C&E Industry News Filter
- Market
Wendy’s Shares Jump 17% On Potential Acquisition by Trian
By Denny Jacob Wendy’s Co. shares jumped 17% to $19.08 in after-hours trading Tuesday after its largest shareholder said it…
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FDA panel to review Pfizer and Moderna vaccines for children aged six month to 4 years on June 15
The Food and Drug Administration said Monday an advisory panel would meet June 15 to discuss use of the vaccines…
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Snap stock falls 30% after Snapchat parent says it will miss estimates due to deteriorating economy
Snap Inc. stock fell more than 30% in the extended session Monday after the Snapchat parent said it likely will…
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Zoom stock rallies 20% after earnings beat, improved profit forecast
Zoom Video Communications Inc. shares soared in the extended session Monday after the videoconferencing company topped Wall Street’s earnings expectations…
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Russian soldier sentenced to life in prison for killing civilian
KYIV, Ukraine (AP) — A Ukrainian court sentenced a 21-year-old Russian soldier to life in prison Monday for killing a…
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Philadelphia reinstates face-mask mandate for students and teachers, and WHO head warns pandemic ‘most certainly not over’
Philadelphia has reinstated a face-mask mandate for students and teachers that comes into effect Monday, in its latest move to…
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Broadcom reportedly in talks to buy VMware
Chip maker Broadcom Inc. is in negotiations to buy enterprise cloud-computing company VMware Inc., according to multiple reports Sunday night.…
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Review: Is this $370 Bartesian cocktail-making machine worth the expense?
The machine Bartesian cocktail maker, $369.99 The back story America loves its cocktails. But apparently, it doesn’t love making them.…
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Buy the dip or sell the ‘rip’?: What’s ahead for stock investors as ‘sticky’ inflation fears heighten consumer concern
Investors, already grappling with a sinking stock market and fears that the U.S. economy may be heading for a recession,…
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Here’s the real reason the stock market is coming unglued — and it isn’t because of weak earnings
An earnings recession is not the biggest threat facing the stock market right now. That may seem a curious assertion…
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Tesla Loses Top Spot in Cathie Wood’s Flagship Fund. This Stock Is the New No. 1.
Cathie Wood Courtesy of ARK ARK Invest founder Cathie Wood is a long-time Tesla bull. Her 2026 price target for…
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Richemont FY22 Sales EUR19.18B
By Joshua Kirby Compagnie Financiere Richemont AG on Friday posted strong sales growth and profitability for fiscal 2022, despite geopolitical…
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SpaceX paid $250,000 to settle sexual misconduct claim against Elon Musk: report
SpaceX paid a flight attendant $250,000 in 2018 to settle a sexual misconduct claim against Elon Musk, its founder and…
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U.S. House approves bill to take aim at gasoline ‘price gouging’
A closely divided U.S. House approved legislation Thursday to crack down on alleged price gouging by oil companies as prices…
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Boeing Gets Good News: It Flipped an Airbus Customer
A Boeing 737 MAX 10 airliner. Ellen Banner-Pool/Getty Images British Airways parent International Consolidated Airlines gave Boeing investors some good…
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How inflation could help us save money — and the planet
Inflation has many Americans worrying — a jump in prices of groceries and gas means paying more for fewer items,…
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Cisco stock heads for worst day in more than a decade as China shutdown blamed for poor outlook
Cisco Systems Inc. shares were on track for their worst day in more than a decade Thursday, as analysts voiced…
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Senate votes against advancing $48 billion aid package for restaurants, other businesses
The Senate on Thursday voted against a motion to proceed on a $48 billion aid package aimed at restaurants, gyms,…
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IRS audit rates keep dropping — especially for the 1%
No matter the size of a household’s budget, the increasingly short-staffed and cash-strapped Internal Revenue Service has been conducting fewer…
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Bavarian Nordic shares surge on order for monkeypox vaccine amid Europe outbreaks; one case in the U.S
Shares of a Danish pharmaceutical group surged on Thursday after the company received an order for its vaccine to treat…
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Cisco stock plunges more than 15% as China lockdown, uncertainty weigh on outlook
Cisco Systems Inc. shares plunged in the extended session Wednesday after the tech bellwether’s revenue and forecast fell well short…
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Under Armour CEO Patrik Frisk steps down after two-plus years
Under Armour Inc. announced Wednesday afternoon that its chief executive is stepping down, a little more than two years after…
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White House to hold COVID briefing led by new response coordinator Jha, after U.S. official death toll passes one million
Just hours after the official U.S. COVID-19 death toll passed the one million mark, the White House is planning to…
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AMC discloses large passive investment in National CineMedia
Shares of National CineMedia Inc. soared Wednesday, after movie theater operator AMC Entertainment Holdings Inc. disclosed that it acquired a…
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Which of Buffett’s bank stocks might make you the most money?
This is the time of the quarter when investors get to see what changes Warren Buffett and the management team…
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U.S. retail sales climb in April in a sign economy still has vigor
The numbers: Sales at U.S. retailers rose a solid 0.9% in April and signaled the economy still has plenty of…
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Dow jumps over 300 points after retail sales data as investors await Fed’s Powell
U.S. stocks were in bounce mode Tuesday as retail sales for April suggested the economy remained healthy and investors awaited…
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Elon Musk says Twitter deal ‘cannot move forward’ without more data on spam bots
“This deal cannot move forward until he does.” That was Elon Musk in an early Tuesday tweet, where the Tesla…
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Abbott, FDA reach deal to resume making baby formula at U.S. plant amid shortage
Abbott Laboratories and the Food and Drug Administration reached a deal Monday to restart production of baby formula at a…
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U.S. COVID cases at highest levels since November, while Northeast and Midwest are above delta peak
COVID cases continued to rise across the U.S. on Monday and were trending at the highest levels seen since late…
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Ryanair FY 2022 Net Loss Narrowed, Beats Consensus; Expects Return to Profitability in FY 2023
By Anthony O. Goriainoff Ryanair Holdings PLC said on Monday that its net loss for the fourth quarter narrowed as…
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Senate gives Fed Chairman Powell vote of confidence and a second 4-year term
Federal Reserve Chairman Jerome Powell on Thursday was given a vote of confidence by lawmakers. The Senate voted to confirm…
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Biden mourns one million American lives lost to pandemic, orders flags to fly at half-mast to honor the dead
President Joe Biden mourned the one million American lives lost to the pandemic on Thursday, and said flags will be…
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Merck KGaA 1Q After-Tax Pft EUR884M
By Xavier Fontdegloria Merck KGaA said Thursday that it expected higher profit and sales for 2022 after earnings and revenue…
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Disney stock turns to a loss after warning about rough road ahead for streaming
The Walt Disney Co. added more streaming subscribers than expected in the wake of problems at rival Netflix Inc., but…
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Rivian reaffirms production outlook despite supply-chain snags, boosting stock
Rivian Automotive Inc. stock rose more than 8% in after-hours trading Wednesday after the electric-vehicle maker kept its 2022 production…
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Beyond Meat’s stock slides 26% on weak sales, heads lower than IPO price for first time
Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The…
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WHO head censored in China after criticizing zero-COVID policy, and U.S. cases are now up 52% from two weeks ago
The head of the World Health Organization is being censored on China’s internet after criticizing its zero-COVID policy for being…
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Moderna CFO out after two days in the role as former employer Dentsply discloses probe of financial reporting
Moderna Inc. surprised investors Wednesday with the news that its chief financial officer has departed the company just two days…
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Siemens Energy 2Q Net Loss EUR252M
By Giulia Petroni Siemens Energy AG said Wednesday that its loss widened in the second quarter of its fiscal year,…
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Here’s a list of 50 companies that are well-armed to beat back inflation
Another turnaround Tuesday may be in the cards after a litany of concerns including stagflation dragged the S&P 500 SPX,…
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Here’s the case for buying Netflix’s stock now
Netflix Inc. has become a value stock — a bargain, according to Charles Lemonides, chief investment officer at ValueWorks in…
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China’s Car Sales Plunge 35.5% Amid Covid Lockdowns
By Selina Cheng HONG KONG–Car sales in China plunged 35.5% from a year earlier in April, recording their worst drop…
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Munich Re 1Q Net Pft EUR608M Vs. Pft EUR589M
By Ed Frankl Muenchener Rueckversicherungs-Gesellschaft AG said Tuesday that first-quarter profit rose slightly on lower-than-average major losses in its property-casualty…
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U.S. gains 428,000 jobs in April, and wages rise again — but labor force shrinks
The numbers: The U.S. added a solid 428,000 new jobs in April, but an acute labor shortage showed little improvement…
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Adidas 1Q Sales EUR5.3B
By Joshua Kirby Adidas AG said it expects full-year profitability to be dragged by continued declining sales in Greater China…
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International Cons Airlines GroupIAG 1Q Passenger Capacity 65% of 2019
By Anthony O. Goriainoff International Consolidated Airlines Group SA said Friday that operating loss for the first quarter narrowed as…
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WHO says true COVID death toll is 15 million, far higher than the 6 million counted by Johns Hopkins
The World Health Organization said Thursday that new estimates show that the full death toll associated either directly or indirectly…
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UniCredit 1Q Net Pft EUR247M
By Cristina Roca UniCredit SpA reported a drop in first-quarter earnings Thursday, dragged by rising provisions related to its Russian…
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BMW Backs 2022 View
By Kim Richters BMW AG said Thursday that profit for the first three months of the year jumped as it…
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