Cisco to Announce Significant Restructuring, Potential Impact on Employees
Cisco, the networking titan, is set to announce a significant restructuring that could impact numerous employees. The move reflects a broader trend among tech firms to slash costs and redefine their businesses amid industry challenges. As the tech industry braces for an uncertain future, all eyes will be on how Cisco plans to navigate this new landscape.
Novartis Leading Race to Acquire German Cancer Drug Maker MorphoSys
Novartis is reportedly leading the race to acquire German cancer drug maker MorphoSys, according to a recent report by Reuters. The news has caused a spike in MorphoSys’ share price, indicating significant market interest in the potential acquisition. Earlier this…
Lowe’s Announces Layoffs in Effort to Improve Operations
Mooresville-based home improvement company Lowe’s has announced layoffs as part of its ongoing efforts to improve operations. The staffing changes will impact a limited number of corporate associates in non-customer facing roles. A spokesperson for Lowe’s stated that affected associates…
Microsoft Teams Platform Experiences Outage, Users Express Frustration
Microsoft Teams, a communication platform developed by Microsoft, experienced an outage on Friday, prompting the company to investigate the issues. The outage was reported by numerous users, leading to complaints peaking around 11:30 AM ET, as per Downdetector, a website…
Southwest Airlines Flight Attendants Approve Strike Authorization
Southwest Airlines flight attendants have voted to approve a strike against the carrier, marking a significant development in the ongoing labor negotiations within the airline industry. The Transport Workers Union of America Local 556 union announced on Tuesday that over…
Texas Instruments Misses Q4 Analysts’ Revenue Estimates
Breaking News Published: Jan 23, 2024 04:05PM ET | Updated: Jan 23, 2024 04:31PM ET Texas Instruments (NASDAQ:TXN) Misses Q4 Analysts’ Revenue Estimates Analog chip manufacturer Texas Instruments (NASDAQ:TXN) fell short of analysts’ expectations in Q4 FY2023, with revenue down…
Kinder Morgan Set to Release Q4 Earnings Amidst Mixed Investor Sentiment
Kinder Morgan, Inc. (NYSE:KMI) is set to release its fourth-quarter results on January 17th, after the market closes. The Houston-based company is expected to report a quarterly EPS of $0.30, reflecting a 3.2% year-over-year decrease, and a revenue of $4.4…
BrightSpring Health Services Aims for $3.01 Billion Valuation in US IPO
KKR-backed BrightSpring Health Services has set a target valuation of around $3.01 billion for its long-awaited initial public offering in the United States. The company, specializing in providing care to patients with complex or chronic medical conditions, is moving forward…
Porsche 911 Sales Surge in 2023
Porsche Sold Almost As Many 911s As Panameras And 718s Combined In 2023 911 deliveries surged by 24 percent even though the model is about to be facelifted by Chris Chilton January 12, 2024 at 08:31 SUVs might be Porsche’s…
EU Antitrust Head to Meet with Apple CEO and Other Tech Giants
The European Union’s antitrust head, Margrethe Vestager, is set to meet with Tim Cook, CEO of Apple, and other tech giants next week. This meeting comes at a time when Apple seems to be taking a more cooperative approach towards…