Pins matching posted:2026-09-24

Broadcom's revenue rose 48% to a record $22.2 billion for the quarter ended 3 May 2026 and AI semiconductor revenue 143% to $10.8 billion, but it held its AI outlook and the shares fell 12.6% the next day.

The Supreme Court ruled 8-1 that the FCC can issue forfeiture orders without a jury, upholding the ruling against Verizon over its $46.9 million fine for selling access to customers' location data and reversing AT&T's win over its $57 million fine.

A financing platform for more than 20 GW of Broadcom XPU compute for frontier AI labs through 2028, opening with a $35 billion tranche led by Apollo with Blackstone to fund Anthropic's 1 GW-plus expansion at Fluidstack sites.

As FIFA's official telecom sponsor, Verizon ran the connectivity for the 104-match tournament, adding 5G spectrum to lift capacity three to five times at every US host stadium; its network reportedly carried nearly 500 TB, 29.2 TB of it at the final.

Verizon scrapped activation and upgrade fees, launched a Verizon Dollars and Verizon Shine loyalty program for every customer, and introduced the $45 Simplicity plan with unlimited 5G Ultra Wideband for all.

OpenAI's first Intelligence Processor, an inference accelerator it designed and Broadcom implemented, went from design to tape-out in nine months; Hock Tan and Charlie Kawwas handed it to Sam Altman and Greg Brockman.

Verizon, bidding as Cellco Partnership, won 82 of the 200 AWS-3 licenses in FCC Auction 113 for $3.16 billion, the bulk of the $3.57 billion the auction raised from seven winning bidders.

A Leonardo AW139 carrying oil workers back from Aramco's offshore fields crashed on approach to Ras Tanura at about 6 a.m., killing its two pilots and 12 passengers, all Saudi nationals.

Verizon and BT agreed to combine their international enterprise networking arms into a 50:50 joint venture serving over 3,000 multinationals in 180-plus countries with about $4 billion in combined annual revenue; Verizon pays BT $625 million to equalize.

Verizon said it will hand 274 company-owned stores to franchise operators and cut about 500 corporate jobs, moves affecting about 3,000 employees, effective 16 August 2026.

Nestlé's first-half organic growth reached 3.6% and volumes (RIG) improved to 1.8% in the second quarter, but net profit fell 31.4% to CHF 3.5 billion on restructuring and a CHF 1.3 billion write-down of businesses it is selling. It kept its 3% to 4% growth guidance for 2026.

Nestlé will put S.Pellegrino, Perrier, Acqua Panna, Nestlé Pure Life and its other waters and premium beverages into Peranel, a 50:50 joint venture with Platinum Equity valued at EUR 4.9 billion. Nestlé expects about EUR 3.0 billion in cash at closing, due in the first half of 2027.

Verizon added 184,000 postpaid phones and posted a record 40.1 percent adjusted EBITDA margin in the second quarter of 2026, raising full-year guidance for a second time and lifting its buyback target to $4.5 billion.

The General Court's President dismissed Broadcom's bid to suspend the Commission's demand for communications with in-house lawyers qualified outside the EU, finding no prima facie case and that the Commission's interest in enforcing competition rules prevails (T-280/26 R). The annulment action continues.

Aramco's second-quarter adjusted net income rose 33% to $33.4 billion as prices surged with the Strait of Hormuz disrupted by the Iran war, while exports kept flowing through the East-West Pipeline. It declared a $21.9 billion base dividend; first-half adjusted profit reached $67.2 billion.

At the French-Saudi Investment Roundtable in Paris, Aramco announced a drilling-equipment procurement agreement, an oil country tubular goods purchase deal and an Aramco Digital MoU on industrial AI and digital twins, worth a potential $3.7 billion combined. It came during Crown Prince Mohammed bin Salman's visit to France.

Broadcom's VMware conference ran 31 August to 3 September at The Venetian Convention and Expo Center, where it launched VMware Private AI Cloud and VMware AI Factory and said Explore moves to Resorts World in May 2027.

Verizon turned its Verizon Shine loyalty drops over to the NFL for the week before kickoff, giving away free tickets to every domestic regular-season game, 22 VIP team experiences and NFL Sunday Ticket from YouTube.

Purina's first factory built from the ground up since 1975, a 1.3-million-square-foot plant making Purina Pro Plan, Purina ONE and Dog Chow, officially opened east of Cincinnati. It is the largest investment Nestlé has made in a Purina plant and employs more than 430 people, heading for 500.

Nestlé agreed to sell its mainstream vitamins business - Nature's Bounty, Osteo Bi-Flex, Ester-C, Gard, Nuun, Puritan's Pride and Sisu, with its US private-label supplements and their plants - to Yellow Wood Partners for $1.0 billion. The business had $1.2 billion of sales in 2025; Nestlé keeps premium brands such as Solgar and Pure Encapsulations.

Broadcom's revenue rose 86% to a record $29.6 billion for the quarter ended 2 August 2026, with AI semiconductor revenue up 221% to $16.7 billion, and Hock Tan said Anthropic is on track to become its largest XPU customer in 2027.

Verizon agreed to buy more than 80 million miles of Corning optical fiber from 2027 to 2032 to push toward 40-50 million broadband passings and build long-haul fiber between AI data centers.

On CNBC's "Mad Money", Hock Tan said Broadcom's forecasts of $115 billion in AI revenue for fiscal 2027 and $230 billion for 2028 are unchanged, after Dario Amodei's essay urging a slower pace of AI development sent Broadcom shares down 4.8%.

The court reinstated the prosecution's microplastics analyses that Nancy's criminal court had thrown out in March, sending the case over 473,000 m³ of waste dumped near Vittel and Contrexéville back for a full new trial.

At 10:45am ET on 24 September the Senate votes on cloture on S.4668, the Cruz-Cantwell bill that would create a federal NIL right for college athletes and replace the patchwork of state laws, and on adopting the Cruz-Cantwell substitute. A 74-24 vote on 15 September began the bill's consideration.

The first stop of VMware Explore on Tour 2026 brings two days of sessions, Hands-on Labs and workshops from the Las Vegas show to Mumbai's Jio World Convention Centre on 29-30 September.

VMware Explore on Tour 2026 comes to the Raffles City Convention Centre in Singapore on 1-2 October, one of three stops that add days of partner training.

Meta's first AI glasses with no camera ship on October 13 from $349: 43 grams, audio and Meta AI only, with up to 12 hours of battery. Pre-orders opened at Meta Connect 2026.

VMware Explore on Tour 2026 reaches Europe at Frankfurt's Kap Europa congress centre on 13-14 October, with a content catalog and extra partner-training days.

VMware Explore on Tour 2026 holds its Japanese-language, invitation-only stop at the Grand Hyatt Tokyo in Roppongi on 20-21 October.

Nestlé publishes its January-September 2026 sales, the first update since it kept its 3% to 4% organic growth guidance in July and agreed the Peranel waters joint venture. Last year's nine-month release brought a 4.3% third quarter and about 16,000 job cuts.

Verizon's third-quarter 2026 results, where it has guided mobility and broadband service revenue growth to approach 3.0 percent on the way to about 4.0 percent in the fourth quarter.

Aramco's third-quarter 2026 results and dividend declaration, estimated for Tuesday 3 November 2026 at about 8 a.m. Riyadh time from its pattern; the company has not announced the day. It will be measured against Q2's $33.4 billion adjusted profit and $21.9 billion base dividend.

VMware Explore on Tour 2026 comes to the ICC at Olympia in West Kensington, London, on 18-19 November, one of three stops with extra partner-training days.

New to the tour in 2026, a one-day VMware Explore for the US public sector, state and local governments and contractors, at the Ronald Reagan Building on 8 December.

Broadcom reports its fourth quarter and fiscal year 2026 against its own guide of about $34.8 billion in revenue, up 93%, including $21.7 billion of AI semiconductor revenue.

The offshore Zuluf increment, whose associated gas feeds the new Tanajib Gas Plant, is on track for completion in 2026 after Marjan came on stream in December 2025.

The 47,000-seat, fully air-conditioned stadium Aramco is building in Al Khobar, a Populous design modelled on Gulf whirlpools, is due to open in 2026 as Al-Qadsiah FC's home and a venue for the 2027 AFC Asian Cup and the 2034 FIFA World Cup.

AST SpaceMobile expects to start beta space-based cellular broadband with AT&T and Verizon before the end of 2026, reaching ordinary phones over Verizon's 850 MHz spectrum, though coverage will be intermittent until more satellites fly.

A 300,000 b/d refinery with 1.65 million tonnes a year of ethylene and 2 million tonnes of paraxylene in Panjin, Liaoning, built by Aramco's joint venture with NORINCO and Panjin Xincheng for RMB 83.7 billion. Aramco will supply up to 210,000 barrels a day of its crude.

The first deployment of Jalapeño, the inference accelerator OpenAI designed and Broadcom builds under their 10 GW deal, due by the end of 2026 in data centers with Microsoft and other partners, ahead of a planned 1.3 GW in 2027.

Nestlé stops making hollow chocolate figures at its 220-worker Diósgyőr plant in Miskolc at the end of 2026, and Hungarian food wholesaler Vimpex takes the factory over from 1 January 2027, keeping at least a third of the staff.

The October 2025 Busan truce (a 10-point cut to the US fentanyl tariff, general licences for Chinese rare-earth exports, US soybean purchases, paused port fees) now lapses on January 10, 2027. Scott Bessent announced the two-month extension from November 10 as Xi Jinping landed in Washington.

S-Oil's 9.26 trillion won Shaheen complex at its Onsan refinery in Ulsan, with the world's first commercial Thermal Crude-to-Chemicals unit and a 1.8 million-tonne ethylene cracker, is due to start commercial operation in early 2027. Aramco is S-Oil's largest shareholder.

Nestlé publishes its 2026 full-year results, the test of its 3% to 4% organic growth guidance and CHF 9 billion free-cash-flow target, a year after the results day on which it proposed its CHF 3.10 dividend for 2025.

The 2026 VMware Explore on Tour season closes in Sydney on 3-4 March 2027 at the Sofitel Sydney Wentworth on Phillip Street.

Meta's $1,299.99 VR headset in the shape of glasses, about 100 grams on the face with a tethered compute puck and a 5K micro-OLED display, goes on sale in Spring 2027. It was code-named Project Phoenix and unveiled at Meta Connect 2026.

Expected completion of the deal that moves S.Pellegrino, Perrier, Acqua Panna and Nestlé's other waters into Peranel, a 50:50 joint venture with Platinum Equity, paying Nestlé about EUR 3.0 billion (CHF 2.8 billion) in cash. Closing still needs employee consultations and regulatory approvals.