SPY - Weekly Jobless Claims Unexpectedly Fal Google Ditches Broadcom In Favor of Marvell Chips Hollywood Strike Might End: Today's Top Stories | Benzinga
Benzinga
Weekly Jobless Claims Unexpectedly Fall 20K To 201K
- Weekly Initial Jobless Claims were 201,000, a decrease of 20,000 from the previous week's revised level, according to data the Labor Department released on Thursday.
- The number is below the average economist estimates of 225,000 and lower than the previous week's revised level.
- The previous week's level was revised up by 1,000 from 220,000 to 221,000.
Cisco to Acquire Splunk, Stock Shoots Higher
- Cisco Systems Inc (NASDAQ: CSCO) agreed to acquire Splunk Inc (NASDAQ: SPLK) for $157 per share in cash, representing approximately $28 billion in equity value, triggering a rally in Splunk's stock prices. Meanwhile, Cisco stock prices fell.
- The purchase price implies a premium of 31.3% on Splunk's September 20 closing of $119.59.
Biden Administration Restarts Distribution Of Free At Home COVID-19 Tests, After Suspending For Year
- The Biden administration declared that it would recommence offering free at-home COVID tests to American households starting next Monday in response to the escalating spread of the virus nationwide.
- Last September, the federal government suspended its offer of free at-home COVID-19 tests.
Feeling The Brew! Starbucks Announces A Juicy Dividend Hike
- Starbucks Corp (NASDAQ: SBUX) said its Board of Directors approved a 7.5% increase in the company's quarterly cash dividend from $0.53 to $0.57 per share.
- This raises the company's annual dividend rate to $2.28 per share.
Keurig Dr Pepper Stirs Things Up: Picks Consumer Packaged Goods Veteran Tim Cofer As Next CEO
- Keurig Dr Pepper Inc (NASDAQ: KDP) has appointed Tim Cofer as Chief Operating Officer, effective Nov.6, 2023, reporting to Chairman & CEO Bob Gamgort.
- Cofer will assume the Chief Executive Officer role in the second quarter of 2024.
- The Kraft Heinz Company (NASDAQ: KHC) voluntarily recalled approximately 83,800 cases of individually wrapped Kraft Singles American processed cheese slices owing to the choking hazard of some of its wrappers.
- The said batch of Kraft Singles American processed cheese slices was shipped to a limited number of customers.
Reuters
Google's Power Move: Broadcom Ditched in Favor of Marvell Amid AI Chip Wars
- Broadcom Inc (NASDAQ: AVGO) stock is trading lower Thursday amid reports of Alphabet ...