Walmart Any-time Delivery Using HomeValet-powered Smart Box
Walmart (WMT) has partnered with smart box maker HomeValet for grocery delivery pilot program.
Walmart announced that beginning this spring, participating customers in Bentonville, Arkansas, will be able to receive deliveries from their local Walmart directly into a temperature-controlled HomeValet-powered smart box placed outside their home. This gives customers the ability to receive secure, contactless deliveries with the peace of mind knowing their grocery items will stay fresh.
Walmart said it will reach out to its current delivery customers in Northwest Arkansas to learn of their interest in participating in the pilot.
HomeValet’s smart box is powered by an internet of things (IoT) platform that has three temperature-controlled zones, so it can properly store frozen, refrigerated and pantry items.
“If there’s one thing we know about our customers, it’s that they’re busier than ever. Our pilot with HomeValet is one of many solutions we’re testing that can make their days more manageable. After all, delivery should fit within their lifestyle, not the other way around,” said Tom Ward, SVP of Customer Product, Walmart U.S.
Royal Caribbean To Divest Azamara Brand To Sycamore Partners For $201 Mln Cash – Quick Facts
Royal Caribbean Group (RCL) announced Tuesday it has entered into a definitive agreement to sell its Azamara brand to a private equity firm Sycamore Partners in an all-cash carve-out transaction for $201 million, subject to certain adjustments and closing conditions.
Sycamore Partners will acquire the entire Azamara brand, including its three-ship fleet and associated intellectual property. The transaction, subject to customary conditions, is expected to close in the first quarter of 2021.
Royal Caribbean Group noted the transaction allows it to focus on expanding its Royal Caribbean International, Celebrity Cruises and Silversea brands.
Royal Caribbean Group will work in close collaboration on a seamless transition for Azamara employees, customers and other stakeholders. In conjunction with the transaction, Azamara Chief Operating Officer Carol Cabezas has been appointed President of the brand.
The transaction will result in a one-time, non-cash impairment charge of approximately $170 million. The sale of Azamara is not expected to have a material impact on Royal Caribbean Group’s future financial results.
Citigroup Inc. Q4 Profit Declines
Citigroup Inc. (C) released earnings for fourth quarter that declined from last year.
The company’s bottom line totaled $4.63 billion, or $2.08 per share. This compares with $4.98 billion, or $2.15 per share, in last year’s fourth quarter.
Analysts had expected the company to earn $1.34 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 10.2% to $16.50 billion from $18.38 billion last year.
Citigroup Inc. earnings at a glance:
-Earnings (Q4): $4.63 Bln. vs. $4.98 Bln. last year.
-EPS (Q4): $2.08 vs. $2.15 last year.
-Analysts Estimate: $1.34
-Revenue (Q4): $16.50 Bln vs. $18.38 Bln last year.
Mindtree Q3 Net Profit Rises – Quick Facts
Mindtree, a global technology consulting and services company, reported third quarter net profit of $44.2 million, up 59.3% from previous year. Revenue was at $274.1 million, a decline of 0.4% from last year.
Mindtree recorded 276 active clients as of December 31, 2020. The company added 8 new clients during the quarter.
Debashis Chatterjee, Chief Executive Officer and Managing Director,MINDTREE, said: “We are witnessing strong business momentum across all verticals with a significant demand for cloud, data and analytics capabilities. We are now well-positioned to continue delivering profitable growth.”
PageGroup Plc Q4 Group Gross Profit Down 20.2% In Constant Currencies – Quick Facts
PageGroup plc (MPGPF.PK,PAGE.L) reported fourth quarter Group gross profit of 165.5 million pounds, a decline of 20.2 percent in constant currencies year-on-year. For full year 2020, Group gross profit was 609.7 million pounds, a decline of 28.2 percent in constant currencies from previous year.
Chief Executive Officer, PageGroup, said: “The Group’s results improved in each of the three months of Q4. Having exited Q3 in September at a decline of 26%, Group gross profit in December improved to a decline of 18.2%, with a number of markets such as Mainland China and Japan growing in the last month of the year.”
The Group will issue its full year results on 3 March 2021.
Delhi HC asks Future to respond to Amazon plea
U.S. firm challenges bench’s observation
The Delhi High Court on Wednesday asked Future Retail Limited (FRL) to respond to Amazon’s plea challenging certain observations made by a single judge bench against the U.S.-based e-commerce major.
A bench of Chief Justice D.N. Patel and Justice Jyoti Singh also issued notice to Future Coupons Pvt. Ltd. (FCPL), seeking a stand on Amazon’s plea against the observations made by the single judge bench in its December 21, 2020 order.
Amazon, in its appeal before the division bench, said certain observations were made by the single judge bench “on the merits of the case in the arbitration proceedings, which were inconsistent with the findings contained in the emergency award (EA) order by the Singapore International Arbitration Centre (SIAC)”.
It contended that the observations ‘effectively resulted in allowing FRL to collaterally bypass the EA order’.
Stock Alert: La Jolla Pharmaceutical Soars On Deal With PAION
Shares of La Jolla Pharmaceutical Company (LJPC) are surging more than 40% Tuesday morning after it entered into an exclusive licensing agreement with PAION AG and its wholly owned subsidiary for GIAPREZA (angiotensin II) and XERAVA (eravacycline) in the European Economic Area, the United Kingdom and Switzerland.
As per the deal, La Jolla is entitled to receive an upfront cash payment of $22.5 million, commercial milestone payments of up to $109.5 million and double-digit tiered royalty payments based on net sales of GIAPREZA and XERAVA.
La Jolla granted PAION an exclusive license to commercialize GIAPREZA and XERAVA in the Territories.
GIAPREZA and XERAVA are approved by the FDA as well as the European Commission.
LJPC, currently at $5.71, has been trading in the range of $3.36- $9.38 in the last one year.