Latest Market News
Grocery store chain Kroger Co. KR, -2.08% said Friday that it has sent insurer Cigna Corp. CI, -1.10% subsidiary Express Scripts Inc. a written notice of its plan to terminate their pharmacy provider agreement for commercial customers. “Express Scripts drug pricing model is unsustainable for Kroger and consumers; access to affordable prescriptions and wellness services […]
Baker Hughes BKR, -0.76% on Friday reported that the number of active U.S. rigs drilling for oil rose by two to 604 this week. That followed increases in each of the past two weeks. The total active U.S. rig count, which includes those drilling for natural gas, climbed by one to 765, according to Baker […]
S&P Global Ratings on Friday moved its outlook on the U.K.’s AA sovereign credit rating to “negative” from “stable,” citing concerns about the country’s fiscal outlook. The British pound GBPUSD, +0.40% tumbled and yields on British government bonds, or gilts, soared after Treasury chief Kwasi Kwarteng on Sept. 23 unveiled a mini-budget plan that included […]
Lockheed Martin Corp. LMT, -0.90% said late Friday its board approved a 7% hike to the aerospace and defense company’s dividend. The company said it will pay a $3-a-share dividend, up from a previous $2.80 a share, on Dec. 30, to shareholders of record as of Dec. 1. Shares of Lockheed Martin are up 8.7% […]
Cal-Maine Foods Inc. CALM, -5.25% on Friday said it named Sherman Miller as its new chief executive, a move that took hold immediately. Miller, who most recently served as the egg producer’s president and chief operations officer, will replace Dolph Baker at the helm. Baker will stay on as chairman of Cal-Maine’s board and remain […]
U.S. stocks end sharply lower Friday, closing out a brutal month of September and posting their worst skid in the first 9-months of a year in two decades as higher rates and recession fears grip investors. The Dow Jones Industrial Average DJIA, -1.71% tumbled about 495 points Friday, or 1.7%, ending near 28,730 as heavy […]