Category: Plans
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says
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By Max A. Czerny and Milana Finn (Reuters) – Intel Corp Chief Executive Pat Gelsinger and top executives are expected to present a plan later this month to the company’s board to cut non-essential businesses and reorganize capital spending in an effort to revive the fortunes of the once-dominant chipmaker,…
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Exclusive-Intel CEO to pitch board on plans to shed assets, cut costs, source says By Reuters
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By Max A. Czerny and Milana Finn Intel Chief Executive Pat Gelsinger and top executives are expected to present a plan later this month to the company’s board to cut non-essential businesses and reorganize capital spending in an effort to revive the fortunes of the once-dominant chipmaker, a person familiar…
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Rocco Forte plans five new hotels as Saudis invest £1.4bn in luxury chain
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Sir Rocco Forte is set to develop five new luxury hotels in Europe after Saudi Arabia’s Public Investment Fund acquired a 49% stake in Rocco Forte Hotels, valuing the company at £1.4bn. The investment has boosted the hotel group’s expansion ambitions, but has also impacted the profitability of the wider…
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Leading Bitcoin Miner GDA Plans Mining Expansion to 400 MV Leveraging Renewables
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Genesis Digital Assets (GDA), one of the world’s largest Bitcoin mining companies, has announced plans to expand its recently launched data center in Texas to 400 megawatts. The ambitious second phase highlights GDA’s commitment to Texas as a mining hub, leveraging the state’s renewable energy and innovation-friendly policies. GDA The…
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Shiba Inu Reveals Plans To Establish Its Own DAO
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In a post on X on August 25, Shiba Inu (SHIB) announced its intention to create a decentralized autonomous organization (DAO). advertisement This was detailed by Shiba Inu’s Marketing Director, Lucy (@LucieSHIB). Shiba Inu’s vision of a decentralized, autonomous organization Shiba Inu is currently ranked 13th by market cap, Lucy…
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Meyer Burger halts solar plant in Colorado, plans restructuring By Reuters
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Swiss solar panel maker Mayer Berger said on Monday it had suspended plans to build a factory in Colorado after announcing restructuring measures and indicating profitability would be lower than previously expected. Mayer Berger Technology AG announced today that the planned construction of a solar cell production facility in Colorado…
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Nestlé plans to hold onto health science unit after CEO’s departure
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Victor Gollmer/iStock Editorial via Getty Images Nestlé Chairman Paul Bulcke said in an interview with the Neue Zurich am Sonntag newspaper published on Sunday that the company plans to retain ownership of the health sciences unit. The packaged food company said last week that longtime CEO Mark Schneider had been…
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Canada rare earth developer Tactical Resources doubles on SPAC merger plans By Investing.com
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Vancouver-based mineral exploration and development company. Tactical Resources Shares of Plum Acquisition III Corp (TSXV:) rose Friday on news that it plans to list on the Nasdaq through a merger with a special purpose acquisition company, Plum Acquisition III Corp (NASDAQ:). Shares of Tactical Resources Corp. surged 120% on the…
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How TapSwap plans to address sustainability challenges: founder
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In an interview with crypto.news, Naz Ventura, founder of TapSwap, shared how the game is preparing to ensure long-term sustainability. Telegram tap games quickly became the talk of the town with the launch of Notcoin (NOT). These simple games revived the monetization mechanics of Web3 gaming by offering an easy…
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How TapSwap plans to address sustainability challenges: founder
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In an interview with crypto.news, Naz Ventura, founder of TapSwap, shared how the game is preparing to ensure long-term sustainability. Telegram tap games quickly became the talk of the town with the launch of Notcoin (NOT). These simple games revived the monetization mechanics of Web3 gaming by offering an easy…
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UK SMEs eye ambitious expansion plans amid renewed growth and confidence
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UK small and medium-sized businesses are targeting ambitious growth plans after a year of strong performance, according to a new survey by Shawbrook. The survey, which focused on growth companies, found that 44% of these SMEs are considering an IPO in the next five to 10 years. This wave of…
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China’s BYD plans car plant in Karachi as part of Pakistan entry By Reuters
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KARACHI (Reuters) – Chinese electric vehicle giant BYD on Saturday announced plans to open a car manufacturing plant in Pakistan where it will also start selling three models through a partnership with Mega Motors. BYD is the first major company to enter the new electric vehicle space in the Pakistani…
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China’s BYD plans car plant in Karachi as part of Pakistan entry By Reuters
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KARACHI (Reuters) – Chinese electric vehicle giant BYD on Saturday announced plans to open a car manufacturing plant in Pakistan where it will also start selling three models through a partnership with Mega Motors. BYD is the first major company to enter the new electric vehicle space in the Pakistani…
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Disney expected to announce plans for its theme parks By Reuters
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By Don Chmielewski ANAHEIM, Calif. (Reuters) – Walt Disney Disney (NYSE:) is expected to announce new attractions at its theme parks on Saturday at its D23 fan conference, and reveal how the company is beginning to deploy $60 billion in capital investments. Disney said it will boost its investment in…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Philips to repurchase shares for up to EUR 125 million to cover long-term incentive plans
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Article Content August 5, 2024 Amsterdam, Netherlands – Royal Philips PHG, listed on the New York Stock Exchange (NYSE: PHIA), today announced that it will buy back shares for up to €125 million to cover certain obligations arising from its long-term incentive plans. At the current share price, this represents…