    A worker collects shopping carts at a Walmart store on May 19, 2020 in Chicago, Illinois. Walmart reported a 74% increase in U.S. online sales for the quarter that ended April 30, and a 10% increase in same store sales for the same period as the effects of the coronavirus helped to boost sales.Scott Olson | Getty Images Walmart is getting ready to administer Covid-19 vaccinations across the country once it's approved, the company's chief medical officer said Thursday. In a post on the company's website, Dr. Tom Van Gilder said the company is preparing staff at its more than 5,000 stores and Sam's Club pharmacies to receive the vaccine doses and have the right storage for them — such as freezers at the proper temperature. He said the big-box retailer is uniquely positioned to help with the vaccine's rollout. "With 90% of the American population living within 10 miles of a Walmart, we will play an important part in making sure those who want a vaccine can get one when they are eligible based on their state's prioritization, especially...
    Seattle police in contempt for use of less-lethal weapons on BLM protesters, judge says Hunter Bidens taxes under investigation by US attorneys office in Delaware The rollout of the coronavirus vaccine could hurt the dairy and cheese industries due to an increase in dry ice demand © Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images Vail Health Hospital pharmacy pharmacist Jessica Peterson, left, places two boxes of mock Covid-19 vaccines into the hospital's ultra-cold freezer at the hospital on December 8, 2020 in Vail, Colorado. The mock vaccines are packaged in the thermal shipping containers that uses dry ice to maintain a temperature of between -60 to -86 degrees Celsius to keep the vaccines cold. Helen H. Richardson/MediaNews Group/The Denver Post via Getty Images The Pfizer and Moderna coronavirus vaccines must both be kept in extremely cold conditions, necessitating the use of dry ice to deliver and store the vaccines. Dry ice is also heavily used in the cheese-making industry where dairy cultures must be kept cold to avoid spoilage. Wisconsin Gov. Tony Evers announced on Wednesday...
    FDA approves first home COVID test: Heres why most Americans wont get it before next spring Trump is out of view but still governing, firing Starbucks is giving every barista in the US a raise, but some workers demand more as $15 minimum wage looms © Provided by Business Insider Starbucks is raising workers' pay. Starbucks Starbucks is giving all US employees a pay raise of at least 10%, according to an internal memo viewed by Business Insider.  "This announcement is the next phase of its commitment to ensuring the well-being of partners with one of the most significant investments to hourly pay in the U.S. in the history of the company," Starbucks representative Reggie Borges said.  However, some employees say that pay bumps are not enough, as they demand a $15 minimum wage across the US.  President-elect Joe Biden has said it is necessary to raise the federal minimum wage to $15. Visit Business Insider's homepage for more stories. Starbucks is giving workers raises. But, some employees want more — and, with minimum wage hikes looming,...
    According to The Business Research Company’s research report on the dialysis devices and equipment market, the rising prevalence of chronic diseases such as diabetes and hypertension is expected to be a major driver of the dialysis equipment market. These chronic illnesses frequently precede the onset of the chronic kidney failure. According to the United Nations, the proportion of total global deaths due to chronic diseases is expected to increase to 70% and the global burden of chronic diseases is expected to reach about 60% by 2030. Extended working hours, limited physical activity, and unhealthy food habits are the major causes of chronic diseases such as diabetes. This will increase the demand for medical devices used in diagnosis, and treatment of chronic kidney diseases, driving the dialysis devices market. London, Oct. 13, 2020 (GLOBE NEWSWIRE) — (Dialysis Devices And Equipment Companies Included: Fresenius Medical Care AG & Co. KGaA, Baxter International, Nikkiso Co. Ltd, DaVita Inc., B. Braun Avitum AG, NxStage Medical, Asahi Kasei Corporation, Diaverum Deutschland GmbH, MEDIVATORS Inc., Nipro Corporation, Allmed Medical Corp, Gambro, TORAY MEDICAL CO. LTD, Teleflex...
    New York City (CNN Business)Target wants to increase its Black workforce by 20% over the next three years. The retailer publicized its hiring goal Thursday morning in conjunction with the release of its latest diversity report. The Equal Employment Opportunity Commission examined the 2019 racial and gender makeup of Target's workers at every level of employment.The data shows Black people make up 15% of all Target workers, but only 12% of the company's managers. Just 5% of Target's officers and 8% of its leadership team identified as Black. The company's board of directors, however, is 15% Black.White people, in comparison, represent 50% of all Target employees, 61% of the company's managers, 71% of its officers and 75% of its leadership team. Target's board of directors is 54% White.Target (TGT) Chief Diversity and Inclusion Officer Kiera Fernandez said the company also plans to provide additional leadership development, training programs and mentorship to its Black team members with a focus in business areas where Black representation is relatively low.Read More"The changes we're making are going to have a meaningful impact on the...
    Sao Paulo, Jul 31 (EFECOM) .- The state oil company Petrobras, the largest company in Brazil, considered this Friday that the “worst” of the crisis caused by COVID-19 “is over” and anticipates an increase in internal demand for fuels and derivatives in the second half of the year. “The recovery in the demand for derivatives in the domestic market has been constant” and “we believe that the worst phase is over, so we must continue with a demand from stable to increasing” in the coming months, he said at a press conference the company’s director of refining and natural gas, Anelise Lara, in which she commented on the semi-annual results released the day before. That increase, said the executive, will occur especially in diesel and gasoline, since the search for aviation kerosene is still “small” due to the “significant” flight restriction that is in force in most countries. Despite the fact that its directors consider that the oil sector faces its greatest crisis in the last hundred years, Petrobras maintained in the second quarter its goal of concluding 2020 with...
    Elon Musk is now the world's fifth richest man after his net worth hit $74 billion Monday afternoon thanks to Tesla's ongoing stock rally.  Shares in the company, founded by Musk, 49, hit $1,643.00 - a 300 per cent increase since January 2020 and up 60 per cent since the end of June. Tesla is now worth more than General Motors, Ford, BMW and Ferrari combined and has surpassed every rival to become the world's highest-valued automaker. Asked by Forbes about his wealth, outspoken Musk, who is also the CEO of SpaceX, said: 'I really couldn't care less. These numbers rise and fall, but what really matters is making great products that people love.' The world's richest man, Amazon founder Jeff Bezos', also saw his net worth increase by $13 billion in one day on Monday. That is the largest one day jump in one person's wealth in the history of the Bloomberg Billionaire List. He now has a fortune of $189.3 billion. Elon Musk is now the fifth richest man in the world after his net worth hit $74 billion Monday Jeff Bezos saw...
    Madrid, Jul 16 (EFE) .- DIA shares rose by almost 8% on the Spanish stock market, up to close to 13 cents, after informing the market that the group increased its net turnover by 6.3%, up to 1,819 million euros, in the second quarter. The shares of the company accumulated a month with little variation when moving around the 11 cents without exception, a stability that contrasts with the volatility of the value in previous months, with oscillations between 5.8 and 14.8 cents . The increase in its turnover occurs despite the fact that it currently has a network of stores 6% less than it had a year ago. In fact, the managers of the firm have highlighted that it is the first quarter since 2016 in which it registered an increase in its comparable sales in the four markets where it operates (Spain, Portugal, Brazil and Argentina). Especially positive was the performance of the company in Spain, where during the state of alarm its net sales grew by 16%, to exceed 1,200 million euros. (c) EFE Agency
    Telefónica has disclosed this Friday whether its shareholders have preferred to collect the dividend in the operator’s securities. The majority, 63% have opted for this option, below market estimates a few weeks ago, which were aimed at achieving a support of at least 70%. The company has explained to the National Securities Market Commission (CNMV) that this July 1, the trading period of the free allotment rights corresponding to the first capital increase charged to reserves relating to shareholder remuneration through ‘scrip dividend’ (Telefónica Dividendo Flexible) has ended. The result: shareholders holding 36.99% of the free allotment rights have accepted the purchase of rights assumed by Telefónica, as indicated by the company. Thus “the gross amount paid by Telefónica for these rights amounts to 370.7 million euros. In addition, it notes that it has renounced the rights thus acquired, which have been amortized. Instead, he notes, “the shareholders holding 63.01% of the free allotment rights have chosen to receive new shares of Telefónica “. In this way, as indicated by the company chaired by José María Álvarez-Pallete, the definitive number...
    Mexico.- Aeroméxico, the main Mexican airline, announced that the company and some of its subsidiaries began a voluntary process of financial restructuring under Chapter 11 of the Bankruptcy Law of the United States in the face of the crisis caused by the COVID-19 pandemic. In a statement, the company indicated that the financial restructuring will take place while it continues to operate normally. “The company will use the advantages of Chapter 11 to strengthen its financial position and liquidity, protect and preserve its operations and assets, and implement the necessary operational adjustments to face the impact of COVID-19,” commented the CEO of Aeroméxico, Andrés Conesa, in a statement published by the Mexican Stock Exchange (BMV). “Our industry faces unprecedented challenges derived from a significant reduction in passenger demand globally, so we are committed to adopting the necessary measures to operate continuously and efficiently in this new reality, and thereby be better prepared to a successful future during and after the pandemic, “added Conesa The company explained that its operations will continue in progress and in compliance with its permits...
    On Tuesday, California saw its highest single-day increase in cases (8,441) since the start of the pandemic. The US also saw its biggest one-day spike, with 47,000 new cases. Google originally planned to bring necessary employees in on a “rotating basis,” with about 10 percent capacity. The company hoped to slowly increase that capacity to 30 percent by September. Google will likely take a similar, phased approach when it does eventually open, and it has promised “rigorous” safety measures. Google employees have been working from home since early March, and the company said they will not be forced to return for the remainder of 2020. Facebook told its employees to work from home for the rest of the year, too. Amazon HQ employees are working from home until at least October, and Twitter will let employees work from home indefinitely.
    Tesla has become the first electric car company to offer 400 miles of range on one battery charge. The company announced that its Model S sedan - at least the units labeled 'Long Range Plus' - have been given an unprecedented range of 402 miles by the EPA. 'Starting today, all North American Model S Long Range Plus vehicles have an official EPA-rated range of 402 miles,' said the company in a press release. Tesla Model S now first ever electric vehicle to receive EPA range rating above 400 miles! https://t.co/EOTwVfvHS5— Elon Musk (@elonmusk) June 15, 2020 According to them, the designation marks an almost 20 percent increase in range when compared to a 2019 Model S 100D using the same battery pack design.   Tesla, which issued a statement on the Model S designation, says several changes to the cars' design have aided the unprecedented range. RELATED ARTICLES Previous 1 Next Why you should put the toilet lid down BEFORE flushing to... Amazon rolls out AI-powered 'Distance Assistant' that tracks... 'Like pouring jet fuel on brain evolution':...
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