Kraft Heinz Co on Thursday missed quarterly sales estimates due to lower demand for products like bacon and cheese, and wrote down the value of some businesses – including coffee brand Maxwell House – by $666 million.
Years ago, when Randy Tinseth was still running Boeing’s sales account for United Airlines, the plane company’s designers pulled him aside. “They called me in and said we want to show United this interesting product and we can’t tell you about it until we get there,” Tinseth recalled. Out came the model of a futuristic, high-speed airliner called Sonic Cruiser. …read more […]
Credit Suisse Chief Executive Tidjane Thiam, ousted over a spying scandal, stands to collect as much as 30 million Swiss francs ($30 million) after resigning this month, two people familiar with the matter said.
Kraft Heinz Co on Thursday reported a 5.1% fall in quarterly sales, missing estimates due to lower U.S. demand for cheese, coffee, bacon and other products.
A sharp rise in the number of coronavirus deaths and infections unnerved world markets on Thursday, as traders halted the rally in stocks and retreated to the safety of government bonds and gold.
Tesla Inc said on Thursday it plans to raise $2 billion by selling shares through a public offering.
We think that it’s fair to say that the possibility of finding fantastic multi-year winners is what motivates many… …read more […]
Apple will reopen some stores in Beijing on Feb. 14 with reduced operating hours, it said on its website, while many of its other stores in mainland China will remain shut as the country continues to battle a coronavirus outbreak.
Alibaba primarily generates revenue by selling advertising and promotional services to third-party merchants that list products on its e-commerce sites, Taobao and Tmall. Alibaba affiliate Ant Financial’s MYBank unit has said it would offer 20 billion yuan ($2.86 billion) in loans to companies in China in the wake of the outbreak. Sales in the company’s core commerce business jumped 38% to 141.48 billion yuan ($20.26 billion) in the third quarter ended Dec. 31, while revenue at its cloud computing unit surged 62% to 10.72 billion yuan. …read more […]
(Bloomberg) — Tesla Inc. plans to offer about $2 billion of common stock as Elon Musk takes advantage of the electric-car maker’s surging shares.Assuming underwriters exercise their option to purchase additional securities, the offering could bring in about $2.3 billion in proceeds, Tesla said in a statement. Less than an hour earlier, the company forecast as much as $3.5 billion in capital expenditures this year, as Musk rushes to bring new models to market, ramp up its first overseas assembly plant and start building another.Tesla shares fell as much as 7.2% after announcing the offering and traded down 4.5% to …read more […]
Headlines moving the stock market in real time. …read more […]
Is The Walt Disney Company (NYSE:DIS) a good dividend stock? How can we tell? Dividend paying companies with growing… …read more […]
Kraft Heinz reported earnings that beat Wall Street expectations, while revenue fell short during its fourth quarter. …read more […]
China’s Alibaba Group Holding Ltd beat analysts’ estimates for quarterly results on Thursday, driven by record sales during its annual Singles’ Day shopping blitz and demand for its cloud computing business.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
