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AutoZone Surprises with Business as Usual Quarter

While car sales have been decimated by the economic impact of Covid-19, auto parts sales are doing just fine. In its earnings release …

Logitech Shares Lifted In Pre-Market On Share Buyback Plan, 10% Dividend Boost

Shares in Logitech International (LOGI) rose 3.5% in pre-market trading after the company announced a new, three-year share buyback program for up to …

Billionaire Ackman Exits Berkshire Hathaway, Blackstone To Fund Opportunities

Billionaire hedge fund manager Bill Ackman said that his Pershing Square Capital Management Ltd. has exited investments in Warren Buffett’s Berkshire Hathaway, the …

HBO Max Launches, But Not Yet Available on Amazon, Roku Platforms

It was a rocky start for HBO Max, the latest entrant into the so-called streaming wars, on Wednesday. Parent company AT&T’s (T) WarnerMedia …

Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings

Apple (AAPL) has snapped up Canadian machine learning startup Inductiv Inc in its latest AI-related acquisition, Bloomberg reports. According to the report, Inductiv’s engineering …

Microsoft Seeks $2B Stake In India’s Jio Platforms- Report

Microsoft (MSFT) is currently negotiating an investment of up to $2 billion in Reliance Industries’ digital unit Jio Platforms, Live Mint reports, citing two people …

Boeing Cuts 6,770 Jobs In U.S.; CFRA Upgrades Stock To Buy  

Boeing Co (BA) announced that it is laying off another 6,770 employees in the U.S.

Google Faces Arizona Lawsuit Over ‘Unfair’ Location Data Storing

The state of Arizona has filed a consumer fraud lawsuit against Alphabet Inc’s Google (GOOGL) over its location data practices. “Though Google claims …

Novavax Seeks To Make 1 Billion Covid-19 Vaccine Doses; Top Analyst Ramps Up PT To $61

Novavax (NVAX) on Wednesday announced the acquisition of Praha Vaccines to help the late-stage biotech company produce over 1 billion doses of its …

Hertz Sinks 11% After-Hours As Carl Icahn Sells Stake At $1.8B Loss

Shares in troubled car rental company Hertz Global Holdings (HTZ) sunk a further 11% to $1.16 in Wednesday’s after-hours trading on the news that …

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