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Domino’s Reports Disappointing Earnings and Sales
Shares of Domino’s Pizza, Inc. (NYSE:DPZ) opened nearly 6% lower on Tuesday after the Company posted weaker-than-expected third-quarter earnings and revenue. The fast food chain also trimmed its long-term sales forecast amid fierce competition...
GE Freezes Pension Plans to Cut Deficit by Up to USD 8 Billion
General Electric Co. (NYSE: GE) on Monday said it will freeze pension plans for about 20,000 U.S. salaried workers, and supplementary pension benefits for 700 employees who became executives before 2011. In total, the Boston-headquartered company...
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NextEra Energy Partners to Acquire Meade Pipeline
NextEra Energy Partners, LP (NYSE: NEP) will acquire Meade Pipeline Co. LLC and its interests in the Central Penn Line in a deal valued at USD 1.37 Billion. The transaction...
Carnival Stock Sinks on Guidance Trim
Carnival Corp. (NYSE: CCL) on Thursday posted third quarter 2019 results that outpaced both revenue and earnings estimates. However, shares are down about 8% on the day after...
U.S. Housing Starts Reach 12-Year High in August
U.S. homebuilding reached a more than a 12-year high in August as both single- and multi-family housing construction sped up, suggesting that lower mortgage rates finally gave...
J&J Says 15 Tests Indicate No Asbestos in Baby Powder
Shares of Johnson & Johnson (NYSE: JNJ) opened more than 3% higher on Wednesday after the company reported that 15 new tests from the same bottle of Johnson’s Baby Powder...
T-Mobile Stock Falls on Earnings Beat, Revenue Miss
Shares of T-Mobile US, Inc. (NASDAQ: TMUS) are down about 1% on Tuesday after the company beat third-quarter earnings expectations but announced revenue that fell shy of...
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Delta Forecast Revenue Growth in 2020
Delta Air Lines (NYSE: DAL) held its annual event for the investment community on Thursday and provided an update on its business strategy and 2020 financial targets. The airline highlighted in its event that Delta expects diluted earnings...
Stitch Fix Stock Sinks on Weak Outlook
Shares of Stitch Fix, Inc. (NASDAQ: SFIX) are down about 12% on Wednesday after the Company surpassed fourth quarter earnings expectations, but provided a softer-than-expected first quarter...
Ford Announces USD 275 Million Joint Venture with Mumbai-based Mahindra
Ford Motor Company (NYSE: F) on Tuesday said it will shift most of its operations in India to Mahindra & Mahindra Ltd. as part of a joint venture with the Indian carmaker. The deal, valued at...
NextEra Energy Partners to Acquire Meade Pipeline
NextEra Energy Partners, LP (NYSE: NEP) will acquire Meade Pipeline Co. LLC and its interests in the Central Penn Line in a deal valued at USD 1.37 Billion. The transaction also includes roughly...
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