Apple Faces Potential Watch Import Ban After Federal Trade Ruling
The U.S. International Trade Commission found that Apple violated the patent of a rival company, a ruling that could lead to an import ban for certain of its smartwatch.
Microsoft Replaces Longtime CMO as It Enters ‘New Era of AI’
Cloud marketing veteran Takeshi Numoto is taking over from Chris Capossela, who is leaving the tech giant after 32 years.
Sanofi to Split Consumer-Healthcare, Pharma Businesses
Sanofi plans to spin off its consumer-healthcare and pharmaceutical operations, making it the latest drugmaker to sharpen its focus on prescription medicines by offloading adjacent businesses.
Remy Cointreau Slashes Guidance After Sales Slump
Remy Cointreau forecast a 15%-20% decline in organic sales for fiscal 2024, saying market conditions had deteriorated in the U.S., citing a fiercely promotional environment and high interest rates that cut distributors’ financing capacity.
Intel Sees Budding PC Recovery, AI Boost Despite Dropping Sales
Shares of the chip maker rose after hours as its results and outlook topped analyst expectations amid signs that a PC recovery is starting to take hold and interest in AI computation is growing.
Amazon’s Profit Triples as Sales Show Resilience
The company’s revenue increased by 13% to $143.1 billion for its third quarter, beating Wall Street expectations.
Ford Retrenches Further on EVs Amid Demand Uncertainty
The automaker withdrew its profit guidance for the year, noting that the UAW strike is expected to cost it about $1.3 billion this year in operating profit.
Ted Pick, Morgan Stanley’s New CEO, Is a Math Whiz Among Math Whizzes
The company lifer will have to keep the wealth-management unit happy, while doing the same for investment banking and trading.
Chipotle shares climb on Q3 earnings beat, strong comparable sales
Chipotle reported third-quarter results after market close Thursday.
H.I.G. Sues Audax Alleging Overstated Company Profit Pumped Up Sale
In a rare public dispute between private-equity firms, H.I.G. Capital is suing Audax Group over a company Audax sold to H.I.G., alleging that the seller falsified the finances of the business.
Source: Dow Jones Newswires