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Slack Technologies Inc (NYSE:WORK) Files Antitrust Complaint Against Microsoft Corporation (NASDAQ:MSFT)

Slack Technologies Inc (NYSE:WORK) filed a competition complaint against Microsoft Corporation (NASDAQ:MSFT) with the European Commission. The workplace-communication software maker said it launched legal proceedings against Microsoft over its Team software, its meeting software. There has been growing scrutiny of major tech companies, especially regarding their market share and influence. Team is Slack’s main competitor […]

AT&T Inc. (NYSE:T) Reports Drop In Profit Due To Growing Competition From Satellite TV And COVID-19 Effects

AT&T Inc. (NYSE:T) reported a drop in its profit for the second quarter, what the telecom and media giant attributes to effects of the COVID-19 and a market overcrowded by satellite-TV. The growing competition from satellite TVs has led the company to hold on from launching its video streaming services. According to the company’s Q2 […]

Ford Motor Co.’s (NYSE:F) YoY Q2 2020 Sales In China Rebound By 3% As COVID-19 Restrictions Ease

Ford Motor Co. (NYSE:F) car sales in China grew 3% in the June quarter compared to the same quarter a year ago due to strong demand following the easing of coronavirus pandemic restriction. Ford reports a 78.7% sequential growth in sales in China For the US automaker, this will be the first time in almost […]

Energy Transfer (NYSE:ET) Invokes Force Majeure To Prevent Customers From Abandoning Expansion Of Dakota Access Pipeline

Energy Transfer (NYSE:ET) invoked force majeure to prevent oil companies from abandoning the expected expansion of the disputed Dakota Access pipeline. Crude oil output dropped 33% in North Dakota. The US company is seeking almost double the size of the pipeline, but some oil firms that signed up indicated that it is not necessary anymore. […]

AT&T Inc. (NYSE:T) To Lay Off More Than 3,000 Jobs And Close 250 Stores

AT&T Inc. (NYSE:T) announced plans to cut more than 3,000 jobs and close 250 stores. Although the company is yet to confirm the exact number of jobs affected, around 3,400 jobs, clerical jobs, technician, and managerial and executive roles, will be affected. In addition to job cuts, the company will close 250 retail stores, among […]

Marry Barra Of General Motors Company (NYSE:GM) Expects To Run Plants At Full Capacity To Produce Popular Vehicles Soon To Realize Profits In China And Other Nations

CEO of General Motors Company (NYSE:GM) plans to operate all the plants to manufacture EV and derive handsome profits mainly in China because she expects a pickup in demand. She anticipates a recovery in demand for new vehicles despite ongoing coronavirus crisis. Low inventory Several auto plants are closed during coronavirus crisis for two months, […]

Novavax, Inc (NASDAQ:NVAX) Chooses Australia For Its COVID-19 Clinical Trials

The deadly COVID-19 pandemic continues to affect lives globally, with many people hardly affording to pay their house rent. It is frustrating that until no scientific cure to help handle the condition has been established yet. However, any good efforts mean a lot to frustrated people globally. There are reports about another candidate that is […]

The Coronavirus Coping Portfolio (QDEL, GILD, QBIO, CYDY)

The COVID-19 pandemic has forced a dramatic realignment of social, cultural, and economic agendas because, in all cases, the healthcare issue has priority. It’s not a genuine public debate – if you don’t solve the healthcare crisis, you can’t solve any of the other crises that have been boiling over in the public discourse. That […]

Ford Motor Co. (NYSE:F) And General Motors Co. (NYSE:GM) Report Sales Growth In China Through Ventures

It seems the largest auto market in the world is starting to recovers from the effects of the COVID-19 pandemic after Ford Motor Company’s (NYSE:F) two joint ventures reported growth in YoY sales in April. Ford Sales growth in China through a joint venture Chongqing Changan Automobile Ltd, which is the company’s main joint venture, […]

Ford Motor (NYSE:F) Compelled To Delay The Unveiling Of Its Autonomous Vehicle Service

Ford Motor (NYSE:F) won’t unveil its autonomous vehicle service as had been planned earlier on. Reports indicate that the business guru will postpone the launch until 2022. It is for the same reason that has paralyzed many operations in other businesses, the COVID-19 pandemic. The deadly virus was for the first time reported in China, […]

Verizon Communications Inc (NYSE:VZ) and Comcast Corporation (NASDAQ:CMCSA) Speak Out On The No-Disconnect Pledge

The COVID-19 pandemic has brought the world almost to a standstill. The world economy is in jeopardy, and the education sector crippled in a way that has never been witnessed before. However, with time more and more companies continue joining the fight to combat the deadly virus. Verizon Communications Inc (NYSE:VZ) and Comcast Corporation (NASDAQ:CMCSA) […]

Zoom Video Communications Inc (NASDAQ:ZM) Unveils Its Latest Security Updates

Zoom Video Communications Inc (NASDAQ:ZM) has today given an update regarding the way it intends to go about resolving the various security concerns about its service. The business guru spoke about its latest app version known as the Zoom 5.0, which comes with more advanced features. It is an app characterized by some outstanding privacy […]

Johnson & Johnson (NYSE:JNJ) Expects To Deliver Over 1 Billion Doses Of Vaccine For COVID-19 And Commence Clinical Trials By September 2020

Johnson & Johnson (NYSE:JNJ) has decided to produce over 1 billion doses of vaccine for COVID-19 by teaming up with the Biomedical Advanced Research and Development Authority (BARDA) in the US. It is an extension of the existing accord between the Janssen Pharmaceutical Companies division of Johnson & Johnson and BARDA. The first batch of affordable […]

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