THE FINANCIAL TIMES reports: Cloud software company Salesforce is in talks to buy Slack, the work messaging app, in what would be one of the biggest software transactions to date, according to people familiar with the matter. An announcement could be made early next week, one person close to the deal said. Marc Benioff,...
PRESS RELEASE US 11/24/20 Atlanta, GA – Enhanced capability allows UPS Healthcare to produce 1,200 lbs. of dry ice per hour in the U.S. and Canada. – UPS Healthcare is collaborating with Stirling Ultracold to supply portable freezers for storage of vaccines at a range of -20°C to -80° – Services are in response to complex, urgent...
The Commercial Appeal reports: FedEx plans to house small technology hubs at locations throughout its network that will better handle its computing needs, its chief information officer says, with the first being installed in Memphis inside an air-transport container. The team-up with Dell Technologies and data center company Switch will support FedEx’s growing technological requirements for its highly...
Taken from notesfromdisgraceland: There is an essential difference between natural laws and those governing social contexts like history or politics. The former have to be respected while the latter can be temporarily suspended and sometimes completely ignored. Denying gravity cannot be a long-lasting practice and could have dire consequences, but disobeying historical...
“Blessed is he who expects nothing, for he shall never be disappointed.” ― Alexander Pope As widely expected, France’s CMA CGM today reported stellar interim results, with nine-month (9M ’20) and third-quarter (Q3 ’20) profits coming in at $751m and $567m, respectively. Take this: in the first nine months, it added more than...
SUPPLY CHAIN DIVE reports: – U.S. companies importing goods from China could be missing out on a large pool of tariff refunds, which C.H. Robinson estimates add up to about $980 million for its customers alone, the transportation firm announced this week. – The clock is winding down on shippers’ ability to get refunds...
As an old saying goes, when it rains it pours. Jeff Musser, president and CEO of US-based 3PL Expeditors, on 13 November sold 120,000 shares at a weighted average price of $89.34, it emerged this week. The total implied transaction value was $10.72m (click here for more). The company said in a Form 4 filing that: “These...
Here’s the latest news from AP Møller-Mærsk (APMM), released today @ 16.23 GMT after the market closed (Q3 ’20 results are due tomorrow): Upgrading the full year EBITDA guidance for 2020 Based on the preliminary financial figures for October and the increased momentum in the fourth quarter in global container volumes and freight...
SEEKING ALPHA reports: – Masayoshi Son’s SoftBank Group reported Sept. end total portfolio value of $12.92B, sharply down from $17.52B at the end of the June quarter. – SoftBank had reduced its holding to just 4 companies (…) at the end of Q2. – Notable exits include Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Adobe (NASDAQ:ADBE), Netflix (NASDAQ:NFLX), Microsoft (NASDAQ:MSFT) and Tesla (NASDAQ:TSLA). To read the...
ZERO HEDGE writes: Last quarter, amid the bank panic resulting from surging loan loss provisions, we observed that the heart of the debt-addicted US economy was hit especially hard by the double whammy of collapsing consumer loan supply, with the August Senior Loan Officer Survey finding that banks reporting tighter loan conditions...
