BAE Systems to Keep Managing U.S. Ammunition Plant
BAE Systems won a new 10-year contract worth $8.8 billion to manage the U.S. Army’s main ammunition plant in Tennessee as efforts continue to surge production of artillery shells, missiles and other weapons.
Inditex Ups Gross Margin View
Inditex said it now expects a gross margin for fiscal 2024 of around 75 basis points higher than last year after it reported above-forecast underlying earnings for the first nine months.
Japan’s Fujitsu to Sell Stake in Chip-Packaging Unit
Fujitsu agreed to sell a controlling stake in its semiconductor-packaging unit to a consortium that plans to take the business private in a roughly $4.7 billion deal.
AustralianSuper Boosts Investment in Private-Equity Firm
Australia’s largest pension fund said it has increased its allocation to Nuveen, the asset management arm of Teachers Insurance and Annuity Association of America.
XPO to Acquire 28 Service Centers as Part of Yellow’s Bankruptcy
Transport company XPO said the U.S. Bankruptcy Court for the District of Delaware approved the company’s offer for 28 service center locations which were previously operated by trucking company Yellow.
Apple, Google Get Billions From Their App Stores. That’s Now Under Threat.
Google’s court loss and increased regulatory scrutiny could derail software profit machines for the tech giants.
Apple Makes Security Changes to Protect Users From iPhone Thefts
The company plans to add Stolen Device Protection in a future iOS update following a yearlong WSJ investigation.
Netflix Releases Full Viewership Data for First Time
Netflix released its first engagement report, revealing the viewership of its top programming through the first six months of the year.
It’s Game Over for the E3 Videogame Expo
Once a mecca for gamers and industry leaders, the trade show never recovered from the Covid-19 pandemic.
EY Is Laying Off U.S. Partners Amid Tough Economic Conditions
The Big Four accounting firm previously cut 3,000 U.S. workers in April, similar to moves at other professional-services firms.
Source: Dow Jones Newswires