Robert Iger, the longtime head of Walt Disney Co., stepped aside as CEO this week. But he's not really gone: Mr. Iger has taken on the relatively rare role of executive chairman. Major corporations are increasingly splitting the positions of chairman and chief ...
Worries about the economic impact of the coronavirus have sent stocks tumbling and many investors fleeing to bonds — which could push rates on federal student loans to record lows. How does that work? Once you take out a federal student loan, the ...
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Thursday it had ordered Wells Fargo & Co (WFC.N) to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending high-risk ...
The LNG export startup will need billions of dollars to fund its export facility. A major prospective partner that was expected to provide a lot of capital now appears to be on the fence. Jason Hall. (TMFVelvetHammer). Feb 27, 2020 at 5:25PM. Author Bio.
Rising anxiety over the global coronavirus outbreak pushed the stock market into a new zone of fear Thursday. After falling sharply all week, the Dow Jones industrial average tumbled another 1,190.95 points to close at 25,766.64 — its worst one-day point ...
(Reuters) - Beyond Meat Inc (BYND.O) said on Thursday that fourth-quarter sales tripled, but shares fell 7% in after-hours trading as the company missed earnings expectations and announced that Executive Chairman Seth Goldman will resign. FILE PHOTO: ...
WASHINGTON (Reuters) - The U.S. Federal Communications Commission is set to propose fining four major U.S. mobile phone companies at least $200 million in total for improperly disclosing some consumer real-time location data, two people briefed on ...
(RTTNews) - Stocks attempted to recover from early sell-off during trading on Thursday but pulled back once again to end the session sharply lower. The major averages closed lower for the sixth straight session, with the Dow tumbling to its lowest closing ...
After this cannabis giant reported better-than-expected quarterly results, is now the time to buy it? Mark Prvulovic. (TMFmarkprvulovic). Feb 27, 2020 at 12:11PM. Author Bio. Before joining The Motley Fool, Mark worked as a freelance financial writer covering ...
Corona is getting flak on social media for an ill-timed "coming ashore soon" campaign for its hard seltzer. A promotional post on Twitter earlier this week shows four cans of the hard seltzer on a beach and the words "Coming ashore soon." The post was ...
In a continuation of the rapid-fire and dramatic changes being made by new CEO Mark Tritton, Bed Bath & Beyond this afternoon announced a major restructuring of its corporate office staff that includes the elimination of approximately 500 positions.
Boeing Co. has agreed to cover payments for jet engines made for its grounded 737 MAX, easing the burden of the production delay on suppliers General Electric Co. and France's Safran SA . The MAX jet is powered by LEAP-1B engines made by CFM, ...
NEW YORK — Food delivery giant DoorDash has taken a first formal step toward a stock market debut. The San Francisco-based company said Thursday that it had filed paperwork with the Securities Exchange Commission outlining its proposed public stock ...
In an excerpt from an interview that will Air on Friday, Apple CEO Tim Cook says that he is hopeful that coronavirus is starting to get under control in China, and factories are coming back online. Tim Cook being interviewed by FOX Business Network's Susan ...
(Reuters) - Occidental Petroleum Corp (OXY.N) reported a quarterly loss on Thursday, as it took more than $1.7 billion in impairment and other charges. The oil and gas producer reported net loss attributable to shareholders of $1.34 billion, or $1.50 per share, ...
(Adds comment from CEO of rival exchange). Feb 27 (Reuters) - Canada's largest stock exchange operator, TMX Group Ltd, experienced its second technical glitch in less than two years on Thursday, resulting in the shutdown of trading across three local ...
Bitcoin (BTC) has found some stability in the time followings its capitulatory selloff seen over the past few days, with bulls stepping up and ardently defending against a drop below $8,800 – which appears to have become a near-term support level for the ...
Walmart's battle with Amazon.com is going Prime time. The world's largest retailer is developing a paid membership program to challenge the internet giant's Prime offering -- which has become the default online shopping option for millions around the globe.
Marriott Chief Financial Officer Leeny Oberg told CNBC on Wednesday that it is seeing a notable drop in demand for hotel rooms in China. Marriott is the world's largest hotel operator, and China is its fastest growing market. Meanwhile, Booking Holdings is ...
Google Cloud announced today that its new data center in Salt Lake City has opened, making it the 22nd such center the company has opened to date. This Salt Lake City data center marks the third in the western region, joining LA and The Dalles, Oregon ...
Global stocks plunged to four-month lows, government debt yields sunk to unprecedented levels and crude oil extended declines as anxiety over the spread of the COVID-19 deepened. The S&P 500 whipsawed investors Thursday, turning lower again after ...
Hudson's Bay Co. shareholders voted to take the retailer private, allowing the owner of Saks Fifth Avenue to try to mount a turnaround without the scrutiny of public markets. Shareholders agreed to sell their stock to a group of investors including Hudson's Bay ...
SAUK RAPIDS -- Ryan and Sharon Voeller are giving new meaning to the phrase "coffee to go." The Sauk Rapids couple recently launched Adventure Coffee MN, a coffee truck offering a full menu of hot beverages and baked goods. The plan for a coffee ...
(Reuters) - Shares of Microsoft Corp (MSFT.O) fell 4% on Thursday after the company warned of weakness in its PC business after a hit to its supply chain from the coronavirus outbreak, echoing similar statements from Apple Inc (AAPL.O) and HP (HPQ.N).
February 27th, 2020 by Steve Hanley. BP, which may have done more damage to the Earth's environment than any corporation in history, with the possible exception of ExxonMobil, says it wants to clean up its act and become a "net zero" business by 2050.
Workday earnings and sales for the fourth quarter topped estimates amid lowered expectations for the enterprise software maker. Workday stock rose in extended trading on Thursday, following a big sell-off in Thursday's regular session triggered by the ...
By Muyu Xu and Shivani Singh. BEIJING, Feb 27 (Reuters) - China's top container ports are loosening the backlog of cargoes on their docks as workers return to their jobs after coronavirus travel curbs that kept them away and jammed up global supply chains ...
AMC Entertainment Holdings Inc. reported a loss in the fourth quarter. AMC reported a loss of $13.5 million, compared with a profit of $170.6 million the comparable quarter a year ago. Its loss was 13 cents a share, compared with a profit of 43 cents a share.
Autodesk shares were down in late trading Thursday on weaker-than-expected guidance for the design software company's April quarter. For the fiscal fourth quarter ended in January, the company reported revenue of $899 million, ahead of Wall Street ...
In its latest effort to curtail the unfettered growth of food delivery services like Grubhub and Uber Eats, the New York City Council is set to introduce a package of bills today that will limit the amount of commission these apps can charge restaurants in the city, ...
WASHINGTON — U.S. long-term mortgage rates declined this week as growing concern over the economic impact of China's viral outbreak spurred a steep downturn in global stock markets. Mortgage buyer Freddie Mac said Thursday the average rate for a ...
Reckitt Benckiser, which acquired the Chicago-based infant nutrition company in 2017, was already facing increased competition in Mead Johnson's core China market even before the coronavirus emerged. Tweet · Share; More. Share · Email · Reprints Print.
Liberated from its struggling sister company, Bath & Body Works has room to grow, and plans to do so. But don't look for much more of its soaps and scents in traditional malls. As part of L Brands' $525 million sale of a majority stake in Victoria's Secret to New ...
NeoGenomics, the Lee County-based cancer testing company, grew net income in 2019 and the fourth quarter. And it's consolidated revenue increased 39.7% to $106.9 million for the final three months of the year. The company has a backlog of about $130 ...
BOSTON — Columbia Gas of Massachusetts will be sold to Eversource Energy for $1.1 billion in a deal announced hours after federal prosecutors made public a settlement with the company to resolve a criminal charge for its role in the 2018 gas explosions ...
AUSTIN, Texas — Editor's note: The video above was published in November 2019. In 2019, home sales in Round Rock and Austin increased more than 6% to nearly 37,000 single-family home sales, according to the 2019 Texas Real Estate Year in Review ...
Volkswagen has announced details of the first three performance editions of the new Mark 8 Golf. In keeping with previous generations the iconic GTI model is joined by a high performance GTE hybrid and diesel-powered GTD.
SALEM, Ore. (KGW) – An Oregon man's craving for Girl Scout cookies has landed him in jail. Police say he used counterfeit money to buy a box of cookies. But thanks to an astute 13-year-old scout, he got caught. Yes, they're delicious, but let 13-year-old Ava ...
Shares in Nokia Oyj rose in a falling market on Thursday, after Bloomberg News reported that the Finnish telecom network equipment maker was considering asset sales and mergers. JPMorgan analysts wrote in the wake of the report: "If exploring strategic ...
The parent company of the Gordmans chain of discount stores has announced plans to close its two stores in Wichita and others across the country. Gordmans filed for bankruptcy in 2017 and was then purchased by Stage Stores, based in Houston, Texas.
Judy Shelton's nomination to the Federal Reserve isn't dead yet. In fact, it's showing new signs of life. After absorbing a number of body blows at her confirmation hearing over her support for the gold standard and past writings, Shelton picked up the vote of ...
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