Category: Market News
McCormick & Co. MKC, -1.45% announced Friday that it is suspending operations in Russia, joining the many companies to do so following Russia’s invasion of Ukraine. The spice maker said it would contribute to the Polish Center for International Aid and the World Central Kitchen to support humanitarians efforts for Ukraine. “McCormick hopes for an […]
Shares of Applied Materials Inc. AMAT, -1.06% surged 3.6% in premarket trading Friday, after the semiconductor-equipment maker nearly doubled its repurchase authorization and boosted its dividend by 8.3%. The company said it set a new stock buyback program of $6 billion, which supplements the previous program that had $3.2 billion remaining. The new program represents […]
Anthem Inc. ANTM, -1.68% told investors on Thursday it plans to change its name to Elevance Health Inc. if shareholders approve the change. The health insurer said the name change would better reflect the shifting nature of its business, though it does not plan to change the names of its Blue Cross Blue Shield health […]
The U.S.-listed shares of British American Tobacco PLC BTI, -2.90% BATS, -1.03% fell 1.9% in midday trading Friday, after the U.K.-based tobacco products seller, with brands including Lucky Strike, Dunhill and Pall Mall, said it will no longer have a presence in Russia, and lowered its full-year financial outlook as a result of Russia’s invasion […]
Herbalife Nutrition Ltd. HLF, -0.21% said Friday it will suspend all operations in Russia and will no long ship products to the country, in response to Russia’s invasion of Ukraine. Th stock slipped 0.1% in midday trading, putting it on track for the lowest close since April 23, 2020. The nutritional supplements company said it […]
President Joe Biden on Friday said Russia’s stock market is still closed, since, the moment it opens, “it will be disbanded,” and “blow up.” The Moscow Exchange remains closed Friday, having been shut since Feb. 25 — the day after Russian forces invaded Ukraine. Biden was speaking to House Democrats at a conference in Philadelphia, […]
A number of executives at yogurt maker Chobani Inc. are leaving the company, with IPO plans put on hold, according to The Wall Street Journal. Among the departures are Chief Operating Officer Peter McGuinness and Chief Strategy Officer Michelle Brooks. Chobani filed paperwork to go public on the Nasdaq with the ticker “CHO” in 2021. […]
Baker Hughes BKR, +2.45% on Friday reported that the number of active U.S. rigs drilling for oil was up by eight to 527 this week. That was the biggest one-week gain since the week ended Feb. 11, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, climbed […]
Shares of NOV Inc. NOV, -3.47% dropped 3.4% in afternoon trading Friday, after BofA Securities analyst Chase Mulvehill swung to bearish from bullish on the oil services company, citing valuation and concerns over the negative impacts of Russia’s invasion of Ukraine. Mulvehill double downgraded NOV to underperform from buy, even as the stock price target […]
CVS Health Corp. CVS, -0.59% Chief Executive Karen Lynch has removed several executives, following the health care services and drug store chain’s internal probe into how sexual harassment complaints were handled, according to a report in The Wall Street Journal. Citing people familiar with the matter, the WSJ report said CVS’s investigation came after Lynch […]