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"title": "General Mills Inc. stock outperforms competitors on strong trading day",
"description": "Shares of General Mills Inc. inched 0.58% higher to $62.94 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the...",
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"snippet": "Shares of General Mills Inc. GIS, +0.58% inched 0.58% higher to $62.94 Tuesday, on what proved to be an all-around poor trading session for the stock market, wi...",
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"highlight": "The stock outperformed some of its competitors Tuesday, as <em>Mondelez</em> <em>International</em> <em>Inc</em>. Cl A MDLZ, -1.30% fell 1.30% to $67.60, Kraft Heinz Co. KHC, +0.06% rose 0.06% to $33.11, and Hershey Co. HSY, -0.92% fell 0.92% to $197.18.\n\nTrading volume (7.7 M) eclipsed its 50-day average volume of 4.1 M.",
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"title": "Layoffs Are Still In The Air",
"description": "Earnings-wise, this a will be a quiet one before the next earnings season kicks off in mid-October. But layoffs are consistently in the air, with General Motors (NYSE: GM) and Ford Motor (NYSE: F) opening the week by announcing they will be laying off 500 more workers. Even the all-mighty Big Tech has been cutting thousands of jobs since 2022, including Amazon.com (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), Alphabet (NASDAQ: GOOG) Google and Microsoft Corporation (NASDAQ: MSFT). According to",
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"snippet": "Earnings-wise, this a will be a quiet one before the next earnings season kicks off in mid-October. But layoffs are consistently in the air, with General Motors...",
"url": "https://finance.yahoo.com/news/layoffs-still-air-210642703.html?.tsrc=rss",
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"highlight": "Even the all-mighty Big Tech has been cutting thousands of jobs since 2022, including Amazon.com (NASDAQ: AMZN), Meta Platforms (NASDAQ: META), Alphabet (NASDAQ: GOOG) Google and <em>Microsoft</em> <em>Corporation</em> (NASDAQ: MSFT).",
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"highlight": "All in all, with or without generative AI investment, layoffs certainly tell the story of management’s stewardship of shareholder dollars and Apple is reaping the reward for being cautious with hiring during the pandemic-fueled hiring binge, unlike its tech peers, Amazon, Google, <em>Microsoft</em> and Meta.",
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"highlight": "<em>Apple</em> Is The Last Tech Firm Standing As It Continues To Resist The Layoffs Trend\n\n<em>Apple</em> <em>Inc</em> (NASDAQ: AAPL) continues to contrast tech redundancies. Only a day after Epic Games revealed its newest job cuts, <em>Apple</em> announced it is hiring. <em>Apple</em> CEO Tim Cook stated on several occasions that layoffs are the last resort.",
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"highlight": "All in all, with or without generative AI investment, layoffs certainly tell the story of management’s stewardship of shareholder dollars and <em>Apple</em> is reaping the reward for being cautious with hiring during the pandemic-fueled hiring binge, unlike its tech peers, Amazon, Google, Microsoft and Meta.",
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"highlight": "But even <em>Apple</em> is conducting cost-cutting initiatives such as putting a lid on spending. Analysts find that the reason why <em>Apple</em> hasn’t been dragged in the mass layoffs trends is because it hired more efficiently during the pandemic.",
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"title": "Intel to Make Altera Unit Into Standalone Business, Seek IPO",
"description": "(Bloomberg) -- Intel Corp. plans to turn its programmable chip division into a standalone business and either sell shares to the public or seek an investor for it, part of Chief Executive Officer Pat Gelsinger’s efforts to wring more value from the semiconductor company.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsWhy a US Recession Is Still Likely — and Coming SoonWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapAirbnb Is Fundamentally Broken",
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"snippet": "(Bloomberg) -- Intel Corp. plans to turn its programmable chip division into a standalone business and either sell shares to the public or seek an investor for ...",
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"highlight": "(Bloomberg) -- <em>Intel</em> <em>Corp</em>. plans to turn its programmable chip division into a standalone business and either sell shares to the public or seek an investor for it, part of Chief Executive Officer Pat Gelsinger’s efforts to wring more value from the semiconductor company.",
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"highlight": "Most Read from Bloomberg\n\nThe division — called the Programmable Solutions Group, or PSG — will become an independent entity starting Jan. 1, <em>Intel</em> said in a statement Tuesday. The business, whose chips can be customized for different uses, was created out of the company’s acquisition of Altera Corp. in 2015.",
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"highlight": "Gelsinger, who took the helm in 2021, has been shaking up <em>Intel</em> and raising funds for a costly turnaround effort. The company paid more than $14 billion for Altera in 2015, and spinning the business off again should help unlock some of that value. Investors applauded the move, sending the shares up almost 3% in late trading Tuesday.",
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"highlight": "“Over the next two to three years, <em>Intel</em> intends to conduct an IPO for PSG and may explore opportunities with private investors to accelerate the business’s growth, with <em>Intel</em> retaining a majority stake,” the chipmaker said in the statement.",
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"highlight": "The move mirrors what <em>Intel</em> did with Mobileye Global Inc., a maker of chips for self-driving cars. The company carved out the business and returned a portion of it to public markets last year.",
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"highlight": "Story continues\n\nGelsinger is seeking to restore <em>Intel</em> to the forefront of the chip industry after mistakes under his predecessors led to a loss of market share. <em>Intel</em>, based in Santa Clara, California, slid down the ranks of the biggest producers of semiconductors, ending decades of leadership.",
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"highlight": "After several years of shunning <em>Intel</em> stock, investors has become more optimistic about the turnaround. The shares have gained 35% this year, outrunning a 33% rally by the Philadelphia Stock Exchange Semiconductor Index.\n\nGelsinger’s comeback plan involves a spending spree on new factories.",
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"highlight": "In its most recent quarter, <em>Intel</em> said the PSG unit posted record sales — without giving the precise details. When it last reported sales for the business in 2019, Altera had annual revenue of about $1.99 billion. The total market for such chips will grow to $11.5 billion in 2027 from $8 billion in 2023, <em>Intel</em> said, citing third-party estimates.",
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"highlight": "The other major provider of such capabilities is <em>Intel</em> rival Advanced Micro Devices Inc., which acquired Altera competitor Xilinx Inc. The <em>Intel</em> spinoff will be managed by Sandra Rivera, who currently heads the chipmaker’s data center unit.\n\n(Updates with share price movement in sixth paragraph.)",
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"title": "Intel plans to IPO its programmable solutions group over next few years",
"description": "Intel Corp. shares rose after the company announced plans to spin off one of its units as a public offering over the next two to three years.",
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"snippet": "Intel Corp. shares rose in the extended session Tuesday after the chip maker announced plans to spin off one of its units as a public offering over the next two...",
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"published_at": "2023-10-03T20:51:00.000000Z",
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"highlight": "<em>Intel</em> <em>Corp</em>. shares rose in the extended session Tuesday after the chip maker announced plans to spin off one of its units as a public offering over the next two to three years.\n\nShares of <em>Intel</em> INTC, +0.65% rose as much as 2.5% after hours, following a 0.7% gain in the regular session to close at $35.69.",
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"title": "Intel to spin off programmable solutions business into separate company By Investing.com",
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"snippet": "Published Oct 03, 2023 04:28PM ET\n\n© Reuters\n\nINTC +0.65% Add to/Remove from Watchlist\n\nInvesting.com -- Intel Corporation (NASDAQ: ) Corporation said Tuesday ...",
"url": "https://www.investing.com/news/stock-market-news/intel-to-spin-off-programmable-solutions-business-into-separate-company-3189616",
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"published_at": "2023-10-03T20:28:21.000000Z",
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"highlight": "Published Oct 03, 2023 04:28PM ET\n\n© Reuters\n\nINTC +0.65% Add to/Remove from Watchlist\n\nInvesting.com -- <em>Intel</em> <em>Corporation</em> (NASDAQ: ) Corporation said Tuesday it plans to spin off its programmable solutions unit into a standalone business starting January next year.",
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"highlight": "Sandra Rivera, executive vice president at <em>Intel</em>, would assume leadership of PSG as chief executive officer, while Shannon Poulin has been named chief operating officer, the company added.\n\n<em>Intel</em> rose more than 2% in aftermarket hours following the news.",
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"highlight": "Published Oct 03, 2023 04:28PM ET\n\n© Reuters\n\nINTC +0.65% Add to/Remove from Watchlist\n\nInvesting.com -- <em>Intel</em> <em>Corporation</em> (NASDAQ: ) Corporation said Tuesday it plans to spin off its programmable solutions unit into a standalone business starting January next year.",
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"highlight": "Published Oct 03, 2023 04:28PM ET\n\n© Reuters\n\nINTC +0.65% Add to/Remove from Watchlist\n\nInvesting.com -- <em>Intel</em> <em>Corporation</em> (NASDAQ: ) Corporation said Tuesday it plans to spin off its programmable solutions unit into a standalone business starting January next year.",
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"highlight": "Published Oct 03, 2023 04:28PM ET\n\n© Reuters\n\nINTC +0.65% Add to/Remove from Watchlist\n\nInvesting.com -- <em>Intel</em> <em>Corporation</em> (NASDAQ: ) Corporation said Tuesday it plans to spin off its programmable solutions unit into a standalone business starting January next year.",
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"highlight": "Published Oct 03, 2023 04:28PM ET\n\n© Reuters\n\nINTC +0.65% Add to/Remove from Watchlist\n\nInvesting.com -- <em>Intel</em> <em>Corporation</em> (NASDAQ: ) Corporation said Tuesday it plans to spin off its programmable solutions unit into a standalone business starting January next year.",
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"highlight": "Sandra Rivera, executive vice president at <em>Intel</em>, would assume leadership of PSG as chief executive officer, while Shannon Poulin has been named chief operating officer, the company added.\n\n<em>Intel</em> rose more than 2% in aftermarket hours following the news.",
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"title": "Bank of America Report Reveals Workers’ Financial Stress as Living Costs Surpass Income By Investing.com",
"description": "Bank of America Report Reveals Workers’ Financial Stress as Living Costs Surpass Income",
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"snippet": "Published Oct 03, 2023 04:50PM ET\n\n© Reuters.\n\nBAC -2.96% Add to/Remove from Watchlist\n\nA recent report by Bank of America has emphasized the financial strain ...",
"url": "https://www.investing.com/news/economy/bank-of-america-report-reveals-workers-financial-stress-as-living-costs-surpass-income-93CH-3189635",
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"published_at": "2023-10-03T20:50:10.000000Z",
"source": "investing.com",
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"highlight": "The findings from Bank of America's report echo similar sentiments expressed in HR Dive's 2023 Identity of HR survey and the <em>Morgan</em> <em>Stanley</em> at Work survey. These studies underline the critical role employer-offered financial wellness programs play in supporting employees' financial stability and overall job satisfaction.",
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"title": "Zoom takes on Microsoft, Google with its own word-processing app",
"description": "Zoom Docs is loaded with Zoom’s artificial-intelligence assistant, AI Companion, and other AI capabilities that will help users draft, edit, summarize and...",
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"snippet": "Zoom Video Communications Inc.’s stock has been battered by a two-pronged menace in the post-lockdown era: A gradual return to work and blistering competition...",
"url": "https://www.marketwatch.com/story/zoom-takes-on-microsoft-google-with-its-own-word-processing-app-dfd99d5f",
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"published_at": "2023-10-03T20:47:00.000000Z",
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"highlight": "Zoom Video Communications Inc.’s stock has been battered by a two-pronged menace in the post-lockdown era: A gradual return to work and blistering competition from Microsoft Corp. and <em>Alphabet</em> <em>Inc</em>.’s Google.",
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"highlight": "Zoom Video Communications Inc.’s stock has been battered by a two-pronged menace in the post-lockdown era: A gradual return to work and blistering competition from <em>Microsoft</em> <em>Corp</em>. and Alphabet Inc.’s Google.",
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"highlight": "On Tuesday at the company’s annual conference, Zoom unveiled its own super-charged word-processing application and answer to <em>Microsoft</em> MSFT, -2.61% Teams, the communications suite that has been siphoning business from Zoom’s web-based videoconferencing service, as well as Alphabet’s GOOGL, -1.30% GOOG, -1.38% Google Docs.",
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"highlight": "Zoom’s new product is a rejoinder to <em>Microsoft</em> and Google, both of whom have been rolling out AI features to help automate tasks such as drafting and editing in Google Docs and <em>Microsoft</em> Word.",
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Other details
Entity count
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