(Reuters) -Bed Bath & Beyond Inc on Wednesday replaced Chief Executive Officer Mark Tritton as part of a management shake-up to reverse a slump in its business, the home goods retailer said. Shares fell 13% in premarket trading as the company’s first-quarter net sales slumped 25%, rounding off a year of sales slipping below market …
Bed Bath & Beyond replaces CEO Tritton as sales sink Read More »
By Stephen Culp NEW YORK (Reuters) – The S&P 500 ended a seesaw session slightly down on Wednesday as investors staggered toward the finish line of a downbeat month, a dismal quarter, and the worst first-half for Wall Street’s benchmark index since President Richard Nixon’s first term. The three major U.S. stock indexes spent much …
S&P 500 limps to slightly lower close as quarter-end looms Read More »
By Lisa Baertlein LOS ANGELES (Reuters) -FedEx Corp’s new chief executive on Wednesday announced plans to boost future earnings by focusing on more profitable deliveries, but shares backtracked as the company’s forecast for its growth-driving e-commerce delivery unit remained stuck below pre-pandemic levels. “We are at a pivotal moment in the history of FedEx as …
New FedEx CEO charts growth plan as challenges mount Read More »
(Reuters) – A growing number of companies, including JPMorgan Chase & Co, Amazon.com Inc, Tesla Inc and Walt Disney Co are updating or changing their health insurance policies to offer travel benefits to U.S. employees who may need to access out of state abortion services. The U.S. Supreme Court on Friday took the dramatic step …
Factbox-Companies offering abortion travel benefits to U.S. workers Read More »
SAO PAULO (Reuters) – Audi, a Volkswagen Group brand, announced on Wednesday an investment of 100 million reais ($19.22 million) to restart production at its plant in Parana state in Brazil, according to plans disclosed late last year. Initially, the plant will have a maximum production capacity of 4,000 vehicles per year, the company said …
Audi invests $19.2 million to restart production in Brazil Read More »
SHANGHAI (Reuters) – Three Chinese companies – a chip maker, a beverage producer and an electronic firm said on Wednesday they plan to issue Global Depository Receipts (GDRs) on overseas stock exchanges, in a bid to broaden their financing channels and ramp up global expansion. Will Semiconductor Co Ltd Shanghai and Eastroc Beverage Group Co …
Three Chinese companies plan Swiss, London listings Read More »
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester told CNBC on Wednesday if economic conditions remain the same, she will advocate for a 75 basis points (bps) hike in interest rates at the U.S. central bank’s next monetary policy meeting in July. July’s meeting will likely involve a debate among Federal Open Market Committee …
Fed’s Mester backs 75 bps hike in July if economic conditions remain same – CNBC Read More »
(Reuters) – Mitsui O.S.K. Lines, Ltd. (MOL) and TotalEnergies Marine Fuels have completed the first refuelling of a ship with biofuels in Singapore, the shipping company said on Wednesday. The ship, a car and truck carrier named Heroic Ace, was refueled using biofuel supplied by TotalEnergies via a ship-to-ship transfer on June 11, MOL said …
TotalEnergies, MOL Group complete first ship refuelling with biofuel in Singapore Read More »
WASHINGTON (Reuters) – The U.S. Federal Trade Commission said on Tuesday it sued Walmart Inc, alleging the company had allowed scam artists to use its money transfer services for fraud that cost consumers “hundreds of millions of dollars.” Walmart, which offers some financial services, acts as an agent for money transfer services such as MoneyGram …
U.S. FTC sues Walmart for allegedly allowing money transfer services for fraud Read More »
LOS ANGELES (Reuters) – Walt Disney Co said on Tuesday that its board of directors agreed to extend Chief Executive Officer Bob Chapek’s contract for three years, a major vote of confidence in his leadership following recent controversies. Chapek became Disney’s CEO in February 2020, succeeding Bob Iger just months before the pandemic disrupted the …
Disney extends CEO Chapek’s contract for three years Read More »
