even as profit fell 22 per cent from the same quarter last year, weighed down by costs related to the U.S. investigation into the lender’s anti-money laundering practices.
“The bank has been co-operating with U.S. regulators and authorities in good faith for many months and is working diligently to bring these investigations to resolution so that investors can have more clarity,” TD said in a press release. “A comprehensive overhaul of TD’s U.S. AML program is well underway, and will strengthen our program globally.”
Maple Leaf says most of its Further Processed Poultry production will be consolidated into its existing plant network.He says the plant closure will happen in a phased manner to maintain business continuity and meet customer demand.) surged on Thursday after the chipmaker forecast an upbeat second-quarter revenue and announced a stock split that floored investors and once again showcased its dominance in the AI-related chips market.
“The stock price will certainly reach $1,000 per share, but whether it can maintain that level is uncertain,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. Nvidia continued to flag demand was exceeding supply but CEO Jensen Huang said their upcoming Blackwell AI chips will ship in the current quarter, with production increasing in the following quarter.
Shares rose as the data cloud analytics company also said it plans to acquire technology assets and hire 35 employees from TruEra, an AI observability platform. It did not share further details. “Snowflake results exceeded expectations and guidance was strong as well as the company benefits from an accelerated shift to the cloud and Generative AI volumes,” said D.A. Davidson analyst Gil Luria.
The company will separate its electronics and water businesses in tax-free transactions, while the new DuPont will continue as a diversified industrial company. Back in 2015, DuPont and Dow had agreed to merge for US$130-billion, in which the two companies then split into three. “This is a new golden age of opportunity with AI,” said senior vice-president Cliff Hou, who was speaking at an event in Hsinchu, where the company is headquartered.
The Justice Department has been investigating Ticketmaster’s domination of concert ticket sales, sources have previously told Reuters. Concert fans and politicians for years have called for a re-examination of the Live Nation-Ticketmaster merger in 2010, especially after the botched sale of tickets to a Taylor Swift concert tour.
In the lawsuit to be filed on Thursday, the DOJ’s options range from requiring the company to stop illegal behavior, a common request, to asking a court to break it up, which is rare. Demand for pricier apparel in the United States has been choppy as consumers become increasingly particular about quality, style and value on their stressed discretionary budgets.
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