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Consumer Goods & Trends

Verizon Expects Wireless Service Revenue To Grow 2.5%-4.5% in 2023 – $VZ $DIA $SPY $ATOS

Verizon Communications, Inc. (VZ) reported quarterly earnings, reporting adjusted earnings of $1.19 per share on revenue of $35.3 billion, both in-line with analysts' estimates. Verizon expects adjusted profit between $4.55 per share and $4.85 per share in 2023, below market estimate of $4.97 per sh...

Walgreens Continue To Reward Stockholders With Quarterly Dividend – $WBA $DIA $INM

As per reports, the board of Walgreens Boots Alliance, Inc. (WBA) declared a quarterly dividend of 48 cents per share, same as the previous quarter but an increase of 0.5 percent from the year ago quarter. The dividend is eligible to stockholders as of Feb. 16, 2023, payable on March 10, 2023. &nbs...

Stocks Race Forward Weekly With Nasdaq’s Outsized Lead – $AAPL $ATOS $INVO $LCID $NVDA $TSLA Rise!

Quote of the Day:  "Take chances, make mistakes. That's how you grow. Pain nourishes your courage. You have to fail in order to practice being brave." - Mary Tyler Moore   Happy Saturday! I hope that you had a wonderful week and that you managed to build your wealth in the stock market and...

American Express Acquires Nipendo With Goal Of Creating Leading End-To-End B2B Platform – $AXP $DIA $INVO

Reportedly, American Express Company (AXP) announced the acquisition of Nipendo, a company used by global businesses to automate and streamline business-to-business payment processes. The transaction is American Express’ latest strategic step towards its goal of creating a leading end-to-end B2B p...

Coca-Cola To Webcast Q4 Earnings On Feb 14 – $KO $DIA $INVO

Reportedly, the Coca-Cola Company (KO) will release the Q4 and full-year 2022 financial results on Feb. 14 before the New York Stock Exchange opens, followed by an investor conference call at 8:30 a.m. ET to discuss the results. The webcast can be reached at www.cocacolacompany.com/investors. Dow...

P&G Raises Full-Year Sales Forecast, Warns High Prices Ahead – $PG $DIA $INVO

As per reports, Procter & Gamble Company (PG) raised its full-year sales forecast and plans to continue inflate prices despite a drop in sales volumes, as high commodity price pressure continue to rise. P&G's sales volumes dropped 6% in its second quarter ended December 31, led by declines i...

P&G To Pay Quarterly Dividend On Feb 15 – $PG $DIA $INVO

As per reports, the board of Procter & Gamble Company (PG) company announced a quarterly dividend of $.9133 per share on the company's Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock. The dividend is payable on or after February 15, 2023, to shareholders as...

Mark Parker Elected As Chairman To Walt Disney Board Succeeding Susan E. Arnold – $DIS $DIA $INVO

As per reports, The Walt Disney Company (DIS) Board announced the appointment of independent director Mark G. Parker as Chairman of the Board, following the Annual Meeting of Shareholders. Mr. Parker, a seven-year member of the Disney Board and Executive Chairman of NIKE, Inc., will succeed Susan E....

Home Depot To Revise Hourly Pay Employees To Exact Time Punches – $HD $DIA $INVO

As per reports, Home Depot, Inc. (HD) informed that it will change its pay policy for hourly employees starting January 16, with associates being paid based on exact time punches. Business Insider first reported on the development, adding that several Home Depot employees filed lawsuits in recent ye...

Friday’s Bounce Secures Weekly Win For Nasdaq Despite Growth Concerns – $AAPL $AMC $ATOS $BRQS $CLLS $DIS $INM $NVDA $TSLA Rise!

Quote of the Day:  "A single twig breaks, but the bundle of twigs is strong." - Tecumseh   Happy Saturday! I hope that you had a solid holiday-shortened week and that you managed to make a fortune in the stock market and otherwise. We stayed relatively dry here in San Francisco and pressed...

Walmart’s Drone Deliveries Program Reports Successful Expansion & Delivery Rate – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc's (WMT) drone delivery program has reached new heights having successfully achieved expansion plans for 2022 and completing more than 6,000 deliveries to customers, over the past year. The retailer now operates, with its vendors, 36 drone delivery hubs across seven st...

J&J’s Spin-Off Kenvue Moves One Step Closer To NYSE Listing – $JNJ $DIA $KVUE $INM $ATOS

As per reports, Kenvue, Johnson & Johnson's (JNJ) newly formed consumer health unit files on the New York Stock Exchange to be listed as an independent company, more than a year after the consumer giant announced its plan to break up into two companies. The filing, for Kenvue will be listed unde...

Visa Schedules Fiscal Q1 2023 Release On Jan. 26- $V $DIA $INM $ATOS

Reportedly, Visa Inc. (V) is to report fiscal Q1 2023 financial results after the market closes, on Thursday, January 26, 2023. The release will be followed by a live audio webcast beginning at 2:00 p.m. PT /5:00 p.m. ET with Visa’s executive management team to discuss financial results and busine...

McDonald’s Sets To Review Business Strategy For Expansion & Restructuring – $MCD $DIA $INVO

Reportedly, Dow 30 component McDonald’s Corporation (MCD) is planning to discuss and review corporate staffing levels and build more restaurants as part of its updated business strategy. The revised new plan requires the company to cancel or "de-prioritize" some initiatives while also accelerating...

Disney To Discuss Fiscal Q1 Earnings On Feb 8 – $DIS $DIA $INVO

Reportedly, the Walt Disney Company (DIS) is scheduled to release their fiscal Q1 2023 financial results after the close of regular trading on Thursday, February 8, 2023, followed by a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT to discuss and review the results. The webcast for the...

#Rising Cost & #Inflation Leads To 3rd Time Price Rise In #Japan’s McDonald’s Menu Within 10 Months – $MCD $DIA $INVO

Reportedly, the Japanese operator of McDonald’s Corporation (MCD) restaurants announced a price hike for the third time in less than a year marking a compounding inflationary pressure on the nation's consumers. McDonald's Holding Company Japan Ltd informed price raise on about 80% of its menu from...

Disinflation Beliefs & Stock Values Grow During #JPM2023 Week – $AMZN $ATOS $BRQS $GME $INM $INVO $SHIP $TSLA Rise!

Quote of the Day: "If one does not know to which port one is sailing, no wind is favorable." - Lucius Annaeus Seneca   Happy Saturday! I hope that you had a wonderful week and that you are out enjoying yourself this long MLK holiday weekend. This week, I spent a great deal of my days tryin...

Stocks Move Higher & Yields Drop To Kick Off 2023 – $AAPL $ATOS $BRQS $DIS $INVO $SHIP Rise!

Quote of the Day: "There is little that can withstand a man who can conquer himself." - Louis XIV   Happy End to the First Week of 2023! I hope that you had a wonderful beginning to your year and that we all have prosperous balance in view. As for the markets this week, we experienced a refr...

Jobless, Interest Rates Climb As Stocks Cruise Lower During Last Few Sessions of 2022 – $INM $INVO $IWC $JPM $TGTX $XBI $XLE Rise!

Quote of the Day: "The limits of the possible can only be defined by going beyond them into the impossible." - Arthur C. Clarke   Happy New Year's Eve! I hope that you had a great week & that you are out ringing in the new year that will hopefully prove to be prosperous to one and all. ...

James Cameron’s ‘Avatar’ Sequel Surpasses $1 Billion In Global Ticket Sales – $DIS $DIA $INVO

As per reports, Disney's (DIS) Avatar: The Way of Water surpassed $1 billion in worldwide ticket sales after two weeks in theaters. The movie reached the sales milestone faster than the other two 2022 global hits Paramount Global's Top Gun: Maverick, and Jurassic World: Dominion, from Comcast Corp....

P&G To Webcast Its Second Quarter 2022-23 Earnings On Jan 19 – $PG $DIA $INVO

As per reports, Procter & Gamble Company (PG) is to webcast its second-quarter earnings on January 19, 2023 beginning at 8:30 a.m. ET. The event can be reached at www.pginvestor.com. The Procter & Gamble Company (PG), a Dow 30 component, supplies branded consumer packaged goods to consume...

Telecom Giant Verizon To Webcast Q4 Earnings On Jan 24 – $VZ $DIA $INVO

Reportedly, telecom giant Verizon Communications, Inc. (VZ) is to release its fourth quarter 2022 earnings on Tuesday, January 24. The webcast will begin at 8:30 a.m. Eastern Time. All presentations and related materials will be available at 7:00 a.m. on Verizon’s Investor Relations website, https...

Stock Market Fails To Deliver A ‘Santa Rally’ This Week, Yet… – $ADT $APE $ATXS $CVX $SHIP $XPON Rise!

Quote of the Day:  "Be faithful in small things because it is in them that your strength lies." - Mother Teresa   Happy Saturday All! I hope that you had a great week and that you are out enjoying the long holiday weekend.  As for the markets this week, we experienced yet another down we...

Will Disney’s Avatar’ Sequel Produce Further Dividends At The Box Office? – $DIS $DIA $INVO

As per reports, "Avatar: The Way of Water" generated $17 million at U.S. and Canadian box offices from its first shows last Thursday night, informed distributor Walt Disney Co. (DIS). However, the sequel generated $134 million at theaters around the globe over the weekend just short of Disney's expe...

Nike Tops Earnings Estimates, Returns $2.1B To Shareholders In Q2 – $NKE $DIA $INVO

Reportedly, NIKE, Inc.'s  (NKE) fiscal 2023 financial results for its second quarter exceeded market estimates, but higher costs squeezed the company’s margins.  Highlights for the 3 months Quarter Ended Nov 30: Earnings per share of 85 cents were reported versus the 64 cents expected. Re...

Stocks Take Another Hawkishly Fed Weekly Hit – $CVX $HZNP $KDNY $XLE Rise!

Quote of the Day:  "The future rewards those who press on. I don't have time to feel sorry for myself. I don't have time to complain. I'm going to press on." - Barack Obama   Happy Saturday All! I hope you all had a wonderful week and that you have your seat all picked out to watch the 202...

Honeywell To Develop Avionics Systems For Hyundai’s Futuristic Air Taxi – $HON $DIA $ATOS $INVO

Reportedly, Hyundai Motor Group's air taxi unit has tapped aerospace supplier Honeywell International Inc. (HON) to develop avionics systems for its eVTOL (electric vertical take-off and landing) aircraft. Under the collaboration, Honeywell will work with Supernal, Hyundai's U.S.-based eVTOL firm, t...

Disney+ To Premier BBC’s “Doctor Who” Outside UK & Ireland – $DIS $DIA $ATOS $INVO

Reportedly, the Walt Disney Company (DIS) streaming service, Disney+ will exclusively stream one of BBC's adored shows "Doctor Who" to audiences outside the U.K. and Ireland. The collaboration between BBC and Disney Branded Television allows Disney to stream the British sci-fi series to audiences ar...

A Sprinkling Of Fed Worries/Global Growth Fears & Tax Loss Swaps Knocked Out Stocks This Week

Quote of the Day:  "By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest." - Confucius   Happy Saturday All! I hope you all had an amazing week & that you have been able to ...

McDonalds Reported Strong Quarterly Earnings As Restaurant Traffic Grew In U.S.A. – $MCD $DIA $ATOS $INVO

Reportedly, McDonald’s Corporation (MCD) Q3 earnings exceeded estimates as traffic to its U.S. restaurants grew. CEO, Chris Kempczinski informed there’s increasing uncertainty and unease about the economic environment. CFO Ian Borden told analysts that inflationary pressures and interest rate hi...

Disney Channel To Be Replaced In Russia By New Children’s Channel “Solntse” – $DIS $DIA $INVO

Reportedly, Disney Channel (DIS) is to stop broadcasting in Russia from December 14 and will be replaced by a new children's channel called "Solntse", which means "sun" in Russian, the Kommersant newspaper reported. In March, the company informed that it would halt all business in Russia over its U...

P&G Quarter Earnings Exceeded Estimates – CFO Warned Slow Growth Ahead – $PG $DIA $ATOS $INVO

Reportedly, Procter & Gamble Company (PG) sales exceeded market estimates as higher pricing helped offset lower sales volume and currency fluctuations. The tide maker expects net sales for the year to drop 1% to 3%, lower than its previous outlook of 2%.  “We feel very good about the consume...

AmEx Quarterly Earnings Improve Amid Strong Spending – $AXP $DIA $ATOS $INVO

As per reports, American Express Company (AXP) third-quarter earnings improved as spending on goods, services and travel kept up despite fears of a potential economic slowdown later in the year. The company now expects to report full-year profit above its prior forecast of $9.25 to $9.65 per share. ...

FedEx CEO Raj Subramaniam Joins P&G’s Board – $PG $DIA $ATOS $INVO

Reportedly, Procter & Gamble Company (PG) has elected Rajesh Subramaniam, president, and CEO of Fortune 50 company FedEx Corp to the board. Subramaniam began his career with FedEx in 1991, prior to being named CEO in June, he served as president and chief operating officer. “Raj brings to P&a...

Fed Chair Empowers Weekly Stock Market Continuation – $ADT $AMC $FATE $HL $KDNY $TSLA $XBI Rise!

Quote of the Day:  "No man was ever wise by chance." - Lucius Annaeus Seneca   Happy Saturday All! I hope you ll had a great week and enjoyed the balance of the group stage of the 2022 World Cup. Congratulations to Team USA that is now scheduled to play Netherlands in the knock out stage ...

Visa Recently Beat Quarterly Estimates As Consumers Spent ‘Huge’ On Travel – $V $DIA $ATOS $INVO

Reportedly, Visa Inc (V) had better-than-expected quarterly earnings as more Americans took advantage of a stronger dollar and flew to international destinations, and splurged on shopping and entertainment. Transactions increased 12% on a constant dollar basis to 50.9 billion in the fourth quarter t...

Disney Delays Release Dates Of Several Marvel Movies – $DIS $DIA $ATOS $INVO

Reportedly, Walt Disney Company (DIS) pushed back the release dates for several upcoming Marvel films including, "Blade," "Fantastic Four" and "Avengers: Secret Wars." In September, "Blade" director Bassam Tariq departed from the project due to a scheduling difference. Following his departure Marve...

Verizon’s Q3 Profits Take Hit As Subscribers Drift – $VZ $DIA $ATOS $INVO

Reportedly, Verizon Communications, Inc. (VZ) reported a 23% slide in third-quarter profit and missed market estimates for wireless subscriber additions, as several customers opted for cheaper plans from rivals AT&T Inc and T-Mobile US Inc. Verizon witnessed the loss of 189,000 monthly bill-payi...

Bottler Coca-Cola HBC Remains Confident On 2022 Profit Outlook – $KO $DIA $INVO

As per reports, Soft drinks bottler Coca-Cola Company (KO) HBC AG raised its full-year profit forecast as increasing prices helped the soft drinks bottler to keep sales steady. Sky-high inflation has pinched household budgets and forced consumers to cut down spending, but packaged food makers are ex...

Coca-Cola Raises Outlook Remains Confident Amid Price Raise – $KO $DIA $ATOS $INVO

Reportedly, Coca-Cola Company (KO) has raised its annual forecast as the soda giant gains from multiple price increases that have so far failed to bring the demand down. On an adjusted basis, Coca-Cola earned 69 cents per share on net revenue of $11.1 billion. Analysts were expecting 64 cents per s...

Disney Attracts U.S. Disney+ Customers With Early Merchandise Access $DIS $DIA $ATOS $INVO

As per reports, U.S. subscribers to the Disney+ streaming service will be able to purchase new Star Wars lightsabers, Black Panther masks, and other merchandise, as an offering as a limited test of an additional benefit for streaming customers looking to grab products created for the holiday shoppin...

Coca Cola Announces Quarterly Dividend & Election Of 3 New Officers – $KO $DIA $ATOS $INVO

As per reports, the Board of Directors of the Coca-Cola Company (KO) announced the election of three new corporate officers, Felix Poh, Neeraj Tolmare, and Mark Westfall as the vice president. All three leaders started their current positions on October 1, and their elections as corporate officers a...

Disney’s Media & Entertainment Distribution Chairman Kareem Daniel Elected To McDonald’s Board – $MCD $DIS $DIA $INVO

As per reports, McDonald’s Corporation (MCD) announced the appointment of Kareem Daniel as an independent Director of the Board, effective October 1, 2022. Mr. Daniel currently serves as Chairman, of Disney Media and Entertainment Distribution at The Walt Disney Company, leading the organizatio...

Walt Disney Appoints Veteran Carolyn Everson To Its Board – $DIS $DIA $INVO

As per reports, the Walt Disney Company (DIS) announced the appointment of Carolyn Everson, a veteran media and technology executive, to its Board of Directors, effective November 21. Ms. Everson will be included in the Company’s slate of director nominees in the proxy statement for Disney’s 202...

Apple Seeking To Expand Live TV Advertising Around MLS Games Next Year – $AAPL $DIA $INVO

Reportedly, Apple (AAPL) is gearing up to expand its advertising network for live television in an attempt to stream Major League Soccer (MLS) games next year. The company is in talks with advertising partners and MLS sponsors in advance of the launch next February about airing advertisements during...

Nike To Host Q2 Earnings Call On Dec 20 – $NKK $DIA $INVO

Reportedly, NIKE, Inc. is to announce its second quarter fiscal 2023 earnings on December 20, 2022, at approximately 1:15 p.m. PT, followed by a conference call beginning at 2:00 p.m. PT to review the results with the management team. The call can be reached at http://investors.nike.com. NIKE, Inc....

Disney Reported Disappointing Quarter Earnings – $DIS $DIA $INVO

Reportedly, the Walt Disney Company (DIS) added 12.1 million Disney+ subscribers and 14.6 million total direct-to-consumer customers in its fiscal fourth quarter, exceeding estimates. Total quarterly Disney revenue of $20.1 billion missed the average analyst estimate by nearly $1 billion. Net operat...

Thanksgiving Holiday-Shortened World Cup Filled Week Produces Positive Returns – $ADT $ATOS $BBY $DIS $JPM $SHIP Rise!

Quote of the Day:  "Progress is man's ability to complicate simplicity." - Thor Heyerdahl   Happy Saturday All! I hope that you are enjoying the long Thanksgiving holiday weekend and that you are taking in your favorite festivities and games including those from 2022 World Cup that are bei...

Nike Announces Quarterly Dividend Raise – $NKE $DIA $INVO

Reportedly, Nike's board announced a quarterly cash dividend of $0.340 per share on the company’s outstanding Common Stock payable on December 28, 2022, the dividend represents an increase of 11 percent. The dividend is payable to shareholders as of December 5, 2022.   NIKE, Inc. (NKE) is t...

Disney’s “Disenchanted” To Begin Streaming On Disney+ Starting November 18 – $DIS $DIA $INVO

Reportedly, The Walt Disney Company (DIS) sequel film “Disenchanted” premiered in Hollywood following its predecessor, “Enchanted,” by flipping the narrative of typical Disney fairytales. “Enchanted,” the tale of a cartoon princess being transported to modern-day New York, was released i...

Bob Iger ReAppointed As Disney CEO! – $DIS $DIA $INVO

Reportedly, The Walt Disney Company (DIS) has re-appointed Disney veteran Bob Iger as its chief executive officer after he retired last year, in an attempt to revive investor confidence and profits at its streaming media unit amid the economic turmoil. Iger stayed at Disney through 2021 to ease the ...

McDonald’s Kazakh Franchisee Suspends Operations Amid Supply Issues – $MCD $DIA

As per reports, The Kazakh franchisee of U.S. fast food chain McDonald's (MCD) has suspended operation of all its restaurants from Nov 18 "due to restricted local supplies", the company, Food Solutions KZ informed. No details on the supply restrictions, and when its 24 outlets could reopen in the n...

Walmart Raises Annual Sales Forecast As Consumer Demand Remain Strong – $WMT $DIA $INM

Reportedly, Walmart Stores, Inc. (WMT) raised its annual sales and profit forecast as demand for groceries continued to remain strong despite higher prices. The retailer also raised its full-year net sales expectations ahead of the holiday season, announcing a new $20-billion share buyback plan. Wa...

Disney Shanghai Announces Re-Opening Of Some Parts Of The Resort – $DIS $DIA $INM

Reportedly, the Shanghai Disney Resort is to open some parts of the resort this week, but the main Disneyland park would stay shut until further notice. The entertainment resort was closed on Oct. 31 after a visitor tested positive for COVID-19. "Disneytown, Wishing Star Park and Shanghai Disneylan...

P&G Announced Webcast Of Investor Day 2022 – $PG $DIA $INVO

As per reports, The Procter & Gamble Company (PG) to webcast the presentation from the P&G Investor Day 2022 in Cincinnati, Ohio on Thursday, November 17, 2022, beginning at 2:00 p.m. ET.  The live audio webcast at www.pginvestor.com starting 2:00 P.M. ET. Chairman of the Board, President...

Recently Disney Froze Hiring As Economic Uncertainty Continues – $DIS $DIA $INVO

As per reports recently, Walt Disney (DIS) is set to freeze hiring and cut some jobs as it struggles to move the Disney+ streaming service to profitability amid economic uncertainty. The move came after Disney missed estimates for quarterly earnings as the entertainment giant racked up more losses f...

Walmart To Release Third-Quarter Earnings – $WMT $DIA $INVO

Reportedly, Walmart (WMT) to release its third-quarter earnings at 6 a.m. CST on November 15, followed by a live conference call with the Investment Community at 7 a.m. to discuss the company’s third-quarter earnings results for the fiscal year 2023. Web: Live webcast will be available at the lin...

Disney To Host Fiscal Full Year & Q4 2022 Financial Results – $DIS $DIA $INVO

As per reports, the Walt Disney Company announced the release of the fourth quarter of 2022 and fiscal full year and earnings on Tuesday, November 8, 2022, after the close of regular trading. The release will be followed by a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT and can be rea...

Nike Recently Ended Ties With Kyrie Irving, The Brooklyn Nets Star – $NKE $DIA

Reportedly, NIKE, Inc. (NKE) has recently withdrawn from its relationship with Kyrie Irving, the Brooklyn Nets star, and canceled its next Irving-branded shoe release, Kyrie 8 after his promotion of an anti-Semitic documentary. The Nets had already suspended Irving for at least five games over the a...

Verizon Announces Earnings Release Date

As per reports, Verizon Communications, Inc. (VZ)  will report third-quarter 2022 earnings on Friday, October 21. The company will present results on a webcast beginning at 8:30 a.m. Eastern Time.  Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technolo...

Intel Ties With Google Cloud Introducing Secure & Improved Chip For Data Centre – $INTC $GOOG $DIA $BRQS $INVO

Reportedly, Intel Corporation (INTC) and Alphabet Inc's Google Cloud have launched a co-designed chip to make data centers more secure and efficient. The E2000 chip, code-named Mount Evans, takes over from the expensive central processing units (CPU) that do the main computing, for the work of packa...

Nike Partners With Britain’s JD Sports – $NKE $DIA $INVO

Reportedly, JD Sports Fashion, Britain's biggest sportswear retailer has extended its deal with sportswear giant Nike Inc. (NKE) giving its customers access to more of the U.S. brand's footwear and apparel. The partnership would be Nike's first European retail partner for its Connected Partnership l...

Disney’s ESPN Reportedy Talks With DraftKings Over Capitalizing Sports Betting

Reportedly, Walt Disney Co's (DIS) ESPN is in close talks to enter a new partnership deal with sports-betting firm DraftKings Inc. The collaboration will allow the sports broadcaster to capitalize on the growing wave of legalized sports betting. ESPN has been looking to license its brand to major s...

Walmart’s Starts Testing Its Electric Delivery Vehicles In Dallas – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc. (WMT) has begun deploying the Canoo vans in the Dallas-Fort Worth metroplex area for deliveries to Walmart+ in-home service customers to test their configuration before an anticipated nationwide rollout in 2023. In mid-July, Walmart entered an agreement with Canoo to...

Verizon Announces Quarterly Dividend Raise – $VZ $DIA $INVO

Reportedly, the Board of Verizon Communications, Inc. (VZ) announced an increase of 1.25 cents per share in its dividend from the previous quarter. The quarterly dividend of 65.25 cents per outstanding share is payable on November 1, 2022, to shareholders as of October 7, 2022. “Our consistently ...

Payment Giants Visa, Mastercard, Amex Urged By Officials To Track Gun Sales – $V $MA $AXP $DIA $INVO

As per reports, top New York City and California pension officials have asked payments processors Visa Inc. (V), Mastercard Inc (MA) , and American Express Company (AXP) to create a new tool to track suspicious gun purchases. Brad Lander, Staff for New York City Comptroller overseeing pension funds,...

McDonalds Appoints Jon Banner As Its Chief Impact Officer – $MCD $DIA $INVO

Reportedly, McDonald’s Corporation (MCD) has appointed Jon Banner as its new Executive Vice President and Global Chief Impact Officer, reporting directly to CEO, Chris Kempczinski and serving the company's Global Senior Leadership Team, effective September 6. Prior to joining the burger giant, J...

Are Walmart’s Sam Club Membership Fees Getting Too Expensive? – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc. (WMT) has increased annual fees for both tiers of its Sam's Club memberships with effect from October 17. Annual membership fees will increase to $50 from $45 for Club members, and to $110 from $100 for Plus members. The price hikes come as new brands enter the club,...

Netflix Rolling Out $7-$9 Per Month Ad-Supported Subscription – $NFLX $INVO

As per reports, Netflix Inc. (NFLX) is planning to charge about $7 to $9 per month for its new advertising-supported subscription plan. The budget-friendly option is to be introduced in the year's final three months across at least half a dozen geographies. However, the full rollout may have to wait...

McDonald’s Japan Menu To More Expensive Amid Higher Input Costs & Weaker Yen – $MCD $DIA $INVO

Reportedly, Japan's McDonald’s Corporation (MCD) fast food restaurants have raised prices on about 60% of its menu amid rising input costs and exchange-rate fluctuations. It marks the company's second set of price increases this year as Japan deals with inflationary pressures and a drop in the yen...

Beaverton, Oregon-based Nike To Pay Quarterly Dividend On Oct 3 – $NKE $INVO $DIA

Reportedly, the board of NIKE, Inc. (NKE) announced a quarterly cash dividend of $0.305 per share on Common Stock (Class A and Class B) to stockholders as of September 6, 2022. The dividend will be paid on October 3, 2022.   NIKE, Inc. (NKE) is the world’s top designer, marketer, and dist...

Jennifer Mann To Succeed As The President For North America Operating Unit Of Coca-Cola – $KO $DIA $INVO

As per reports, Jennifer Mann is to succeed Alfredo Riveraas as the Coca-Cola Company (KO) president for North America operating unit effective Jan. 1, 2023. Alfredo Rivera, 61 who will step down on Dec. 31 has led the North America operating unit since August 2020 and will continue with the beverag...

Is Apple Shifting iPhone 14 Production To India Away From China? -$AAPL $DIA $INVO

Reportedly, Apple (AAPL) has begun producing its iPhone 14 model in southern India less than a month after it was launched, as the iPhone giant is looking for ways to diversify its supply chains out of China and expand production in India, as geopolitical tension rises between Washington and Beijing...

Disney Star Bags Right To Broadcast ICC Events In India For Next Five Years – $DIS $DIA $INVO

Reportedly, Disney Star will broadcast International Cricket Council (ICC) events in India after bagging the digital rights to both men's and women's global competitions through to the end of 2027. The tender, bidding, and evaluation process began in June. "We are delighted to continue to partner w...

J&J’s Consumer Health Business Dubbed ‘Kenvue’ Ahead Of Spin Off – $JNJ $DIA $INVO

Reportedly, Johnson & Johnson (JNJ) has named its consumer business Kenvue moving ahead with its plans to spin off the unit. The unit has faced nearly 40,000 lawsuits alleging its baby powder and other talc products contained asbestos later linked to mesothelioma and ovarian cancer in women usin...

Honeywell Appoints Former CEO Of John Wood Group PLC To Its Board – $HON $DIA $INVO

As per reports, Honeywell (HON) has elected Robin Watson, 55, former Chief Executive Officer of John Wood Group PLC, as an independent director to its board. Prior to joining Wood, Watson was a director and senior manager at Petrofac, working in a variety of service roles and investment delivery. He...

Disney In Talks To Launch Membership Program For Its Customers – $DIS $DIA $INVO

As per reports, Walt Disney Company (DIS) is exploring a membership program that could offer discounts or perks to encourage customers to spend more on its streaming services, theme parks, resorts, and merchandise. The discussions at Disney are in the early stages and much was not known about how th...

Walgreens Acquires Majority Share Of CareCentrix – $WBA $DIA $INVO

Reportedly, Walgreen Boots Alliance (WBA) announced the complete acquisition of the majority share of CareCentrix, Inc., a leading independent home-centered platform that coordinates care to the home for health plans, patients, and providers. The partnership enhances Walgreens trusted health servi...

Disney Turns Down Activist Loeb’s Call For ESPN Spin-Off – $DIS $DIA $INVO

Reportedly, Walt Disney Company (DIS) chief executive Bob Chapek has rejected Daniel Loeb, a billionaire activist investor offer to sell or spin off the ESPN sports television network. In August, Loeb disclosed a stake of roughly $1 billion in Disney and announced plans to push the entertainment gi...

Walgreens Adds Technology Expert Hsiao Wang As New CIO – $WBA $DIA $INVO

Reportedly, Walgreen Boots Alliance (WBA) has named technology expert Hsiao Wang as its new CIO and added IBM global chief data officer Inderpal Bhandari to its board of directors. Wang succeeds Francesco Tinto as CIO and will assume his new role on September 26, reporting to CEO Roz Brewer as a mem...

Walmart Recently Beat Wall Street’s Quarterly Estimates – $WMT $DIA $INVO

Reportedly, Walmart Stores, Inc. (WMT) exceeded second-quarter earnings reporting adjusted earnings of $1.77 per share versus $1.78 a year earlier. Revenue grew 8.4% to $152.9 billion. Analysts predicted Walmart's earnings to drop 9% to $1.62 per share. "The actions we've taken to improve inventory...

Coca Cola’s Platform Services Unit To Undergo Restructuring, Chief Barry Simpson Steps Down – $KO $DIA $INVO

The Coca-Cola Company (KO) announced that Barry Simpson will step down from his role as the chief Platform Services officer on September 30 and will remain with the company as a senior advisor through February 2023. The company’s Platform Services was created in 2021, and since then Simpson, 62, h...

McDonald’s Increasing Support To The Chicago Community Impact Grants Program For Youth – $MCD $DIA $INVO

As per reports, McDonald’s Corporation (MCD) is set to invest in 40 Chicago-based nonprofit organizations addressing some of the city's most pressing needs for Opportunity Youth through its Chicago Community Impact Grants Program, developed in partnership with The Chicago Community Trust (the Trus...

Alethia Jackson Named Senior VP, ESG & Chief DEI Officer For Walgreens – $WBA $DIA $INVO

Reportedly, Alethia Jackson has been named senior vice president, environmental, social, and governance (ESG), and chief diversity, equity, and inclusion (DEI) officer for the U.S. Jackson will report to the executive vice president, and global chief human resources officer, Holly May, Walgreens Boo...

Disney Cruise Line Eases Covid Protocols For Passengers – $DIS $DIA $INVO

As per reports, The Walt Disney Co.'s (DIS) Disney Cruise Line has dropped the mandatory Covid-19 tests prior to sailing. Beginning September 23, fully vaccinated passengers on the Disney Wonder, Disney Dream, Disney Fantasy and Disney Wish no longer will need to provide a Covid-19 test prior to sai...

Home Depot CEO Ted Decker To Replace Craig Menear As Chair – $HD $INVO $DIA

As per reports, The Home Depot (HD) announced that Edward "Ted" Decker, CEO & President has been elected as chair of the board, effective Oct. 1, 2022, succeeding Craig Menear, who will retire as chair effective Sept. 30, 2022. Decker, a 22-year veteran of The Home Depot, joined the company in...

Home Depot Announces Q2 Cash Dividend & $15B Share Repurchase Plan- $HD $INVO $DIA

Reportedly, the board of The Home Depot, Inc. (HD) announced a second quarter cash dividend of $1.90 per share,  payable on September 15, 2022. The dividend is payable to shareholders as of September 1, 2022. The board also authorized a new $15 billion share repurchase program, replacing its prev...

P&G To Introduce Bamboo-Based Environment Friendly Toilet Paper In 2022 – $PG $INVO $DIA

As per reports, Procter & Gamble Company is developing bamboo-based toilet paper to reduce its reliance on wood pulp, as the consumer giant is under mounting pressure from environmental groups. The company disclosed that it has developed a new Charmin Ultra Eco product made from bamboo fibers an...

Diversified Health & Well-Being Co. UnitedHealth Group Announces Quarterly Dividend – $UNH $ATOS $INVO $DIA

Reportedly, the board of the UnitedHealth Group Incorporated (UNH) announced a cash dividend of $1.65 per share, payable on September 20, 2022. The dividend is payable to common stock shareholders as of September 12, 2022. Dow 30 component UnitedHealth Group Incorporated (UNH) operates as a div...

Apple Suppliers Preparing To Introduce Vietnam As Its Latest Production Unit – $AAPL $INVO $DIA

As per reports, Apple Inc's (AAPL) suppliers are in talks to produce the Apple Watch and MacBook in Vietnam for the first time. Apple's Chinese suppliers Luxshare Precision Industry and iPhone assembler Foxconn have started test production of the Apple Watch and MacBook in Northern Vietnam. The iPho...

MacBook Assembler Quanta Computer Profits Drop Amid Shanghai Unit Disruptions – $AAPL $DIA $SPY

Reportedly, Apple Inc. (AAPL) MacBook assembler Quanta Computer Inc. reported declining profits amid Covid disruptions at its Shanghai campus. Net income stood at NT$3.96 billion ($132 million), down by 50%. Sales stood at NT$270.5 billion, versus the average analyst estimate of NT$258.4 billi...

Coca-Cola HBC Reports Losses Due To Suspension Of Russian Operations – $HKO $DUA

As per reports, Coca-Cola HBC AG informed that it incurred a one-time hit of 190 million euros ($195.36 million) in the first half due to costs related to its business in Russia after it halt the sale of Coca-Cola drinks in the country following the Ukraine war. Coca-Cola holds more than a 20% stake...

Walmart In Close Talks With Media Giants On Streaming Deal – $WMT $DIA $DIS

Reportedly, Walmart Stores, Inc. (WMT) is in talks with media companies about including streaming entertainment in its membership service. Executives from Paramount, Walt Disney Co (DIS), and Comcast Corp, which operate several major streaming services, have in recent weeks spoken with the U.S. ret...

Home Depot Q2 Earnings Beat Estimates, Reaffirms Guidance – $HD $DIA

Reportedly, The Home Depot, Inc.'s (HD) second-quarter earnings beat estimates and management reaffirmed guidance, even as unsold inventory stack up. The home improvement retailer exceeded quarterly earnings estimates since the first quarter of 2020 and hasn't missed revenue predictions since Q3 201...

Nike’s Jordan Brand Enters 20-Year Partnership With Howard University – $NKE $DIA

As per reports, NIKE, Inc. (NKE) Jordan brand announced a 20-year partnership with Howard University aimed to create academic and athletic opportunities elevating the best of the Black community. The partnership is tied to Michael Jordan and the Jordan brand’s $100 million commitment to racial equ...

McDonalds In Talks To Reopen Restaurants In Ukraine – $MCD $DIA

As per reports, McDonald’s Corporation (MCD) to soon reopen its restaurants in Ukraine even as the conflict with Russia continues. However, the fast-food giant did not specify how many outlets it plans to reopen. Previously it had 109 restaurants in Ukraine. It plans to begin restaurant reopenings...

Home Depot Links With ‘BDR’ Supporting Supplier Diversity – $HD $DIA

Reportedly, The Home Depot, Inc. (HD) has joined the Billion Dollar Roundtable Inc. (BDR), a nonprofit organization that promotes supplier diversity excellence and best practices. The BDR consists of U.S.-based corporations that spend $1 billion or more annually with minority and woman-owned supplie...

Walmart Announces Job Cut In Corporate Roles As A Part Of Restructuring Effort – $WMT $DIA $ATOS

Reportedly, Walmart Stores, Inc. (WMT) is cutting hundreds of corporate roles as a part of its restructuring effort. Around 200 jobs are being cut, Walmart notified employees in its Bentonville, Arkansas headquarters and other corporate offices of its restructuring move. "We're updating our structu...

Walmart Announces Release date Of Q2 Earnings – $WMT $DIA

As per reports, Walmart Stores, Inc. is to release its second-quarter earnings results at 6 a.m. CDT on Aug. 16 followed by a live conference call with the Investment Community at 7 a.m. CDT to discuss the company’s results. The call will be hosted by Doug McMillon, president and chief executive o...

Brian Rice To Join As Executive VP & Global Chief Information Officer Of McDonald’s – $MCD $DIA

Reportedly, Brian Rice is joining McDonald's (MCD) as Executive Vice President and Global Chief Information Officer, effective August 31 reporting directly to CEO, Chris Kempczinski, and will serve on our Global Senior Leadership Team. Rice has diverse experience leading enterprise technology team...

Verizon Ties With Disney Offering Free 6-Months Of Disney+ To Prepaid Unlimited Plans – $VZ $DIS $DIA

Reportedly, Verizon Communications, Inc. (VZ) is offering Disney+ to prepaid wireless customers free for six months when they activate or upgrade to Prepaid Unlimited plans. Verizon has already offered a six-month-free deal to customers on qualifying postpaid unlimited plans. Now it’s extending th...

Coca-Cola Reports Strong Quarter Driven By Higher Sales & Pricing * Increases Guidance – $KO $DIA

As per reports, Coca-Cola Company (KO) quarterly earnings exceeded estimates as the beverage giant’s sales at restaurants, theatres, and other venues revived from the pandemic. The company also raised prices to manage higher costs on freight, high fructose corn syrup, and aluminum. The beverage g...

McDonald’s Q2 Earnings Beat Estimates * Net Sales Hurt By Closure In Russian & Ukraine Restaurants – $MCD $DIA

McDonald’s Corporation (MCD) quarterly earnings exceeded estimates as price hikes helped offset higher costs and restaurant closures in Ukraine and Russia. Quarter Highlights: The burger giant reported adjusted earnings per share of $2.55 for the second quarter. Revenue stood at $5.72 billi...

Bellwether Co. Walmart Lowers Profit Forecast As Consumer Behavior Changes Amid Rising Food & Fuel Prices – $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) cut its quarterly and full-year profit guidance weeks ahead of its earnings report, as inflation is causing shoppers to reportedly spend more on necessities such as food and less on items like clothing and electronics. The shift in spending has left more items ...

Tesla’s New Factory Outside of Berlin Exceeded 1,000 Cars Per Week In June – $TSLA $SPY

Tesla (TSLA) released quarterly earnings, reporting adjusted earnings per share of $2.27 versus the $1.81 expected, and revenue of $16.93 billion was reported versus $17.1 billion expected. Automotive gross margin came in at 27.9%, down from 32.9% last quarter and 28.4% a year ago, and was hit by in...

Virginia International Terminals Taps Verizon For Private 5G Network – $VZ $DIA

Reportedly, Verizon Business (VZ) has entered an agreement with Virginia International Terminals, LLC (VIT) to build a private 5G Ultra Wideband network at one of The Port Of Virginia’s main container terminals. The deal is Verizon Business’ second with a major international port and its first w...

John Murphy To Succeed Brian Smith As President Of Coca-Cola Company – $KO $DIA

As per reports, John Murphy will become president and CFO, of Coca-Cola Company (KO) effective October 1. Murphy, who currently serves as executive vice president and CFO, will add the president role following the retirement of Brian Smith. Smith, 66, has served as president and COO since 2019 and w...

Coca Cola Announces Quarterly Dividend Payable On Oct. 3, 2022- $KO $DIA

Reportedly, the board of  Coca-Cola Company announced a dividend of 44 cents per common share. The dividend is payable to the company's shareholders as of Sept. 16, 2022. The dividend is payable on Oct. 3, 2022.   Dow 30 Component, The Coca-Cola Company (KO), is the largest total beverage ...

Verizon Lowers Yearly Guidance Amid Disappointing Subscriber Growth – $VZ $DIA

Reportedly, Verizon Communications, Inc. (VZ) reported June-quarter adjusted earnings that missed estimates as it added fewer postpaid wireless phone subscribers than expected. For the quarter, Verizon earnings came in at $1.31 a share, excluding items, and revenue increased 3% to $33.8 billion, bea...

Disney’s Sports Streaming Platform ESPN+ Raises Subscription Fee – $DIS

As per reports, Disney's (DIS) sports streaming platform ESPN+ subscription will now cost $9.99 per month, and the annual subscription will go up to $99.99 from $69.99, as the streaming giant has increased its monthly subscription fee by $3 a month, reporting a 43% hike. Starting, on August 23 the ...

Jill McDonald To Rejoin McDonalds Leading Its International Operations – $MCD $KO $DIA

Reportedly, Jill McDonald is set to return to McDonald’s Corporation (MCD) starting Sept. 5 as executive vice president and president of owned international markets, overseeing the company’s wholly owned international operations. She will step down as CEO of Coca-Cola-owned British coffeehouse c...

P&G Announces Quarterly Dividend Payable August 15, 2022 – $PG $DIA

As per reports, the Board of the Procter & Gamble Company (PG) declared a quarterly dividend of $0.9133 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock payable on or after August 15, 2022, to shareholders as of July 22, 2022.   The...

Disney Announces Release Of Fiscal Q3 Earnings On August 10, 2022- $DIS $DIA

Reportedly, the Walt Disney Company to release its fiscal third-quarter 2022 results after the close of regular trading on Wednesday, August 10, 2022, followed by a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT. The webcast can be reached at www.disney.com/investors.    Dow 3...

Disney To Feature Korean Pop Band BTS Documentary Series On Its Streaming Services – $DIS

Reportedly, Walt Disney Company (DIS) announced that it is featuring a documentary series and concert featuring K-pop band BTS on the company's streaming services. The series "BTS Monuments: Beyond the Star" is expected to debut next year and will include footage and music of the South Korean group ...

Disneyland’s Social Media Accounts Hacked? – $DIS $DIA

Reportedly, Disneyland (DIS) Resort's Facebook and Instagram accounts were hacked earlier on Thursday with a number of inappropriate posts that were subsequently taken down, the company informed.  "We worked quickly to remove the reprehensible content, secure our accounts, and our security teams a...

Walmart To Levy Pickup Fees From Some Suppliers As Fuel & Labor Cost Rise – $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) to start charging some of its suppliers new fees to transport goods to its warehouses and stores in response to rising fuel and transportation costs from next month. The company will charge a "collect pickup charge" calculated as a percentage of the cost of...

Nike & Fanatics Expanding Partnership Starting Summer 2024 – $NKE $DIA

As per reports, NIKE, Inc. (NKE)  is expanding its relationship with Fanatics Brands, the company’s in-house apparel and manufacturing division. The expansion will make the brand the licensee for Nike fan apparel and headwear for a select group of leading colleges and universities, starting summ...

Beverage Giant Coca-Cola Schedules Release Of Q2 Earnings For July 26 – $KO $DIA

Reportedly, Dow 30 component The Coca-Cola Company (KO), announced it will release its second-quarter 2022 financial results on July 26 before the New York Stock Exchange opens, followed by an investor conference call at 8:30 a.m. ET. Interested parties can join a webcast at the company's website. ...

3M Announces Sell Of Southeast Asia Neoplast & Neobun Brands To Selic Corp PCL – $MMM $DIA

As per reports, 3M Co (MMM) is to exit its Neoplast and Neobun brands in Thailand and some other Southeast Asian countries and sell manufacturing assets at its Ladlumkaew plant, as part of its strategic portfolio management. The brands and the assets from its Thailand-based Ladlumkaew plant will be...

Coca-Cola Announces Collaboration With DJ Marshmello – $KO $DIA

As per reports, beverage giant Coca-Cola Company (KO) is teaming up with DJ and music producer Marshmello in a limited-edition offering. The upcoming flavor is likely to come as a surprise and is created with a mix of the artist’s favorite flavors, strawberry, and watermelon along with the classic...

Disneyland Shanghai Re-Opens After 3-Month Of Covid Closure – $DIA $DIS

Reportedly, Walt Disney Co's Shanghai Disney (DIS) Resort theme park opened after the closure of three months, with face masks and social distancing in effect. The park shut on March 21 as cases increased in the Chinese business hub, leading to a two-month-long citywide lockdown that eased on June 1...

P&G Announces Change In Timing For The Webcast Of Q4 Earnings July 29- $PG $DIA

As per reports, the Procter & Gamble Company has announced changes in timing for the webcast of its Q4 earnings results to 9:00 a.m. ET instead of 8:30 a.m. ET on July 29, 2022. Interested parties may access the live audio webcast at www.pginvestor.com, beginning at 9:00 a.m. ET.  The Procte...

Walgreens Q3 Earnings Beat Estimates Stays Steady On Full-Year Earnings Estimates – $WBA $DIA

As per reports, Walgreen Boots Alliance (WBA) recently exceeded Was Street's quarterly estimates. The strength in earnings was driven by their UK-based Boots business. However, Walgreens has only maintained its full-year earnings forecast pointing toward the decreasing amount of COVID vaccinations a...

Walmart Offers Enhanced AR Experience To Its Customers With New Features On App – $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT)  has added two augmented reality (AR) features to its app, one that allows customers to view furniture and home décor items in their homes before purchasing and another for shoppers to use in-store to view key product information. The feature will initially b...

McDonald’s Announces Top Executive Changes – $MCD $DIA

As per reports, McDonald's Corp (MCD) has named company veteran and president of its international business, Ian Borden, as finance chief, succeeding incumbent Kevin Ozan, who is set to retire in mid-2023. With 30 years of association with the company, Borden will take charge on Sept. 1, while Ozan...

Walgreens Pulls Out Boots Sale Amid Turbulent Credit Market – $WBA $DIA

As per reports, Walgreen Boots Alliance (WBA) has abandoned the sale of its Boots drugstore chain that was expected to bring +$6B after failing to secure the desired valuation for the UK business amid an unstable credit market. The healthcare group had been in talks with a consortium between Relian...

Disney Withdraws Disney+ Streaming Deal With YES, Israel’s Telecom’s Satellite TV Unit – $DIS $DIA

Reportedly, Israel's Competition Authority has closed a case against Walt Disney (DIS) and YES, Bezeq Israel Telecom's satellite TV unit after the companies agreed to cancel an exclusive streaming deal. The companies applied for permission from the Competition Authority.   Earlier this month, Dis...

Bob Chapek To Continue As CEO As Disney Adds Contract Renewal – $DIS $DIA

As per reports, the board of Walt Disney Co (DIS) has unanimously voted to extend Chief Executive Officer Bob Chapek's contract for three years showing a major vote of confidence in his leadership. Chapek's current contract was set to expire in February. In February 2020, Chapek, 63, became Disney'...

McDonald’s Adding Greater Clarity, Transparency, & Consistency Into FranchisingProcess – $MCD $DIA

Reportedly, McDonald’s Corporation (MCD) is building new rules for franchisees, including performance reviews every 20 years to bring "greater clarity, transparency, and consistency into our franchising process." Joe Erlinger, president of the Chicago-based burger giant announced the changes info...

McDonald’s & Adyen, A Global Fintech Platform To Continue Mobile App Partnership To The U.S – $DIA $MCD

Reportedly, McDonald's Corporation (MCD) is expanding its partnership with Adyen, the global financial technology platform for the expansion of mobile app partnership to the U.S.   "As consumer demand evolves, Adyen has responded to our needs in a rapidly changing market. Adyen has handled ...

Nike’s Q4 Earnings – $NKE $DIA

NIKE, Inc. (NKE) reported fourth-quarter earnings, which surpassed some analysts’ estimates and overcame supply-chain pressures that have lingered, however the sports giant said it expects gross margin to be flat to down 50 basis points. “We did take a cautious approach to Greater China. And we...

P&G Schedules Q4 Release On July 29

As per reports, the Procter & Gamble Company (PG) is scheduled to announce its Q4 earnings results on July 29, 2022, starting at 8:30 a.m. ET. The live webcast of the event can be reached at www.pginvestor.com starting at 8:30 a.m. ET.   The Procter & Gamble Company (PG), a Dow 30 c...

The New Russia McDonald’s Owner Sets To Reopen & Expand – $MCD $DIA

Reportedly, McDonald’s Corporation (MCD) Russia aims to reopen all restaurants in two months, its new owner Alexander Govor informed further adding his aim to expand to 1,000 locations from the 850 he took over last month. In May, McDonald's Corp sold the restaurants to Govor, one of its licensees...

Walmart Announces The Construction of 4 E-Commerce Warehouses Creating +4k Jobs – $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) to build four new e-commerce warehouses in a push to speed deliveries, with the help of an automated system to pick out items while also creating more than 4,000 jobs. The company informed, in combination with traditional fulfillment centers, that the new f...

Samsung’ 2022 Smart TV Users Can Now Enjoy Xbox Games Sans Console – $MSFT $DIA

Reportedly, Microsoft Corp (MSFT) will include several Xbox games in Samsung's 2022 smart TVs from June 30 in a crucial step towards attracting gamers without the console. Subscribers to Xbox's cloud-gaming service can play more than 100 titles on the TVs, which will be able to pair with Bluetooth-e...

Billionaire Investor Carl Icahn Ends Proxy Fight Over Kroger’s Pig Policy – $MCD $KR $DIA

As per reports, Billionaire investor Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at Kroger Co. (KR) after losing a similar fight with McDonald's Corp last month.  "I congratulate the McDonald's team on their victory in this proxy engagement and, after much contem...

Walmart Adds “Progressive Wage Model” For Pharmacy Workers – $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) announced an increase in the average pay of pharmacy workers to more than $20 per hour and offer more frequent and automatic pay raises as part of a new "progressive wage model" to address the rising concern of a tight domestic labor market. The raises will be...

Walmart & Roku Partnering To make TV Streaming The next E-commerce Shopping Destination – $ROKU $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) and America’s #1 TV streaming platform, Roku, Inc. (ROKU) have entered a first-of-its-kind partnership making TV streaming the next e-commerce shopping destination. Walmart as an exclusive retailer will enable streamers to purchase featured products fulfilled...

Nike Announces To End Run Club App In China – $NKE $DIA

Reportedly, Nike Inc, (NKE) the world's largest sportswear maker, is discontinuing its popular Nike Run Club (NRC) app in China from July. The U.S. sportswear brand announced to its mainland China users through the app and thanked them for their support. However, the sportswear giant did not give a ...

Verizon Slashes Broadband Price To $25 A Month For Wireless Customers – $VZ $DIA

As per reports, Verizon Communications, Inc. (VZ) has reduced its home broadband price to $25 a month for wireless customers in select areas where its Fios fiber network and wireless internet service are available. The offer is available in more than 2,700 cities to customers with premium 5G mobile ...

Adidas Sues Nike in Texas For Copying Its Smart Shoes Technology – $NKE $DIA

Reportedly, Adidas is suing NIKE, Inc. (NKE) over claims that the brand infringed its patents with its mobile applications and shoe-fitting technology. The lawsuit, filed in Texas, claims that Nike’s Run Club, Training Club, and SNKRS mobile apps and Adapt system violate nine Adidas patents for ex...

Verizon Appoints Sowmyanarayan Sampath As CEO For Verizon Business – $VZ

Reportedly, Verizon Communications, Inc. (VZ) announced the appointment of Sowmyanarayan Sampath to Executive VP and CEO of Verizon Business, effective July 1, 2022. Sampath will succeed Tami Erwin, who will lead the role of Strategic Advisor to the CEO until the end of 2022. Sampath will report dir...

3M Warns That Q2 Suffering From China Demand & Supply Chain Issues – $MMM $DIA

As per reports, 3M (MMM) warned of a $300 million hit to revenue in the current quarter as COVID lockdowns in China hurt demand and intensified supply chain issues. The company also expects an impact of 30 cents on per-share earnings in the second quarter, informed Chief Executive Michael Roman at t...

Dana Walden Appointed As Chairman Of Disney Entertainment, As Peter Rice Exits – $DIS $DIA

Reportedly, Walt Disney Company (DIS) has named Dana Walden chairman of General Entertainment Content, overseeing original programming for Disney’s streaming platforms and its cable and broadcast networks, replacing Peter Rice, who is leaving the company. Walden will have oversight of ABC Entert...

Caterpillar Enters Sponsorship Deal With MLS, America’s Fastest Growing Sports League- $CAT $DIA

As per reports, Caterpillar, Inc. (CAT) has entered a multi-year sponsorship with North America's fastest growing sports League, the Major League Soccer (MLS). The sponsorship is aimed to boost the Caterpillar brand exposure to a more diverse audience in the United States and Canada and also engage ...

Home Depot To Pay Q1 Dividend On June 16 – $HD $DIA

Reportedly, the board of Home Depot, Inc. (HD) announced that its first quarter cash dividend of $1.90 per share will be payable on June 16, 2022. The dividend is payable to shareholders as of  June 2, 2022. The Home Depot, Inc. (HD) is the world’s largest home improvement retailer with reta...

McDonald’s Russian Franchisees May Opt To Continue Operations Under New Brand

Reportedly, McDonald’s Corporation (MCD) franchisees in Russia will have the option of working under a new brand that is likely to launch, informed Oleg Paroev, McDonald's Russia's general director. The McDonald's restaurants in Russia will be sold to Alexander Govor, who runs a franchise operati...

Nike’s Diversity Head Felicia Mayo To Exit The Company – $NKE $DIA

As per reports, NIKE's, Inc. (NKE) head of diversity, Felicia Mayo, is scheduled to leave the company at the end of July after two years, marking the second executive to leave that role in as many years. Since July 2020, Felicia Mayo served as chief talent, diversity, and culture officer. Mayo join...

Walmart Lowers Profit Forecast Amid Rising Food & Fuel Costs – $DIA $WMT

Reportedly, Walmart Stores, Inc. (WMT) released first-quarter earnings below expectations and cut its profit outlook due to inflationary pressures, especially in food and fuel. Adjusted profit dropped to $1.30 a share during the first quarter ended in late April below $1.48 analyst estimates. Retai...

Inflation Costs Hit, Verizon Now Set To Increase Wireless Charges – $VZ $DIA

As per reports, Verizon Communications, Inc. (VZ)  will be increasing prices on its wireless bills for the first time in two years as the US wireless carrier struggles with higher costs. A $1.35 increase in administrative charges for each voice line will start reflecting in the customers June phone...

McDonalds Exiting Russian Market After 30 Years Of Service – $MCD $DIA

Reportedly, McDonald’s Corporation (MCD) is selling all of its restaurants in Russia, exiting the country after more than 30 years of presence following its invasion of Ukraine. McDonald's informed it was looking to sell all its restaurants in Russia to a local buyer, but will continue to retain t...

Nike Terminates Sponsorship Deal With Russian Premier League Club Spartak Moscow – $NKE $DIA

As per reports, NIKE, Inc. (NKE) has terminated its sponsorship deal with Russian Premier League club Spartak Moscow as the team will not be taking part in European competitions next season. The governing body of European soccer, UEFA informed Russia will have no affiliated teams participating in it...

Disney Releases Q2 Earnings As Streaming Subscribers Grow – $DIS $DIA

As per reports, the Walt Disney Company (DID) reported stronger-than-expected growth in streaming subscribers across all of its media platforms, but raised concerns over the impact of Covid on its theme parks in Asia. Total Disney+ subscriptions increased to 137.7 million during the fiscal second qu...

J&J Appoints Thibaut Mongon As CEO Of Its Soon To Be Spun Off Consumer Health Unit – $JNJ $DIA

Reportedly, Johnson & Johnson (JNJ) has appointed Thibaut Mongon as the chief executive officer of the consumer health division, the division which the pharmaceutical giant plans to spin off into a listed company by the end of next year. Mongon joined the company in 2000, and currently serves as...

Walmart Schedules Q1 Release Date on May 17- $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) is scheduled to release its first-quarter earnings results at 6 a.m. CDT on May 17 followed by a live conference call with the Investment Community at 7 a.m to discuss the company’s first-quarter earnings results for the fiscal year 2023. The call will be hos...

Nike Announces Common Stock Dividend Payable July 1, 2022- $NKE $DIA

Reportedly, the board of NIKE, Inc. (NKE) announced a quarterly cash dividend of $.305 per share on its Common Stock payable to shareholders as of June 6, 2022. The dividend is payable on July 1, 2022.   NIKE, Inc. (NKE) is the world’s top designer, marketer, and distributor of athletic f...

Walgreens To Pay Quarterly Dividend On June 10 – $WBA $DIA

Reportedly, Walgreen Boots Alliance (WBA) announced a quarterly dividend of 47.75 cents per share payable on June 10, 2022. The dividend is payable to shareholders as of May 20, 2022. The dividend remains unchanged from the previous quarter and marks an increase of 2.1 percent from the year-ago quar...

Nike Appoints Maggie Gauger As Its New Global VP Of Direct Acceleration – $NKE $DIA

Reportedly, NIKE, Inc. (NKE) has appointed Maggie Gauger as its new global VP of direct acceleration. Gauger most recently served as Nike’s global VP of the marketplace, leading a team of more than 150 people to execute Nike’s B2B platform. Earlier, she served as Nike’s VP of global marketplac...

3M Expanding Production Capacity for PELTOR™ Hearing Protection Products In Nebraska – $MMM $DIA

As per reports, 3M (MMM) announced plans to grow its plant in Valley, Nebraska. The company is investing approximately $58 million to fund the 80,000 square foot expansion creating around 50 new jobs at the facility. The initiative plans to invest in additional production capacity for PELTOR™ hear...

Higher Menu Prices Help Fuel McDonald’s Earnings Beat – $MCD $DIA

Fast Food giant, McDonald’s (MCD) quarterly sales beat estimates despite inflationary pressure on consumers, the war in Ukraine, and COVID-19 lockdowns in China, assisted by menu price hikes and the introduction of a new loyalty program. Global comparable sales increased 11.8%, above estimates for...

Coca-Cola Quarterly Revenue Exceeded Expectations – $KO $DIA

Coca-Cola Company's (KO) quarterly earnings exceeded estimates as consumers drank more of its namesake soda, Powerade, and Costa coffee. The beverage giant's unit case volume increased 8% during the quarter, fueled by demand for drinks like Powerade and Coke Zero Sugar. Despite the suspension of its...

Estée Lauder’s Christina Schelling Announced As Verizon’s Senior VP, Talent & Diversity – $EL $VZ $DIA

As per reports, Verizon Communications, Inc. (VZ)  announced that Christina Schelling will be joining as Senior Vice President of Talent and Diversity on May 2. Schelling will lead Verizon’s DE&I, talent acquisition, learning and development, career planning, and leadership programs. Recently...

McDonald’s Raises Objection Over Icahn Demands On Sourcing Pigs – $MCD $DIA

Reportedly, McDonald’s Corporation (MCD) has raised concerns over Carl Icahn's demand for the burger chain to stop buying pork from suppliers that keep the animals in crates calling it expensive, and logistically unfeasible. Carl Icahn, who owns roughly $50,000 worth of McDonald's stock, is pressi...

Verizon’s Monthly Phone Subscribers Numbers Support 5G Efforts – $VZ $DIA

Verizon Communications, Inc.'s (VZ) quarterly release reported the loss of fewer-than-expected monthly phone subscribers in the first quarter, showing that the wireless carrier is benefiting from its huge investments in expanding its 5G and new broadband services, The company reported a loss of 36,0...

Former Twitter Executive Dantley Davis Joins Nike As VP Of Digital Design – $TWTR $NKE $FB $NFLX

As per reports, NIKE, Inc. (NKE) has named Dantley Davis as the company’s Vice President of digital design. Earlier Davis was positioned as the first chief designer officer at Twitter. According to his LinkedIn profile, he also served as the director of product design at Facebook and as a design d...

Home Depot Announces New CIO & EVP – $HD $DIA

Reportedly, the Home Depot, Inc. (HD) announced two major appointments this week, appointing Matt Carey as its executive vice president (EVP) of customer experience effective immediately. In this newly formed role, Carey will lead the vision, design, and development of new and innovative solutions t...

P&G Quarterly Earnings Display Promising Results Raises Full-Year Sales Forecast

Procter & Gamble Company (PG) reported quarterly earnings ended March 31 reporting an increase in net sales by 7% to $19.38 billion. Total sales volumes rose 3% despite price increases across most of P&G's product range. P&G earned $1.33 per share, beating the quarterly expectations of $...

Walmart Reports Jump In Trucker Applicants In Concert With Supply Chain Induced Salary Hike – $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) sees the number of trucker applicants jump 8 to 10 times since the salary hike as the retailer recently shifted its pay structure so that truck drivers can earn up to $110,000 in their first year. "So far, and it's still in its early days, but we've see...

P&G Announces CEO Jon R. Moeller As Chairman To The Board – $PG $DIA

As per reports, the Procter & Gamble Company (PG) has appointed Jon R. Moeller as Chairman of the Board, effective July 1, 2022. Moeller will take the position in addition to his role as President and Chief Executive Officer following the retirement of current Executive Chairman David Taylor. Th...

P&G Reports Increased Dividend – $PG $DIA

Reportedly, the Board of Directors of The Procter & Gamble Company (PG) have declared a 5% increase in the quarterly dividend. The consumer giant is to pay 91.33 cents a share, up from a previous 87 cents a share, on May 16 to shareholders of record as of April 22. This dividend increase will ma...

PayPal’s Finance Chief John Rainey Joins Walmart As CFO – $PYPL $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) has appointed PayPal Holdings Inc's (PYPL) finance head, John Rainey, as its chief financial officer (CFO),  effective June 6, replacing Brett Biggs. Brett Biggs served as Walmart's finance chief since 2015 and will continue to serve as an adviser until he...

Walmart Announces Salary Raise For Freight Drivers Amid Shortage – $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) is increasing starting salaries for its freight drivers to between $95,000 and $110,000 a year, up from an average starting salary of $87,500. The push comes as supply-chain problems add challenge to the already troubled trucking industry. The American Trucking...

Floridians Can Now Enjoy Affordable & Convenient Health Care Services At 5 New Walmart Health Centers – $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) announced the opening of 5 new Walmart Health centers across North and Central Florida, marking its expansion into Florida. Situated adjacent to Walmart Supercenters, these convenient state-of-the-art Walmart Health centers provide diverse services, including p...

Walmart’s Indian E-commerce Co. Flipkart’s IPO Valuation Reportedly Raised To $60-70B Range – $WMT $DIA $AMZN

Reportedly, Walmart Stores, Inc. (WMT) Indian e-commerce company Flipkart has internally raised its IPO valuation target to $60-70 billion, and now plans a U.S. listing in 2023 instead of this year. Flipkart, which competes with Amazon.com (AMZN) in India's booming e-commerce space, earlier had an I...

Disney Appoints Ex-Nationwide COVID-19 Vaccine Education Campaigner As Executive VP, Global Communications – $DIS $DIA

As per reports, Kristina Schake has been appointed as Executive Vice President, Global Communications at The Walt Disney Company (DIS) effective immediately reporting to Chief Corporate Affairs Officer Geoff Morrell. Schake will lead the Company’s worldwide communications strategy and operations, ...

Walmart Scheduled To Hold 2022 Annual Shareholders’ Meeting On June 1 – $WMT $DIA

As per reports, Walmart Stores, Inc.(WMT) is scheduled to hold its Annual Shareholders’ Meeting on Wednesday, June 1, 2022, in a virtual-only format beginning at 10:30 a.m. CDT. While shareholders will be able to attend the meeting online through a live audio webcast, there will be no physical loc...

Air Lease To Provide Aeromexico Airlines 9 Boeing Planes – $BA $DIA

Reportedly, Mexican airline Aeromexico has reached an agreement to rent nine Boeing (BA) planes, informed Air Lease Corporation. The deal will expand the carrier's fleet as it emerges from Chapter 11 bankruptcy. Air Lease will provide Aeromexico with two new 737-8s and seven new 737-9s, expected to ...

Salesforce.com Announces Name Change Effective April 4 – $CRM $DIA $FB

As per reports, Salesforce (CRM) has now declared a change in its legal name to Salesforce, Inc. from salesforce.com, inc, effective April 4, 2022. Not quite the radical change or move that Facebook (FB) took when they renamed themselves Meta, but still it is a relatively big move for the CRM behemo...

Coca Cola To Host Conference Call On April 25 Following Q1 Release – $KO $DIA

Reportedly, the Coca-Cola Company (KO) is to release its first quarter of 2022 financial results on April 25 before the market opens, followed by an investor conference call at 8:30 a.m. ET to discuss the results. The event can be reached at  www.coca-colacompany.com/investors.    Dow 30 ...

Walmart GoLocal Partners With Delivery Solutions To Deploy Omnichannel Shopping Experience- $WMT $DIA

Reportedly, Walmart GoLocal, Walmart's (WMT) white-label delivery offering,  has partnered with the leading provider of third-party aggregation and orchestration software, Delivery Solutions, for last-mile delivery and fulfillment. The collaboration will further enable Delivery Solutions, customers...

Marina Pariseau Rejoins 3M As Chief Diversity Officer – $MMM $DIA

As per reports, Marina Pariseau joined 3M (MMM) as its chief diversity officer and vice president, Global Diversity & Inclusion, Human Resources starting Feb. 14. Marina started her Human Resources career at 3M, and her presence offers diverse & inclusive human resources experience. Earlier,...

British Beauty Products Brand ‘BEAUTYSPACENK’ To Leverage Walmart Platform- $WMT $DIA

Reportedly, Walmart Stores, Inc. (WMT) and British retailer Space NK are teaming up to bring prestige beauty products to Walmart.com and nearly 250 Walmart stores nationwide this summer. The unique collaboration, called BEAUTYSPACENK, leverages Walmart’s size and scale with the iconic British pers...

3M Added To List Of Western Firms To Halt Operations In Russia – $MMM $DIA

Reportedly, Industrial giant 3M (MMM) has halted operations in Russia adding to the list of Western firms that have suspended operations in the country after the Ukraine invasion. "After re-assessing our business in Russia, we have decided to suspend all business operations there," the company stat...

Caterpillar Suspends Operations In Its Russian Manufacturing Facilities – $CAT $DIA

As per reports, Caterpillar, Inc. (CAT) is suspending operations in its manufacturing facilities in Russia, joining increasingly long list of the companies that have halted business in the country after the invasion of Ukraine. "Operations in Russia have become increasingly challenging, including ...

McDonald’s To Incur Significant Losses Over Russian Store Closures – $MCD $DIA

As per reports, McDonald’s Corporation (MCD) informed that the temporary closure of its 847 stores in Russia will cost the fast-food chain about $50 million a month. A cascade of major American brands, including Starbucks Corp, PepsiCo Inc, and Coca-Cola Co, followed McDonald's to cease some or al...

Walmart Announces Plans To Open New Fulfillment Center In Southern Pennsylvania – $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) is set to open a new fulfillment center in southern Pennsylvania to support the retailer’s rapidly increasing supply chain network and eCommerce capabilities. The 1.8M+ square-foot Shippensburg facility will be located at 2281 United Drive and is expected...

Verizon Offers Expanded Calling, Texting & Data Relief Services For Customers In Eastern Europe – $VZ $DIA

Reportedly, Verizon Communications, Inc. (VZ) is expanding relief efforts in order to keep its customers connected to family, friends, and loved ones in the affected areas in Eastern Europe amid the Russian Invasion. Verizon is waiving international calling, texting, and in-country data charges for ...

Gerflor Group Takes Over 3M’s Floor Products Business In Western Europe – $MMM $DIA

As per reports, 3M (MMM) has completed sales of its floor products business in Western Europe, formerly known as Dinac, to Gerflor Group, a global leader in the production and distribution of floorings, wall coverings, and finishes. The business unit was part of 3M's Construction and Home Improvemen...

Entertainment Giants Disney, Sony, Warner Bros. Place Hold On Upcoming Films In Russia

As per reports, Hollywood studios Disney (DIS), Sony Pictures Entertainment, and Warner Bros. announced to pause theatrical releases of upcoming films in Russia in response to its invasion of Ukraine. The Walt Disney Co. will  pause the release of theatrical films in Russia, starting with the upcom...

Home Depot Adds PepsiCo & Clear Inc. Execs To Its Board – $HD $PEP $DIA

As per reports, The Home Depot, Inc. (HD) announced the appointment of Paula Santilli, CEO of PepsiCo Latin America, and Caryn Seidman-Becker, chair, and CEO of CLEAR, to its board of directors, effective March 1, 2022, making it a total of 14 directors to its board. Since 2019, Santilli has served...

Sports Wear Giant Nike To Release Q3 Earnings On March 21 – $NKE $DIA

Reportedly,  NIKE, Inc. (NKE) is to release its third-quarter fiscal 2022 financial results at approximately 1:15 p.m. PT on Monday, March 21, 2022, followed by a conference call conducted by Nike's management starting at 2:00 p.m. PT to discuss and review results. The conference call will be broad...

Billionaire Activist Investor Carl Icahn Intensifying McDonald’s Fight Over Pork Sourcing

Reportedly, billionaire activist investor Carl Icahn has nominated two members to McDonald’s Corporation (MCD) board of directors for election during the company’s 2022 annual shareholder meeting in the fight over the treatment of pigs by the burger chain's suppliers. The other odd thing is that...

Disney’s Executive Mike White To Lead Its Metaverse Strategy – $DIS $FB $DIA

As per reports, the Walt Disney Company (DIS) has appointed Mike White, an executive in the Media and Entertainment Distribution group, to the new role of senior vice president of Next Generation Storytelling and Consumer Experiences, leading the entertainment giant's metaverse strategy. White will ...

Disney’s Streaming Drives Earnings Beat – $DIS $DIA

The Walt Disney Company's (DIS) quarterly earnings release revived faith in the entertainment giant’s streaming services, along with recovery at its theme parks boosting shares. The company reported addition of 11.8 million Disney+ subscribers in the first quarter, and forecast higher subscriber g...

Walmart Beats Q4 Earnings Estimates, Announces Buyback & Dividend Increase – $WMT $DIA

As per reports, Walmart Stores, Inc.'s (WMT) fourth-quarter earnings beat estimates reporting a 10% increase to $1.53 per share, with sales of $152.87 billion. U.S. Walmart same-store sales excluding fuel advanced 5.6%, in line with forecasts. Walmart's U.S. e-commerce sales were up just 1% versus ...

American Airlines Trims International Summer Flights Amid Boeing’s 787 Dreamliner Delay – $AAL $BA $DIA

As per reports, Texas-based carrier American Airlines Group Inc. (AAL) is trimming its summer schedule due to the delayed delivery of Boeing Co's (BA) 787 Dreamliner jets. The airline informed it now expects to receive only 10 Dreamliner planes this year and not 13 as expected. Also, the remaining j...

Darius Adamczyk, Chairman & CEO Honeywell, Appointed To Johnson & Johnson’s Board – $HON $JNJ $DIA

Reportedly, Johnson & Johnson (JNJ) announced the appointment of Darius Adamczyk, Chairman and Chief Executive Officer of Honeywell, to its Board of Directors. Currently, in his role as the Chairman and CEO of Honeywell, Darius Adamczyk has helped to bring solutions and technology to market that...

Walmart Drops Mask Mandate For Fully Vaccinated U.S. Workers – $WMT $DIA $AMZN

Reportedly, Walmart Stores, Inc. (WMT) has removed the mask mandate for fully vaccinated workers working in company facilities in the United States unless ordered by a state or local mandate. However, employees working in clinical care units. i.e. health clinics and pharmacies and having direct cust...

Coca-Cola Pushes Towards 25% Reusable Packaging By 2030 – $KO $DIA

Reportedly, the Coca-Cola Company (KO) aims for 25% of its packaging globally to be reusable by 2030, after being criticized for worldwide plastic pollution. According to the global coalition Break Free From Plastic's annual report released in October, the company was the world's worst plastic pollu...

Walmart Schedules Q4 Earnings Call On Feb 17 – $WMT $DIA

As per reports, Walmart Stores, Inc. (WMT) is to release its fourth-quarter earnings on Thursday, Feb. 17, 2022, at 7 a.m. CST. The live conference call will be hosted by the president and CEO, Doug McMillon, and Brett Biggs, executive VP, and CFO with the Investment Community, to discuss the result...

Walgreens Advertising Group Launches New Solutions For Brand Advertisers – $WBA $DIA

As per reports, Walgreens Advertising Group (wag) is set to launch new self-serve programmatic and clean-room solutions allowing brand advertisers to run campaigns more openly on their terms. The new offering will offer businesses the ability to target consumers by applying audiences based on Walgre...

Coca-Cola Earnings Beat Q4 Estimates – Sees Inflationary Pressures – $KO $DIA

Soda giant, Coca-Cola Company (KO) reported strong Q4 earnings that beat estimates, but the company predicts a weaker-than-expected outlook, predicting that higher inflation would continue to weigh on its profits throughout 2022. Earning Highlights: Adjusted Earnings per share were 45 cents ver...

Home Improvement Retailer Home Depot Schedules Q4 & Fiscal 2021 Earnings Release On Feb 22 – $HD $DIA

As per reports, The Home Depot® (HD) is to announce its Fourth Quarter & Fiscal 2021 Earnings Conference Call on Tuesday, February 22, at 9 a.m. ET. The webcast can be reached under the Fourth Quarter Earnings Conference Call icon at http://ir.homedepot.com/events-and-presentations.   ...

Nike Sues Online Reseller StockX Over Sell Of Sneaker NFTs – $NKE $DIA

Reportedly, NIKE, Inc. (NKE) has sued online reseller Detroit-based StockX in New York federal court for selling unauthorized images of Nike shoes, making it the latest lawsuit over digital assets known as non-fungible tokens (NFTs). StockX, a platform for reselling sneakers, handbags, and other goo...

Home Depot Gearing Up To Hire 100K Workers For Busy Spring Season – $HD $DIA

As per reports, Home Depot, Inc. (HD) announces the hiring of more than 100,000 workers across its stores and warehouses, as the home improvement giant is gearing up for its high spring selling season as demand for home-improvement products is at its peak. For home improvement chains Spring marks t...

Alexia Quadrani Appointed As Senior Vice President, Investor Relations At Walt Disney – $DIS $DIA $JPM

As per reports, The Walt Disney Company (DIS) announced Alexia Quadrani as the newly appointed Senior Vice President, Investor Relations, and will report directly to Christine McCarthy, Senior Executive Vice President, and Chief Financial Officer. Most recently, Ms. Quadrani served as Managing Direc...

McDonald’s Profits Drop Amid Rising Costs & Slowing Sales in Australia & China – $MCD $DIA

Reportedly, McDonald’s Corporation (MCD) missed Wall Street estimates as a result of higher costs and slowed sales in its over 4,500 restaurants in Australia and China even thought they realized gains from growth in the United States in the fourth quarter. Operating costs increased 14% to $3.61 b...

Verizon Tops Quarterly Subscriber Estimates, Expects Strong Fiscal 2022 – $VZ $DIA

Reportedly, Verizon Communications, Inc. (VZ) added more-than-expected wireless subscribers that pay a monthly bill in the fourth quarter ending December 31 & is expecting a strong year ahead assisted by the increased adoption of 5G services. The telecom giant added 558,000 subscribers in the qu...

Boeing’s 737 Max To Soon Resumes Operations In Hong Kong – $BA $DIA

As per reports, Hong Kong has allowed airline operators to restart the use of Boeing Co's (BA) 737 Max aircraft in the city's airspace, informed its Civil Aviation Department (CAD) lifting its ban on the aircraft after nearly three years.  Airlines looking to fly the 737 Max in Hong Kong's airspac...

Verizon Set To Release Q4 2021 Financial Results On January 25 – $VZ $DIA

As per reports, Verizon Communications, Inc. (VZ) will report Q4 2021 earnings on Tuesday, January 25, 2022. The company will present results on a webcast starting at 8:30 a.m. Eastern Time. Verizon’s earnings news release and other financial documents will be available on the website starting at ...

Walmart Stores’ Chief E-Commerce Officer Casey Carl Exiting Feb. 1 – $WMT $DIA $AMZN

Reportedly, Walmart's (WMT) top e-commerce executive Casey Carl is leaving the company at the end of February after nearly two years of service. Carl will be replaced by Walmart's senior vice president, Tom Ward, of last-mile deliveries with a new title as executive vice president and chief e-commer...

McDonald’s Expands Testing Of McPlant In San Francisco Bay & Dallas-Fort Worth Areas – $MCD $BYND $DIA

Reportedly, McDonald’s Corporation (MCD) is expanding the test of its McPlant, a plant-based burger made by Beyond Meat Inc. (BYND), from Feb. 14 to ~600 locations in the San Francisco Bay and Dallas-Fort Worth areas. The McPlant U.S test began Nov. 3 in eight locations in Texas, Iowa, Louisiana, ...

P&G Earnings Exceed Expectations Amid Increasing Product Prices

Procter & Gamble Company (PG) reported strong quarterly earnings and revenue exceeding market estimates as price hikes helped offset higher commodity and freight costs. Executives informed in the conference call that they already told retailers about the increase in fabric care products, like Ti...

P&G To Pay Quarterly Dividend On Feb 15 – $PG $DIA

Reportedly, the board of Procter & Gamble (PG) declared a Common Stock quarterly dividend of $0.8698 per share payable on or after February 15, 2022, to Common Stock shareholders of record at the close of business on January 21, 2022. A quarterly dividend of $0.8698 per share was announced on th...

3M Committed To Making Sure Everyone Who Needs An N95 Has Access – $MMM $DIA

Amid the rapidly spreading Omicron variant, 3M (MMM) has been providing information about 3M N95 respirators, including where to buy them, ensuring a proper fit, and why they are considered the standard for protection. "As we have throughout the pandemic, 3M is committed to making sure everyone w...

Walgreens & CVS Update Paid COVID -19 Sick Leave Policy For Employees In Alignment With CDC Guidance – $WBA $CVS

Reportedly, Walgreen Boots Alliance (WBA) and CVS Health Corp (CVS) have cut paid sick leave for workers who test positive for COVID-19 in line with a change in U.S. health guidance. Recently, the board of U.S. Centers for Disease Control and Prevention updated guidelines that Covid infected people ...

Home Depot Offers Increased Military Discount Benefit for All Veterans – $HD $DIA

As per reports, Home Depot, Inc. (HD) has increased its military discount benefit to include all U.S. veterans, active service members, and spouses every day, working towards the company’s commitment to serving the U.S. military community nationwide. U.S. veterans, active service members, and spo...

Home Depot Honors Nike Grind With 2021 Environmental Partner Of The Year -$HD $NKE $DIA

Reportedly, Home Depot (HD) has named Nike Grind as the 2021 Environmental Partner of the Year. Many things go into Nike shoes, from foam cushions for feet, rubber provides traction and accents made with plastics, and leather and colorful textiles to complete the look. These different elements can c...

Horacio Gutierrez Succeeds Alan Braverman As Disney’s New General Counsel & Secretary – $DIS $DIA

Reportedly, Horacio Gutierrez has been named Senior Executive Vice President, General Counsel, and Secretary of The Walt Disney Company (DIS), succeeding Disney veteran Alan Braverman who is retiring after nearly two decades as General Counsel. Mr. Gutierrez joins Disney from Spotify, where he serve...

Walmart Marketplace U.S To Include Verifique™ Test Products

Reportedly, Veriteque USA, Inc. to list Verifique brand on the Walmart (WMT) Marketplace in the United States, as a newly registered seller on the platform. Verifique will further list both of their USA made products on the platform including the Verifique Cannabis Detection Test, and the Verifique ...

Nike Reports Strong Q2 Earnings With Renewed Focus – $NKE

NIKE, Inc. (NKE) reported better-than-expected second-quarter results as the sports apparel retailer as the retailer continued to focus on cutting ties with retail partners in order to focus on its own stores. Dealing with tight inventories due to supply-chain issues, the sportswear giant is looking...

Just In Time For Holidays YouTube Reaches Agreement Terms With Disney

As per reports, Alphabet Inc's (GOOG) YouTube recently restored access to Walt Disney Company (DIS) channels on its platform as the companies reached a distribution agreement to end a two-day blackout and just in time for all to enjoy during the holidays. The financial terms of the deal were not dis...

McDonald’s Offers Low-Cost Short Term Loans To Boost Franchisees – $MCD

As per reports, McDonald's Corp (MCD) will be providing $250 million of low-cost, short-term loans over five years in the United States boosting diversity among its franchisees. The burger giant is also planning to increase its franchisee recruiting and development efforts globally to draw new opera...

Verizon To Pay Quarterly Dividend On Feb 1

Reportedly, the board of Verizon Communications Inc. (VZ) announced a quarterly dividend of 64 cents, the same as the previous quarter, payable on February 1, 2022.  The dividend is payable to all shareholders as of January 10, 2022. Chairman and CEO, Verizon Hans Vestberg stated, “Our disciplin...

AmEx Global Business Travel Announces $5.3B SPAC Deal With Apollo Global -$ASGC $GBTG

Reportedly, American Express Global Business Travel has announced to merge into with Apollo Global Management Inc. backed blank-check firm or SPAC to go public in a deal valued at around $5.3 billion. The deal with Apollo Strategic Growth Capital (ASGC) is expected to deliver gross proceeds of up to...

U.S. District Judge Rejects Byron Allen’s $10B Discrimination Lawsuit Against McDonald’s

Reportedly, a U.S. judge has dismissed a $10 billion lawsuit against McDonald’s Corporation (MCD) by the media entrepreneur Byron Allen, who claimed the burger giant of racial discrimination for not advertising with Black-owned media outlets. U.S. District Judge Fernando Olguin in Los Angeles info...

Wall Street, Goldman Sachs, BofA Finance Epidermolysis Bullosa (EB) Research – $KRYS $INM

  What is epidermolysis bullosa (EB)? Epidermolysis bullosa, or EB, is a rare genetic skin disease characterized by fragile skin that can lead to extensive blistering and wounding. It is a painful and often debilitating disease that affects skin and mucous membranes, particularly of the gas...

Portland’s Susan Arnold Named As The New Chairman Of The Board – Walt Disney Co.

Reportedly, Portland-based Susan Arnold, has been appointed as the new chairman of the board, the Walt Disney Company (DIS) succeeding Bob Iger, becoming the first woman to be named to the role in its 98-year-long history. Arnold was serving on the board for 14 years and will succeed on Dec. 31. ...

P&G Voluntarily Recalls Specific Old Spice & Secret Aerosol Spray Antiperspirant Products After Detection Of Benzene

As per reports, the Procter & Gamble Company (PG) has voluntarily recalled all lots of specific Secret aerosol spray antiperspirant products and Old Spice sold in Canada, due to the presence of cancer-causing benzene. Exposure to benzene can occur orally, by inhalation, and through the skin that...

The U.S Federal Communications Commission Approves +$6B Verizon & TracFone Wireless Deal

Reportedly, the U.S. Federal Communications Commission has approved Verizon Communications, Inc. (VZ) more than $6 billion acquisition of pre-paid mobile phones provider TracFone Wireless, following the California Public Utilities Commission's approval of the deal last week.  FCC informed the requ...

Disney’s Thanksgiving Release “Encanto” Brings A Relief To Box Office Sales

Reportedly, Walt Disney Company (DIS) has regained its rightful place at the top of Thanksgiving box office charts with "Encanto," its new animated musical fable, with $40 million in sales. Disney releases a family-friendly movie around Turkey Day, and "Encanto," an animated movie with critical accl...

Mandatory Covid-19 Vaccination Policy Currently Under Review At Disney World

Reportedly, Disney World near Florida, Orlando operated by Walt Disney Co. (DIS) has put its COVID-19 vaccination mandate on hold for review, amid the Biden administration's workplace COVID-19 vaccine rule, which requires businesses with at least 100 employees to require staff to get Covid-19 vaccin...

Nike Schedules Q2 Earnings Release On Dec 20

As per reports, NIKE, Inc. (NKE) is to release its second quarter, 2022 financial earnings at approximately 1:15 p.m. PT, on Monday, December 20, 2021, after trading closes.  The Nike management will host a conference call at 2:00 p.m. PT to review the results. The live call can be reached at the c...

Home Depot Will Pay A Q3 Cash Dividend On Dec 16

As per reports, Home Depot, Inc. (HD) will pay a third-quarter cash dividend of $1.65 per share, on December 16, 2021.  The dividend is payable to shareholders of record on the close of business on December 2, 2021, and marks the 139th consecutive quarter the world's largest home improvement retail...

Walgreens To Extend Operating Hours During Thanksgiving Day Holiday

As per reports, on Thanksgiving Day, the majority of Walgreen Boots Alliance (WBA) stores will remain open from 9 a.m. to 6 p.m., for last-minute healthcare and essential needs. 24-hour Walgreen's locations and 24-hour pharmacies will also continue to remain open.   Walgreen Boots Alliance ...

Amex Mandating Its U.S Employees Returning To Office To Be Fully Vaccinated

Reportedly, American Express Company (AXP) is requiring that its U.S employees working in the office need to be fully vaccinated against COVID-19 beginning Nov. 18, as per an internal memo sent by Chief Executive Officer Stephen Squeri. However, wearing masks or other facial coverings will be option...

Verizon Advances Samantha Hammock To The Position of Executive VP & Chief Human Resources Officer

Reportedly, Verizon Communications, Inc. (VZ) announced the appointment of Samantha Hammock to Executive Vice President and Chief Human Resources Officer of Verizon, effective December 1, 2021. Samantha Hammock will report to Hans Vestberg, Verizon Chairman and CEO. “When you think about the in...

Visa States Latest SMI Supports View That Consumer Spending Set To Bounce Back In Q4

Reportedly, the U.S. Spending Momentum Index has increased  to110.6 in October up 2.1 points from September, as per the Visa (V) SMI index, an economic indicator of the health of consumer spending. The Visa SMI above 100, indicates strong consumer spending momentum and when it falls below 100, it d...

J&J Dividing To Create 2 Public Co’s In Consumer & Healthcare

As per reports, Johnson & Johnson (JNJ) is to split its consumer products business from its pharmaceutical and medical device operations, creating two publicly traded companies. The move will separate its household/consumer products unit, maker of Band-Aid bandages, Aveeno and Neutrogena skincar...

Disney’s Quarter Reports Disappointing Disney+ Subscriber Growth – Misses Estimates

 As per reports, Walt Disney Company (DIS) streaming service Disney+ witnessed the slowest growth since its launch missing market estimates and pushing stocks down. Also, profits from the theme park division performed below expectations in the fourth quarter, even though the quarter was the first t...

Walmart & Silicon Valley Start-Up Gatik Initiate Driverless Truck Deliveries To Boost Efficiencies

As per reports, Walmart Stores, Inc. (WMT) has started using fully driverless trucking to boost its online grocery business, increasing capacity and minimizing inefficiencies. In August, Walmart along with Silicon Valley start-up Gatik operated two autonomous box trucks without a safety driver on a ...

Walmart Schedules Q3 Earnings Release For Nov 16 Prior To The Open

Reportedly, Walmart Stores, Inc. (WMT) has scheduled to release its third-quarter earnings at 6 a.m. CST on Tuesday, Nov. 16, 2021. The release will be followed by a live conference call with the Investment Community at 7 a.m. CST to discuss the results, hosted by President & CEO Doug McMillon, ...

PepsiCo Expects First Delivery Of Tesla Semi Trucks Q4/2021

As per reports, PepsiCo (PEP) is reportedly set to receive its first delivery of Tesla (TSLA) Semi trucks in the fourth quarter informed the beverage giant’s CEO Ramon Laguarta at the 26th United Nations Climate Change Conference, or COP26. However, the number of trucks to be delivered was not dis...

Limited Time Offer For Disney+ Being At $1.99/Mo. Now Available

As per reports, Walt Disney Company (DIS) is offering a month of its streaming service Disney+ for $1.99 for the first month. The offer began on Nov. 8 and will run through Nov. 14 for new and eligible returning subscribers. Disney, which charges $7.99 per month for its streaming service in the Unit...

Nike’s Vietnam Contracted Factories Resume Full Production

Reportedly, 200 contracted factories across Vietnam that make sportswear for NIKE, Inc. (NKE) have resumed operations after months of COVID-19 suspension, racing back to get its key manufacturing sector back on track. In mid-July, nearly 80% of Nike's footwear makers and half of its apparel provider...

Apple To Drop Customer Mask Mandate At More Than 100 Stores

Reportedly, Apple (AAPL) will withdraw its mask mandate for customers at many U.S. retail stores starting this week as COVID-19 cases decline. More than 100 of Apple’s 270 stores across the country will remove the requirement, with more stores adopting the same gradually. However, the mask mandate...

AT&T Inc. & Verizon’s 5G Service Delayed On Some Airwaves After U.S. Aviation Regulators Raise Concerns

Reportedly, AT&T Inc. (T) and Verizon Communications, Inc. (VZ) delay the rollout of the fast 5G service on some airwaves after U.S. aviation regulators raised concerns it might interfere with aircraft electronics. The agencies confirmed a 30-day delay to Jan. 5. “Today Verizon and AT&T a...

World’s Largest Home Improvement Retailer Home Depot To Release Q3 Earnings On Nov 16

Reportedly, Home Depot, Inc. (HD) is scheduled to host its third-quarter earnings conference Call on Tuesday, November 16, at 9 a.m. ET. The webcast will be archived and will be available at approximately noon on November 16. The webcast can be reached at http://ir.homedepot.com/events-and-presentat...

Apple Reported Revenue of $83.36B Versus $84.68B Expectations

Reportedly, Apple (AAPL) misses fourth-quarter earnings estimates with its iPhone, Mac, and Wearables businesses coming up short amid the ongoing chip shortage. Some key figures from the release: Revenue of $83.36 billion was reported versus $84.68 billion expected. Earnings per share of $1.2...

Beverage Giant Coca-Cola To Acquire Remaining Stake In BodyArmor Now Valued At $6.59B

Reportedly, Coca-Cola Co. (KO) is now buying a remaining stake in BodyArmor that it did not already own for $5.6 billion, valuing BodyArmor at about $6.59 billion. The beverage giant is gearing up its sports drink portfolio to take on market leader, PepsiCo Inc.'s Gatorade. The deal signifies a shif...

Beverage Giant Coca-Cola Hikes Annual Outlook – Net sales jumped 16%

Beverage giant, the Coca-Cola Company (KO) reported fiscal third-quarter earnings that exceeded analysts’ estimates allowing it to hike its annual outlook again. Some key highlights from the earnings: Adjusted EPS of 65 cents was reported exceeding 58 cents expected. Revenue stood at $10.04...

McDonald’s Q4 Earnings Exceed – Higher Prices, New Menu Items – Orders Increase

McDonald’s Corporation (MCD) reported strong earnings, ahead of market estimates helped by higher prices, larger order sizes, and entry of new menu items. As pandemic-related restrictions eased and restaurants opened at full capacity, McDonald's has been gaining market share from competitors by in...

Johnson & Johnson & Moderna Booster Shots Now Available At US Walmart & Walgreens

Reportedly, Walmart Inc. (WMT) and Walgreens Boots Alliance Inc. (WBA) have started to administer COVID-19 booster shots from Johnson & Johnson and Moderna Inc., in addition to the previously authorized Pfizer-BioNTech booster. The Centers for Disease Control and Prevention said citizens can cho...

John Deaton Appointed As EVP Supply Chain & Product Development at Home Depot Replacing Mark Holifield

As per reports, Home Depot, Inc. (HD) announced John Deaton as executive vice president of Supply Chain and Product Development, effective November 1, 2021, replacing Mark Holifield. Holifield, who served the company for 15 years, to join as CEO of a U.S.-based last-mile delivery firm. Deaton, a 14-...

Coca-Cola Announces Quarterly Dividend Of 42 Cents

As per reports, the board of Coca-Cola Company (KO) announced a dividend of 42 cents per common share payable on Dec. 15, 2021. The dividend is payable to shareholders as of Dec. 1, 2021. Dow 30 Component, The Coca-Cola Company (KO), is the largest total beverage company in the world. It offers 5...

Some US Walmart’s Allowing Customers To Buy Bitcoin At Coinstar Kiosks

Reportedly, Walmart Stores, Inc. (WMT) offers customers at some of its U.S. stores to purchase bitcoin using ATM-like machines installed by Coinstar. Coinstar, which has machines that can exchange physical coins for cash, has partnered with CoinMe, digital currency exchange to let customers buy bitc...

Verizon Reports Q3 Earnings Beat – Raises Guidance – $VZ

Reportedly, Verizon Communications, Inc. (VZ) quarter earnings beat analyst estimates reporting an adjusted profit of 1.41 a share, beating forecasts for $1.36 a share, on sales of $$32.9 billion, below expectations for $33.2 billion. The telecom giant raised its guidance to a range of $5.35 to $5.4...

3M Settles Claims Over Tennessee River Contamination

Reportedly, 3M (MMM) has agreed to pay about $98.4 million to settle claims that it contaminated the Tennessee River with toxic chemicals. The company agreed to resolve the lawsuit by environmental group Tennessee Riverkeeper, a separate class action by residents of Alabama's Morgan County. , and al...

Walt Disney Receives Rare Wall Street Downgrade

Reportedly, Walt Disney Company (DIS, $170.57) stock received a rare Wall Street downgrade as Barclays put forward bold changes from the entertainment giant to reverse slowing growth at its streaming service, Disney+. Last month, Disney Chief Executive Officer Bob Chapek informed that the fourth-qua...

McDonalds Introducing The Plant-Based ‘McPlant Burger” In 8 U.S Outlets Starting Next Month – $MCD

Reportedly, McDonald’s Corporation (MCD) is set to start testing its plant-based McPlant burger in eight U.S. outlets from Nov. 3 for a limited time. The plant-based burger is developed in partnership with vegan meat maker Beyond Meat to develop meatless alternatives. The burger is already availab...

Walgreens Q4 Earnings Exceeded Expectations – Informs Rise In Covid-19 Vaccinations

As per reports, Walgreen Boots Alliance (WBA) exceeded Wall Street’s expectations for fiscal fourth-quarter earnings, as the demand for Covid-19 vaccines increases. During the quarter, Walgreens administered 13.5 million vaccines, nearly double the approximately 7 million it had expected in the t...

Coca-Cola Eyes 2022 IPO For Majority Owned Coca-Cola Beverages Africa

As per reports, Coca-Cola Co. (KO) is seeking a value of 7 billion euros ($8.1 billion) for its Coca-Cola Beverages Africa, expected to list next year. Bank of America Corp., Morgan Stanley, and Standard Bank Group Ltd. are being enlisted to run the initial public offering. As per sources, the final...

Walgreens Announces Investment Of An Additional $5.2B In VillageMD

As per reports, Walgreen Boots Alliance (WBA) is to invest an additional $5.2B in VillageMD care providers as the pharmacy chain aims to expand primary healthcare services at its stores. The investment increases Walgreens' stake in VillageMD to 63% from 30%, while the latter plans to go public next ...

Walgreens Appoints Holly May, EVP & Global Chief Human Resources Officer & Anita Allemand, Chief Transformation and Integration Officer

As per reports, Walgreen Boots Alliance (WBA) announced two major executive leadership positions, where Holly May was appointed Executive Vice President and Global Chief Human Resources Officer, and Anita Allemand was appointed Chief Transformation and Integration Officer. May and Allemand will repo...

Beverage Giant Coca-Cola Schedules ESG Presentation On Nov 3 Led By Bea Perez, SVP & Chief Communications & Sustainability and Strategic Partnerships Officer

As per reports, the Coca-Cola Company (KO) has scheduled to discuss the company’s environmental, social, and governance (ESG) priorities during a webcast with investors on Nov. 3 at 11 a.m. ET. The event will be hosted by Bea Perez, Senior Vice President, and Chief Communications & Sustainabil...

Honeywell Expects 7400 New Business Jet Deliveries As Travel Rebounds

Reportedly, Honeywell International Inc (HON) raised its outlook for business jet deliveries, as the travel sector rebounds after Covid-19 restrictions begin to ease globally. The company now forecast up to 7,400 new business jet deliveries worth $238 billion from 2022 to 2031, an increase of 1% fro...

Home Depot Say ‘Yes’ To Walmart’s GoLocal Fast Delivery Service

As per reports, Walmart (WMT) has gained Home Depot (HD), as its first client for its new GoLocal fast delivery service. The service includes same-day and next-day delivery at select stores in New Mexico, Arkansas, and Texas initially, before expanding to other markets by year-end.  The items Walma...

Coca Cola Turns To 3 So-called Bulk Carriers As Container Rates Rise

Reportedly, Coca-Cola Company (KO) is switching its cargoes to vessels that are normally only used by industrial commodity traders. The company usually transports materials around the world in the same 20-foot steel boxes that haul everything from toys to bicycles, but due to constrained capacity, t...

Procter & Gamble Schedules Its Annual Shareholder Meet For Oct 12

As per reports, David S. Taylor, Chairman of the Board, President, and Chief Executive Officer of The Procter & Gamble Company (PG) to lead the Procter & Gamble 2021 Virtual Annual Meeting of Shareholders on Tuesday, October 12, 2021, beginning at 12:00 p.m.ET. Interested parties can view t...

Nike Continues To Rule As Top Choice Among Teens

Reportedly, NIKE, Inc. (NKE) has gained the number 1 apparel brand spot among teens for the eleventh straight year, also a top choice for teens when it comes to footwear, as surveyed by Piper Sandler’s latest "Taking Stock with Teens" survey. The list is followed by Vans at spot 2, and Nike’s-ow...

McDonald’s Preparing For Zero Emissions By 2050

Reportedly, McDonald’s Corporation (MCD) has set a new target to cut global greenhouse gas emissions to net-zero by 2050, the burger giant informed that it was working with the nonprofit Science Based Targets initiative (SBTi) to change its existing climate change targets. The burger giant now aim...

Nike Announces Re-Opening Of Its Nike Sport Research Lab (NSRL) In Beaverton, OR

As per reports, NIKE, Inc. (NKE) announced the re-opening of its Nike Sport Research Lab (NSRL) in the new LeBron James Innovation Center, placed at the center of Nike’s campus in Beaverton, Oregon. The new NSRL is five times larger than the original,  created 40 years ago in Exeter, New Hampshi...

Coca-Cola Announces Q3 2021 Earnings Release On October 27

As per reports, the Coca-Cola Company is to release its third-quarter 2021 financial results on Oct. 27 before the market opens, followed by an investor conference call at 8:30 a.m. ET to review and discuss the results. Interested parties can join the event on the company's website. Dow 30 Compon...

McDonald’s Returns With Its Iconic McRib!

Reportedly, McDonald’s Corporation (MCD) is bringing back its cult classic menu item, the McRib, which is a BBQ favorite, and is made of seasoned boneless pork, barbecue sauce, onions, and pickles on a bun, will be available on menus beginning November 1. The McRib has had a substantial following ...

Disney & Scarlett Johansson Settle Dispute Over ‘Black Widow’ Movie

As per reports, The Walt Disney Company (DIS) and actress, Scarlett Johansson jointly announced the settlement of their legal dispute arising from the release of the Marvel superhero movie "Black Widow.” The terms of the settlement between the parties remained undisclosed. In July, Johansson accu...

Nike Teams Up With Award-Winning Singer Billie Eilish To Launch “100% Vegan” Air Jordans

Reportedly, Nike, Inc. (NKE) is set to launch two pairs of "100% vegan" Air Jordan sneakers on Sep 27, in collaboration with award-winning singer Billie Eilish, 19. Eilish announced the sneakers on her social media handle, showcasing two options a green pair of Air Jordan 1KO, and a tan pair of Air ...

Walmart Closes $2B Green Bond Offering The First Under Green Financing Framework

As per reports, Walmart Stores, Inc. has announced that it has closed its previously announced $2 billion inaugural green bond offering. Net proceeds will be allocated to fund current and prospective projects to advance Walmart’s sustainability goals.  The green bond is Walmart’s first offering...

Reduce Use Of Plastic In Happy Meal

McDonalds To Reduce Use Of Plastic In Happy Meal Children Toys

Reportedly, Fast food giant McDonald’s Corporation (MCD) is planning to reduce the use of plastic in more than 1 billion Happy Meal children's toys, it sells globally each year by the end of 2025. Toys will be made from plant-based or recycled plastics, allowing the company to reduce its use of vi...

Disney Informs Content Production Delays

Disney Informs Content Production Delays As Contagious Delta Variant Surges

As per reports, Walt Disney (DIS) Co-Chief Executive Officer Bob Chapek raised concern over delay in the production of some of its titles, caused by the resurgence of the Delta variant of the coronavirus. Shares of the company dropped after the statement, which was already hit hard by the coronavi...

Acute Labor Shortage

Walgreens Raising Bonuses & Rewards For Pharmacists To Retain During Acute Labor Shortage

Reportedly, Walgreen Boots Alliance (WBA) to give a one-time bonus of $1,250 to its full-time pharmacists and a $1,000 payment to part-time pharmacists, as major retailers try to retain people amid an acute labor shortage, resulting in companies raising wages and providing incentives to employees ah...

Walmart To Begin Testing Autonomous Vehicle Delivery Service In 3 Cities

Reportedly, Walmart Stores, Inc. (WMT) will begin testing autonomous vehicle delivery services in three cities with Ford and self-driving car company Argo.  The retail giant will use hybrid Ford Escape SUVs augmented along with Argo's AI technology. In 2017, Ford invested $1 billion in Argo and Vo...

Caterpillar CEO

Caterpillar CEO Reveals Shortage of Suppliers’ Workers Increasing Supply-Chain Delays

As per reports, Caterpillar, Inc. (CAT) is having a tough time getting the materials it needs from suppliers facing labor crunch, adding another hurdle for the machinery maker that is already amid a global chip shortfall. The delays may keep it from fully meeting demand this year. Chief Executive Of...

Walgreens

YIKES! – Walgreens COVID-19 Test Registration System Reportedly Exposed Data

Reportedly, Walgreen Boots Alliance COVID-19 test registration system has exposed millions of data of people, including their phone numbers and email addresses. The data potentially also exposed names, dates of birth, and gender identities on the open web for anyone to see and for the multiple ad tr...

BTIG Downgrades Nike

BTIG Downgrades Nike From Buy To Neutral – Supply Chain Disruptions Continue

Reportedly, BTIG has downgraded NIKE, Inc. (NKE) rating from Buy to Neutral amid supply chain disruptions. The rising COVID-19 cases in Vietnam with its fully vaccinated rate of only between 4% and 5% has forced Vietnamese government officials to close down manufacturing facilities throughout the ...

Disney To Release Remaining 2021 Films

Disney To Release Remaining 2021 Films Exclusively First In Theaters

Reportedly, Walt Disney Co (DIS), announced to release of the rest of its 2021 films exclusively in theaters before streaming them on Disney+, strengthening hope for theatres to rebound. Earlier during the pandemic, the entertainment giant had released some movies on its streaming service and theate...

Rare Cannabinoids

BayMedica Acquisition Propels InMed (NASDAQ: INM) Into Leadership Role In Manufacturing & Commercialization of Rare Cannabinoids

Beyond the well-known cannabinoids of THC and CBD, there’s a whole world of rare cannabinoids. Indeed, there are more than 100 rare cannabinoids that have been found in the Cannabis plant, including CBG, CBN, CBC and THCV with unique properties that are believed to have a wide range of health ben...

bonuses for store workers

Walmart To Ditch Quarterly Bonuses For Store Workers

Walmart Stores, Inc. (WMT) to end its decades-old quarterly bonuses for store workers as it implements hourly wage raises for employees, as per a Wall Street Journal report. It was further informed that Walmart would scrap the benefit, dubbed MyShare, at the end of its fiscal year on Jan. 31, and ro...

McDonald closing indoors

McDonald’s In Talks To Close Indoor Seating As Delta Variant Cases Surge

Reportedly, McDonald’s Corporation (MCD) and some U.S. fast-food restaurants are closing indoor seating areas or limiting hours of operation because of the rapidly spreading Delta variant of COVID-19. Early 2020, McDonald's Corp had temporarily closed indoor dining at nearly all U.S. locations but...

Streaming Services

Disney ($DIS) Consolidating Streaming Services To Disney Bundle

Reportedly, The Walt Disney Company (DIS) is moving content from its streaming services Hotstar to its ESPN+ and Hulu streaming platforms in the United States. Disney, with 174 million paying customers across its four streaming services, is slowly consolidating its content into a Disney Bundle, whi...

Aluminum Can

Coca-Cola UK Bottler Facing Aluminum Can Shortages

Reportedly, the Coca-Cola (KO) bottling business for the UK and Europe is facing supply chain issues from a “shortage of aluminum cans.” The social uproar of the scarcity of Diet Coke and Coke Zero products in recent weeks has been raised by customers. Coca-Cola Europacific Partners (CCEP) told...

walmart hiring

Walmart Looking To Hire 20k Supply Chain Workers & Raise Wages As Holiday Season Approaches

Reportedly, Walmart Stores, Inc. (WMT) plans to hire 20,000 workers at its supply chain division and raise wages as the busy holiday season approach anticipating higher demand. The hiring will come across part-time and full-time jobs, across more than 250 Walmart and Sam's Club distribution centers,...

Walgreens

Walgreens To Increase Pay Recognizing Critical Role Of Team Members In Service

Reportedly, Walgreen Boots Alliance (WBA) announced to increase the hourly wage for all team members to $15.00 an hour. The implementation will come in phases starting this year in October and is expected to be fully in place by November 1, 2022. During the pandemic, Walgreens has made additional i...

Walgreens 3 Significant Executive Leadership Positions

Walgreens Announces 3 Significant Executive Leadership Positions

As per reports, Walgreen Boots Alliance (WBA) announced the appointment of three significant executive leadership positions, Jeff Gruener has been Appointed as SVP and Chief Financial Officer, Walgreens. Danielle Gray to lead as EVP and Global Chief Legal Officer, Walgreens Boots Alliance. T...

Disney's Cruise Line

Disney’s Cruise Line Issues Mandatory Vaccination Proof For Florida To Bahamas Trips

As per reports, Walt Disney Co's  (DIS) cruise line has announced mandatory Covid-19 vaccination proof of all passengers above 12 years of age, traveling from Florida to the Bahamas as COVID-19 Delta variant cases across the United States surge. Travelers below the age of 12 will need a negative CO...

Coca-Cola Teams Up With Lime

Coca-Cola Teams Up With Leading Provider Of Shared Electric Vehicles (Lime) Rewarding Consumers For Recycling

Reportedly, the Coca-Cola Company (KO) announced a partnership with the world’s leading provider of shared electric vehicles, Lime, rewarding people for their commitment to recycling. The companies are offering more than 40,000 free bike or e-scooter rides to people who purchase and pledge to recy...

Coca-Cola Announces Retirement Of Herbert A. Allen

Coca-Cola Announces Retirement Of Longest-Serving Current Member Of Board Herbert A. Allen

As per reports, the Coca-Cola Company (KO) today announced that Herbert A. Allen, 80 has retired as a director effective Aug. 18, stepping down after 39 years of service. Allen was the longest-serving current member of the company’s board of directors. Allen’s retirement brings down the Coca-Col...

Walmart GoLocal

Walmart’s Launches Walmart GoLocal A ‘New Delivery As A Service’ Business Diversifying Its Revenue Streams

Reportedly, Walmart Stores, Inc. (WMT) announced the launch of its new line of business, Walmart GoLocal, extending its expertise in delivering goods to customers from businesses of all sizes. The service will help businesses to grow using Walmart’s delivery capabilities and nationwide coverage at...

Yank milkshakes British McDonald's Menu

Yikes!..Supply Chain Issues Yank Milkshakes From British McDonald’s Menu

As per reports, McDonald’s Corporation (MCD) has taken milkshakes and bottled drinks off the menu at all of its British restaurants as the burger giant is battling with the supply chain issues hitting businesses across the retail and hospitality sector.   "Like most retailers, we are curr...

Nike Schedules Q1 Fiscal 2022 Earnings

Nike Schedules Q1 Fiscal 2022 Earnings Conference Call For Sep 23rd

Reportedly, NIKE, Inc. (NKE) to release its first-quarter fiscal 2022 financial results on Thursday, September 23, 2021, following the close of regular trading hours at approximately 1:15 p.m. PT. The management team to hold a conference call beginning at 2:00 p.m. PT to review results. The event w...

'Black Widow' Lawsuit To Be Settled Through NY Arbitration

Disney Wants Scarlett Johansson’s ‘Black Widow’ Lawsuit To Be Settled Through NY Arbitration

[vc_row][vc_column][vc_column_text] Reportedly, as per the court filing by Disney (DIS) its Marvel blockbuster "Black Widow" brought in $125 million in online revenue. The filing came three weeks after the film's lead, Scarlett Johansson, sued Disney for lost residuals on July 29. Johannson claimed...

McDonald’s Closer To The Goal Of Achieving All Paper Packaging From Sustainable Fiber

Reportedly, McDonald’s Corporation (MCD) informed that it has nearly achieved its goal of sourcing all of its paper food packaging in restaurants from the recycled or sustainable fiber. In its annual sustainability report, the fast-food giant informed that in 2020, 99.6% of the paper bags, food wr...

Walmart Q2 Earnings Exceed Expectations As Market Share Grew In U.S. Grocery

Reportedly, the world’s largest retailer Walmart Stores, Inc. (WMT) exceeded Wall Street's Q2 revenue and sales estimates driven by store traffic and high grocery sales. The retailer reported an adjusted EPS of $1.78 versus $1.57 expected.  Revenue stood at $141 billion versus $136.88 billion exp...

Walmart On Hunt For Digital Currency/Cryptocurrency Lead?

Reportedly, Walmart Stores, Inc. (WMT) is looking for a digital currency/cryptocurrency lead as more retailers start accepting cryptocurrency transactions.  As mentioned in the job description, the retailer is looking for someone who will "provide the leadership to identify technology and customer...

Walgreens Announces Launch Of New Credit Card Program – Encouraging Health & Wellness Purchases

Reportedly, Walgreen Boots Alliance (WBA) is launching a new credit card program, with two cards focused on rewards for pharmacy purchases as well as used for other health and wellness purchases. One is a Walgreens branded card, and the other one is a MasterCard. The latter has lower rewards thresho...

Walmart To Announce Q2 Earnings On August 17, 2021

As per reports, Walmart Stores, Inc. (WMT) is to announce its Q2 earnings results for the fiscal year 2021 at 6 a.m. CDT on Tuesday, Aug. 17, 2021, followed by a live conference call with the investors at 7 a.m. CDT to discuss and review the results. The event can be reached at https://corporate.wal...

Walmart Announced The Selection of Publicis Groupe To Lead Media Planning & Buying In U.S.

As per reports, Walmart Stores, Inc. (WMT) announced the selection of Publicis Groupe to lead media planning and buying for Walmart U.S., following an extensive agency evaluation for a media AOR to support future growth and brand-building initiatives. "First and foremost, we appreciate all of the e...

Home Depot’s New Distribution Center Expected To Produce ~500 New Jobs To Baltimore

As per reports, The Home Depot, Inc. has opened three new distribution centers in Sparrows Point's revitalized Tradepoint Atlantic development. The 1.5 million-square-foot campus will provide nearly 500 new full- and part-time jobs to Baltimore and also enable faster delivery options to customers in...

Nike Schedules Quarterly Dividend Payable Oct 1

As per reports, NIKE, Inc. (NKE) declared its quarterly cash dividend of $0.275 per share to stockholders of record at the close of business on August 30, 2021. The dividend is applicable to the company’s outstanding Class A & Class B Common Share, payable on October 1, 2021.   NIKE, ...

Walmart Adds Educational Benefits For Its Full & Part-Time ~1.5M Employees

Reportedly, Walmart Inc (WMT) announced it plans to bear the complete cost of college tuition and books for its full and part-time employees (roughly 1.5 million), starting August 16. Walmart has been criticized for years as thousands of its workers are below the poverty line, and it has also been c...

P&G Reports Q4 Earnings Estimates – Cautions About Rising Commodity & Transport Costs

The Procter & Gamble Company (PG) beat quarterly earnings estimates boosted by higher demand for its skin and health care products but raised concerns over rising commodity and freight costs that would dig a $2 billion loss out of its earnings this year. David Taylor's replacement, Chief Operati...

Jon R. Moeller Announced As P&G’s Chief Executive Officer & President Succeeding David Taylor

As per reports, the Procter & Gamble Company (PG) announced that Jon R. Moeller, Vice Chairman, and Chief Operating Officer, will succeed David Taylor as the company’s President and Chief Executive Officer, effective November 1, 2021. He has been appointed to the Company’s Board of Directors...

Scarlett Johansson a.k.a. ‘Black Widow’ Wages Legal Battle Against Disney

Reportedly, Disney’s (DIS) decision to release “Black Widow” on Disney Plus and theatres at the same time as via its streaming service Disney+ has led to a legal battle with Scarlett Johansson, the actress playing the Marvel superhero. Attorneys for Johansson filed the lawsuit in Los Angeles S...

McDonald’s Q2 Earnings Beat Market Estimates

Reportedly, McDonald’s Corporation (MCD) released second-quarter earnings, beating market estimates as the fast-food giant’s February launched chicken sandwich and its “famous orders” promotion with K-pop group BTS, which includes an order of McNuggets and special sauces boosted U.S. same-st...

McDonald Introduces New Unit Focusing On Driving Growth Through Global App & New MyMcDonald’s Rewards Program

Reportedly, McDonald’s Corporation (MCD) is bringing its digital, data analytics, marketing, restaurant development, and operations segments into one unit, the fast-food giant is focusing on driving growth through its global app and new MyMcDonald's Rewards program. McDonald's Rewards was launche...

Disney To Resume Cruise Line Sailing From U.S. Ports Starting August

Reportedly, Walt Disney Co's (DIS) cruise unit to start operations from U.S. ports again next month in August, after a months-long pause due to the pandemic. The cruise, Disney Dream is scheduled to depart from Port Canaveral, Florida on Aug. 9 to the Bahamas. Passengers over 12 years of age will r...

Coca-Cola Beats Estimates As Demand Bounces For Beverages At Theaters, Restaurants, Stadiums

The Coca-Cola Company (KO) reported strong Q2 figures as demand bounces back for its beverages as theaters, restaurants, and stadiums reopen. Revenue in Coca-Cola's North America business increased 28% in the second quarter as public venues reopened and restrictions eased out across the United State...

Walmart Partners With Tween Brand ‘Justice’ (Owned By Bluestar Alliance)

As per reports, Walmart Stores, Inc. (WMT) announced a new collaboration with the Justice brand, bringing its popular tween assortment to even more girls just in time for back to school, with Justice’s signature line of fresh, trend-inspired designs across tween apparel, accessories, and home on W...

Walgreens Increases Quarterly Dividend, Payable Sep 10

As per reports, the board of Walgreens Boots Alliance, Inc. (WBA) has increased the quarterly dividend by 2.1 percent, to 47.75 cents per share. The dividend is payable on September 10, 2021, to shareholders of record as of August 20, 2021. The increase raises the company's annual rate to $1.91 a sh...

P&G Announces Quarterly Dividend

Reportedly, the Board of the Procter & Gamble Company (PG) declared a quarterly dividend of $.8698 per share on the Series A and Series B ESOP Convertible Class A Preferred Stock and the Common Stock of the Company payable on or after August 16, 2021. The dividend is payable to shareholders of ...

A Trend Continues -Disney Increases Monthly, Annual Fees For ESPN+

Reportedly, Walt Disney Co (DIS) announced an increase in its monthly and annual subscription fees for sports streaming platform ESPN+ in the United States. The monthly price will increase by $1 to $6.99, and the annual plan will cost $10 more at $69.99. ESPN+ has about 14 million subscribers. These...

J&J Suspends/Recalls Aerosol Sunscreens Over Presence Of Carcinogen In Some Sprays

Reportedly, Johnson & Johnson (JNJ) is voluntarily suspending all lots of five Aveeno and Neutrogena brand aerosol sunscreen products from the market after internal testing identified low levels of a cancer-causing chemical, benzene in some samples. Benzene is known as a human carcinogen, a subs...

Disney’s ‘Black Widow’ Debuts With Impressive $158 Million In Theaters Globally

Reportedly, The Walt Disney Company (DIS) and Marvel's superhero adventure "Black Widow" recorded a massive $80 million in its first weekend, beating records for the biggest opening weekend since the pandemic. The film opened simultaneously in theaters and on Disney Plus on July 7 with Premier Acces...

Disney Hopes High For Its Worldwide “Black Widow” Theatrical Release

The Walt Disney Company's (DIS) "Black Widow" is set for its theatrical release worldwide on July 9 as the entertainment giant is gearing up for a big weekend at the box office. The Marvel movie is premiering 15 months later than the initial plans. Estimates show "Black Widow" could bring in betwee...

Walmart Continues Unveils Project To Promote Climate Change

Reportedly, Walmart Stores, Inc. (WMT) unveiled a project aimed at cutting emissions in a tie-up with the U.N. group COP26 High-Level Climate Action Champions, and the business organization the World Business Council for Sustainable Development along with other retailers H&M, Ikea, and Kingfishe...

Is Nike Losing Out To Chinese Rivals Amid The Xinjiang Cotton Boycott?

As per reports, Chinese sportswear makers are performing better than their global peers fueled by the Xinjiang cotton controversy amid Chinese consumer support in response to the alleged human-rights issues in the Xinjiang region. The incident has boosted at least one local sneaker maker by some 250...

P&G To Release Q4 2020/21 Earnings Results On July 30

Reportedly, The Procter & Gamble Company (PG) to host a webcast of its fourth-quarter earnings results beginning at 8:30 a.m. ET on July 30, 2021. Interested parties can access the live audio webcast at www.pginvestor.com, beginning at 8:30 a.m. ET.   The Procter & Gamble Company (P...

Nike Announces ‘Rawdacious Tokyo Collection’ In Honor Summer Olympics

As per reports, NIKE, Inc. (NKE) has launched its Rawdacious Tokyo Collection in honor of the 2020 Summer Olympics. The collection includes a range of running silhouettes, including the Air Zoom MaxFly ($180), ZoomX Vaporfly Next% 2 ($250), Air Zoom Victory ($180), ZoomX Dragonfly ($150), Air Zoom L...

Is Disney+ Subscriber Growth Sinking?

Reportedly, Disney's (DIS) streaming video subscriber growth has slowed down recently as per the internal data that The Information reviewed. The reports informed that Disney+ had little more than 110 million total subscribers late in the third fiscal quarter versus 103.6 million in the second quart...

Walmart Introduces New Digital Offers With A Leading U.S Cash Back Rewards Platform, Ibotta

Reportedly, Walmart (WMT) has entered a strategic agreement with a leading cashback rewards platform in the United States, Ibotta to create and launch a new digital offers program on Walmart.com and the Walmart app. With the new program, Walmart customers will have access to hundreds of cash rebate...

Walt Disney To Release Of Q3 2021 Financial Results Via Webcast August 12, 2021

Reportedly, The Walt Disney Company (DIS) to release fiscal third-quarter 2021 financial results beginning at 4:30 p.m. ET / 1:30 p.m. PT on Thursday, August 12, 2021, via a live audio webcast. Interested parties can listen to the webcast, at www.disney.com/investors.   Dow 30 Component, Th...

Walmart Extends Relationship With Inovalon & The Inovalon ONE® Platform To 2028

Reportedly, Walmart Stores, Inc. (WMT) has expanded and extended its partnership with Inovalon, a noted provider of cloud-based platforms empowering data-driven healthcare. The partnership will assist Walmart with cloud-based capabilities through the Inovalon ONE® Platform in its extensive network ...

The Home Depot Offers Online Rental Reservations – Opens 8 New Rental Locations

Reportedly, The Home Depot, Inc. (HD) is upgrading the customer experience at its 1,300 rental locations with the launch of new "Rent Online, Pick-up In Store" technology, saving Pro and DIY customers time and trips to the store. Ranging from demolition tools like breakers and concrete saws to lands...

McDonald’s To Introduce Loyalty Program Across The United States Beginning In July

Reportedly, McDonald’s Corporation (MCD) will introduce its U.S. loyalty program across the country at participating restaurants starting on July 8. Late last year in a few markets, McDonald's' started testing its MyMcDonald's Rewards program, allowing subscribers on its app to earn points that t...

Walmart Invests In DroneUp Further Positioning For Delivery

Reportedly, Walmart Stores, Inc. (WMT) has invested in drone delivery company, DroneUp following a pilot last year with automated deliveries of COVID-19 nasal swab test kits as the company aims for drone deliveries in large numbers. "The trial demonstrated we could offer customers delivery in min...

Cristiano Ronaldo Chooses Water Over Coca Cola ‘Shaving Value’ From The Beverage Giant’s Shares

Reportedly, Coca-Cola’s share price dipped by $4bn (£2.8bn) after Cristiano Ronaldo, captain of Portugal national football team removed two bottles of the carbonated drink in front of him as he sat down to speak to the media at Euro 2020 press conference ahead of  Group F opener against Hungary,...

Ronaldo, Pogba Ditch Coke & Beer At Euro 2020 Conference

Reportedly, France midfielder Paul Pogba, a practicing Muslim removed a bottle of Heineken beer in front of him at a Euro 2020 news conference. A day after, Portugal captain Cristiano Ronaldo also removed two Coca-Cola (KO) bottles as he sat down to speak to media ahead of the Group F opener agains...

P&G Informs Of Rise In Commodity & Freight Costs For This Fiscal Year

Reportedly, Procter & Gamble Co's (PG), Chief Financial Officer, informed that freight and commodity costs have amounted to around $600 million after-tax so far, this fiscal year exceeding prior expectations of more than $200 million in freight costs and about $125 million in commodity costs. T...

Walgreens Collaborates With Uber Eats Now Offering Same-Day Delivery From +7,800 Stores In US

As per reports, Walgreen Boots Alliance (WBA) has collaborated with Uber Technologies (UBER) to offer products directly on the Uber Eats platform to customers across the United States. Customers can get health and wellness, beauty and personal care, household essentials, over-the-counter medications...

Verizon Business Launches Commercial Private 5G In U.S

Reportedly, Verizon Business (VZ) has launched its first commercially available private 5G network in the U.S. to offer businesses and government departments high-speed indoor or outdoor connectivity. 5G network removes the need for businesses to jostle for speed with others on a public network and ...

Tesla Launches Ridiculously Fast Model S Plaid With 390-Mile Range

Reportedly,  Tesla (TSLA) launched its Model S Plaid last week, the car is equipped with a 390-mile range and has the power to accelerate from zero to 60 miles per hour in less than two seconds. The interior features a steering yoke instead of a wheel and an 8-inch display in the back. It also has ...

Walmart Announces Community Academy Program Offering Free Educational Opportunities

Walmart Stores, Inc. (WMT) is offering free classes to the public for personal and career investment as an initiative to give back to the community. Andy Trainor, Vice President of Learning, released a statement stating details about the Community Academy initiative. The program aims to help commun...

Nike Launches “Be True” Collection Celebrating Pride 2021

NIKE, Inc. (NKE) & its subsidiary, Converse continue to celebrate the LGBTQIA+ community with their colorful new footwear. Nike has celebrated its Pride Month with its “Be True” collection since 2012. Nike’s “Be True” footwear and apparel collection, offers each sneaker a velcro patch ...

Walgreens Schedules Third-Quarter Earnings Release On July 1, 2021

Reportedly, Walgreen Boots Alliance (WBA) is now scheduled to release its fiscal third-quarter, 2021 earnings results on Thursday, July 1, 2021, at 7 a.m. ET, followed by a one-hour conference call with WBA management beginning at 8:30 a.m. ET. The live call can be reached at http://investor.walgre...

Walmart Set To Give Nearly Half Of Its U.S Store Employees Free Samsung Galaxy XCover Pro Smartphones

Walmart Stores, Inc. (WMT) is set to give more than 740,000 of its U.S employees, Samsung Galaxy XCover Pro smartphones, cases, and protection plans by the end of the year allowing them to use an app the company has developed to manage shifts, clock in, and stay in "constant communication." The app ...

Verizon Announces Quarterly Dividend

Reportedly, the Board of Verizon Communications Inc. (VZ) declared a quarterly dividend of 62.75 cents per outstanding share payable on August 2, 2021. The dividend is payable to shareholders of record at the close of business on July 9, 2021. “We remain committed to delivering value to our sha...

Bob Iger, Disney Chairman, Sells Nearly $100M In Shares

 Reportedly, the Walt Disney Company (DIS) Chairman Bob Iger, 70, sold $98.7 million worth of shares in the company as an effort to diversify his portfolio. Iger disposed of 550,570 shares at an average price of $179.21 on June 1, which cut the shares he owns directly by 50% to 555,865. “The v...

Verizon Offering Offering free Apple & Android Phones To Sign Up For Unlimited 5G Plans

As per reports, Verizon Communications, Inc. is offering free Apple and Android phones to customers who sign up for its unlimited plans on its faster 5G network. The largest U.S. wireless carrier is now matching similar trade-in offers from AT&T Inc. and T-Mobile US Inc. in an effort to reverse...

Russia Issues Warning To Disney Against Distribution Of Its Short Film “Out” Featuring Gay Character

As per reports, Russia's communications regulator Roskomnadzor warned Walt Disney Co (DIS) against distributing content of its short film, "Out", which features a gay main character, stating it portrays harmful content to the children in Russia. Disney+ released “Out" in the United States last yea...

GAP To Launch Home Products Line On Walmart.com

Reportedly, Gap Inc. is launching its new brand of home products that will be available exclusively on Walmart's (WMT) website in June, making it the first fashion retailer to get into a multi-year partnership with Walmart in home furnishing. The home goods market has witnessed increasing demand ove...

Nike Schedules Fiscal Q4 2021 Earnings Release On June 24

As per reports, Nike Inc (NKE) to release its fourth-quarter fiscal 2021 financial results at approximately 1:15 p.m. PT on Thursday, June 24, 2021, followed by a conference call at 2:00 p.m. PT to review the results by the management team. The live call can be reached at http://investors.nike.com....

McDonald’s Announces Quarterly Cash Dividend Payable On June 15

Reportedly, the board of McDonald’s Corporation (MCD) declared a quarterly cash dividend of $1.29 per share to common stockholders of record at the close of business on June 1, 2021. The dividend is payable on June 15, 2021. McDonald’s Corporation (MCD) is the leading global foodservice retaile...

McDonald’s U.K. Supplies ‘Derailed’ Due To Protest By Vegan Activists

Reportedly, animal rights activists have blocked supplies of an approx of 1,300 U.K. restaurants operated by McDonald’s Corporation (MCD) in an attempt to convince the fast-food giant to include an entirely plant-based menu. Around 50 Animal Rebellion protesters have blocked all four of the compan...

Walmart Exceeds Q1 Estimates – Raises Outlook

Dow 30 component, Walmart Stores, Inc. (WMT) reported strong first-quarter earnings, witnessing a strong push from e-commerce and grocery sales. Key Highlights: Walmart reported an adjusted EPS of $1.69 versus $1.21 expected. Revenue stood at $138.31 billion versus $131.97 billion expected fo...

Verizon Opens Recruitment Nationwide For 1,000 Roles, Amid Surge In Customer Demand

Reportedly, Verizon Communications, Inc. (VZ) is launching its largest recruitment effort in more than five years to handle the demand around 5G, new devices, and gaming, along with increasing customer visits to its nationwide stores. The company is adding more than 1,000 retail positions to ensure ...

Disney World Revises Mask Rules As Per Latest CDC Guidelines

Reportedly, Disney World, and other amusement parks have updated their mask policy following the latest guidance from the Centers for Disease Control and Prevention Masks have been made optional in outdoor areas and pool decks at Walt Disney Inc's Disney World in Orlando, Florida, from May 15. Howe...

Coca-Cola Announces The Discontinuation Of Coca-Cola Energy In North America

As per reports, the Coca-Cola Company (KO) is discontinuing its energy drink, Coca-Cola Energy,  in North America just over a year after it was rolled out. The beverage giant will focus on its fast-moving beverages as consumers pick up more of its traditional sodas and flavored sparkling waters as ...

Nike Looks Forward To Phased Return Of Employees To Office

Reportedly, NIKE, Inc. (NKE) is preparing for a phased return of its employees to its offices subject to the employee's geographical location. As COVID-19 vaccinations are in full swing, the sportswear giant is one of a growing number of companies planning for life after the pandemic. A phased retu...

Walmart Schedules First Quarter Earnings Release On May 18, 2021

As per reports, Walmart Stores, Inc. (WMT) will release its first-quarter earnings results at 6 a.m. CDT on Tuesday, May 18, 2021, followed by a live conference call with the Investment Community at 7 a.m. CDT to discuss the results. The call will be hosted by Doug McMillon, President & CEO, an...

Walmart Allowing Fully Vaccinated Employees To Ditch Their Mask

Reportedly, Walmart Stores, Inc. (WMT) to allow fully vaccinated workers without masks at work following the latest guidelines issued from the U.S. Centers for Disease Control and Prevention. As per an internal memo issued by the retailer to U.S. stores, Sam’s Clubs, and supply chain facilities, u...

Disney Reports Mixed Second-Quarter Earnings – Disney+ Miss Expectations

The Walt Disney Company (DIS) reported mixed fiscal second-quarter earnings, as the entertainment giant added fewer new subscribers than expected for its streaming service, Disney+. The company closed its second quarter with 103.6 million subscribers, missing estimates for 110.3 million. Disney's di...

McDonald’s Announce Increase In Hourly Wages By 10% For +660 U.S. Owned Restaurants

As per reports, McDonald’s Corporation (MCD) is looking to increase the hourly wages by an average of 10%, for more than 36,500 employees at more than 660 of its U.S. restaurants. The move comes as McDonald's employees are planning to strike across 15 cities on May 19 to demand higher wages. The ...

Nike To Pay Quarterly Dividend On July 1

As per reports, the board of Nike, Inc. (NKE) has announced a quarterly cash dividend of $0.275 per share on the outstanding Class A and Class B Common stock to shareholders of record on June 1, 2021, payable on July 1, 2021. NIKE, Inc. (NKE) is the world’s top designer, marketer, and distributo...

Walgreens Collaborates Uber Technologies Inc (UBER), DoorDash Inc, Etc. To Launch Same-Day Delivery

Reportedly, Walgreen Boots Alliance (WBA) has partnered with Uber Technologies Inc (UBER), DoorDash Inc, and others to launch same-day delivery under two hours for its retail products in the United States. The same-day purchases placed via its app or online will be packed by store workers and delive...

Saadia Madsbjerg Named President of The Coca-Cola Foundation & VP of Global Community Affairs for The Coca-Cola Company (KO)

As per reports, Saadia Madsbjerg has been named as the President of The Coca-Cola Foundation and VP of Global Community Affairs for The Coca-Cola Company (KO), effective June 1. Madsbjerg, 44 succeeds Helen Price and will report to Bea Perez, Chief Communications, Sustainability & Strategic Part...

Verizon Selling Media Unit (Yahoo & AOL) To Apollo For $5B

Reportedly, Verizon Communications, Inc. (VZ) to sell its media unit, which includes Yahoo and AOL, to Apollo Global Management Inc for $5 billion, in a move to offload its digital media business. Verizon declared the unit nearly worthless with a $4.6 billion write-down in 2018, as major market gia...

Peter Mitchell Appointed As General Manager For Verizon Connect

Reportedly, Peter Mitchell has been appointed as the general manager of Verizon Connect, an important part of Verizon Business’ product portfolio and also one of the world’s largest SaaS-based fleet management providers. Mitchell expands his role as the company’s chief technology officer. Mit...

Highlights From McDonald’s Q1 Earnings

Fast-Food giant, McDonald’s Corporation (MCD) first-quarter net sales topped pre-pandemic levels, beating Wall Street estimates. The company reported adjusted earnings per share of $1.92 versus $1.81 expected. Fiscal first-quarter net income stood at $1.54 billion, or $2.05 per share, up from $1.1...

Disney – Sony Pictures Deal Bringing “Spider-Man” & Other Movies To Disney+ After Netflix 18-Month Exclusive Period

As per reports, The Walt Disney Company (DIS) has entered a deal with Sony Pictures to play new "Spider-Man" movies and other films to Disney's streaming services and TV networks in the United States after they play on Netflix. The company has also secured rights to offer hundreds of older Sony fil...

Coca-Cola Reports Strong Quarterly Earnings- Remains Positive On Growth Amid Economic Recovery

Reportedly, the Coca-Cola Company (KO) released quarter earnings this week, reporting a revenue of $9.02 billion versus $8.6 billion expected. Adjusted earnings per share stood at 55 cents versus 50 cents expected. The beverage giant reported a fiscal first-quarter net income of $2.25 billion, or 5...

Verizon Reports Strong Q1 2021 Earnings

Verizon Communications, Inc. (VZ) reported first-quarter adjusted earnings that topped estimates. For the quarter ending March, Verizon's adjusted earnings were $1.31 per share, excluding items. Revenues increased 4% to $32.9 billion. A year earlier, Verizon earned $1.26 a share on revenue of $31.6 ...

McDonald’s Introduces Mandatory Anti-Harassment Training To Combat Harassment & Discrimination At Its Restaurants

Reportedly, McDonald’s Corporation (MCD) is planning to make it's 2 million workers take anti-harassment training after the fast-food giant has been accused of series of workplace abuse claims. The new training comes in the light as the company tries to address allegations that it has ignored hara...

Home Depot Sets-Up 3 New Distribution Centers In The West Palm Beach, Miami, & Fort Myers Area

Reportedly, Home Depot, Inc. (HD) has opened three new distribution centers across Florida, from West Palm Beach and Miami to Fort Myers, offering faster delivery options to customers in the South Florida region. The home improvement giant also plans to open two additional Miami distribution center...

Nike Launches Nike Refurbished As A Part Of Its Sustainability Initiative

As per reports, Nike Inc (NKE) will begin refurbishing sneakers including Vapormaxes, Air Max, and Reacts, returned by shoppers and resell them at lower prices, in order to reduce consumer waste as a part of its Move-to-Zero initiative under a business model called Nike Refurbished. In order to qual...

Disney Announces June Opening For Its Disneyland’s Avengers Area

Reportedly, a new avenger themed area to open at Walt Disney Co's (DIS) Disneyland Resort in California on June 4. The area will feature a Spider-Man ride, roaming superheroes, and a shawarma food cart. The addition will come weeks after the resort in Anaheim, about 35 miles southeast of Los Angeles...

McDonald’s Announces Hiring Of 25k Staff In Texas This April

Reportedly, McDonald's Corp (MCD) plans to hire 25,000 people in its restaurants across Texas in April. The burger giant announced it will hire for crew and management positions in a three-day event starting April 13-15. The company runs about 14,000 restaurants in the United States and hires thousa...

McDonald’s Appoints Desiree Ralls-Morrison As General Counsel & Corporate Secretary

As per reports, McDonald’s Corporation (MCD) has appointed Desiree Ralls-Morrison as the company’s global legal operations and corporate governance. Starting office on April 26, 2021, Desiree will be based at the company's Chicago headquarters in the West Loop. Most recently, Ralls-Morrison serv...

Walmart Schedules Virtual Annual Shareholders’ Meet On June 2

Walmart Stores, Inc. (WMT) is scheduled to hold its virtual Annual Shareholders’ Meeting on Wednesday, June 2, 2021, beginning at 10:30 a.m. CDT. The meeting will not be held in a physical location following the Covid-19 norms but will be available online through a live audio webcast, as per repor...

P&G To Release Q3 2020/21 Earnings On April 20

Reportedly, The Procter & Gamble Company (PG) is scheduled to release its third-quarter earnings at 8:30 a.m. ET on Tuesday, April 20, 2021. Interested parties can access the live audio webcast at www.pginvestor.com, starting at 8:30 a.m. ET. The Procter & Gamble Company (PG), a Dow 30 comp...

Disney Announces To Release ‘Black Widow’ & “Cruella,” In Cinemas & Disney+ The Same Day

Reportedly, The Walt Disney Company (DIS) has announced the release of “Black Widow” and “Cruella,” in theatres on the same day as it will be available on its streaming service. “Black Widow,” featuring Scarlett Johansson will debut on Disney+ and in theaters on July 9, and “Cruella”...

Disney To Increase Disney+ Subscription Prices In U.S

Reportedly, The Walt Disney Company's (DIS) is increasing Disney+ subscriptions to $7.99 per month, or $79.99 per year, for U.S. subscribers starting this week. Earlier the subscriptions were priced at $6.99 per month or $69.99 per year. The price hike is the first increase in rates for U.S. consum...

The Coca-Cola Company Schedules Release Of Q1 2021 Earnings For April 19

Reportedly, the Coca-Cola Company (KO) to release its first-quarter 2021 financial results on April 19 before the market opens, followed by an investor conference call at 8:30 a.m. ET to discuss and review the results. Interested parties can join a webcast for this event at www.coca-colacompany.com/...

Walmart Collaborating With American Fashion Designer Brandon Maxwell

As per reports, Walmart Stores, Inc. (WMT) has collaborated with Brandon Maxwell to design its Free Assembly and Scoop apparel brands. Brandon Maxwell is a well-known American designer known for dressing Lady Gaga on numerous occasions, including Met Gala events. Maxwell to act as Creative Director ...

Disney Schedules Release Of Fiscal Q2 Results On May 13

Reportedly, the Walt Disney Company (DIS) will release its fiscal second-quarter 2021 financial results on Thursday, May 13, 2021, after the market closes followed by a review of the same beginning at 4:30 p.m. ET (1:30 p.m. PT). To listen to the webcast, interested parties can visit www.disney.com...

Disney’s Avatar Returns As The Highest-Grossing Film After Its Re-Release In China

As per reports, the blockbuster movie Avatar re-claims its position as the highest-grossing film of the all-time spot after its re-release in China, pushing it above the $2.8bn marks on the last weekend. China has been the top-performing film market since pandemic lockdowns. Avatar debuted in 2009 a...

Disney+ Exceeds 100 Million Subscribers

Reportedly, The Walt Disney Company's  (DIS) Disney+ streaming program has surpassed 100 million new subscribers, reaching the 9-digit subscriber mark in only 16 months of operations as its users continued to grow during the pandemic. The news was welcomed by Disney CEO Bob Chapek during the compan...

Disneyland California & Other Theme Parks To Reopen April 1, With Restrictions

As per reports, The Walt Disney Company's  (DIS) Disneyland and other theme parks in California are expected to reopen from April 1 after nearly a year of closure due to the coronavirus pandemic, subject to their removal from the "purple" tier which is the system's most strict classification for Co...

McDonald’s To Not Lift Ban On Dining In Texas & Mississippi, Even After The States Lift Curbs

Reportedly, McDonald's Corp (MCD) will not lift dining bans for its McDonald’s Texas and Mississippi restaurants, even after the two U.S. states lifted coronavirus curbs easing businesses to operate at full capacity. The fast-food giant informed that it has no plans to make any changes to its Covi...

Disney Gives Us A Taste Of A Post-Pandemic Economy, Shifts Focus On Streaming & Online Services

Entertainment giant, Disney recently announced that it will close 20% of its 300 retail stores globally with additional store closures and an undisclosed number of layoffs to follow, as per reports. The company continues to shift its focus towards its e-commerce business by offering more products an...

Former AT&T Chairman & CEO Randall Stephenson Joins Walmart Board

As per reports, the Board of Directors, Walmart (WMT) has appointed Randall Stephenson, 60, former Chairman and Chief Executive Officer of AT&T Inc., as a new member of the company’s board, effective March 3. Stephenson adds as the 12th member of the board.  Stephenson retired in January of ...

Verizon Announces Quarterly Dividend Payable May 3, 2021

As per reports, the Board of Directors at Verizon Communications Inc. (VZ) announced a quarterly dividend of 62.75 cents per outstanding share, payable on May 3, 2021, to Verizon shareholders as of April 9, 2021. Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications a...

Nike’s North America Head Steps Down

Reportedly, Nike Inc’s (NKE) Ann Hebert, Vice President and General Manager, North America geography, has departed from the company, effective today, March 1. Ann Hebert leaves the company after 25 years of service. The company plans to announce a new head of its North American geography shortly. ...

Disney+ Is A Hit In Households Sans Kids

Walt Disney Co's (DIS) Disney+ streaming service surprisingly has gathered strong interest from adults who do not have kids at home which has substantially increased subscriptions. Disney+ launched in November 2019, has exceeded Wall Street expectations and the company’s forecast. Disney is known...

Walmart’s Express Delivery Gets Much Easier

Reportedly, Walmart Stores, Inc. (WMT) customers now no longer need to meet the minimum order requirement to get the items they need in a hurry, as the retailer removes the $35 minimum order requirement for Express delivery beginning March. Express delivery offers customers to order items from Walma...

Nike Announces Dates For Q3 Fiscal 2021 Earnings & Conference Call

Sports-wear giant, NIKE, Inc. (NKE) to announce Q3 fiscal 2021 earnings at 1:15 p.m. PT on Thursday, March 18, 2021,  after the market closes. NIKE management will host a conference call at 2:00 p.m. PT followed by the release, to review results. The call can be reached live at http://investors.nik...

Walgreens Collaborating With Instacart To Offer Same-Day Delivery

As per reports, Walgreen Boots Alliance (WBA) has expanded its on-demand delivery solutions with the leading online grocery platform in North America, Instacart for consumers across Illinois. Customers can now order from a range of Walgreens favorites, including health and wellness, beauty and perso...

McDonald’s Moves To Include Diversity In Its Workforce – Set To Tie Executive Bonuses

Reportedly, McDonald’s (MCD) will be tying executive bonuses to new goals for diversifying the company and publicly releasing the demographic details of its workforce, for the first time. Under the new guidelines, McDonald's CEO Chris Kempczinski may lose 15% of his approximately $2.25 million an...

Verizon Foundation Donates $250K To Feeding Texas To Support Storm Hit Communities

As per reports, the Verizon Foundation (VZ) is contributing $250K to Feeding Texas to support relief efforts in communities across the state after a recent historic storm. The organization will use the funds to relieve hunger needs, which was further saddened by the storms. Verizon customers can con...

Walmart Reports Strong Q4 Revenue Growth But Saw Increased Costs

Walmart Stores, Inc. (WMT) reported improved Q4 revenue driven by strong e-commerce growth that increased during the COVID-19 pandemic. However, there was an increase in costs due to a pay hike for its frontline workers. The retailer reported adjusted EPS of $1.39 versus $1.50 estimate, revenue stoo...

Travelers Secures Score of 100 on 2021 Corporate Equality Index

Reportedly, The Travelers Companies, Inc. (TRV) has secured a score of 100 on the 2021 Corporate Equality Index, maintaining its position for the sixth consecutive year as a Best Place to Work for LGBTQ Equality. Corporate Equality Index (CEI) is a national benchmarking tool monitored by the Human R...

Boeing’s B. Marc Allen Joins P&G Board Of Directors

Reportedly, the Board of Procter & Gamble Company (PG) has appointed B. Marc Allen, chief strategy officer and senior VP of Strategy & Corporate Development at Boeing Company to its Board of Directors, effective February 10, 2021. Mr. Allen has been with Boeing since 2007 and is responsible ...

Nike Announces Quarterly Cash Dividend

As per reports, Nike Inc. (NKE) will pay a quarterly cash dividend of $.275 per share to all outstanding common stock shareholders of Class A & Class B as of March 1, 2021. The dividend is to be paid on April 1, 2021, as announced by the company's Board of Directors. NIKE, Inc. (NKE) is the wor...

Coca-Cola Introduces 100% Recycled Plastic Bottles In U.S.

As per reports, The Coca-Cola Company (KO) is introducing sodas in bottles made from 100% recycled plastic material in the United States, reducing its use of new plastic by more than 20% across its North American portfolio compared with 2018. The soda and beverage giant has been criticized for being...

Disney Surprises With Massive Rise In Disney+ Subscribers In Q1

The Walt Disney Company (DIS) reported its fiscal first-quarter earnings, riding high on its streaming services. Disney+ subscribers jumped to 94.9 million as of Jan. 2, an increase of 9% from 86.8 million on Dec. 2 and 258% from a year ago. The service is expected to post a bigger revenue boost in...

Coca-Cola Announces Q4 Earnings, Cost-Cut Helps The Beverage Giant MoveThrough Pandemic Times

Beverage Giant, Coca Cola (KO) reported Q4 earnings this week, exceeding estimates but realized lower revenues as the business has suffered due to the coronavirus pandemic. The Company worked on its workforce restructuring and slimmed down its portfolio to deal with the crisis. The company recorded ...

Home Depot Schedules Q4 & Fiscal 2020 Earnings Conference Call On February 23

The Home Depot (HD) to release its fourth-quarter & fiscal 2020 Earnings Conference Call at 9 a.m ET on Tuesday, February 23. A webcast of the call can be reached at http://ir.homedepot.com/events-and-presentations under the icon Fourth Quarter Earnings Conference Call. The same will be archived...

Coca-Cola’s South African Bottler To Revise Black Ownership Stake To 20%

As per reports, Coca-Cola Beverages South Africa (CCBSA) will increase the stake held by black empowerment investors and employees in the company to 20%, in a bid to meet merger conditions specified by competition authorities. The Coca-Cola Company and SABMiller Plc reached an agreement in 2014, un...

Walmart Continues To Strenghten Digital Ad Business Via Acquisition of PaperG

Reportedly, Walmart Stores, Inc. (WMT) to acquire the technology and assets of PaperG Inc., which does business as Thunder Industries and uses automation to create digital ads. Terms of the deal were not disclosed. The deal does not include Thunder's existing customer contracts but includes a major ...

The Home Depot Opens 1.5 million-square-foot Distribution Center In Dallas Creating 1,500 New Jobs

Reportedly, The Home Depot, Inc. (HD) has opened a new 1.5 million-square-foot distribution center in Dallas to fulfill its online orders and store orders. The store is designed to meet customers' delivery needs through various channels, including delivering items directly to customers' homes or fo...

Disney To Makeover Its Jungle Cruise Ride Over Critics Opinion Of Racist Depiction

As per reports, Disney’s (DIS) Jungle Cruise ride in California and Florida to get a makeover after critics accused the Jungle Cruise of displaying "negative depictions" of some cultures. Disney informed that the riverboat attraction would be updated to "reflect and value the diversity of the worl...

Walmart To Bolster Its Advertising Business, Eyeing Its Rival Amazon

As per reports, Walmart Inc. (WMT) is planning to expand its advertising business by adding space for its ads at its U.S. stores along with sharing its massive shopper data with brands. The retailer is looking to challenge its rival Amazon.com Inc. as a media powerhouse, with its vision of achieving...

McDonald’s Earnings Disappoint, As Extended Lockdown Flattened Sales

McDonald’s Corporation (MCD) reported quarterly profit and revenue this week, much below market estimates as the second round of pandemic lockdowns were announced in parts of Europe, hurting the business and affecting the company’s sales growth in the U.S. market too. The burger giant informed t...

Honeywell Selling Performance & Lifestyle Footwear Business to Rocky Brands For ~$230 Million

Reportedly, Honeywell (HON) has entered an agreement with a leading manufacturer of premium footwear and apparel, Rocky Brands to sell its performance and lifestyle footwear business for approximately $230 million, expected to close end of the first quarter of 2021. As per the agreement, Honeywell w...

Walmart To Announce Its Fiscal Q4 Earnings On Feb 18

Reportedly, Walmart Stores, Inc. (WMT) to announce its fourth-quarter financial results at 6 a.m. CST on Thursday, Feb. 18, 2021. The retailer's executive management team will conduct a virtual meeting at 7 a.m. CST following the results to discuss and review the results, along with an update on its...

McDonald’s Board Declares Quarterly Cash Dividend Payable March 15, 2021

The Board of McDonald’s Corporation has declared a quarterly cash dividend of $1.29 per share of common stock payable to all shareholders at the close of business on March 1, 2021, and payable on March 15, 2021. McDonald’s Corporation (MCD) is the leading global foodservice retailer with nearly...

McDonald’s UK Holds Walk-In Takeaways Amid New Lockdown Restrictions

As per reports, McDonald’s (MCD), UK is putting its walk-in takeaway services on temporary hold as the country has imposed new lockdown restrictions following the rising cases of Coronavirus in the country. The burger giant also informed that the dine-in meals will be unavailable temporarily. Driv...

P&G Promises To Advance Healthy Oral Care Habits Among People

As per reports, Procter & Gamble (PG) Oral Care is working to incorporate healthy oral care habits while reducing the impact on the planet through its new environmental sustainability commitments. The platform, "Healthy Smiles. Healthy Lives. Healthy Planet." in association with its oral care br...

P&G Terminates Merger With Billie Inc. Following FTC Lawsuit

As per reports, Procter & Gamble Co (PG) and Billie Inc. have decided to terminate their planned merger agreement, after the U.S. Federal Trade Commission filed a complaint last month aiming to stop the deal on the grounds that the merger would eliminate competition in the wet shave razor market...

Post-it® Brand From 3M Introduces New collection Noted

Reportedly, Post-it® Brand from 3M (MMM) has introduced a new collection of beautifully designed stationery and desktop accessories, Noted. The range offers products like notebooks, planner pads, list notes, acrylic trays, felt tip pens, and more. The new line brings the unmatched technology of Po...

Walmart Expands Its eCommerce Applications With Plug Power Driven Hydrogen & Fuel Cell Solutions

Reportedly, Plug Power, architect of modern hydrogen and fuel cell technology is expanding its relationship with Walmart Stores, Inc. (WMT) by supplying the retailer's e-commerce network with sustainable solutions. GenKey hydrogen and fuel cell solutions offer flexibility, scalability, and fast fuel...

Verizon & Hearst Television Reach Agreement On Terms

As per reports, Verizon Communications, Inc. has reached an agreement with Hearst Television to avoid a New Year's Day blackout of the broadcasting group's channels on Verizon's fiber-optic networks in the U.S, including Boston and Baltimore. The agreement also covers viewers in Manchester, New Hamp...

Discovery+ Streaming Service Launches In U.S On Amazon Fire TV, Roku…

Discovery Inc.’s new streaming service Discovery+ is set to launch in the United States this week on services and platforms like Amazon Fire TV and Roku. The media company has a U.S. distribution deal with Verizon Communications Inc. (VZ) that will make its service available to 50 million customer...

P&G Earnings Top Q2 Expectations – Raises Fiscal 2021 Outlook

The Procter & Gamble Company (PG) announced its fiscal second-quarter revenue this week with an 8% increase in revenue driven by the huge demand for its cleaning products and grooming tools, as the pandemic continued to impact consumer behavior. The consumer giant also raised its fiscal 2021 out...

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