02 December

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Samsung Electronics keeps chairmanship vacant in modest reshuffle

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SEOUL (Reuters) - Electronics giant Samsung Electronics (LON:0593xq) announced a small reshuffle of senior executives on Wednesday without replacing its recently deceased chairman or changing top leadership positions including that of vice chairman Jay Y. Lee. Heir apparent Lee, whose father and Samsung Electronics chairman Lee Kun-hee passed away in October, is currently facing two separate trials that analysts say could...

02 December

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Singapore becomes first country to approve sale of lab-grown meat

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SINGAPORE (Reuters) - Singapore has given U.S. start-up Eat Just the greenlight to sell its lab-grown chicken meat, in what the firm says is the world's first regulatory approval for so-called clean meat that does not come from slaughtered animals. Demand for alternatives to regular meat is surging due to consumer concerns about health, animal welfare and the environment. Plant-based meat options,...

02 December

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Asian stocks rise after vaccine optimism drives Wall St to record highs

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By Jessica DiNapoli NEW YORK (Reuters) - Asian markets were set to climb on Wednesday after Wall Street indexes closed at record highs as investors grow increasingly hopeful about a vaccine to combat rising COVID-19 cases and an economic recovery. "We've had some positive leads, and a combination of optimism around the vaccine,...

02 December

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Salesforce.com Earnings, Revenue beat in Q3

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Salesforce.com (NYSE:CRM) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations. Salesforce.com announced earnings per share of $1.74 on revenue of $5.42B. Analysts polled by Investing.com anticipated EPS of $0.747 on revenue of $5.25B. Salesforce.com shares are up 48.35% from the beginning of the year and are trading at $241.28 , down-from-52-week-high.They are...

02 December

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Jobs, Mnuchin, Retail Results: 3 Things to Watch

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By Christiana Sciaudone Investing.com -- Markets made a quick come back after a soft Monday as stimulus is back on our tongues and vaccines appear to be on the horizon. Europe's inching toward approving Pfizer (NYSE:PFE) and Moderna (NASDAQ:MRNA) vaccines, which is good news as U.S. infections ramp up amid the holiday season. House Speaker...

02 December

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Bezos’ Blue Origin taps former Pentagon, NASA officials for new advisory board

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By Joey Roulette WASHINGTON (Reuters) - Blue Origin said on Tuesday it formed a new advisory board of former Pentagon and NASA officials, as billionaire Jeff Bezos' space company vies for lucrative government contracts and readies its first orbital rocket for debut next year. The seven-person board will "provide strategic counsel on the...

02 December

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Dow Pares Gains, but Stimulus & Vaccine Hopes Keep Market Strong

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By Yasin Ebrahim The Dow pared some gains but closed higher on Tuesday as renewed hopes for fiscal stimulus and positive vaccine news lifted investor sentiment and eased worries about Covid-19 infections across the U.S. The Dow Jones Industrial Average climbed 0.63%, or 185 points. The S&P 500 was up 1.13%, while the Nasdaq Composite rose 1.28%. Pharmaceutical giants Pfizer ...

02 December

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Salesforce to buy workplace app Slack for about $26 billion

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(Reuters) - Salesforce.com Inc (NYSE:CRM) agreed to buy workplace messaging app Slack Technologies Inc for about $26 billion in its biggest deal, as the cloud-computing pioneer bolsters its remote-work offerings and takes on larger rival Microsoft Corp (NASDAQ:MSFT). Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce...

02 December

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Disney consolidates TV studios as part of focus on streaming

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LOS ANGELES (Reuters) - Walt Disney (NYSE:DIS) Co said on Tuesday it had consolidated its television studios into two units as the company restructures operations to emphasize streaming media. Karey Burke, who has been president of ABC Entertainment, will now head the 20th Television unit, Disney said in a statement. Jonnie Davis will continue oversight of the second unit,...

01 December

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Biden Calls on Congress to Pass ‘Robust’ Stimulus Package

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(Bloomberg) -- President-elect Joe Biden on Tuesday urged Congress to pass a “robust package” to deal with the economic crisis wrought by the coronavirus pandemic. Biden spoke in Delaware to introduce his proposed economic team for his incoming administration. His remarks came as a bipartisan group of lawmakers in the House and Senate unveiled...

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News

Samsung Electronics keeps chairmanship vacant in modest reshuffle

Singapore becomes first country to approve sale of lab-grown meat

Asian stocks rise after vaccine optimism drives Wall St to record highs

Salesforce.com Earnings, Revenue beat in Q3

Jobs, Mnuchin, Retail Results: 3 Things to Watch

Bezos’ Blue Origin taps former Pentagon, NASA officials for new advisory board

Dow Pares Gains, but Stimulus & Vaccine Hopes Keep Market Strong

Salesforce to buy workplace app Slack for about $26 billion

Disney consolidates TV studios as part of focus on streaming

Biden Calls on Congress to Pass ‘Robust’ Stimulus Package

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