Tag: brokerswatch

BrightView Holdings Inc. BV, -1.10% said Thursday it is adding more than 250 hybrid vehicles to its management fleet in an effort to curb greenhouse gas emissions. The commercial landscaping company said the move will boot its total fleet of electric and hybrid cars to nearly 700 by end 2023. The new vehicles include Ford […]

Shares of railroad operators rallied in premarket trading Thursday, after a railway strike was averted as the White House said a tentative deal has been reached. Shares of CSX Corp. CSX, -1.05% jumped 3.2% ahead of the open, Union Pacific Corp. UNP, -3.69% climbed 3.5% and Norfolk Southern Corp. NSC, -2.16% hiked up 1.7%. The […]

Credit Suisse upped its rating on Nokia NOK, -0.40% NOKIA, +0.05% to outperform from neutral, and lowered Ericsson ERIC, -3.32% ERIC.B, -3.05% to underperform from outperform, as Adithya Metuku assumed primary coverage on both. The analyst said Nokia’s diversified portfolio and the strength in network infrastructure will make it better placed to withstand headwind to […]

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 […]

Oil futures settled higher on Wednesday, buoyed in part by a report from Bloomberg Tuesday that said the Biden administration may consider refilling the nation’s Strategic Petroleum Reserve when crude prices dip below $80 a barrel. “While rallies are likely to be constrained by concerns over demand and China’s zero-COVID policy, we now have what […]

Shares of Vintage Wine Estates Inc. VWE, -40.05% plummeted 40.1% in afternoon trading Wednesday toward a record low, after the winery, with brands including Layer Cake, Clos Pegase and Bar Dog, reported a surprise fiscal fourth-quarter loss and provided a downbeat full-year revenue outlook. The company reported late Tuesday a net loss for the quarter […]