In its weekly release, Baker Hughes Company (BKR) stated that the U.S. rig count was higher than the prior week's figure. The rotary rig count, issued by BKR, is usually published in major newspapers and trade publications. Baker Hughes' data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment of the oil and gas industry. The number of active rigs and its comparison with the week-ago figure indicates the demand trajectory for the company's oilfi ...

Designer Michael Kors poses backstage before the Michael Kors Collection Fall 2017 runway show at Spring Studios on February 15, 2017 in New York City.NEW YORK CITY — In a federal courtroom on Monday, storied fashion designer Michael Kors spoke about the steep challenge of staying relevant in a world where brands can rise and fall based on viral TikTok videos and photos of handbags on the arms of celebrities like Taylor Swift and Beyoncé.Kors kicked off the week of testimony in the antitrust trial in Manhat ...

The highly indebted healthcare stock rose on rumors it may be selling itself.Shares of Bausch + Lomb (BLCO 15.63%) rallied 15.7% as of 3:07 p.m. ET today.The stock is surging today on news the company is considering selling itself. Of note, Bausch + Lomb is the eye-care subsidiary of Bausch Health Companies, which was formerly known as Valeant Pharmaceuticals.Bausch Health prefers cash, not sharesValeant got into trouble nearly a decade ago after using debt to buy up several pharmaceutical companies, then s ...

United Automobile Workers (UAW) President Shawn Fain speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024.DETROIT — The United Auto Workers union on Monday said it had filed federal unfair labor practice charges against Stellantis for allegedly violating contract terms and attempting to move production of the Dodge Durango out of the U.S.The charges are the latest action the union has taken against Stellantis, which has drawn the i ...

The future of work might not look as different from its past as we once thought. In a message to Amazon.com (AMZN) employees, CEO Andy Jassy told the tech and retail giant's workers that, starting next year, five days a week of in-office work would be the norm. "Before the pandemic, it was not a given that folks could work remotely two days a week, and that will also be true moving forward," Jassy wrote. "Our expectation is that people will be in the office outside of extenuating circumstances." Amazon's qu ...

Amazon said on Monday it would require employees to return to the office five days a week, effective 2 January.“We’ve decided that we’re going to return to being in the office the way we were before the onset of COVID. When we look back over the last five years, we continue to believe that the advantages of being together in the office are significant,” Andy Jassy, the CEO, said in a note to employees.The e-commerce giant’s previous office attendance requirement for its workers was three days a week. Amazon ...

NEW YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of STMicroelectronics N.V. (NYSE: STM) between January 25, 2024 and July 24, 2024, both dates inclusive (the “Class Period”), of the important October 22, 2024 lead plaintiff deadline. SO WHAT: If you purchased STMicroelectronics securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fe ...

Cakes designed by associates during Enterprise-wide decorating contestCINCINNATI, Sept. 16, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR) today shared new cakes, inspired by Disney and Pixar's Cars and Toy Story, are now available in Kroger's Family of Stores across the country. These cakes were designed by associates during the 2024 Cake Challenge.New cakes inspired by Disney and Pixar’s Cars and Toy Story are now available at Kroger’s Family of Stores across the country.In January, Kroger invited the top ...

The semiconductor and data center sectors are fast-paced and volatile, with companies like NVIDIA NVDA and Advanced Micro Devices AMD leading the way. However, a giant is quietly revolutionizing the sector and becoming a force to be reckoned with in the artificial intelligence (AI) revolution. While many may overlook this diversified technology company, Broadcom Inc. AVGO is growing its AI capabilities and making strategic investments that generate positive investor sentiment. A Multifaceted Technological P ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...