Key creditors in pact to avert brawl as Carvana"s prospects dim
Some of Carvana largest creditors have signed a pact binding them to act together in negotiations with the company, a move meant to prevent the kind of nasty creditor fights that have complicated other debt restructurings......»»
Collapsed FTX owes nearly $3.1 billion to top 50 creditors
Cryptocurrency exchange FTX, which has filed for US bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion......»»
Carvana cuts 1,500 jobs on slowing used-car demand
Demand for used cars has been negatively impacted by hybrid-working models and higher costs caused by rising interest rates, as consumers rethink personal mobility options to try and trim their daily expenses......»»
Carvana CEO reflects on tough 2022: "We"re not a perfect company"
Carvana’s tumultuous journey in 2022 highlighted by mounting financial losses and a more challenging used-car market is being closely watched. CEO Ernie Garcia is prepared to get the company back on track......»»
Mobo and graphics card makers to see unit sales, ASPs fall rapidly in 2022
Motherboard and graphics card makers will see their unit sales and ASPs fall rapidly in 2022, and are conservative about their business prospects next year, according to industry sources......»»
Global investigators pounce as FTX collapse leaves up to 1 million creditors
Regulators around the world have "substantial interest" after crypto group’s demise. Enlarge (credit: Stefani Reynolds/AFP/Getty Images) The collapse of Sam Bankman-Fried’s crypto empire has sparked a vast global inv.....»»
Most DDI makers downbeat about 4Q22
Display driver IC (DDI) suppliers are mostly pessimistic about sales prospects for fourth-quarter 2022, and their longer-term performance will be determined by their operation fundamentals, technology prowess and business diversification capability,.....»»
Cleanroom equipment maker Acter upbeat about sales prospects in 4Q22
Cleanroom and turnkey equipment provider Acter continued to enjoy strong demand from Taiwan's and China's chipmaking sectors in the third quarter, when revenue and net profit climbed 66% and 96%, respectively, compared to the same period in 2021......»»
Rainforest giants Brazil, Indonesia, DR Congo sign deforestation pact
The world's biggest rainforest nations Brazil, Indonesia and the Democratic Republic of Congo on Monday formally launched a climate partnership to work together on conservation......»»
A long road ahead, but a break for Carvana
Slowing inflation appeared to temper the gloomy outlook on Carvana Co. that had set in since the online used-car retailer reported sharply disappointing third-quarter results earlier this month......»»
Two Pennsylvania Carvana locations suspended from performing title, registration actions
Pennsylvania regulators have placed two Carvana locations on a list of business entities temporarily blocked from performing motor vehicle titling and registrations......»»
iPhone 14 production hit badly enough to reverse revenue growth, warns Foxconn
The COVID-19 disruption to iPhone 14 production at Foxconn’s primary assembly plant was bad enough for Apple to issue a warning about limited availability, and Foxconn has now issued a warning about the impact on its own prospects for the current.....»»
Raydium cautious about sales prospects in 4Q22
Display driver IC supplier Raydium Semiconductor remains cautious about its sales performance in the fourth quarter of 2022, citing the ongoing inventory adjustments across many industry supply chains......»»
Notebook ODMs pin hopes for sales upturn on year-end shopping season
Notebook ODMs remain conservative about their shipment prospects for the fourth quarter of 2022 but are pinning their hopes for a sales upturn on the year-end shopping season, according to industry sources......»»
Renault, Google expand pact to make cars "like mobile phones"
Renault's expansion of the partnership with Google will allow the automaker to offer more over-the-air software updates as well as additional on-demand services......»»
Notebook ODMs, suppliers remain cautious about 2023 demand
Notebook ODMs and other suppliers remain skeptical about end-market demand prospects despite tier-1 brand vendors' recent remarks that demand may pick up in the first quarter of next year......»»
Carvana shares plunge to record low as used-car prices fall fast
Shares of the auto retailer have sunk more than 53 percent in the two trading days since the company reported disappointing third-quarter results last week......»»
Marketing Considerations on Product Discoverability
Discovering a product is only the first step. Marketers need to help prospects and customers find new ways to obtain value. Continue reading........»»
Demand dips, throttling Carvana"s growth
A demand problem taking root in the used-vehicle industry is forcing Carvana Co. further into cost-cutting territory......»»
Carvana Q3 net loss widens to $508 million
Carvana revenues fell 3 percent to $3.4 billion for the quarter. The retailer sold 102,570 cars and trucks in the third quarter, down 8 percent......»»
Hitron sees order visibility extend to 2023
Network device maker Hitron Technologies has seen clear order visibility for one year ahead, with prospects to post double-digit revenue growth in 2023, according to company chairperson April Huang......»»