Amazon.com Inc revealed on Monday its plan to open two new distribution centers in Italy during the course of this year. The world's largest retailer will be injecting over $278 million into this expansion.
One distribution center will be located in the north-western city of Novara, while the other, which...
Canadian auto parts manufacturing company Magna International reported on Thursday that its quarterly profit skyrocketed by more than 136%, as heavily increased vehicle demand led to a surge in the purchase of body structures, chassis, and powertrains. This quarterly profit increase sees Magna's full-year revenue outlook experience its own...
After weeks of deliberation, the U.S. government ultimately decided against imposing an investment ban on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. This move was initially triggered by a government decision to deter American citizens from investing in companies with ties to the Chinese military.
While initially backed by...
As demand gradually returns to pre-coronavirus levels, Coca-Cola has reevaluated both its full-year sales and profit forecasts. Currently, an increase in demand is being fueled due to the reopening of restaurants, stadiums, theaters, and the resumption of public gatherings and events.
With the U.S. economy showing consistent signs of recovery,...
The impact of surging inflation in the U.S., which recently hit a 40-year high, is now being felt in the retail sector. Retail giants like Walmart and Target have reported earnings misses this week and saw their stock plunge.
Walmart reported revenue of $141.57 billion for the first quarter of...
After a 17% surge on Tuesday that resulted in a two-month high, hydrogen vehicle manufacturer Nikola suffered a 15% decrease in stock prices as markets came to a close. The Phoenix-based firm enjoyed a significant rise over the past few weeks in line with the electric vehicle market.
Nikola’s late...
Extend, a startup aimed at helping businesses offer product warranties, revealed on Tuesday that it had raised as much as $260 million in its latest round of fundraising efforts, which were led by SoftBank Group Corp's Vision Fund 2. In response to the company's overwhelming success, Nagraj Kashyap, managing...
15 years after it was taken private, animal supply chain store Petco enjoyed a strong return to life as a publicly-traded company, generating $864 million in its initial public offering. The company, now changing its name to Petco Health and Wellness Co., sold 48 million shares at a price...
Thanks to the surging demand for its "Dungeons & Dragons" tabletop game as well as the recovery of its film and television division following pandemic shutdowns, Hasbro Inc posted a 54% jump in quarterly revenue on Monday. Following the announcement, Hasbro shares rose by 2.3% during pre-market trading on...