companys

AT&T CEO says Wall Street critics are wrong about the company's promotions

AT&T CEO says Wall Street critics are wrong about the company’s promotions

““We are actually gaining customers in a lot of different places and a lot of different ways, and there isn’t any single answer to it.  And I know folks want to continue to go back and say, well, it’s a high level of promotion that’s doing it.  And that’s actually not correct.”” — AT&T CEO …

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Peloton CEO says 'naysayers' are looking at the company's $1.2 billion quarterly loss all wrong

Peloton CEO says ‘naysayers’ are looking at the company’s $1.2 billion quarterly loss all wrong

““The naysayers will look at our Q4 financial performance and see a melting pot of declining revenue, negative gross margin, and deeper operating losses … but what I see is significant progress driving our comeback and Peloton’s long-term resilience.”” That was Peloton’s CEO trying to spin the exercise bike brand’s recent earnings miss in a …

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Bentley Mulliner Batur Debuts As Most Powerful Model In The Company’s History | Carscoops

Bentley is transitioning into an electric-only brand, but the company isn’t giving up on the internal combustion engine quite yet. That’s clear today as they’ve unveiled the most powerful car in their history. Known as the Bentley Mulliner Batur, the model is a luxurious grand touring coupe that features an upgraded version of the company’s …

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Amazon bought the company that makes the Roomba. Anti-trust researchers and data privacy experts say it's 'the most dangerous, threatening acquisition in the company's history'

Amazon bought the company that makes the Roomba. Anti-trust researchers and data privacy experts say it’s ‘the most dangerous, threatening acquisition in the company’s history’

Amazon on Friday announced it acquired iRobot, the company that makes Roomba vacuums, for $1.7 billion. The deal prompted immediate concerns from data privacy experts and anti-trust researchers.  “[People] don’t buy a Roomba to have a little robot … spying on the layout of your home,” said anti-trust researcher Ron Knox. Loading Something is loading. …

Amazon bought the company that makes the Roomba. Anti-trust researchers and data privacy experts say it’s ‘the most dangerous, threatening acquisition in the company’s history’ Read More »

Liftoff on Blue Origin

Blue Origin launches 6 people on company’s 6th space tourism mission

Blue Origin’s sixth crewed spaceflight is in the books.  The company’s New Shepard suborbital vehicle carried six people to the final frontier this morning (Aug. 4), including a few who notched spaceflight firsts. New Shepard lifted off from Blue Origin’s West Texas site at 9:57 a.m. EDT (1357 GMT) and was back on Earth about …

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Intel earnings slammed on Wall Street: 'Such a disconnect between the company's optimism and the current reality'

Intel earnings slammed on Wall Street: ‘Such a disconnect’ between company’s optimism and reality

Intel Corp. drew sharp criticism from analysts after the company reported results that were disappointing on many fronts, indicating a storm of macroeconomic, competitive, and execution challenges. The chip company fell far short of expectations on revenue, profit, and gross margins in its late-Thursday report, and executives issued a forecast for the current quarter that …

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Activision employees announce second union ahead of game company's sale to Microsoft

Activision employees announce second union ahead of game company’s sale to Microsoft

Bobby Kotick, CEO of Activision Blizzard, attends the Allen & Company Sun Valley Conference on July 8, 2022, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images A group of software testers at Activision Blizzard have formed the company’s second union in the months before Microsoft is expected to close its …

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Wells Fargo profit falls as the bank sets aside funds for bad loans, company's shares drop

Wells Fargo profit falls as the bank sets aside funds for bad loans, company’s shares drop

Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo said Friday that second-quarter profit declined 48% from a year earlier as the bank set aside funds for bad loans and was stung by declines in its equity holdings. Here’s what the company reported compared with what Wall Street was expecting, based on a …

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FDA backpedals on Juul ban, says it’s re-reviewing company’s “unique” issues

FDA backpedals on Juul ban, says it’s re-reviewing company’s “unique” issues

Enlarge / Packages of Juul e-cigarettes are displayed for sale in the Brazil Outlet shop on June 22, 2022 in Los Angeles, California. The US Food and Drug Administration on Tuesday paused a decision that would effectively force Juul off the US market. On Wednesday, the two sides agreed to put their court battle on …

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Officials Balked at a Drug Company’s Tax Shelter. Auditors Approved It Anyway.

Officials Balked at a Drug Company’s Tax Shelter. Auditors Approved It Anyway.

The drug company Perrigo had a problem. Consultants at the giant advisory firm EY had devised an elaborate arrangement that would allow Perrigo, one of the country’s leading makers of nonprescription drugs, to avoid more than $100 million in federal taxes. But the company’s outside auditors, at the accounting firm BDO, were questioning the setup’s …

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