Business

Tiffany shares fell Friday after the company reported a 1 percent drop in sales worldwide during the holiday quarter, citing “external challenges and uncertainties.” Its stock was down more than 5 percent in pre-market trading following the earnings release. The luxury jewelry retailer said net sales fell to $1.321 billion during its fiscal fourth quarter,
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CVS Health CEO Larry Merlo told CNBC Thursday that the health chain is unlocking growth opportunities despite the stock’s downward trend since officially merging with Aetna in November. The company has made “tactical execution” changes to its long-term care business that has faced “intense financial pressure,” he said. The skilled nursing unit came from CVS’
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Shares in Inmarsat Plc jumped 17 percent on Wednesday after the British satellite operator said it was in talks about a $3.3 billion cash offer from a private equity-led consortium, opening up the possibility of a bidding war. The consortium, which initially included UK-based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board
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“It’s an emerging technology in the very, very early stages of commercialization,” said Dean Frankel, Solid Power’s head of business development. “It just takes time from a scale-up standpoint.” While some start-ups work toward perfecting and scaling up the solid-state battery, others like Sila Nanotechnologies hope to take advantage of current lithium-ion manufacturing processes to
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Microsoft has plenty of experience in the auto industry, beyond Volkswagen. The company has highlighted Aston Martin, Honda, Mazda and the Renault-Nissan Alliance as Azure customers, and Nadella said in a 2016 interview with the Wall Street Journal that Daimler, BMW, Ford and Toyota are “significant customers of ours.” “I’m very thrilled about all the
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On Tuesday, the scheme’s mastermind, William “Rick” Singer, pleaded guilty to federal charges. Singer, founder and CEO of the Edge College & Career Network, had cooperated with investigators in the probe. Other parents who have been charged include PIMCO CEO Douglas Hodge, now-former Hercules Capital CEO Manuel Henriquez, top lawyer Gordon Caplan and investment fund
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