One hedge fund completely bailed out of AAPL, but another more than picked up the slack
Prior to Apple stock's value recovery after a better than expected quarter, one hedge fund got rid of all of its holdings in the iPhone maker, and another went in big.Apple CEO Tim CookAccording to filings with the Securities and Exchange Commission.....»»
Ransomware statistics that reveal alarming rate of cyber extortion
In this article, you will find excerpts from various reports that offer statistics and insights about the current ransomware landscape. Global ransomware crisis worsens NTT Security Holdings | 2024 Global Threat Intelligence Report | May 20.....»»
Global ransomware crisis worsens
Ransomware and extortion incidents surged by 67% in 2023, according to NTT Security Holdings’ 2024 Global Threat Intelligence Report. Global ransomware crisis After a down year in 2022, ransomware and extortion incidents increased in 2023. More.....»»
Warren Buffett’s Berkshire Hathaway sells 13% of its Apple shares
Warren Buffett’s Berkshire Hathaway offloaded around 13% of its Apple holdings in Q1 2024, the conglomerate revealed this weekend. Despite selling around 115 million shares, however, Buffett reaffirmed his commitment to AAPL going forward. Mean.....»»
Warren Buffett has sold a lot of Apple stock so far in 2024
Famed investor Warren Buffett cut his firm's Apple holdings by 13% in the first quarter of 2023, as analyst consensus was that the iPhone was seeing declining demand.Warren Buffett [Berkshire Hathaway]Buffett is not a long-term investor in Apple —.....»»
American Axle revenue, profit climb in first quarter
American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period,.....»»
New England"s DCD Automotive, known as Nucar, buys New Hampshire family dealership
New England auto group DCD Automotive Holdings, which operates under the name Nucar, bought a family dealership in Concord, N.H., in December. It will aim to sell at least 75 used cars a month there......»»
EV pullback ‘good for business,’ American Axle CEO says
American Axle & Manufacturing Holdings Inc. took a $33.6 million net loss last year due largely to the UAW strike, but the industry’s biggest worry now — the electric vehicle pullback — could play in the supplier’s favor......»»
Famed investor Warren Buffett again trims stake in Apple
The Sage of Omaha has decided to trim his Apple holdings, as part of what appears to be a small move away from big tech.Warren Buffett [Berkshire Hathaway]Buffett first invested in Apple in only 2016, and since then chiefly increasing its investment,.....»»
Hertz to sell 20,000 EVs in shift back to gasoline-powered cars
Hertz Global Holdings Inc. plans to sell a third of its U.S. electric vehicle fleet and reinvest in gas-powered cars due to weak demand for the battery-powered options......»»
UAW strikes tentative deal with auto parts maker Allison Transmission
The United Auto Workers (UAW) union has reached agreement with auto parts maker Allison Transmission Holdings Inc. on a tentative deal covering 1,500 workers in Indianapolis, the labor group said on Friday......»»
Study reveals a higher market valuation of cash holdings of firms adopting electronic voting
Firms worldwide are increasingly adopting electronic voting, enabling shareholders to cast their votes online instead of attending shareholder meetings in person. Shareholders can enjoy superior accessibility to the meetings with electronic voting co.....»»
Base Operations raises $9.1 million to boost global threat intelligence
Base Operations announced the successful close of a $9.1 million Series A led by Grotech Ventures and Spero Ventures with notable contributions from Vela Partners, Good Growth Capital, Mindset Ventures, Alliance Holdings, and Gaingels. The company is.....»»
Tesla shipments blocked by Norwegian workers as labor dispute spreads
Norway's largest private sector labor union will block transit shipments of Tesla cars meant for the Swedish market as one of Denmark's largest pension funds sell its holdings in Tesla over the EV maker's refusal to enter into agreements with Swedish.....»»
Texas" ZT Automotive eyes dealership count of 50, 60
ZT Automotive, which rebranded from ZT Motors, is eying to expand its dealership holdings by five-fold in the coming years largely through acquisitions......»»
Buffett"s Berkshire dumps stake in General Motors as it builds cash
In a regulatory filing detailing its U.S.-listed stock holdings as of Sept. 30, Berkshire reported no holdings in GM after reporting a stake of $848 million in June......»»
American Axle takes big financial loss on UAW strike, operation woes
American Axle & Manufacturing Holdings Inc. suffered a $17.4 million net loss in the third quarter due to the United Auto Workers strike as well as labor and operational issues of its own......»»
The double-edged sword of heightened regulation for financial services
Financial services organizations are enticing targets for cybercriminals due to their significant wealth holdings, presenting abundant opportunities for monetary gain through extortion, theft, and fraud, according to Trustwave. In addition to the mon.....»»
Weak IP Address Evidence Collapses ‘Non-Responsive Movie Pirates’ Lawsuit
Voltage Holdings has lost its appeal against a 2022 Canada Federal Court decision that denied default judgment against a number of unnamed internet subscribers. Voltage claimed that the internet users, who all received two prior infringement notices,.....»»
Alpha Auto Group finalizes $842M deal for U.K."s Lookers group
The deal hands ownership of Lookers’ 147 new-vehicle dealerships in the U.K. and Ireland to Global Auto Holdings, a special-purpose acquisition company formed to carry out the purchase......»»