WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening of labor market conditions.
Timothy Lesko, Granite Investment Advisors partner, discusses the corporate impact of CEO Brian Krzanich’s resignation on Intel. …read more […]
TORONTO (Reuters) – Activist investor Land & Buildings on Thursday resumed its criticism of department store owner Hudson’s Bay Co , urging it to correct its underperformance and extract value from its substantial real estate holdings.
“An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternization policy, which applies to all managers,” Intel said in a statement. The board named Chief Financial Officer Robert Swan as interim CEO and said it has begun a search for a permanent CEO, including both internal and external candidates. Intel declined to give any further information about the probe. …read more […]
“An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternization policy, which applies to all managers,” Intel said in a statement. The board named Chief Financial Officer Robert Swan as interim CEO and said it has begun a search for a permanent CEO, including both internal and external candidates. Intel declined to give any further information about the probe. …read more […]
(Reuters) – U.S. stocks fell on Thursday, weighed down by declines in Amazon after the U.S. Supreme Court let states force online retailers to collect sales tax.
Under its “Restock Kroger” program, the supermarket chain has been cutting prices and experimenting with new ways of selling products, while also shutting underperforming stores and shifting away from areas where it does not have a strong presence. The U.S. grocery industry, dominated by Walmart Inc (WMT.N) and Kroger, has been fearful that Amazon.com Inc (AMZN.O) would apply its current distribution strategy at Whole Foods, transforming existing stores into a grocery delivery network. In response, Kroger has been expanding home delivery, curbside pickup and self-checkout services, apart from investing heavily in technology such as its recent deal with …read more […]
Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action after Intel CEO Brian Krzanich resigns after an investigation determined he had an inappropriate, consensual affair with an employee. In other news, the company also raised guidance for the second quarter.
Here’s the performance of the Dow Jones Industrial Average components as of 10:30 am ET:
VZ Verizon Communications 1.62%
PG Procter & Gamble Cc 0.90%
AAPL Apple Inc 0.36%
HD(HB) Home Depot Inc -0.04%
JNJ Johnson & Johnson -0.08%
V Visa Inc -0.07%
UNH UnitedHealth Grp Inc -0.19%
AXP American Express Co -0.19%
IBM Intl Business Machines Corp -0.27%
WMT Wal-Mart Stores -0.31%
KO Coca-Cola Co -0.29%
DIS Disney (Walt) Co -0.43%
XOM Exxon Mobil -0.42%
MSFT Microsoft Corp -0.44%
TRV The Travelers Companies Inc -0.47%
MRK Merck & Co -0.54%
JPM JPMorgan Chase & Co -0.56%
DWDP DowDuPont Inc -0.53%
PFE Pfizer Inc -0.81%
NKE Nike Inc Cl B -0.76%
MCD McDonald’s Corp -0.76%
CSCO Cisco Systems -0.89%
GS Goldman Sachs Grp -1.06%
CVX Chevron Corporation -1.26%
UTX United Technologies -1.40%
BA Boeing …read more […]
WASHINGTON (Reuters) – States have broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes, the U.S. Supreme Court ruled on Thursday, siding with South Dakota in its high-profile fight with e-commerce companies.
Intel CEO Brian Krzanich has resigned after the company learned of what it called a consensual relationship with an employee. Intel said Thursday that the relationship was in violation of the company’s non-fraternization policy, which applies to all managers. Chief Financial Officer Robert Swan will take over as interim CEO immediately. …read more […]
BRUSSELS/FRANKFURT (Reuters) – Mercedes-Benz maker Daimler shocked investors on Thursday with a warning that trade tensions would hit sales, while fears of a “tit-for-tat” trade war grew as Europe readied retaliatory tariffs against the United States.
AT&T this morning announced the launch of a second TV streaming service, …read more […]
(Reuters) – The Dow Jones Industrial Average opened lower on Thursday, as concerns over an ongoing trade spat between the United States and China lingered, while strong results from Micron and gains in large-cap technology stocks buoyed the S&P 500 and Nasdaq.
In a press release touting “another record year,” Intel dropped a a bombshell, …read more […]
(Reuters) – Intel Corp on Thursday said Chief Executive Officer Brian Krzanich has resigned, effective immediately, after a probe revealed that a past consensual relationship with an Intel employee violated company policy.
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