Entries by MT Newswires

Pet Food Retailer Chewy Files Paperwork for Initial Public Offering; Sees Losses Continuing Amid Growth

3:23 PM, Apr 29, 2019 — Chewy, the online pet-food retailer that’s owned by closely held PetSmart, filed paperwork on Monday to launch an initial public offering. The Dania Beach, Fla.-based company set a placeholder $100 million aggregate offering price in the filing with the Securities and Exchange Commission. Chewy plans to list its shares […]

Intel Shares Slump as ‘Cautious’ 2019 View Leads to Cut in Full-Year Earnings & Revenue Guidance

7:53 AM, Apr 26, 2019 — Shares of Intel (INTC) dropped in pre-market trading on Friday after the company cut its full-year guidance and second-quarter earnings and revenue forecasts notably lagged the market consensus. Revenue was flat year-on-year at $16.10 billion during the three months that ended March 30, beating the $16.03 billion average analyst […]

Southwest Airlines First-Quarter Results Beats Expectations Despite Boeing 737 MAX Groundings

12:18 PM, Apr 25, 2019 — Southwest Airlines (LUV) unveiled guidance for its second quarter on Thursday as it posted better-than-expected results for its first quarter despite the impact of Boeing 737 MAX aircraft being grounded, unscheduled maintenance and severe weather. The Dallas, Texas-headquartered company posted total operating revenue of $5.15 billion in the three […]

Weekly Commodities ETF Report: Crude Ends Higher on Tighter Supplies; Gold Slips Lower as Positive China Data Helps Ease Global Growth Worries

(MT Newswires) – Crude ended Friday’s session higher, hitting $64 a barrel early in the week, on expectations for tighter supplies amid continued fighting in Libya, tighter US sanctions on Venezuela, and sharply lower oil production from the Organization of the Petroleum Exporting Countries (OPEC). Forces under Libya’s UN-backed government said Sunday they had started […]

Waste Management to Acquire Advanced Disposal for $4.9 Billion

7:37 AM, Apr 15, 2019 — Waste Management (WM) has agreed to acquire Advanced Disposal Services (ADSW) in a deal worth approximately $4.9 billion as it seeks to grow its asset footprint in the Eastern half of the US. The deal will see a subsidiary of Houston, Texas-headquartered Waste Management acquire all outstanding shares of […]