German prosecutors on Tuesday sought charges against a current Volkswagen manager as well as a former manager and two former board members, accusing them of awarding works council members inflated salaries.
Tyson Foods is under pressure after reporting earnings for its latest quarter which fell short of Wall Street’s estimated revenue of $10.9 billion. Yahoo Finance’s Dan Roberts, Anjalee Khemlani and Scott Gamm discuss on YFi AM. …read more […]
HONG KONG/BEIJING, Nov 12 (Reuters) – Chinese electric vehicle (EV) manufacturer XPeng, backed by Alibaba Group Holding Ltd, has raised nearly $400 million from investors including Xiaomi Corp to fund its growth, said two people with knowledge of the matter. The fundraising comes at what bankers and industry insiders describe as an increasingly tough financing environment for Chinese EV startups which must jostle for attention in a crowded sector and produce convincing arguments about future profitability despite government cuts to EV subsidies and plans to phase them out. The latest fundraising values the five-year-old firm, founded by 42-year-old …read more […]
Jumia, a Nigerian company listed in the NYSE, showed stock gains after it reported its quarter three results. Yahoo Finance’s Dan Roberts, Anjalee Khemlani and Scott Gamm discuss on YFi AM. …read more […]
Brian Balbirnie has been the CEO of Issuer Direct Corporation (NYSEMKT:ISDR) since 2006. This report will, first… …read more […]
Investors who take an interest in Zovio Inc (NASDAQ:ZVO) should definitely note that the Co-Founder, Andrew Clark… …read more […]
Brazilian planemaker Embraer signalled it may issue a smaller dividend to shareholders as it burns through cash before finalizing a $4.2 billion commercial passenger jet deal with Boeing, which faces regulatory hurdles. Embraer now expects the dividend to range between $1.3 billion-$1.6 billion, compared with previous guidance of $1.6-billion-$1.7 billion, the company said in a securities filing. During an earnings call with analysts, executives said the dividend guidance was lowered due to additional cash needs in 2019, partly due to cost base revisions to a new military plane. …read more […]
Dean Foods Co said on Tuesday it filed for Chapter 11 bankruptcy protection, months after the owner of TruMoo chocolate milk and Meadow Gold ice creams ended a strategic review and decided to remain as a standalone firm.
Q2 2020 Vista Outdoor Inc Earnings Call …read more […]
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is… …read more […]
We’re wrapping up Q3 earnings, and investors are starting to focus on Q4 happenings – which may cause some anxiety, considering recent history. Last year, Q4 saw a 9% collapse in the S&P 500, the worst market drop since the Great Depression. Michael Wilson, equity strategist with Morgan Stanley, sees a definite possibility for a repeat, especially in light of the ongoing US-China trade war: “The bottom line is that without a significant roll-back of existing tariffs, we don’t see [a change in] the currently negative trajectory of growth in both the economy and earnings.”If Wilson is right, then now …read more […]
(Bloomberg) — Teva Pharmaceutical Industries Ltd’s may pay triple its usual borrowing costs for its planned $1.5 billion bond sale as investors demand more for holding its debt on account of its links to the U.S. opioid epidemic, according to investors approached about the deal.The Israel-based drugmaker is meeting with debt investors in London and New York this week for its first debt issue since being hit early this year with billions of dollars in potential liabilities from lawsuits. Bankers marketing the January 2025 U.S. and euro-denominated non call notes are targeting yields of around 8% and 6% respectively, according …read more […]
CBS Corp missed Wall Street estimates for quarterly revenue on Tuesday, sending its shares down nearly 2% in premarket trading.
Consumers complained about glitches in Walt Disney Co’s streaming service on Twitter, just hours after its highly anticipated launch.
McDonald’s Corp workers are filing a lawsuit seeking to force the fast-food chain to confront a “systemic problem” of sexual harassment, spokespeople for the workers said in a press statement on Tuesday.
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