Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Business - CNBC - 5 hours ago

Europe’s Innovation Ecosystem Can Make It the New Palo Alto

A cluster of European cities within a five-hour train ride of London could become a unicorn factory to rival Silicon Valley, argues tech investor Saul Klein.

Tech - Wired - October 14

Embattled Abbott Labs comes through with a strong quarter, buyback announcement

Abbott Labs delivered for investors who stuck with the stock despite legal woes that emerged earlier this year.

Business - CNBC - October 16

Abbott Labs beats Q3 sales and earnings expectations, raises full-year outlook

Abbott Laboratories on Wednesday reported better-than-expected third-quarter earnings and sales, boosted by strength in the company’s medical-devices business.

Business - MarketWatch - October 16

Japan's ruling coalition loses a majority in the lower house, creating political uncertainty

Japanese Prime Minister Shigeru Ishiba’s ruling coalition has lost a majority in the 465-seat lower house in a key parliamentary election Sunday

World - ABC News - 3 days ago

Japan’s ruling party is certain to lose a majority in the lower house, broadcaster says

Japanese Prime Minister Shigeru Ishiba’s conservative ruling party braced for a blow to its comfortable majority in the lower house of parliament in Sunday’s elections.

New Rule Blocks U.S. Investors From Helping China Develop Advanced Military Tech

A rare point of bipartisan agreement backs a Treasury Department regulation to curb and track American investments in AI and technology that could boost a major U.S. rival.

Business - Inc. - 2 days ago

New chancellor, new rules

Plus, Trump’s row with Labour

World - Financial Times - 6 days ago

Huntington Ingalls' Shares Tumble on Outlook Cut, Navy Contract Delay

The biggest U.S. military shipbuilder pulled its five-year free cash-flow forecast amid uncertainty about a submarine contract, supply-chain disruption and the loss of experienced workers.

Business - The Wall Street Journal - 8 hours ago

Judge dismisses lawsuit over old abortion rights ruling in Mississippi

A Mississippi judge has dismissed a lawsuit that challenged a potential conflict between a 2022 state law that bans most abortions and a 1998 state Supreme Court ruling that said abortion is ...

Health - ABC News - October 16

Massachusetts judge rules Meta must face state's social media lawsuit

A Massachusetts Superior Court judge has ruled Meta must face a state lawsuit, alleging the company knowingly designed and deployed features harmful to young online users. Suffolk County Superior ...

Politics - The Hill - October 18

German court rules against Deutsche Bank in Postbank acquisition lawsuit

Deutsche Bank said it will now analyze the judgement and noted it has booked provisions covering all outstanding claims by the plaintiffs, including interest accrued to date.

Business - CNBC - October 23

Rachel Reeves’ new rules

She learned this one simple trick… hopefully bond markets don’t HATE her

World - Financial Times - October 24

What a new labor contract could mean for Boeing

About 33,000 striking Boeing workers were voting Wednesday on whether to ratify a new contract with the embattled aircraft manufacturing giant. The four-year deal comes with a 35% pay hike, as well ...

Harris leads Trump by 20 points with younger Americans, new CNBC/Generation Lab survey finds

Vice President Kamala Harris now holds a 20-point lead over former President Trump when it comes to younger voters between 18 and 34

Business - CNBC - October 22

FirstFT: Partner pay at US law firms hits record levels

Also in today’s newsletter, US backs huge lithium mine and Canada cuts immigration programme

World - Financial Times - 6 days ago

Why Georgia’s EU future is on the ballot in historic parliament vote

Also in this newsletter: Russian migrant-smuggling ring busted

World - Financial Times - 6 days ago

Court of Appeal sides with UK consumers over ‘secret’ car loan commissions

Close Brothers shares plummet after landmark ruling that puts sector at risk of redress

Business - Financial Times - 6 days ago

The Property Brothers Share 3 Tips That Helped Them Build a Business Empire

Drew and Jonathan Scott spoke at the Inc. 5000 Conference about launching their own VC fund and the rules of business that have helped drive their success.

Business - Inc. - October 17

Voters who helped Biden win in 2020 share why they will not vote for Harris

Vice President Kamala Harris is struggling to win the support of Arab and Muslim voters in Michigan. Four of them who voted for President Biden in 2020 explain why they will not vote for Harris on ...

Reeves confirms change to UK fiscal rules to help fund £20bn of annual investment

Chancellor promises in FT to avoid ‘falls in public sector investment’ planned by Tories

Business - Financial Times - October 24

Boeing workers voting on new contract that could end strike

Boeing workers are voting Wednesday on a new contract to end a six week strike that has cost the company billions. The four-year deal includes a 35% pay hike, a signing bonus and improved health ...

Boeing machinists reject new contract, continuing costly walkout

The vote comes more than a month after 33,000 union members overwhelmingly rejected a negotiated offer and walked off the job on Sept. 13.

Boeing strike to continue after workers reject new contract

According to the International Association of Machinists and Aerospace Workers (IAM), 64% of workers voted to reject the new contract.

Boeing machinists reject new labor contract, extending strike

Nearly six weeks after walking off the job, members of the union representing more than 30,000 machinists voted Wednesday to reject Boeing's latest offer, a 35 percent raise over four years, and ...

Boeing machinists reject new contract on 41st day of strike

Striking Boeing machinists rejected a proposed contract that would have ended a costly 41-day work stoppage. The machinists, represented by the International Association of Machinists and Aerospace ...

Politics - The Hill - October 24

Boeing Strike Extended After Union Workers Reject New Contract

The vote, hours after Boeing reported a $6.1 billion loss, will extend a nearly six-week-long strike at factories where the company makes its best-selling commercial plane.

Top stories - The New York Times - October 24

Why Boeing Workers Rejected a New Contract: Retirement Benefits

A large majority of more than 33,000 striking union members voted against a contract that included big raises but not the restoration of a frozen pension plan.

Business - The New York Times - 6 days ago

Grammy Awards to Move to ABC Under New 10-Year Contract

The Grammys will move from CBS to ABC.

Business - Inc. - Yesterday

Why Space Startups Are Excited by Space Force’s New Rocket Contracts

The nation’s military space wing has opened bidding for new rocket launch contracts worth up to $5.6 billion, and it’s aimed at ’emerging’ providers.

Business - Inc. - 9 hours ago

Boeing machinists' union leaders back new contract, call for Monday vote

Some 33,000 Boeing machinists have been on strike for weeks. Union leadership said the latest proposal adds a general wage increase of 38% over four years.

Vietnam Elects Luong Cuong as President, Reviving Power-Sharing Arrangement

The move restores a “four pillar” government structure that divides top-level duties to avoid the rise of a single strongman.

World - The New York Times - October 21

New lawsuits accuse Diddy of sexual assault of 6 people, including a minor

A new wave of lawsuits filed Monday accuses Sean "Diddy" Combs of raping men and women and molesting a 16-year-old boy.

Sean 'Diddy' Combs accused of sexually assaulting teenager in new lawsuits

Six new lawsuits are filed in New York with allegations spanning from 1995 to 2021.

Seven new lawsuits filed against Sean 'Diddy' Combs

Four men and three women accuse the hip-hop mogul of sexually assaulting them at various parties in the US.

Latest in Palo Alto shares helped by contract news, Abbott Labs braces for lawsuit ruling