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CEO projects share of sales will double as companies integrate technology into operations
...Andy Jassy, Amazon’s chief executive, sold $21.1mn of stock this year, compared to $23.6mn in 2023 and 2022 combined....
...He expected xinchuang servers to account for 23 per cent of total China server shipments in 2026. “The purchasing guidance has made the xinchuang policy more actionable for officials,” he added....
...Ogilvy, which has previously worked with a host of pharma groups including Pfizer and Johnson & Johnson, is launching a business that offers vetted influencers to talk about illnesses and possible solutions...
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...On Wednesday, Epic disclosed an email dated February 23 in which Apple executive Phil Schiller requested “written assurance” from Epic that it was “acting in good faith” with Apple, and confirmed the termination...
...Diamond output for De Beers slumped 23 per cent in the first quarter, as production was cut in response to a slow recovery in demand amid a pullback in luxury spending and the proliferation of lab-grown...
...Samsung, which launched its latest flagship Galaxy S24 phone in January, had a 23 per cent share after shipments fell just under 1 per cent year on year to 60.1mn....
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...The group reported margins for its auto business of 23.02 per cent last year, 2.63 percentage points higher compared with the previous year....
...But the groups “would prefer to solve their own problems, as opposed to have politicians solve it”, he said....
...The group estimated the rule would cost airlines $33bn over 10 years....
Purchase shines light on wealth accumulated by longtime chief executive Rich Handler
...First-quarter revenue fell to $21.3bn from $23.3bn in the same period last year, missing analysts’ expectations for $22.3bn....
...But the outlook for big banks has improved with the market now only expecting the Fed to make between two and three rate cuts over the course of 2024 from their current 23-year high of 5.25 per cent to 5.5...
...Diamond output for Anglo American’s De Beers slumped 23 per cent in the first quarter, as production was cut in response to an expected slow recovery in demand given the pullback in luxury spending and the...
...Musk’s pivot to moonshots since then has been dramatic, so Tesla’s first-quarter results due April 23 are probably going to be awful....
The American economist who once said the age of rapid innovation was over has a striking prognosis about AI
...The group of senior class A and subordinate class B bonds are securitised at the operating companies....
...Its $23.9bn of revenue in 2023 is about 15 per cent lower than a decade ago. Full-year net income of $105mn ranks among the lowest in two decades. Only 2009 and 2020 were worse....
...Belloni, who has worked at Arnault’s side for 23 years as he built LVMH into the world’s biggest luxury conglomerate spanning handbags to hotels, will in April relinquish his positions of group managing...
...That segment is dominated by UK-listed Gym Group and private equity owned PureGym....
...The €23.5bn value of its goods heading abroad last year beat the 3.2 per cent contribution of the entire agricultural sector, reinforcing the importance of the luxury sector to France’s trade balance....
...But investors have soured on the group as it competes in a costly streaming battle with larger competitors such as Disney and Netflix....
...Goldman Sachs and Citadel Securities are among a group of 10 large trading groups backing bond pioneer Howard Lutnick’s renewed tilt on CME’s monopoly on the US Treasury futures market....
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