12:16 PM, Jun 12, 2019 — Ford Motor Company (F) issued four safety recalls on Wednesday, including a notice for about 1.2 million of its Explorer SUV because of a suspension issue that will cost the carmaker an estimated $180 million to fix. The Dearborn, Mich.-based company said it was recalling 2011 to 2017 Explorers […]
9:44 AM, Jun 11, 2019 — H&R Block (HRB) reported better-than-expected results for its key fourth-quarter period and said it will pay $405 million to acquire Wave, a financial solution platform focused on small business owners. Revenue slowed to $2.33 billion in the fiscal fourth quarter — the period when the tax-preparation company derives most […]
(MT Newswires) – Crude ended Friday’s session higher after a bigger-than-expected increase in US inventories, which wiped out the prior week’s decline. The Energy Information Administration reported Wednesday that stockpiles of crude oil rose by 6.8 million barrels to 483.3 million barrels in the week ended May 31. This compares with the American Petroleum Institute, […]
9:31 AM, Jun 7, 2019 — Barnes & Noble (BKS) will be acquired by an affiliate of Elliott Management that also owns the largest retail bookseller in the UK, in a deal valued at $683 million as the chain faces growing competition from e-commerce that’s weighed on sales. The takeover will see the New York-based […]
4:01 PM, Jun 6, 2019 — The parent company of social-media app Snapchat got a boost from Pivotal Research Group on Thursday, which said user growth has “prospectively” turned a corner after the revamp of its Android app and amid new offerings within the program. The rating on Snap (SNAP) was raised to buy from […]
BETHESDA, MD. — (BUSINESS WIRE) — Bloomberg Terminal clients are now receiving MT Newswires’ Live Briefs PRO North American news service, integrated into the Terminal’s native news search and alerting capabilities. This original-source news service provides unique and actionable coverage of public companies, commodities, capital markets, global economies and market moving events by veteran financial […]
9:50 AM, Jun 3, 2019 — El Paso Electric (EE) said Monday it has agreed to be purchased by J.P. Morgan Investment Management’s Infrastructure Investments Fund in an all-cash deal for $4.3 billion. The power company said the fund will pay its stockholders $68.25 for each share, a 17% premium to El Paso’s closing price […]
(MT Newswires) – Crude ended Friday’s session lower, heading for the second week of declines as US President Donald Trump’s threats to impose tariffs on Mexico, the largest recipient of US oil exports, added to concerns that a worsening trade environment would undermine global energy demand. Trump had tweeted that the US would impose a […]
6:21 AM, May 31, 2019 — Dell Technologies (DELL) posted a modest uptick in revenue during its fiscal first quarter while adjusted earnings per share beat analysts’ estimates, bolstered by coverage expansion in the company’s client solutions group segment. The Round Rock, TX.-headquartered manufacturer of laptops and electrical devices reported revenue of $21.91 billion in […]
9:05 AM, May 23, 2019 — Electronics retailer Best Buy (BBY) reported better-than-expected results for its fiscal first quarter, while the incoming chief executive said guidance for the year was reiterated as it balances the strong outcome with the increase in Chinese import tariffs. Earnings rose to $1.02 a share on a non-GAAP basis from […]
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