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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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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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Před 23 dny
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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Před 46 dny
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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Před 55 dny
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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Před 73 dny
Walmart Recalls Marketside Fresh Cut Cucumber Slices
Retail giant Walmart Inc. has recalled Marketside branded Fresh Cut Cucumber Slices possibly made with recalled whole cucumbers supplied by SunFed Produce, LLC due to the potential for Salmonella contamination, according to the U.S. Food and Administration. The Marketside Fresh Cut Cucumber Slices, produced in select stores, were available at 34 Walmart stores located in Texas.
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Před 241 dny
Walmart Offers Thanksgiving Meal For Below $7/Person Through Dec. 25
Walmart Inc. officially launched its holiday meal, offering customers a Thanksgiving meal for less than $7 per person. The offer, which comes earlier than last year, and at an even lower price, is available from October 14 through December 25. Walmart said its inflation-free Thanksgiving meal would benefit customers, who want to begin saving earlier and throughout the holiday season.
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Před 290 dny
Walmart Holiday Deals Event On Oct. 8-13
Omnichannel retail giant Walmart Inc. is unveiling thousands of offers with consistently low prices, kicking off the holiday shopping season earlier than ever. The first Walmart Holiday Deals event of the season runs from October 8 to 13 with early access for Walmart+ members. The retailer has introduced earlier, longer windows for holiday savings across its wide range of assortment.
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Před 318 dny
Mattel's Fisher-Price Recalls 366K Dumbbell Toy
New York-based Fisher-Price Inc., owned by toymaker Mattel, Inc., has called back about 366,200 units of Dumbbell toy sold with Baby Biceps Gift Set citing choking hazard, according to the U.S. Consumer Product Safety Commission. In addition, about 37,850 units were sold in Canada. The recall involves the plastic dumbbell toy sold with the Fisher-Price Baby Biceps Gift Set with model number GJD49.
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Před 335 dny
