Rogers To Invest C$10 Billion In AI, Testing After Massive Outage.
Rogers Communications Inc (RCIb.TO)said it will invest C$10 billion ($7.74 billion) over the next three years in Artificial Intelligence; and…
Day: July 25, 2022
Britain’s M&S Seeks Food Supply Chain Control With $173-Mln Gist Buyout.
British retailer Marks and Spencer (MKS.L) said it would acquire its key logistics services provider Gist Ltd for 145 million…
U.S. Business Activity Contracts In July For First Time In 2 Years, Survey Shows.
U.S. business activity contracted for the first time in nearly two years in July. As a sharp slowdown in the…
According to SundaysZeitung, Credit Suisse Plans To Make More Cost cuts.
Credit Suisse (CSGN.S) is considering how it could cut costs further after a dismal performance by the embattled bank in…
Shanghai Bourse Vows Market Stability Before Communist Party Congress.
The Shanghai Stock Exchange (SSE) vowed over the weekend to maintain market stability; ahead of the politically significant 20th Party…
Stocks Decline As Growth Risks Weaken Confidence; Demand For Bonds, Dollar.
Asian stocks lost ground, retreating from over three-week highs as worries about a global economic downturn sapped investors’ risk appetite.…
Cargill, Continental Close U.S. Chicken Deal.
Cargill and Continental Grain Co said that they had closed their deal to buy Sanderson Farms Inc (SAFM.O). This is…
In Argentina, Financial Risks Deepen Along With Investor Jitters.
Argentina’s debt sank deeper into distressed territory, in just the latest week of sour financial news. This highligted growing doubts…
The U.S. ITC Opens An Investigation Into The Trading Of Specific Fabrics With South Korea.
The U.S. International Trade Commission said it has launched an investigation related to the possible impact on the trade of…
Genex Power In Australia Receives A $220 Million Takeover Bid From A Tech Millionaire.
Australian renewable energy developer Genex Power (GNX.AX) has received an unsolicited A$319 million ($220 million) takeover offer from two private…
UK Retail Sales Slip In June As Consumers Struggle With Inflation.
British retail sales edged down in June as drivers cut back on record-priced fuel, with consumers reducing shopping less than…
Higher Expenses And A Labor Shortage Reduced Domino’s Pizza’s Profit.
Domino’s Pizza Inc (DPZ.N) missed market estimates for quarterly profit as costs soared; and a staffing crunch hampered the fast-food…
Due To Tighter Budgets, Consumers Avoid Candles And Barbecue Kits.
Whether they make strawberry pound cake-scented candles or $300 brisket barbecue delivery meal kits, U.S. Companies are telling investors to…