Peloton Interactive To Exit All Owned-manufacturing Operations; Expanding Rexon Partnership

RTTNews | 1152 dias atrás
Peloton Interactive To Exit All Owned-manufacturing Operations; Expanding Rexon Partnership

(RTTNews) - Interactive fitness platform Peloton Interactive, Inc. (PTON) announced Tuesday it is exiting all owned-manufacturing operations and expanding its current relationship with leading Taiwanese manufacturer Rexon Industrial Corp.

The company said the shift is a natural progression in Peloton's strategy to simplify its supply chain and focus on technology and best-in-class content to continue driving the business forward as the leading global Connected Fitness company.

Rexon will become the primary manufacturer of the hardware for Peloton's iconic Bike and Tread product lines.

Along with the expanded partnership with Rexon, Peloton will suspend operations at its Tonic Fitness Technology, Inc. facility through the remainder of 2022. The Company acquired Tonic in October 2019.

Etiquetas: PTON
read more
Peloton To Slash Another 500 Jobs: Reports

Peloton To Slash Another 500 Jobs: Reports

Fitness equipment maker Peloton Interactive, Inc. (PTON) is reportedly planning to cut about 500 jobs or 12 percent of its remaining workforce. This will be the company's fourth round of layoffs this year as it struggles to return to profit.
RTTNews | 1066 dias atrás
Sensex, Nifty End Choppy Session Little Changed

Sensex, Nifty End Choppy Session Little Changed

Indian shares fluctuated before ending little changed on Friday despite GST reforms optimism and firm cues from global markets amid growing expectations of a Federal Reserve interest-rate cut later this month.
RTTNews | 1 dia atrás
European Shares Inch Higher In Cautious Trade

European Shares Inch Higher In Cautious Trade

European stocks were modestly higher on Friday as investors braced for the key U.S. jobs reading due later in the day and French Prime Minister Francois Bayrou's confidence vote on Monday.
RTTNews | 1 dia atrás
Asian Shares Modestly Higher Before Pivotal US Jobs Report

Asian Shares Modestly Higher Before Pivotal US Jobs Report

Asian stocks eked out modest gains on Friday as weak U.S. labor market data reinforced expectations of a Federal Reserve rate cut later this month and U.S. President Donald Trump signed an executive order officially putting into action the U.S.-Japan trade agreement.
RTTNews | 1 dia atrás
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The benchmark S&P/ASX 200 Index is gaining 30.30 points or 0.34 percent to 8,856.80, after touching a high of 8,880.70 earlier. The broader All Ordinaries Index is up 35.00 points or 0.39 percent to 9,126.40. Australian stocks closed significantly higher on Thursday.
RTTNews | 1 dia atrás
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as some weaker than expected U.S. private sector job growth in the month of August bolstered bets the US Fed will lower interest rates later this month. The markets are pricing in a September rate cut and anticipating at least two reductions this year.
RTTNews | 1 dia atrás