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The number of workers testing positive for drugs has hit a two-decade high.
@WillFOIA joins @AlisonMorrisNOW to discuss the changing marijuana rules in the U.S.
Watch NOW: nbcnews.com/NOW
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Will Feuer
@WillFOIA
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. Also focused on hospitality cruises and fun . Reach me at Will.Feuer@wsj.com. Signal for secure messages: 609-751-1257Will Feuer’s Tweets
The watch collectors subreddit going wild
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A1 and above the fold! *Hostile* Merger Monday.🗞️🗞️🗞️
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MKS Instruments Inc. has halted operations at some facilities as it responds to a ransomware attack.
It's also figuring out whether its cybersecurity insurance is going to cover the incident.
$MKSI -2%
sec.gov/ix?doc=/Archiv
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Activist investor Ryan Cohen is amassing a sizable stake in Nordstrom Inc. and intends to urge the upscale department-store chain to make changes to its board following a steep share-price decline, reports.
$JWN
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Tax-loss harvesting
Judy Marks, CEO of elevatormaker Otis, tells WSJ she's visiting China "soon" for the first time since 2020
20% of 3Q sales came from China + Marks says she is "bullish right now on the China snapback."
MORE behind The Great (pay)Wall of Dow Jones
$OTIS
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Post-pandemic trade shows "are operating under different benchmarks," says Dave Foulkes, CEO of boatmaker Brunswick Corp.
$BC
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Tumbling steel prices boosts A. O. Smith profit forecast for 2023.
The water boiler and heater maker says it expects to see other input costs come down throughout 2023.
$AOS +10.5%
SCOOP : Chris Licht has approached his old colleague Gayle King to pitch her on hosting a prime time interview show that would still allow her to host ‘CBS Mornings.’ It could be just the sort of narrative-changing move he needs. Will she take it?
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NetApp laying folks off this morning - 8% of staff, which was 12,000 total as of April 2022.
CEO George Kurian tells employees that economic uncertainty is “driving more conservatism in IT spending," pressuring the cloud-services provider.
$NTAP
sec.gov/Archives/edgar
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Polaris says demand for recreational off-road vehicles is softening, pushing its quarterly retail sales down 6%
$PII
ir.polaris.com/files/doc_fina
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Fly @Eagles Fly! We’re going Green and White in honor of the Eagles NFC Championship Victory.
New w/ : The EV race is heating up! Ford is cutting prices on its Mustang Mach-E (~1-9% depending on version), just weeks after Tesla slashed prices across its lineup as much as 20%. The Mach-E is a direct competitor to Tesla's Model Y.
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Today's cover: The Empire State Building lights up in the colors of the Eagles and the Chiefs after their Conference Championship wins trib.al/WxDxrzh
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I'm here at The Empire State Building where an angry mob of New Yorkers has descended. They are demanding the building lighting be changed from green. And they want the person who tweeted to be fired.
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Watch market down bad
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SCOOP: A battle for board seats is brewing at Salesforce, as Elliott prepares to nominate a slate of directors. $CRM
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Dow CEO Jim Fitterling on layoffs -- "It's not a haircut - 5% of the workforce. It will be targeted."
Finalizing list of affected locations. Says layoffs won't be confined to Europe, which dragged results in 4Q
$DOW
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Dow Inc. cutting 2,000 jobs as it targets $1 billion in cost savings this year.
$DOW
prnewswire.com/news-releases/
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Economic slowdown comes for the boat market 🚤
MarineMax shares falling after company cuts full-year guidance, same-store sales slip 1%.
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Dow Inc. cutting 2,000 jobs as it targets $1 billion in cost savings this year.
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$T now up 6%
CEO John Stankey says "we're through the worst of" inflation.
“I see the economy being relatively stable right now ... We're not seeing anything that's causing us to be extremely concerned about it, but what happens later in the year – who knows.”
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AT&T Inc. added subscribers for its core wireless business in the latest quarter, and said it plans to keep spending big this year on the buildout of 5G infrastructure and the fiber network.
$T
wsj.com/articles/att-t
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Auto-service and tire provider Monro Inc. says customers are trading down to cheaper tires and deferring vehicle maintenance, latest sign of financial stress weighing on Americans.
$MNRO
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Abbott Labs global Covid test kit sales tumbled about 54% over the past year to $1.07 billion in the recent quarter.
$ABT
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Company swings to a GAAP loss on a $25 billion non-cash goodwill impairment charge tied to legacy infrastructure.
Also books a $1.4 billion asset abandonment charge on wireline conduits.
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AT&T Inc. added subscribers for its core wireless business in the latest quarter, and said it plans to keep spending big this year on the buildout of 5G infrastructure and the fiber network.
$T
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International Paper selling its stake in Russia JV $IP
The layoffs that have become common in tech are creeping into manufacturing. Story from and me.
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🚨🚨🚨 Rupert Murdoch withdraws proposal to explore a potential combination of News Corp and Fox
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I can't stop staring at the header photo on this.
General Electric Co. reported strong demand for its jet engines and power equipment in the fourth quarter, lifting the manufacturer to a quarterly profit and higher revenue than a year ago. via
