Category: Market News
Shares of Toast Inc. TOST, +2.48% fell more than 11% in the extended session Tuesday after the restaurant-focused payments company reported a mixed quarter, showing a wider per-share loss in the fourth quarter than Wall Street expected but higher revenue. Toast said it earned $2 million, swinging from a net loss of $61 million in […]
The American Petroleum Institute reported late Tuesday that U.S. crude supplies fell by 1.1 million barrels for the week ended Feb. 11, according to sources. The API also reportedly showed weekly inventory declines of 923,000 barrels for gasoline and 546,000 barrels for distillates. Crude stocks at the Cushing, Okla., delivery were down by 2.4 million […]
U.S. Steel Corp. X, +6.35% said late Tuesday that Chief Financial Officer Christine S. Breves intends to leave the company this year, after nine years of service. Breves will continue to serve as CFO while the steel maker searches for a permanent replacement, the company said. Breves has agreed to stay on the whole year, […]
Shares of La-Z-Boy Inc. LZB, +2.71% dropped more than 8% in the extended session Tuesday after the furniture maker reported mixed fiscal third-quarter results and detailed multiple COVID-19 snags that hindered production amid ongoing high demand for its furniture items, which include its well-known recliners. La-Z-Boy said it earned $28.5 million, or 65 cents a […]
Marriott International Inc. MAR, +5.24% disclosed Tuesday that it had 120,000 employees at the end of 2021, including 97,000 employees in the U.S., according to the hotel operators 10-K filing with the Securities and Exchange Commission. That’s down 0.8% from 121,000 employees at the end of 2020, which included 98,000 U.S. employees. The hotel operator’s […]
Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc. She is based in New York. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and […]
Shares of Arch Resources Inc. ARCH, +1.50% climbed 1.5% toward a record high in morning trading Tuesday, but pared earlier gains of as much as 10.5%, after the coal producer reported a fourth-quarter profit that missed expectations but revenue that more than doubled and was well above forecasts, and said it planned to restart its […]
BorgWarner Inc. BWA, -1.45% said Tuesday its fourth quarter net income fell to $129 million, 54 cents a share, from $358 million, or $1.52 a share in the year-ago quarter. Adjusted earnings dropped to $1.06 a share in the latest quarter, from $1.18 a share. Sales dropped 6.9% to $3.66 billion as a decline in […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch
Bank of America Corp. BAC, -1.04% said Monday it’s leading an investment round in Banked Ltd. and also teaming up with the company to offer payment services in the U.K. Bank of America said it led a $20 million Series A investment round in Banked Ltd., along with Edenred Capital Partners. Existing Banked Ltd. investors […]