Tag: Marketwatch

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 […]

Oil futures rose on Friday, as traders weighed ongoing worries about global energy supplies against a move by the U.S. to boost pressure on Russia to halt its assault on Ukraine. The U.S. and its international partners will move to revoke Russia’s trade status, which would lead to higher tariffs on Russian goods. West Texas […]

U.S. stocks slid into the closing bell on Friday, giving up earlier gains, and leaving the Dow down for five straight weeks as America and its allies looked to ratchet up economic pressure against Moscow to hopefully force the worsening conflict in Ukraine to a swifter end. The Dow Jones Industrial Average DJIA, -0.69% fell […]

The U.S. Treasury on Friday announced sanctions on two individuals and three entities for supporting North Korea’s development of weapons of mass destruction and ballistic missile programs. The sanctions target “a network of Russia-based individuals and entities complicit in helping [North Korea] procure components for its unlawful ballistic missile systems,” said Undersecretary of the Treasury […]