In the fourth quarter of 2023, the revenue for the company experienced a notable increase of 28%. This growth was primarily driven by the success of the New Products(i) category, which saw its revenue rise from $2.19 billion to $2.49 billion. The impressive performance of products such as Mounjaro and Zepbound contributed to this growth….
One of the billionaire brothers who co-owns Asda is reportedly considering selling his stake in the debt-ridden supermarket. Zuber Issa, 51, is said to be exploring a potential sale of his 22.5 per cent shareholding in Asda, which he acquired in partnership with his brother Mohsin and private equity firm TDR Capital in 2021. The…
Walmart, the multinational retail corporation, has recently revealed its plans to conduct a three-for-one stock split. This strategic move, according to the company, aims to maintain affordable stock purchase prices for its store-level employees. Under this split, shareholders will receive two additional shares of common stock for each share they currently hold. The distribution of…
Amazon, the e-commerce giant, announced its fourth-quarter results on Thursday, surpassing analysts’ expectations and providing a positive outlook for the current quarter. As a result, the company’s stock rose over 8% in extended trading. Let’s take a closer look at the key highlights from the report. Earnings per share for the fourth quarter came in…
Meta, formerly known as Facebook, reported better-than-expected results for its fourth quarter, leading to a significant increase in its shares. The company’s online ad business showed signs of a strong rebound from the challenges faced in 2022. Additionally, Meta announced its first-ever dividend payment, further boosting investor confidence. Let’s delve into the key numbers that…
Even when compared with other CEOs, who routinely get paid roughly 200 times more than their typical employees, Elon Musk’s pay package was eye-opening. A judge in Delaware on Tuesday struck down the package that Tesla established for Musk in 2018, ruling that the process was “flawed” and the price “unfair.” Chancellor Kathaleen St. Jude…
Walmart, one of the world’s largest retailers, has recently announced a stock split, a move that highlights the changing dynamics of the past two decades. This decision comes at a time when the company is also focusing on providing its store managers with pay raises and annual stock grants of up to $20,000. Stock splits…
A court in Hong Kong has made a significant ruling in the ongoing saga of China’s troubled property giant, Evergrande. Judge Linda Chan has ordered the liquidation of the debt-laden company, stating that “enough is enough” after the repeated failure of Evergrande to present a viable plan to restructure its massive debts. With over $300…
According to recent reports, Elon Musk, the CEO of Tesla, has been overtaken as the world’s richest man. His position at the top of the wealth rankings has been replaced by Mr. Arnault, whose net worth surpassed Musk’s $204.7 billion. Elon Musk’s net worth experienced a significant decline of 13%, resulting in a loss of…
Amazon and iRobot have announced the cancellation of their planned acquisition, citing insurmountable regulatory obstacles. The deal, which was initially valued at $1.7 billion, faced multiple regulatory examinations that ultimately led to its demise. iRobot, the company behind the popular Roomba robotic vacuum cleaner, revealed that it will be laying off approximately 350 employees as…
