Firm Management

Nestle Cuts Sales Forecast as Shoppers Reject Price Hikes

Nestlé Reports US Voter Anxiety Translated Into Consumer Buying Patterns Ahead of Election

Nestlé's organic sales fell by 0.3% or $21.42 billion, driven by consumer anxiety over the upcoming US presidential election, which affected spending habits.


Google Signs Historic Agreement to Power AI Data Centers With Small Nuclear Reactors by 2030

Google has partnered with Kairos Power to deploy small nuclear reactors for its AI data centers, aiming to bring the first reactor online by 2030.

Walgreens to Shut Down 1,200 Stores by 2027 as Part of $1 Billion Cost-Cutting Strategy, Despite Beating Q4 Earnings Estimates

Walgreens exceeded Q4 sales expectations but plans to close 1,200 stores by 2027 as part of its cost-cutting strategy.

Apple Found Illegally Limiting Messaging Use at Work to Prevent Employees From Discussing Work Conditions

Apple faces new NLRB complaints accusing the company of violating employee rights by restricting social media use, limiting Slack channels, and unlawfully firing employees involved in workplace activism.


Latest News

US-TECH-ANTITRUST-ADVERTISING
The US government is pursuing a breakup of Google due to its illegal monopoly in the search engine market, aiming to promote competition.
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American Airlines is using machine learning to speed up gate allocation, reducing taxi times and fuel usage by analyzing real-time flight data.
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Amazon plans to hire 250,000 seasonal workers for the holiday rush as e-commerce sales are expected to soar.
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The U.S. added two Chinese firms, a steel manufacturer and an artificial sweetener maker, to its Uyghur forced labor blacklist, bringing the total to 75 companies.
FORTESCUE WEST AUSTRALIA
Mining giant Fortescue rejects the "fantasy" of net zero by 2050, instead aiming for "real zero" by 2040, urging immediate action to reduce carbon emissions and stop burning fossil fuels.
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Boeing faces another safety concerns as the NTSB warns that over 40 foreign operators may be using 737 aircraft with potentially faulty rudder components, raising fears of loss of control.
ECONOMY MASTERCARD CREDITCARD
Mastercard plans to simplify subscription management by acquiring Minna Technologies, aiming to enhance consumer experience.
Georgia chemical plant fire
A chemical plant fire in Georgia has forced over 90,000 residents and businesses to shelter in place, with the EPA detecting chlorine in the air.
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Nestlé UK saw a 98% rise in pre-tax profit and 7.4% increase in sales in 2023, despite ongoing inflation and supply chain pressures.
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Cathay Pacific permanently banned a Chinese couple from flying after a viral video showed them harassing a fellow passenger over a reclined seat during a 17-hour flight.
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