News
The latest UK CPI data received this morning shows that consumer prices slowed last month in the UK to 9.9% from the prior month’s 10.1%. The market was looking for an unchanged reading against that prior result and so the drop will no doubt be welcomed by UK households, despite confirming that inflation remains at […]
Danaher Corp. DHR, -0.02% on Wednesday said it would spin off its Environmental & Applied Solutions segment into a separate publicly-traded company. The spin-off, expected to be completed in the fourth quarter of 2023, would help the diagnostic-tools provider become “a more focused science and technology leader committed to innovation and making a profound impact […]
Arconic Corp. ARNC, -3.12% shares fell in after-hours trading Wednesday after executives trimmed the aluminum company’s annual outlook due to production issues and European energy costs. The stock declined 8% in the extended session after executives reduced their annual revenue forecast to a range of $9.2 billion to $9.5 billion, after previously stating $9.6 billion […]
Expedia Group Inc. EXPE, +1.85% said late Wednesday that Julie Whalen will start as the online travel company’s chief financial officer near the end of the month. Whalen, who succeeds Eric Hart, has served on Expedia’s board for more than three years, and is coming to Expedia from Williams-Sonoma Inc. WSM, -0.24%, where she served […]
PayPal Holdings Inc.’s PYPL, +2.79% newly named chief financial officer, Blake Jorgensen, will take a leave of absence for health reasons, the company disclosed in a filing with the Securities and Exchange Commission on Wednesday. Gabrielle Rabinovitch, the company’s senior vice president for corporate finance and investor relations, will serve as acting CFO. Jorgensen, the […]
U.S. stocks traded lower in the final hour of trading on Wednesday with three indexes turning lower after morning gains. The Dow Jones Industrial Average DJIA, +0.10% fell 184 points and the S&P 500 SPX, +0.34% lost 0.4%, while the Nasdaq Composite COMP, +0.74% declined by 0.1%. Investors were struggling to find their footing after […]