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Chinese smartphone company Honor gets new investors as it gears up for IPO
Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering.Business - CNBC - 53 minutes ago -
Simu Liu criticizes Canadian boba tea company over concerns of cultural appropriation
Actor Simu Liu blasted a pair of Quebec entrepreneurs last week who went on Canada’s version of “Shark Tank” to pitch a drink they say has “transformed” boba tea.Top stories - NBC News - October 13 -
U.S. companies reassert their dominance of Fortune Global 500 ranks vs. rival China
A dramatic turnaround since 2022 represents both China’s struggles and robust performance from U.S. companies.Business - MarketWatch - October 15 -
Longboard Pharmaceuticals’ stock soars amid Lundbeck’s $2.6 billion deal to acquire the company
H. Lundbeck plans to acquire Longboard Pharmaceuticals in a $2.6 billion deal, the companies announced Monday.Business - MarketWatch - October 14 -
Junk-rated companies face record refinancing needs above $2 trillion through 2029, Moody’s says
Barring an economic slowdown, market conditions are still favorable, with interest rates expected to continue to come down and investors expected to be receptive to credit marketsBusiness - MarketWatch - October 14 -
Ranking worst quarterback contracts in NFL today: Deshaun Watson sits atop list, but Browns bust has company
These are the seven-worst quarterback contracts in football right nowSports - CBS Sports - October 14 -
Boeing’s Woes Mount, as Debt, Minimal Income, and a Hardening Strike Risk Bankrupting Company
Boeing announces layoffs and aircraft delays to cut costs, even as it continues racking up billions in losses from a month-long strike becoming more bitter each day.Business - Inc. - October 14 -
IRS ruling on 401(k) company matches could open doors to pay off debt
A new Internal Revenue Service ruling on 401(k) company matches could change the way employees apply the contributions made by their employers. CBS News senior business and technology correspondent ...Top stories - CBS News - October 14 -
Boeing’s bonds signal view that company has bought time with credit-raters to avoid slide to junk
Boeing Co., under pressure to boost liquidity, filed a $25 billion shelf registration Tuesday to offer equity or debt over the next three years and announced a new credit agreement with lenders.Business - MarketWatch - October 16 -
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 -
CEO of Europe defense company says region faces ‘wake-up call’ to boost spending
Countries have to start building capabilities and replenish stockpiles, said CEO of Swedish defense contractor Saab.Business - MarketWatch - October 22 -
New Boeing CEO to give clues on company's future, while striking workers vote on new contract
Boeing's CEO Kelly Ortberg faces investors for first time at the helm of the troubled manufacturer.Business - CNBC - October 22 -
New Boeing CEO to give clues on company's future, while striking workers vote on new contract
Boeing has already braced investors for a rough quarterly report.Top stories - NBC News - October 22