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Adobe’s CFO is helping steer the company’s path into generative AI
Adobe’s CFO is helping steer the company’s path into generative AI
Jan 15, 2024
  Generative AI: Adobe's Finance Organization Embraces Innovation   Introduction  Adobe, a leading software company, is charging full steam ahead towards a future powered by generative AI products, with finance playing a pivotal role in this transformative journey. Dan Durn, CFO and EVP of finance, technology services, and operations at Adobe, emphasizes the significance of the finance organization's involvement in strategic discussions, understanding...
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Jan 15, 2024
  Former Citibank Analyst's Unfair Dismissal Claim Rejected   Employee Lied About Food Expenses  A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer.   Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Nov 29, 2023
November has turned out to be the best month of the year so far for the Nifty, with the index gaining 5.5% so far ahead of Thursday's monthly F&O expiry.
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Gas cylinder explosion in Mumbai: 6 injured, 11 rescued from collapsed houses
Nov 29, 2023
Six persons, including a 47-year-old woman, were injured in the incident. All of them were admitted to the nearby Shatabdi Hospital. They are being treated at the Out-patient Department (OPD) of the hospital and their condition is stable.
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Sector Update: Tech
Sector Update: Tech
Jul 8, 2025
01:08 PM EDT, 07/08/2025 (MT Newswires) -- Tech stocks were higher Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.5% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.7%. The Philadelphia Semiconductor index rose 2.2%. In corporate news, GlobalFoundries ( GFS ) shares jumped nearly 7% after it agreed to buy MIPS, a supplier of AI and...
US STOCKS-Wall St stalls as investors grapple with Trump's latest tariff jolt
US STOCKS-Wall St stalls as investors grapple with Trump's latest tariff jolt
Jul 8, 2025
* Indexes: Dow down 0.13%, S&P 500 up 0.02%, Nasdaq up 0.03% * Tesla stock up after steep losses in previous session * Minutes of Fed June rate meeting due on Wednesday * Solar stocks fall as Trump seeks to end tax credits (Updates with early afternoon prices) By Pranav Kashyap and Nikhil Sharma July 8 (Reuters) - The S&P...
US Equity Indexes Mixed in Midday Trading
US Equity Indexes Mixed in Midday Trading
Jul 8, 2025
12:31 PM EDT, 07/08/2025 (MT Newswires) -- US equity indexes traded mixed after President Donald Trump said that tariffs against a broad group of trading partners would take effect Aug. 1, with no extensions granted. The Nasdaq rose 0.3% to 20,457.1, the Dow Jones Industrial Average fell 0.2% to 44,337.4, and the S&P 500 was little changed at 6,228.49 after...
Exchange-Traded Funds Rise, US Equities Mixed After Midday
Exchange-Traded Funds Rise, US Equities Mixed After Midday
Jul 8, 2025
01:14 PM EDT, 07/08/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) was up 0.2%. US equity indexes traded mixed after midday on Tuesday as traders assessed President Donald Trump's post on Truth Social that tariffs against a broad group of trading partners would take effect Aug. 1, with...
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Factbox-Companies sell their businesses in Russia
Factbox-Companies sell their businesses in Russia
Mar 28, 2024
(Reuters) - Some Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. The moves, part of a broader corporate exodus from Russia, have prompted concerns that Russian companies and institutions are snapping up...
Xiaomi takes aim at Tesla in Chinese auto market with $29,870 electric car
Xiaomi takes aim at Tesla in Chinese auto market with $29,870 electric car
Mar 28, 2024
BEIJING (Reuters) -Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla's Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China. During the two hour-long event, Xiaomi CEO and founder Lei Jun told a packed room whose attendees including the bosses...
Industry Comparison: Evaluating Analog Devices Against Competitors In Semiconductors & Semiconductor Equipment Industry
Industry Comparison: Evaluating Analog Devices Against Competitors In Semiconductors & Semiconductor Equipment Industry
Mar 28, 2024
In the fast-paced and cutthroat world of business, conducting thorough company analysis is essential for investors and industry experts. In this article, we will undertake a comprehensive industry comparison, evaluating Analog Devices ( ADI ) in comparison to its major competitors within the Semiconductors & Semiconductor Equipment industry. By analyzing crucial financial metrics, market position, and growth potential, our objective...
Competitor Analysis: Evaluating Adobe And Competitors In Software Industry
Competitor Analysis: Evaluating Adobe And Competitors In Software Industry
Mar 28, 2024
In the fast-paced and highly competitive business world of today, conducting thorough company analysis is essential for investors and industry observers. In this article, we will conduct an extensive industry comparison, evaluating Adobe in relation to its major competitors in the Software industry. Through a detailed examination of key financial metrics, market standing, and growth prospects, our objective is to...
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Sierra Metals Names Board Chair
Sierra Metals Names Board Chair
Jun 27, 2024
08:02 AM EDT, 06/27/2024 (MT Newswires) -- Sierra Metals ( SMTSF ) said Thursday that it has appointed Miguel Aramburu as chair of the board. Aramburu currently serves on the board of Stracon S.A.C., a mining contractor; Minsur S.A., a Peru-based mining and exploration company; El Comercio, a news and TV media conglomerate; and Visiva, an education conglomerate. ...
Vista Outdoor to Adjourn Special Stockholder Meeting, Confirms Revised Proposal From MNC Capital
Vista Outdoor to Adjourn Special Stockholder Meeting, Confirms Revised Proposal From MNC Capital
Jun 27, 2024
07:55 AM EDT, 06/27/2024 (MT Newswires) -- Vista Outdoor ( VSTO ) said Thursday that it will adjourn the special meeting of stockholders scheduled for July 2 on July 23 to allow the company to engage with stockholders before voting on a recent acquisition proposal. The company confirmed receiving a revised unsolicited indication of interest from MNC Capital to acquire...
Car affordability affecting auto lending market, study shows
Car affordability affecting auto lending market, study shows
Jun 27, 2024
June 27 (Reuters) - A study on loans for buying automobiles in the United States has found that weaker consumer budgets are negatively impacting loan payments for some borrowers, credit reporting agency TransUnion ( TRU ) said on Thursday. WHY IT'S IMPORTANT U.S. consumers are continuing to hold back on big-ticket purchases and being careful with their spending amid inflationary...
LinkedIn co-founder's background-checking startup KarmaCheck raises $45 mln
LinkedIn co-founder's background-checking startup KarmaCheck raises $45 mln
Jun 27, 2024
June 27 (Reuters) - KarmaCheck, a background-checking startup led by LinkedIn co-founder Eric Ly, has raised $45 million in a funding round led by Parameter Ventures. The San Francisco-based company said on Thursday that it will use the funds to accelerate the development of its technology and expand into new industry verticals. WHY IT'S IMPORTANT KarmaCheck is among a host...
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