Check out the companies making headlines in after hours trading. Paramount Global — Shares rose less than 1% after the parent of CBS television said its CEO Bob Bakish would step down and be replaced by an “office of the CEO.” The news comes as Paramount posted per-share earnings of 62 cents, topping the 36 … Read more
Check out the companies making headlines in midday trading. SoFi Technologies — The consumer fintech company’s stock price plunged about 10% on disappointing second-quarter earnings guidance. SoFi forecast adjusted revenue between $555 million and $565 million and net income of $5 million to $10 million, while analysts polled by FactSet had called for $580.8 million in … Read more
Descrease article font size Increase article font size The company at the centre of the Fairy Creek logging protests on Vancouver Island several years ago appears to be in trouble. The B.C.-based company Teal Jones is bleeding money and its many employees, are now facing an uncertain future. On Thursday, Teal Jones filed a petition … Read more
Industry body CII on Sunday announced it has launched a charter for startups that enlist voluntary recommendations on corporate governance keeping in view unique nuances to govern startups. Also read:India growing when world is in stress: CII president-designate Sanjiv Puri The Corporate Governance Charter also prescribes guidelines appropriate for startups based on the specific stages … Read more
Check out the companies making headlines before the bell. Boeing — Shares jumped 3% after Boeing posted a narrower-than-expected loss in its latest results. In its first quarter, the company reported an adjusted loss of $1.13 per share, better than the adjusted loss of $1.76 per share estimated by the LSEG analyst poll. Revenue of … Read more
Check out the companies making headlines before the bell: Microsoft — Shares gained 4% after the tech giant reported fiscal third-quarter results that topped expectations as its Azure business continued to show momentum. Alphabet — The tech behemoth surged more than 11%. Alphabet posted first-quarter results that topped estimates and issued its first-ever dividend, as … Read more
Check out the companies making headlines in midday trading: Microsoft — Shares added 1.8% after the tech giant reported better-than-expected fiscal third-quarter results as its Azure business continued to show momentum. Alphabet — The Google parent company rallied 10.2%. Alphabet posted first-quarter results that topped estimates and authorized its first-ever dividend, as well as a … Read more
Global airlines flying to both the neighbouring countries — Pakistan and Bangladesh — are facing serious problems. They are unable to repatriate revenue of nearly $720 million ($399 million in Pakistan and $323 million in Bangladesh) as the governments have not released it, says the International Air Transport Association (IATA), which represents some 320 airlines … Read more
Former US President Donald Trump speaks to members of the media at Manhattan criminal court in New York, US, on Thursday, April 25, 2024. Jeenah Moon | Via Reuters Former President Donald Trump’s political operatives are putting together a plan that would give him unprecedented influence over the Federal Reserve, including a plan that could … Read more
Check out the companies making headlines in midday trading: Victoria’s Secret — Shares dropped 3.5% after Goldman Sachs initiated coverage of the stock with a sell rating, saying it sees a “tough macro and ongoing competitive pressure” for the lingerie company in the near term. Longer term, the firm is constructive on the company’s loyalty … Read more