Britain’s government stands ready to help those affected by a plan at engine maker Rolls-Royce to cut at least 9,000 jobs, a spokesman for Prime Minister Boris Johnson said on Wednesday.
Clorox Co. (CLX) declared a quarterly dividend of $1.11 per share on the company’s common stock, up 5% from the previous $1.06 per share dividend. Shares in the maker of bleach and disinfecting wipes appreciated 2.4% to $206.51 in pre-market U.S. trading.The dividend is payable on Aug. 14 to stockholders of record as of the close of business on July 29.”We are pleased to raise our dividend by 5%, building on nearly 20 consecutive years of dividend increases,” said Clorox Chairman and CEO Benno Dorer. “As we continue to deliver healthy cash flows, our ongoing priority is to invest in …read more […]
Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss Target’s first quarter earnings, and break down what Target CEO Brian Cornell had to say about the results. …read more […]
Luckin Coffee said on Tuesday that Nasdaq had notified the company of plans to delist it from the U.S. stock exchange, a month after the company disclosed that some employees had fabricated sales accounts. Nasdaq’s notice comes as the exchange renews its focus on auditing standards. In its delisting notice, the bourse cited public interest concerns raised by the fabricated transactions and Luckin’s failure to disclose material information. …read more […]
The U.S. motorcycle maker, which closed its U.S. plants in March due to the coronavirus outbreak, may not ship any additional new motorcycles this year to about 70% of its 698 dealers in the country, the report said https://on.wsj.com/2Tn92JP. The company did not immediately respond to Reuters request for comment. Harley would reopen its plants in Wisconsin and Pennsylvania and accelerate production in phases that would be limited to bestselling models and palette of colors and without customizable features for the rest of the year, the report said. …read more […]
There appears to be agreement in Washington to give companies more time to utilize their coronavirus aid under the Paycheck Protection Program, the head of the U.S. Senate’s small business committee said on Wednesday.
Several Ryanair trade unions say they will resist an attempt to cut pay and conditions for a five-year period, citing management promises of a swift recovery from the coronavirus crisis and the fact its CEO has committed to a pay cut for just one year.
U.S. authorities on Wednesday arrested a former special forces soldier and another man wanted by Japan on charges that they enabled the escape of former Nissan Motor Co boss Carlos Ghosn out of the country.
Nio, Inc. (NYSE: NIO) is a Chinese holding company. It specializes in the design, manufacture, and the sale of electric vehicles (EVs). Therefore, investors may see Nio stock as a good alternative play to Tesla. Of course, Tesla is the famed EV manufacturer headed by the controversial mogul Elon Musk.
Investment U expert and Manward Press founder Andy Snyder calls Nio “The Tesla of China.” But Tesla will cost you over a whopping $800 for one share. On the other hand, Nio is a penny stock. And it sells for approximately a mere $3 on the New York Stock …read more […]
Food giant Nestle said on Wednesday it would spend 100 million swiss francs ($103.58 million) on expanding its manufacturing footprint in China to include a new plant-based food facility and widen its production lines.
Shares in Luckin Coffee Inc slumped almost 40% to a record low in premarket trade on Wednesday, as they resumed trading after more than a month’s halt and a day after the Chinese coffee chain said it received a delisting notice from Nasdaq .
JetBlue Airways Corp and United Airlines Holdings Inc announced fresh safety measures on Wednesday aimed at restoring confidence in travel that has been crushed by the coronavirus pandemic.
A German court said on Wednesday it was ending proceedings against the chairman and chief executive of Volkswagen AG after the carmaker agreed to pay a fine of 9 million euros ($9.9 million) over the diesel emissions scandal.
There appears to be agreement in Washington to give companies more time to utilize their coronavirus aid under the Paycheck Protection Program, the head of the U.S. Senate’s small business committee said on Wednesday.
Lessors including AerCap and BOC Aviation are now the biggest shareholders in Norwegian Air after the budget carrier completed a debt restructuring and secured a long-sought credit guarantee from Norway’s government.
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