Industrials - CybAI news

16 Aug

Amazon’s Payment Delay Warning Stirs Panic Among Flex Drivers

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Amazon.com Inc. warned Flex drivers who deliver packages in their own vehicles that payments they were supposed to receive Thursday “may be delayed,” according to correspondence reviewed by Bloomberg, stirring panic among drivers who are used to prompt payment after completing a route.The Amazon message doesn’t explain the problem or say when it could be resolved, adding to the concerns. Source link lol

16 Aug

Medical Device Maker Nova Biomedical Is Exploring a Sale

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Nova Biomedical is exploring a potential sale that could value it at more than $2 billion, people with knowledge of the matter said. The privately-held medical device maker is working with advisers to gauge interest from potential buyers, the people said, asking not to be identified discussing confidential information. Source link lol

16 Aug

Pfizer, BioNTech Covid-Flu Combination Shot Misses on Trial Goal

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A combination Covid-flu vaccination developed by Pfizer Inc. and BioNTech SE missed on one of its goals in a final-stage trial, a disappointment for the companies trying to make further use of the technology that succeeded in the pandemic. The vaccine failed to show it was at least as effective as a standard shot in generating an immune response against the influenza B strain, the companies said in a statementBloomberg Terminal Friday. The shot performed better with influenza A and Covid and were comparable to other vaccinations in the trial. Source link lol

08 Aug

Pitney Bowes to Liquidate Ecommerce Unit in Bankruptcy

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Shipping firm Pitney Bowes Inc. agreed to liquidate much of its ecommerce business in bankruptcy as part of a deal with Hilco Global.Under the agreement, affiliates of Hilco agreed to buy a controlling stake in the ecommerce business and then sell it off piecemeal, according to a statementBloomberg Terminal from Pitney Bowes. The ecommerce entities filed for Chapter 11 bankruptcy Thursday, listing debts and assets of as much as $500 million each. Source link lol

06 Aug

Mitsubishi Heavy Shares Soar as Turbine Engine Sales Help Profit

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Mitsubishi Heavy Industries Ltd. shares jumped the most on record after the manufacturing conglomerate posted a 61% increase in quarterly profit, helped by strong sales of gas turbine engines.The Japanese company reported a business profit of ¥83.5 billion ($572 million) for the three months ended June 30, according to a statement Tuesday, after selling six large-scale gas turbines in the US and Asia. That beat analyst estimates of ¥57 billion. Net sales were ¥1.1 trillion, slightly higher than what the market was looking for. Source link lol