Casino operator Wynn Resorts on Monday named industry veteran Phil Satre its vice-chairman, in a symbolic victory for largest shareholder Elaine Wynn, who has been pushing for changes at the company’s board.
With Indra Nooyi exiting PepsiCo as its longtime chief executive, the circle of CEOs in the Fortune 500 is losing one of its highest profile women. Nooyi, who was born in India, is a rarity on Wall Street as a woman and a minority leading a Fortune 500 company. At PepsiCo Inc., Nooyi stressed the company’s move toward “good for you” options that people don’t feel as guilty eating, such as Baked Lay’s potato chips and Naked juices made of fruits and vegetables. …read more […]
Berkshire Hathaway purchased more Apple shares in the first quarter, according to a regulatory filing. Its investment is now worth over $50 billion, and received a boost as Apple’s market cap crossed the $1 trillion milestone. The conglomerate owned about 246.5 million shares, or about 5.1% of Apple, as of June 30.The share purchases came amid speculation over how Berkshire will deploy a growing mountain of cash. …read more […]
Goldman Sachs on Monday named Jim Esposito global co-head of the Wall Street bank’s trading division, according to an internal memo seen by Reuters.
Russia’s Gazprom suspended its external borrowing program earlier this year because of a deepening legal dispute with Ukraine’s Naftogaz over gas supplies, three banking sources told Reuters.
Is (MU) Outperforming Other Computer and Technology Stocks This Year? …read more […]
Facebook Inc has asked large U.S. banks to share detailed financial information about their customers, as part of an effort to offer new services to users, The Wall Street Journal reported on Monday, citing people familiar with the matter.
(Reuters) – Facebook Inc (FB.O) has asked large U.S. banks to share detailed financial information about their customers, as part of an effort to offer new services to users, The Wall Street Journal reported … …read more […]
American Airlines kicked a musician off a flight from Miami to Chicago because they said her cello did not meet seat size requirements for the plane. The Chicago-based musician had already purchased a ticket for the cello after being told by American Airlines she could fly with it, the passenger claims. American Airlines released a statement, blaming the incident on a “miscommunication.” …read more […]
Wynn Resorts Ltd on Monday named Phil Satre vice chairman as part of a settlement reached with the casino operator’s co-founder and largest shareholder, Elaine Wynn, who had been pushing to reorganize the board.
Aug.06 — Priya Misra, head of global interest rates strategy at TD Securities, discusses the warning from JPMorgan Chief Executive Officer Jamie Dimon that U.S. yields could reach 5 percent. She speaks with Bloomberg’s Jonathan Ferro on “Bloomberg Markets: The Open.” …read more […]
Oil rose on Monday after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel.
Ultra Petroleum Corp. has been cratering all year, despite solid results, but there’s a good reason for investors to be worried …read more […]
U.S. stock indexes were little changed on Monday as investors weighed an escalating trade dispute between the United States and China, and a mixed bag of corporate results.
Tyson Foods Inc , the No. 1 U.S. meat processor, beat analysts’ quarterly profit estimates on Monday due to strong demand for beef, but executives warned that trade disputes were threatening the company’s pork and chicken businesses.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
