Tag: Marketwatch

Shares of La-Z-Boy Inc. LZB, +2.71% dropped more than 8% in the extended session Tuesday after the furniture maker reported mixed fiscal third-quarter results and detailed multiple COVID-19 snags that hindered production amid ongoing high demand for its furniture items, which include its well-known recliners. La-Z-Boy said it earned $28.5 million, or 65 cents a […]

Marriott International Inc. MAR, +5.24% disclosed Tuesday that it had 120,000 employees at the end of 2021, including 97,000 employees in the U.S., according to the hotel operators 10-K filing with the Securities and Exchange Commission. That’s down 0.8% from 121,000 employees at the end of 2020, which included 98,000 U.S. employees. The hotel operator’s […]

Tonya Garcia is a MarketWatch reporter covering retail and consumer-oriented companies. You can follow her on Twitter @tgarcianyc. She is based in New York. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and […]

Shares of Arch Resources Inc. ARCH, +1.50% climbed 1.5% toward a record high in morning trading Tuesday, but pared earlier gains of as much as 10.5%, after the coal producer reported a fourth-quarter profit that missed expectations but revenue that more than doubled and was well above forecasts, and said it planned to restart its […]

BorgWarner Inc. BWA, -1.45% said Tuesday its fourth quarter net income fell to $129 million, 54 cents a share, from $358 million, or $1.52 a share in the year-ago quarter. Adjusted earnings dropped to $1.06 a share in the latest quarter, from $1.18 a share. Sales dropped 6.9% to $3.66 billion as a decline in […]

Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch

Bank of America Corp. BAC, -1.04% said Monday it’s leading an investment round in Banked Ltd. and also teaming up with the company to offer payment services in the U.K. Bank of America said it led a $20 million Series A investment round in Banked Ltd., along with Edenred Capital Partners. Existing Banked Ltd. investors […]

Gold futures climbed sharply on Monday, with concerns surrounding a possible Russian invasion of Ukraine boosting prices for the precious metal to their highest finish in nearly three months. “Comments from U.S. officials at the end of last week suggesting that an invasion of Ukraine by Russia was imminent, threw markets into a tailspin,” said […]

The U.S. is temporarily closing its embassy in Kyiv, Ukraine, and relocating operations to the western city of Lviv, Secretary of State Antony Blinken said in a statement. “We are in the process of temporarily relocating our embassy operations in Ukraine from our embassy in Kyiv to Lviv due to the dramatic acceleration in the […]

The Dow Jones Transportation Average DJT, +0.80% charged up 157 points, or 1.1%, in afternoon trading, but with just 9 of its 20 components gaining ground, to as the rally in Avis Budget Group Inc.’s CAR, +7.43% stock provided the boost the index needed to buck the selloff in the broader stock market. The car […]