Tag: Marketwatch
Stocks opened lower as investors continued to monitor developments around Russia’s invasion of Ukraine, tracking volatile action in crude-oil prices. The Dow Jones Industrial Average DJIA, -0.76% fell 132 points, or 0.4%, to 33,483, while the S&P 500 SPX, -1.05% fell 0.2% to 4,321 and the Nasdaq Composite COMP, -1.07% rose 0.3% to 13,349. Stock-index […]
Shares of Limelight Networks Inc. LLNW, -1.31% rallied 6.7% in premarket trading Monday, after the content delivery services provider announced a deal to buy Yahoo’s Edgecast Inc., a provider of security, content delivery and video services, in a stock deal that values Edgecast at about $300 million. Yahoo, which owns Edgecast, is owned by Verizon […]
Shares of Biogen Inc. BIIB, -0.84% were up 1.0% in trading on Thursday after the company confirmed to media outlets that it is laying off some U.S. employees as part of an effort to secure $500 million in annual cost savings. Stat first reported the layoffs, saying the company plans to cut 1,000 jobs, citing […]
TJX Cos. TJX, -4.82% said in a Thursday filing that it will divest its equity ownership in Familia, a Luxembourg-based off-price retailer with 400 stores in Russia. TJX, which is parent company to HomeGoods and TJ Maxx, says it is taking the step “in support of the people of Ukraine.” In addition to the divestiture, […]
Finally, the average U.S. daily COVID-19-related death count appears to have started a more rapid decline, after lagging the sharp drops seen for cases and hospitalizations. After holding steadily just below 2,000 earlier this week and late last week, the seven-day average of deaths fell to a two-month low of 1,706 on Thursday, down more […]
Dollar General Corp. DG, +2.27% announced Friday plans to create about 10,000 new jobs in 2022, which would increase its total workforce by 6%. The new jobs will come from new stores, distribution center and private fleet growth. The discount retailer had recently announced plans to open 1,110 stores. The stock, which was still inactive […]
Sprouts Farmers Market Inc. SFM, +6.93% shares rose 4.7% in Friday premarket trading after the grocer announced a new $600 million share repurchase program. The new program replaces a previous one that had $100 million remaining. The program expires on December 31, 2024. Sprouts stock has run up 30.6% over the past year while the […]
The U.S. is forecast to have added 440,000 new jobs in February, according to economists polled by the Wall Street Journal. The unemployment rate is expected to dip to 3.9% from 4%. The report will be released at 8:30 a.m. Eastern by the Bureau of Labor Statistics. The Dow Jones Industrial Average DJIA, -0.24% and […]
DXC Technology Co. DXC, -4.28% said Friday that it will no longer pursue business in Russia and has committed to leaving that market, given Russian military aggression against Ukraine. The Virginia-based technology consulting and outsourcing services company said it has about 4,000 employees in Russia, and will continue to provide support for those employees. The […]
Perfect Corp. said Thursday it agreed to go public in a deal with special purpose acquisition company (SPAC) Provident Acquisition Corp. PAQC, +0.10% that values the Taiwan-based beauty software specialist at $1.02 billion. The deal includes a $50 million private investment in public equity (PIPE) deal with Chanel, Cyberlink, Shiseido and Snap Inc. SNAP, -7.21%. […]