Category: Stock Market
Shares of McCormick & Co. Inc. MKC, -1.20% were indicated down less than 1% in premarket trading Thursday, after the spices and seasonings mix company reported fiscal third-quarter profit that fell short of expectations, amid continued supply chain challenges and as recovery of certain constrained materials took longer than anticipated. Net income rose to $222.9 […]
Jay Clayton, who formerly chaired the Securities and Exchange Commission, has joined the board of directors at American Express Co. AXP, -1.38%, the card company announced Thursday. “Jay’s deep regulatory and legal expertise and knowledge in financial markets, along with his extensive experience advising organizations on corporate governance matters, will make him a tremendous asset […]
Shares of Marathon Digital Holdings Inc. MARA, +2.02% climbed 1.3% in premarket trading Thursday, after the cryptocurrency miner said it produced 360 bitcoin BTCUSD, -0.25% in September, or nearly 60% of the 616 bitcoin produced during the third quarter. The company said the improved bitcoin production has continued into October, with about 19,000 additional miners […]
American Oncology Network LLC said Thursday it agreed to be acquired by special purpose acquisition company Digital Transformation Opportunities Corp. DTOC, +0.20% in a deal that values the oncology practice currently comprised of 107 doctors in 18 states at $500 million. When the merger closes as expected in the first half of 2023, American Oncology […]
Eli Lilly and Co. LLY, +0.35% said Thursday that its experimental obesity drug received a Fast Track designation from the Food and Drug Administration. The drug maker also said it plans to begin a rolling submission to the FDA for tirzepatide as a treatment for adults with obesity or who have overweight with related comorbidities. […]
Walgreens Boots Alliance WBA, -2.74% said Thursday that its stores will start selling over-the-counter Lexie Lumen hearing aids to adults starting Oct. 17. The aids costs $799 and are for adults with mild-to-moderate hearing loss. Walgreen’s stock is down 36.4% this year, while the broader S&P 500 SPX, -1.02% has declined 20.4%.
Target Corp. TGT, -0.42% is recalling about 12,800 Hearth & Hand with Magnolia tea kettles because of the risk of fire and burn hazards. “The paint can chip on the bottom of the recalled kettles, posing a fire hazard,” the company said. “In addition, the handle can break and/or the spout can leak, posing a […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 129 billion cubic feet for the week ended Sept. 30. That was higher than the average analyst forecast for an increase of 114 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in […]
Shares of Venator Materials PLC VNTR, -8.05% tumbled 11.7% toward a record low in morning trading Thursday, after the chemical products maker warned of sales weakness in the third quarter. The company said it expects to report third-quarter titanium dioxide (TiO2) sales volumes that are about 25% below second-quarter levels. “During the third quarter we […]
U.S. stocks opened modestly lower Thursday after a report from the Labor Department showed that weekly jobless claims climbed higher than anticipated. The Dow Jones Industrial Average DJIA, -1.15% was down 0.4% soon after the opening bell, while the S&P 500 SPX, -1.02% slipped 0.3% and the Nasdaq Composite COMP, -0.68% fell 0.2%, according to […]