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EXPLAINED: 33 - The Real Truth

McDonald's Exits Russia - Read The Latest Update

McDonald's Corp (NYSE:MCD) has entered into a sale and purchase agreement with its existing licensee Alexander Govor to sell its Russian business. The financial terms were not disclosed. Under this agreement, Govor will acquire McDonald's restaurant portfolio and operate the restaurants under a new brand. Govor has served as a McDonald's licensee since…

Benzinga

Georgia To Announce $7B Hyundai EV Investment: Reuters

Georgia Governer Brian Kemp is set to announce a $7 billion investment by Hyundai Motor Company (OTC:HYMTF) on Friday, Reuters reported. The announcement is expected to coincide with U.S. President Joe Biden’s visit to Seoul. The auto giant is planning to build a plant in Georgia to produce electric vehicles (EVs). The report cited Atlanta…

Benzinga

Walmart Intensifies Rivalry With Google, Amazon By Targeting India's Budding Payments Market

Walmart Inc's (NYSE:WMT) Indian payments unit PhonePe will acquire two wealth management firms for a total enterprise value of $75 million, Bloomberg reports. PhonePe will buy WealthDesk for about $50 million and OpenQ for nearly $25 million. The acquisitions will help broaden PhonePe's offerings in India's budding payments market, where Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)…

Benzinga

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Stellantis To Reshuffle European Dealers' Network In 2023: Reuters

Stellantis NV (NYSE:STLA) is planning a reshuffle of its European dealers' network in 2023 from Austria, Belgium, and the Netherlands, Reuters reported. The company is looking to reshuffle dealers of its van and premium brands. The carmaker would end all current sales and services contracts with European dealers in an effort to…

Benzinga

Saudi Arabia's Public Investment Fund Scoops 5% Stake In Nintendo

Saudi Arabia's Public Investment Fund (PIF) scooped a 5.01% stake in Nintendo Co, Ltd (OTC:NTDOY), Reuters reports. PIF has also launched its own video game and e-sports company, Savvy Gaming. Also Read: Nintendo Declares 10-1 Stock Split After Posting 4% Sales Decline In FY22, Weaker Guidance PIF invested in video game companies Nexon Co Ltd (OTC: NEXOY), Capcom Co…

Benzinga

Target Shares Plunge On Q1 Bottom-Line Miss, Margin Pressure

Target Corp (NYSE:TGT) reported first-quarter FY22 sales growth of 4% year-on-year to $25.17 billion, beating the consensus of $24.37 billion. Comparable sales grew 3.3%. Comparable store sales increased 3.4%, and comparable digital sales rose 3.2%. Sales by stores constituted 81.8% of total sales, while digital channel sales represented 18.2%. Gross margin for the…

Benzinga

CMA CGM Buys 9% stake In Air France-KLM As Part Of An Air Cargo Partnership

CMA CGM, a French shipping company, invests in Air France-KLM (OTC:AFLYY) as part of an air cargo partnership, counting on growing demands for flying goods worldwide while supply chains remain snarled in the aftermath of the pandemic, Reuters reported. CMA CGM will take up to 9% of Air France-KLM, worth ~€240 million ($252…

Benzinga

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Toyota Looks To Develop Hydrogen Mobility In Europe

Toyota Motor Corp's (NYSE:TM) Europe business, Air Liquide SA (OTC:AIQUF), and CaetanoBus have signed a Memorandum of Understanding intending to develop integrated hydrogen transport solutions. The companies will focus on infrastructure connected to distribution and refueling; low-carbon and renewable hydrogen production; and deploying hydrogen in various vehicle types. The initial focus would be on buses, light commercial vehicles,…

Benzinga

JPMorgan No More A Depositary For Russia-Based Rosneft's GDRs

JPMorgan & Chase (NYSE:JPM) has resigned as a depositary of global depositary receipts (GDR) of Russia's largest oil producer Rosneft (OTC:RNFTF), Reuters reported. Last month, JPMorgan & Chase started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the matter said, giving some investors a way to…

Benzinga

Shareholders Rejected Intel's Top Executive Compensation Just A Month After It Painted Dismal Q2 Outlook

Intel Corp (NASDAQ:INTC) shareholders rejected compensation packages for top executives, including a payout of as much as $178.6 million to CEO Pat Gelsinger. Shareholders cast 1.78 billion votes against executive compensation at the annual meeting. Shareholders cast 921.2 million votes in favor of the compensation. The vote is non-binding. Gelsinger has earned 1,711 times as…

Benzinga

Why United Airlines Shares Are Trading Higher Today

United Airlines Holdings, Inc. (NASDAQ:UAL) updated its financial outlook for second-quarter 2022. The company stated that the demand environment has continued to improve following the previous guidance, resulting in a higher unit revenue outlook for Q2. Meanwhile, UAL noted that oil price has also increased, resulting in a higher expected fuel price for…

Benzinga

Why Stratasys Are Trading Higher After Hours Today

Stratasys Ltd (NASDAQ:SSYS) reported first-quarter FY22 revenue growth of 21.8% year-over-year to $163.43 million, beating the consensus of $157.56 million. Product sales rose 25.2% Y/Y to $113.07 million. Services revenue increased 14.8% Y/Y to $50.36 million. The gross margin expanded 120 bps to 42.6%. The adjusted gross margin was 47.3%, up 65…

Benzinga

Class, queerness and illness in the ‘post-crisis’ era: rewriting the narrative of HIV

I often read a book’s acknowledgments to see who an author thanks for supporting the creation of their work and how they go about thanking them.

The Conversation

'The relation between politics and culture is clear and real': how Gough Whitlam centred artists in his 1972 campaign

As we enter the final week of the election campaign with its scrappy debates and breathlessly seized “gotcha” moments, the impact of Gough Whitlam’s electoral reforms can be seen at every stage.

The Conversation

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Benzinga

Starbucks Includes Abortion Travel Coverage To US Health Benefits: Reuters

Starbucks Corp (NASDAQ:SBUX) will reimburse U.S. employees if they must travel more than 100 miles from their homes to obtain an abortion, Reuters reported. The decision was communicated by the company through a memo to its employees. The coffee chain joins the likes of Amazon.Com, Inc. (NASDAQ:AMZN) and Microsoft Corp (NASDAQ:MSFT) to offer the benefit. The…

Benzinga

Ryanair CEO Thinks Boeing Management Needs A Reboot: CNBC

Ryanair Holdings plc (NASDAQ:RYAAY) CEO Michael O'Leary following the FY22 results, told CNBC that the company had been "very disappointed with the performance" of Boeing Co (NYSE:BA) from a commercial perspective over the last 12 months. Related: Ryanair FY22 Loss Narrows, Expects To Return To Profitability In FY23 O'Leary called for a shakeup of management at…

Benzinga

Tesla Recalls China Made Vehicles Again

China's market regulatory agency disclosed that Tesla, Inc (NASDAQ:TSLA) recalled 107,293 China-made Model 3 and Model Y vehicles, Reuters reports. The recall was due to overheating that may cause the center touchscreen display to malfunction, among other issues. Also Read: Tesla Recalled Model 3 Cars In China In April Again - Read Why The…

Daily Mirror

Drowned village where church bells can still be heard rising from mud 80 years later

Families were evacuated and buildings submerged when picturesque Derbyshire valley was sacrificed to create a reservoir to provide water for fast-growing cities

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ABC News

Vladimir Putin sent his 'Butcher of Syria' to tame Ukraine a month ago. Has it brought Russia any closer to victory?

When Vladimir Putin's original plan to take Kyiv fell apart, he brought in a battle-hardened army general to clean up the mess and finish the job. But the brutal tactics that saw him crowned the 'Butcher of Syria' have not played out the same in Ukraine.

Benzinga

Salesforce Looks To Assist Employees For Access To Abortions Following Roe v. Wade

Salesforce, Inc (NYSE:CRM) informed employees about helping them relocate for access to abortions or other medical procedures following an expected ruling from the U.S. Supreme Court to strike down Roe v. Wade, CNBC reports. Of the 50 U.S. states, 26 would or are likely to ban abortion if the court strikes down Roe.…

Benzinga

Aluminum Inventories Reach A New Low, Prices Plunged

Aluminum available for withdrawal at London Metal Exchange warehouses fell to a record low. Still, the latest sign of supply shortages isn’t enough to break the pessimistic sentiment that is ruling metals markets as demand worsens, writes Bloomberg. On-warrant aluminum inventories fell 9.7% to 260,275 tons, breaking a record set in…

Benzinga

Biden Administration To Inject $150M To Reactivate South Asian Alliances To Counter China: FT

To boost economic engagement in Southeast Asian countries, the Biden administration will invest $150 million in the region as part of its strategy to counter China, Financial Times Reports. The new package comes seven months after Biden promised Asean leaders that he would provide up to $102 million in investments for countries in Southeast Asia. …

The Conversation

How the West discovered the Buddha

Buddhism is the third largest (and fastest growing) religion in Australia with approximately half a million adherents.

Reason

In Defense of Roe

The last 50 years have been marked by a remarkably stable social consensus balancing the rights of women and fetuses. Let's not throw that away.

Radio France Internationale

Did NATO's expansion drive Vladimir Putin to war?

The combination of Russia's decades-old fear of an eastwards-expanding NATO and its own invasion into Ukraine seems to have had an adverse effect: non-aligned Finland and Sweden strongly considering joining the anti-Russian alliance and increasing the tense stand-off between Moscow and the west.

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