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Corporate News

All articles tagged with #corporate news

markets1 month ago

Premarket Mix: Tech Selloff Eases as TI Rally and Peace-Talk Hopes Loom

Premarket futures show a mixed open after a tech-led slide pulled the Nasdaq from record highs, with ServiceNow and IBM dropping while Texas Instruments surged on AI-data-center demand and Intel rose on strong results. Oil prices slipped on renewed U.S.–Iran diplomacy and a ceasefire outlook. In corporate news, Microsoft is offering 7% buyouts for U.S. staff, Meta and Nike announced large layoffs, Regeneron will cut drug prices and offer a free hearing-loss gene therapy, and Starbucks’ loyalty-program changes are driving higher point redemptions ahead of earnings.

via CNBC|
#corporate-news#earnings#energy
Markets Open Lower as Oil Rebounds and Big Moves Roil Trading
markets2 months ago

Markets Open Lower as Oil Rebounds and Big Moves Roil Trading

U.S. equities opened lower as the S&P 500 fell about 0.7%, the Nasdaq dropped, and the Dow slumped roughly 385 points, amid energy prices rebounds and Iran-war headlines. JPMorgan upgraded Ecolab to overweight with a $295 target, citing potential earnings support from surcharges and the CoolIT acquisition. Apollo Global Management faced 11.2% redemption requests in its private-credit fund, prompting a payout of roughly 45 cents on the dollar and a 5% quarterly withdrawal cap, with shares sliding in premarket trading. Brent crude rose above $101 and WTI traded near $90 as oil stabilized; gold hovered near flat as the dollar strengthens. Asia-Pacific and European markets posted mixed results on the geopolitical backdrop, while Estée Lauder confirmed talks with Puig about a potential merger, with no deal yet.

via CNBC|
#corporate-news#geopolitics-middle-east#market-news
Josh D’Amaro Takes Disney's Helm, Sets Course for Parks and Streaming Growth
business2 months ago

Josh D’Amaro Takes Disney's Helm, Sets Course for Parks and Streaming Growth

Josh D’Amaro officially becomes Disney’s CEO at the annual shareholder meeting, succeeding Bob Iger and signaling a renewed focus on the company’s core growth engines—theme parks and streaming. The former Disney Experiences chair will also serve as Iger’s successor while Iger remains as a senior advisor through year-end, as Disney continues park investments and works to maintain profitability in streaming amid ongoing corporate reshuffling.

via CNBC|
#business#corporate-news#disney
Mars Petcare names Marc Carena to steer its next growth chapter
business4 months ago

Mars Petcare names Marc Carena to steer its next growth chapter

Marc Carena has been appointed Global President of Mars Petcare, promoted from leading Mars Snacking Europe, Central Eurasia & International Travel Retail. The move places him in charge of a $30 billion petcare portfolio that includes brands like ROYAL CANIN, PEDIGREE, WHISKAS and the company’s veterinary networks, succeeding Loïc Moutault as the top executive for the division.

via Mars, Incorporated|
#business#corporate-news#leadership
"Wall Street's Record Run Continues as Stock Futures Climb Amid Economic Data"
finance2 years ago

"Wall Street's Record Run Continues as Stock Futures Climb Amid Economic Data"

US stocks opened higher as Wall Street looks to continue its record-setting run, with the S&P 500, Dow Jones, and Nasdaq rising. Economic data showed a rebound in durable goods orders, and attention turned to US consumer confidence and upcoming inflation data. Former President Donald Trump's social media company made its Wall Street debut, while Reddit's post-IPO rally continued. Hershey's stock is down as cocoa prices hit record highs, and Under Armour's leadership team may see further changes as returning CEO Kevin Plank looks to make adjustments.

via Yahoo Finance|
#corporate-news#finance#stock-market