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Symbotic Soars 38% After Walmart Discloses 62.2% Stake
(RTTNews) - Shares in Symbotic, Inc. (SYM) are skyrocketing more than 38 percent in premarket trading on Tuesday after retail giant Walmart (WMT) revealed a 62.2 percent stake in the A.I.-powered supply chain technology company.
In a Schedule 13D filing with the U.S. Securities and Exchange Commission, Walmart said it has acquired 58.8 million shares in Symbotic.
Walmart has an ongoing commercial agreement with Symbotic to its robotics and software automation platform in all 42 of Walmart's regional distribution centers over the coming years.
Symbotic went public in a business combination with a special purpose acquisition company or SPAC two weeks ago.
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Calico Brands Recalls 175K Scripto Premium Torches Sold At Walmart, Home Depot
Ontario, California-based Calico Brands is recalling about 175 thousand units of Scripto Premium Torches citing risks of injury or death from fires and burns, according to the U.S. Consumer Product Safety Commission. The recall involves the Scripto Premium Torch with UPC number "0-70257-52226-6".
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PepsiCo Q3 Results Top Market, Confirms FY25 View; Names Walmart's Steve Schmitt CFO
PepsiCo, Inc. on Thursday reported lower profit in its third quarter, while core earnings per share and top line beat market estimates. Further, the firm maintained its fiscal 2025 outlook. Separately, the food and beverage giant announced that it has appointed Walmart Inc.'s Steve Schmitt as Executive Vice President and Chief Financial Officer...
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Walmart To Kick Off Holiday Season With Early Deals On Oct. 7-12
In preparation for the upcoming holiday season, retail behemoth Walmart, Inc. is bringing tens of thousands of deals with early savings, starting October 7 through 12. While membership is not required for the first deals event of the season, Walmart+ members will get exclusive early access on October 6 at 7 p.m. ET, and shoppers can enjoy fast delivery and in-store convenience all week long.
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Walmart Shares Hit As Q2 Profit Misses Street, Updates FY26 Outlook Below View
Shares of Walmart Inc. were losing around 5 percent in the morning trading after the retail behemoth reported second-quarter earnings below market estimates, despite a significant year-over-year growth. Meanwhile, net sales were higher and beat the Street estimates.
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Walmart Recalls 850K Ozark Trail Water Bottles
Retain giant Walmart Inc. is recalling about 850,000 Ozark Trail 64 oz Stainless Steel Insulated Water Bottles as the lid can suddenly pop off with force, causing injury, according to the U.S. Consumer Product Safety Commission. The recall includes Water Bottles sold under model number 83-662. These silver stainless-steel bottles feature a black one-piece screw-on lid.
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Chicken Fettuccine Alfredo Sold At Kroger, Walmart Recalled After Listeria Outbreak
The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS announced the recall of chicken Fettuccine Alfredo products sold through Kroger and Walmart retail stores across the United States, citing potential adulteration with an outbreak strain of Listeria monocytogenes. The outbreak currently includes 17 ill people in 13 states, with three reported deaths and one fetal loss.
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FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled
The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.
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Walmart To Cut 1,500 Corporate Jobs In Cost-cutting Efforts
Amid a challenging retail environment, due to fierce competition along with ongoing tariff issues, retail behemoth Walmart Inc. is planning to cut around 1,500 corporate jobs in the United States as part of its restructuring, media reported citing a memo.
The multinational chain of hypermarkets, discount department stores, and grocery stores' efforts to simplify its operations...
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