latest news in companies
Lindt's Dark Chocolate Under Fire: Lead Content Sparks Legal Battle
Zurich, Thursday, 14 November 2024.
Swiss chocolatier Lindt faces a U.S. lawsuit over lead in dark chocolate, challenging its ‘finest ingredients’ claim. The company’s defense, labeling marketing statements as ‘puffery’, raises questions about product quality and consumer trust in premium brands.
ASML Bets on AI Boom to Drive 2030 Sales Targets
Veldhoven, Thursday, 14 November 2024.
ASML Holding NV reaffirms its 2030 sales forecast of €44-60 billion, banking on AI-driven semiconductor demand. The Dutch chip equipment maker expects 8-14% annual growth, highlighting AI’s pivotal role in shaping future technology markets.
LPL Financial Expands with $540 Million Advisory Team Acquisition
New York, Thursday, 14 November 2024.
LPL Financial has welcomed financial advisors Ryan Kirby and Michael Alvarez, who bring $540 million in assets from U.S. Bank. The duo will join Seapoint Wealth Advisors in San Diego, enhancing LPL’s strategic wealth services and expanding its independent advisor network.
EU Slaps Meta with €798 Million Fine for Classified Ads Dominance
Brussels, Thursday, 14 November 2024.
The European Union has fined Meta €798 million for abusing its market position by tying Facebook Marketplace to its social network. This landmark antitrust penalty underscores the EU’s commitment to regulating tech giants and ensuring fair competition in the digital marketplace.
AI Reshapes IT Priorities: Flexera Survey Reveals Shift in 2024
Global, Thursday, 14 November 2024.
Flexera’s 2025 IT Priorities report highlights AI’s growing influence on IT leaders’ strategies. With 42% of leaders seeing significant benefits in AI integration, the technology is poised to redefine organizational priorities and drive innovation across industries.
Secure Data Transfer Solutions Drive Managed File Transfer Market Growth
Global, Thursday, 14 November 2024.
The global managed file transfer software market is poised for substantial expansion from 2024 to 2032, with industry leaders like TIBCO, OpenText, and Citrix spearheading growth. Valued at $3.2 billion in 2023, the market is projected to reach $5.4 billion by 2032, driven by increasing demand for secure data transfer solutions across various sectors.
Klarna Aims for U.S. Market with Confidential IPO Filing
Stockholm, Thursday, 14 November 2024.
Swedish fintech giant Klarna has confidentially filed for a U.S. IPO, signaling a major move in the buy now, pay later sector. This strategic decision comes amid fluctuating valuations and growing regulatory scrutiny, highlighting Klarna’s ambition to capture the American market.
Nano One Secures $12.9M DoD Funding, Streamlines for LFP Growth
Burnaby, Thursday, 14 November 2024.
Nano One Materials Corp. reports Q3 2024 results with $26.9M in net assets, focusing on lithium iron phosphate (LFP) production. The company secured $12.9M from the U.S. Department of Defense and closed a $5M land sale, strengthening its financial position for commercial expansion.
Cisco Beats Earnings Expectations Amid Revenue Decline
San Jose, Thursday, 14 November 2024.
Cisco Systems reported Q1 FY2025 earnings exceeding analyst forecasts, with revenue of $13.8 billion despite a 6% year-over-year decline. The tech giant saw a 20% increase in product orders, signaling potential growth amid market challenges. Cisco’s strong performance in AI infrastructure orders highlights its strategic pivot towards emerging technologies.
BeeGFS 8: ThinkParQ's Next-Gen Storage Solution Set for SC24 Debut
SC24, Thursday, 14 November 2024.
ThinkParQ unveils BeeGFS 8, a cutting-edge parallel file system, at SC24. This advanced storage solution offers enhanced performance and flexibility for modern enterprises, HPC, and AI environments, with initial availability slated for early 2025.