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Read More »ADT gets a big boost from State Farm and Google deal
New York CNN Business — It looks like Jake from State Farm won’t need to worry about protecting his home from burglars. The insurance giant announced a big investment in home security company ADT Tuesday. Shares of ADT soared more than 14% on the news in early trading. State Farm is making a $1.2 billion investment in ADT (ADT), a deal that will give State Farm a 15% stake in the… Source link
Read More »IMAX stock rises on revenue beat as ‘Maverick,’ ‘Dr. Strange’ boost theatrical return
Editor’s Note: This post is breaking and will be updated IMAX (IMAX) reported its fiscal second quarter earnings on Thursday after market close as a healthy summer box office season helped the company deliver strong top-line growth, with revenue up 45% year-over-year. Here are IMAX’s second quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg: “Doctor Strange in the Multiverse of Madness,” “Top Gun: Maverick” and “Jurassic World: Dominion” helped lift overall… Source link
Read More »Two Yankees among bats to add for an offensive boost
The following players are widely available in Yahoo Fantasy Baseball formats and may be worth grabbing, depending on your league’s depth. Hicks has three homers and two steals while batting .323 with more walks than strikeouts over eight games in July. The Yankees have remained patient with him all season (a .359 OBP thanks to an elite walk rate helps), and more power is finally starting to show. Hicks has 10 runs scored and eight RBI over the eight games this month, as counting stats will… Source link
Read More »Musk’s Twitter takeover may boost Facebook, Google, Snap ad revenues
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Elon Musk‘s private takeover of Twitter may boost ad revenue for YouTube, Snap, Facebook parent Meta and TikTok, analysts from several Wall Street firms said in recent notes to investors. Twitter, which announced it accepted Musk’s bid on Monday, has heavily relied on ad sales, which accounted for $1.41 billion, the lion’s share of its revenue, in the most… Source link
Read More »Bank earnings expected to decline despite boost from Fed rate hikes
Banks will kick off earnings season this week, with first-quarter results due out from a lineup of industry heavyweights led by JPMorgan Chase on Wednesday. The latest quarterly figures are expected to preface a lackluster year for bank profits despite the lift anticipated from higher interest rates. According to projections compiled by S&P Global Market Intelligence, U.S. bank earnings will fall by more than 8% in 2022 from last year, namely as the financial boost from releasing reserves… Source link
Read More »Google is buying a company for half a billion dollars to boost cloud security
Google’s $500 million acquisition of Israel-based startup Siemplify is supposed to help the company bolster its own cloud security initiative, Chronicle, according to a report from Reuters. In a blog post announcing the deal, Google describes Siemplify as a security orchestration, automation, and response (SOAR) organization and plans to integrate its capabilities into Chronicle. “Siemplify allows Security Operation Center analysts to manage their operations from end-to-end”
Read More »Google will pay top execs $1 million each after declining to boost workers’ pay
Google is giving four of its top execs a significant pay bump, raising their salaries from $650,000 to $1 million, just weeks after the company told staffers it wouldn’t automatically adjust salaries to account for inflation. The new executive salaries were disclosed in an SEC filing. The executives receiving the $1 million base salaries are chief financial officer Ruth Porat, senior vice president Prabhakar Raghavan (who is in charge of Google search); senior vice president and chief… Source link
Read More »20 companies spending billions to boost their stock prices
The biggest companies in the world are using their significant cash piles to pump up their stock prices into year-end. About 53.8% of third quarter stock buyback activity was fueled by the top 20 companies, according to new data from S&P Dow Jones Indices senior index analyst Howard Silverblatt. The top 20 list (see below) was headlined by a who’s who of the rich and powerful in corporate America: Apple, Alphabet, Meta, Oracle and Microsoft. These five companies alone repurchased a startling… Source link
Read More »Google’s Australia investment could boost the nation’s A.I. scene
People gather for picnics beside the Harbour Bridge in the suburb of Kirribilli on September 19, 2021 in Sydney, Australia. Covid-19 restrictions have eased for people in NSW who are fully vaccinated. James D. Morgan | Getty Images News | Getty Images San Francisco, London, Montreal, Paris, and New York have all developed a reputation for being hotbeds of artificial intelligence research over the years. Sydney and Melbourne, Australia’s two biggest cities, have not. But that could be about to… Source link
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