Tag: Marketwatch

Albertsons Cos. Inc. ACI, -1.92% said late Monday its board is looking at “potential strategic alternatives aimed at enhancing Albertsons’ growth and maximizing shareholder value,” including what the company described as “potential strategic or financial transactions” as well as “responding to inquiries.” The grocery chain has hired Goldman Sachs and Credit Suisse to serve as […]

Shares of GoodRx Holdings Inc. GDRX, +4.22% fell more than 30% in the extended session Monday after the health care company reported adjusted quarterly earnings below Wall Street expectations and sales also disappointed. The company said it lost $39.9 million, or 10 cents a share, in the fourth quarter, compared with a loss of $298.3 […]

Shares of Vroom Inc. VRM, -1.94% fell more than 5% in the extended session Monday after the online used-car retailer reported mixed fourth-quarter results, posting a wider-than-expected loss and sales that were above expectations, and called for lower-than-expected sales in the current quarter. Vroom said it lost $130 million, or 95 cents a share, in […]

Shares of Canoo Inc. GOEV, -0.17% fell more than 7% in the extended session Monday after the electric-vehicle startup reported a wider-than-expected quarterly loss. Canoo said it lost $138.1 million, or 60 cents a share, in the fourth quarter, compared with a loss of $9.2 million, or 6 cents a share, in the year-ago quarter. […]

Oil futures finished at a more than seven-year high on Monday, with U.S. prices ending higher for a third straight month, on the back of tougher global sanctions on Russia in retaliation for its invasion of Ukraine. “Traders are reacting more to the risk of a disruption than an actual disruption” to oil supplies, said […]

Gold futures climbed on Monday, buoyed by Russia’s ongoing invasion of Ukraine, with prices for the metal ending higher for the month. “If there is no de-escalation between the West and Russia, there will be a surge of physical investment demand into precious metals as a rush into precious safe havens explodes,” said Peter Spina, […]

Trade in several Russia-related stocks on the New York Stock Exchange and Nasdaq was halted Monday. Alerts from the NYSE said activity in American depositary shares of steelmaker Mechel PAO MTL, -2.17%, telecom operator Mobile TeleSystems MBT, -8.64% and Russian online real-estate listings company Cian PLC CIAN, +2.72% were halted due to “regulatory concern.” Shares […]

Estee Lauder Cos. EL, -1.94% has fired senior executive John Demsey, according to a report from The Wall Street Journal. Demsey was suspended last week after posting a racist Instagram meme on the social media site. Demsey has since apologized. Demsey had been with the company for 31 years and led beauty brands including Clinique […]

W. P. Carey Inc. WPC, +2.60%, a net lease real estate investment trust, said Monday it has agreed to merge with Corporate Property Associates 18 — Global Inc. in a deal valued at about $2.7 billion, including the assumption of debt. The deal is expected to close in the third quarter. Under the terms of […]

Russian companies with dollar-denominated listings in London plunged on Monday after the West moved to cut some Russian banks from the SWIFT messaging system. Sberbank SBER, -61.08% dropped 75%, and Lukoil LKOD, -52.41% fell 58%. Rosneft Oil ROSN, -42.56% dropped 41% as BP said it would exit its minority stake. Gazprom Neft GAZ, -23.95%, the […]