Category: Blog
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Inflation hits 7% in December 2020
U.S. inflation hit its fastest pace in nearly four decades last year as pandemic-related supply and demand imbalances, along with stimulus intended to shore up the economy, pushed prices up at a 7% annual rate. The Labor Department said Wednesday the consumer-price index—which measures what consumers pay for goods and services—rose 7% in December from the…
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Economic confusion for 2022
Microsoft losing talent, Walgreens is booming, AT&T exceeds expectations, some confusing economic numbers, and much much more!
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Microsoft losing talent to Meta
Competitors have been snapping up people with experience developing Microsoft’s HoloLens augmented-reality headsets, sometimes offering to double their salaries, said former Microsoft employees. The Microsoft augmented-reality group employs around 1,500 people, they said. The LinkedIn profiles of more than 70 former employees on the HoloLens team show they have left Microsoft in the past year.…
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Walgreens raises forecasts and posts higher sales and profits
The Deerfield, Ill., drugstore chain said sales and profits rose in its latest quarter, and raised its full-year forecast as demand for Covid-19 vaccines and at-home tests continued to draw customers to its stores. Walgreens said it administered 15.6 million Covid-19 vaccinations in the latest quarter, which ended Nov. 30, and provided 6.5 million Covid-19…
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AT&T exceeds expectations for HBO Max subsribers
The company also added roughly 270,000 fiber subscribers in the fourth quarter and ended the period with about 73.8 million total HBO Max and HBO subscribers globally. The HBO figure came in above the outlook for 70 million to 73 million subscribers that AT&T had offered back in September. AT&T exceeds HBO Max subscriber outlook…
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Genuine Parts Company Completes Acquisition of Kaman Distribution Group
Genuine Parts Company (NYSE: GPC) (“GPC”), a leading distributor of automotive and industrial replacement parts, announced today that its wholly-owned subsidiary, Motion Industries, Inc. (“Motion”) has completed the purchase of Kaman Distribution Group (“KDG”) for a purchase price of approximately $1.3 billion in cash, effective January 3, 2022. KDG is a leading power transmission, automation and…