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Family offices piled into oil after capital dried up. The recent rally has made for big gains
1+ mon, 2+ week ago (696+ words) The Iran war has propelled oil prices to above $94 a barrel, up about 30% since the conflict began in late February. That rally has been a boon for investment firms of ultra-wealthy families who made opportunistic bets on oil in recent…...
Oil market at 'tank bottoms' in Asia, and Europe isn't far behind, Carlyle's Currie says
33+ min ago (540+ words) Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U. S. potentially facing shortages by July, Jeff Currie, Carlyle's chief strategy officer of energy pathways, said Monday, underscoring the global energy shock due to the Iran…...
Dick's Sporting Goods to shutter some Foot Locker stores to protect profits
5+ mon, 4+ week ago (546+ words) Dick's Sporting Goods is planning to close a slew of Foot Locker stores now that its acquisition of the sneaker company is complete, the company said Tuesday when announcing fiscal third-quarter earnings." It's unclear how many stores Dick's plans to…...
Abbott's quarter disappoints again: We're downgrading it and considering what to do next
7+ mon, 1+ week ago (31+ words) Shares of Abbott Laboratories fell 3% on Wednesday after the diversified health-care company delivered another less-than-stellar quarter. Revenue in the third quarter ended Sept. 30 rose 6. 9% to. .....
Industrial name with AI ties makes a key move to boost its growing data center business
1+ year, 2+ week ago (32+ words) Dover, an American industrial company founded more than 70 years ago, is strengthening its foothold in a fast-growing market shaping the future of computing. The news Illinois-based Dover on Monday. .....
Best Buy names Jason Bonfig as new CEO, replacing Corie Barry in late October
1+ mon, 2+ day ago (867+ words) Best Buy said Wednesday that company veteran Jason Bonfig will succeed Corie Barry as the retailer's CEO on Oct. 31, taking over as Best Buy tries to break a run of stagnant sales. Bonfig, 49, is chief customer, product and fulfillment officer…...
Microsoft's diversity chief is leaving as company continues 'AI-powered transformation"
1+ mon, 4+ week ago (426+ words) Microsoft chief diversity officer Lindsay-Rae Mc Intyre is the latest executive to leave the software company as it enacts human resources changes to capitalize on growing artificial intelligence demand. Mc Intyre will leave at the end of March to become…...
Striking defense workers reject Boeing contract offer
8+ mon, 1+ week ago (372+ words) Striking Boeing defense workers in Missouri voted Friday against the company's latest offer of a modified contract deal, according to the union representing the workers. More than 3, 000 workers in the St. Louis area will remain on strike, the first walkout…...
Microsoft plans first-ever voluntary employee buyout for up to 7% of U. S. workforce
1+ mon, 8+ hour ago (317+ words) Microsoft will offer voluntary buyouts to some U. S. employees, a first for the 51-year-old software giant, as the tech industry grapples with major changes sparked by the artificial intelligence boom. About 7% of U. S. employees are eligible, according to a person familiar with…...
Etsy stock pops 14% on sale of Depop to e Bay for $1. 2 billion
3+ mon, 6+ day ago (456+ words) Etsy shares skyrocketed more than 14% in extended trading on Wednesday after the company announced e Bay would acquire its secondhand clothing reseller Depop for about $1. 2 billion in cash. The deal comes almost five years after Etsy bought Depop for roughly…...