Stocks
Ryanair’s strikes are hitting its profits and stock price
London CNN Business — Ryanair could be headed for a rough landing this year. Europe’s leading low cost airline slashed its profit forecast for the current fiscal year to between €1.1 billion ($1.27 billion) and €1.2 billion ($1.39 billion). That’s about €150 million...
Goldman Sachs’ new CEO has a lot of work to do
New York CNN Business — It’s a new era at Goldman Sachs. David Solomon, the part-time electronic dance DJ who previously served as president of the company and co-head of its investment banking division, took the reins from Lloyd Blankfein on Monday as CEO....
California has a new law: No more all-male boards
New York CNN Business — Companies headquartered in California can no longer have all-male boards. That’s according to a new law, enacted Sunday, which requires publicly traded firms in the state to place at least one woman on their board of directors by the end of...
Meet GE’s new boss: Can Larry Culp right the ship?
New York CNN Business — General Electric is turning to an outsider to clean up a mess that took decades to create. Larry Culp, 55, is a proven leader known for his hands-on approach. He received a hero’s welcome from Wall Street on Monday after suddenly being...
Tesla stock roars back after Elon Musk’s SEC deal
New York CNN Business — Investors cheered Tesla’s deal with the SEC that keeps Elon Musk as CEO. The stock surged 17% on Monday, more than wiping away Friday’s loss. Over the weekend, Musk agreed to a settlement with the SEC that requires him to step down as Tesla’s...
Stocks pop after new US-Canada-Mexico deal
New York CNN Business — The stock market appears to like the new trade agreement between the United States, Canada and Mexico. Stocks popped after all three countries agreed to an 11th hour deal to replace NAFTA. The Dow rose 193 points, a gain of 0.7%. The S&P...
Instagram gets a new chief: Facebook vet Adam Mosseri
New York CNN Business — Instagram has a new leader. On Monday, the company announced that Adam Mosseri will head Instagram effective immediately. Last week, Instagram founders Kevin Systrom and Mike Krieger announced they would leave the company. “We are thrilled to...
Tesla calms fears with strong sales numbers
New York CNN Business — A tumultuous quarter at Tesla ended with some very good sales numbers. The company delivered 83,500 vehicles during the third quarter, a strong performance that should calm investor fears about logistical problems and a looming cash crunch....
Goldman Sachs slants research to help Democrats, top White House adviser says
New York CNN Business — Kevin Hassett, one of President Donald Trump’s top economic advisers, suggested that Goldman Sachs may be slanting its economic research to help Democrats ahead of the midterm elections. The Goldman Sachs economics team “almost at times looks...
Volkswagen dumps jailed Audi CEO amid emissions probe
London CNN — Volkswagen has severed ties with suspended Audi CEO Rupert Stadler, who has been jailed since June in connection with an emissions investigation. Stadler has left the board of management of Audi parent company Volkswagen (VLKAF) and stepped down as...
S&P downgrades debt-riddled GE and GE Capital
New York CNN Business — New General Electric boss Larry Culp just got a fresh reminder of the debt-riddled balance sheet he’s inheriting. Barely 24 hours after Culp became CEO, S&P Global Ratings downgraded the credit ratings of GE (GE) and GE Capital. Moody’s...
Lululemon, Finisar, Target are stocks to watch
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Lululemon Athletica Inc., Finisar Corp., and Target Corp. Lululemon Athletica LULU, -0.71% is projected to report first-quarter earnings of 32...
Amazon announces $15 minimum wage for all US employees
New York CNN Business — Amazon is raising its minimum wage to $15 an hour for all US employees. The change takes effect November 1 and applies to full-time, part-time and temporary workers. Amazon (AMZN) says the $15 minimum wage will benefit more than 250,000...
Intel, Finisar are Friday’s stocks to watch
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trading in Friday’s session are Intel Corp. and Finisar Corp. After Thursday’s closing bell, Intel INTC, -0.57% said it is raising its second-quarter revenue outlook on...
JCPenney names Jill Soltau as its new CEO
Editor’s Note: This story originally published on October 2, 2018. New York CNN Business — Jill Soltau, a veteran retail leader most recently in charge of Joann fabric and craft stores, will be tasked with turning around JCPenney. The company announced on Tuesday...
Covidien, Medtronic, are stocks to watch
MADRID (MarketWatch) — Among the companies whose shares are expected to see active trading in Monday’s session are Medtronic Inc. and Covidien PLC , as well as Layne Christensen Co. Medtronic MDT, +0.20% announced a deal on Sunday to buy Ireland-based Covidien PLC...
Tencent Music plans to public on US exchange
This story originally published on October 2, 2018. New York CNN Business — Tencent Music has filed plans to go public in the United States in what could be one of the biggest recent US IPOs by a Chinese company. The company set a placeholder target of $1 billion,...
Stocks to Watch: FedEx, Jabil, Red Hat are stocks to watch
Among the companies whose shares are expected to see active trade in Wednesday’s session are FedEx, Jabil Circuit, and Red Hat.
Toys ‘R’ Us brand may be brought back to life
New York CNN Buiness — Toys “R” Us may be coming back. The company closed all of its US stores in June as part of a bankruptcy liquidation. But the owners of the company’s remaining assets are looking into restarting the business, as well as the related Babies “R”...
BlackBerry, Oracle, Kroger are stocks to watch
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are BlackBerry Ltd., Oracle Corp., and Kroger Co. BlackBerry US:BBRY BB, -1.59% is projected to report a loss of 27 cents a share in the first...
Honda teams up with GM on self-driving cars
New York CNN Business — Honda and General Motors are teaming up to create a new generation of fully autonomous vehicles. Honda will invest $2 billion over 12 years into GM’s autonomous vehicle subsidiary, Cruise. GM and Cruise have been building and developing...
Stocks to watch: Oracle, Smith & Wesson, Family Dollar
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are Oracle Corp., Smith & Wesson Holding Corp., and Family Dollar Stores Inc. After Thursday’s closing bell, Oracle ORCL, -0.10% said its fiscal...
Aston Martin IPO values James Bond’s favorite car brand at $5.6 billion
Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion. But its first day of trading in London got off to a rocky start. The favorite carmaker of fictional British secret service agent James Bond...
Wisconsin Energy, Oracle, GE are stocks to watch
NEW YORK (MarketWatch) — A spurt of acquisition announcements or talk of deals involving Wisconsin Energy Corp., Oracle Corp., and General Electric Co. may set those shares up for active trading in Monday’s session. Wisconsin Energy Corp. WEC, -0.23% said it would...
Barnes & Noble stock soars 20% as it explores a sale Barnes & Noble stock soars 20% as it explores a sale
Editor’s Note: This story originally published on October 3, 2018. New York CNN Business — Barnes & Noble stock jumped more than 20% after the board said it would consider a sale of the troubled company. The board said Wednesday it had appointed a special...
Google, Barnes & Noble are stocks to watch Wednesday
An earlier version of this story included companies that are scheduled to report earnings on Thursday, not Wednesday. The errors have been corrected. SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Wednesday’s session...
Why it’s time for investors to go on defense
CNN — It’s time for investors to start making safer bets. That’s what Howard Marks, co-chairman of Oaktree Capital, told CNNMoney editor-at-large Richard Quest on “Markets Now” on Wednesday. “Defense is more important than offense” right now, said Marks, the author...
Bed Bath & Beyond, GoPro, Nike are stocks to watch
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Bed Bath & Beyond Inc., GoPro Inc., and Nike Inc. After Wednesday’s closing bell, Bed Bath & Beyond US:BBBY reported quarterly earnings...
7 things to know before the bell
Click chart for more in-depth data. 1. The race to driverless cars: SoftBank (SFTBF) and Toyota (TM) are forming a joint venture that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food is...
DuPont, Nike, KB Home are stocks to watch
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike Inc., and KB Home. DuPont DD, -0.31% : The chemical company late Thursday cut its second-quarter and full year profit outlook due to...
