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Walgreens’ stock has best day in 16 years as company plans to close 1,200 stores
Walgreens’ stock has been hammered this year as consumer shopping patterns have changed, but its CEO says store closures “will realign our footprint to a healthier store base.”Business - MarketWatch - October 15 -
UK water companies face struggle to raise equity without bill hikes, Moody’s warns
Sector suffering ‘diminishing investor confidence’ while needing major investment, says rating agencyWorld - Financial Times - October 15 -
ASML share plunge wipes over $50 billion off Dutch chip giant's value
ASML published its third-quarter earnings Tuesday, a day earlier than expected.Business - CNBC - October 16 -
Here's an earnings homework checklist so you can be ready when your companies report
You never want to be playing catch-up in real time while trying to make important buy, sell, or hold decisions.Business - CNBC - October 15 -
This Latina Founder Raised $35 Million to Reach Hispanic Audiences. Today, Her Company Is Among the Fastest-Growing in the Country
Canela Media landed on the Inc. 5000 list earlier this year thanks to the grit and vision of CEO Isabel Rafferty Zavala.Business - Inc. - October 15 -
Japan’s Toho acquires North American animation company GKIDS, Studio Ghibli's US steward
The Japanese entertainment giant Toho has reached an agreement to acquire the Oscar-winning animation outfit GKIDS, the companies said TuesdayEntertainment - ABC News - October 15 -
Alibaba, Baidu Invest in Chinese Smart-Driving Tech Company's Near $700 Million IPO
Alibaba and search-engine giant Baidu are investing in a nearly $700 million equity offering by Horizon Robotics.Tech - The Wall Street Journal - October 15 -
Phunware stock climbs 18% after mobile-advertising company touts generative AI
Shares of Phunware Inc. rose 17.6% on Wednesday after the mobile-advertising software company gave a business update and announced the development of a new generative-AI platform.Business - MarketWatch - October 16 -
CVS cuts outlook yet again — while swapping out CEO for a company veteran
“The shift in management is not surprising as the company looks to level set its operations and strategically position itself for future growth,” analyst said.Business - MarketWatch - October 18 -
Drug companies that violate law would fund medical research under new Democratic legislation
Sen. Elizabeth Warren (D-Mass.) and Rep. Jan Schakowsky (D-Ill.) have introduced legislation that would require pharmaceutical companies that have entered settlement agreements over violating ...Politics - The Hill - October 18 -
Starbucks’ New CEO Only Needed 6 Words to Explain the Company’s Biggest Problem
Turning around the company’s problem starts with acknowledging this simple truth.Business - Inc. - October 20 -
TikTok parent company dismisses intern who 'maliciously interfered' with its AI technology
The parent company of TikTok says it has dismissed an intern that it found to have "maliciously interfered" with its artificial intelligence technology effort.Top stories - NBC News - October 21 -
Meta Fired a $400K-a-Year Employee for Charging Toothpaste to the Company. It Was Actually a Very Smart Move
It may seem ridiculous to nickel-and-dime your employees like this, but it makes sense for Meta to enforce smaller rules.Business - Inc. - October 22