Tag: Marketwatch

Ecolab Inc. ECL, -2.24% said Monday it’s planning to buy back $500 million of its own shares in 2022. The water treatment company had about 286 million shares outstanding on Feb. 28. “While continued rising raw material costs present a significant headwind for us and others, history shows that we have successfully navigated repeated raw […]

Park Hotels & Resorts Inc. PK, -1.28% said Friday it was reinstating a dividend, as the real estate investment trust focusing on hotels and resorts said it has seen a “broad-based recovery” in demand in February. The company said it will pay a quarterly dividend of 1 cent a share on April 15 to shareholders […]

Apollo Global Management Inc. APO, +1.58% confirmed Friday that it is in the early stages of evaluating a cash offer for Pearson Plc PSON, +18.01% PSO, +17.72%. The FTSE 100 education company’s shares were up about 21% on the news. Apollo said there was no guarantee that any offer will be made or on which […]

Shares of VEON Ltd. VEON, +3.31% VEON, +0.71% jumped 8.6% in premarket trading Friday, after the Netherlands-based internet services provider said its subsidiary prepaid its RUB30 billion ($259 million) loan with VTB Bank PJSC ru:vtbr, leaving VEON with no further outstanding loans with VTB. VEON’s stock had been hit hard by the sanctions imposed on […]

Exactly two years since the World Health Organization officially declared the then-rapidly spreading coronavirus outbreak a pandemic, and China has locked down a city of 9 million amid a spike in new COVID cases. Residents of the northeastern city of Changchun are required to remain home and undergo three rounds of mass testing, while non-essential […]

President Vladimir Putin said Friday that he had seen some progress in negotations with Ukraine, as the Russian invasion of that country stretches beyond two weeks. “There are certain positive shifts, negotiators on our side tell me,” Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko, adding that talks continued “practically on a […]

WeWork Inc. WE, -3.62% reported a 2021 loss that widened to more than $4.4 billion, although losses narrowed sequentially for every quarter after a $2.0 billion loss in the first quarter. The stock was little changed in premarket trading. The reported a 2021 net loss of $4.44 billion, or $18.38 a share, after a loss […]

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 […]