Tag: Marketwatch

KKR & Co. Inc. KKR, +0.13% shares dropped 4.3% on Tuesday after the private equity firm said it swung to a second-quarter loss of $827.93 million, or $1.22 from net income of $1.28 billion, or $2.05 a share, in the year-ago quarter. Revenue fell to $330.04 million from $3.14 billion. KKR said it lost $1.68 […]

Colgate-Palmolive Co. CL, +3.00% has announced plans to purchase three dry pet food manufacturing plants from Red Collar Pet Foods for $700 million. The acquisition will support the growth of Colgate-Palmolive’s Hill’s Pet Nutrition business, according to a statement released before market open on Monday. The plants, which are in Orangeburg, South Carolina; Clinton, Oklahoma; […]

Shares of Opendoor Technologies Inc. OPEN, -2.44% fell 2.7% in afternoon trading Monday, after the U.S. Federal Trade Commission said subsidiary online home buying company Opendoor Labs Inc. will have to pay $62 million for deceiving potential home sellers. The FTC said it took the action because of its allegations that Opendoor “pitched potential sellers […]

Oracle Corp. ORCL, -0.51% has begun layoffs, according to multiple reports Monday. Job cuts affecting employees in the Bay Area have started, according to The Information, which also reported last month that the tech giant is planning to slash thousands of jobs as it seeks to shave $1 billion in costs. Some employees in the […]

The Treasury Department on Monday said it expects to borrow $444 billion in privately-held net marketable debt during the July-September 2022 quarter, assuming an end-of-September cash balance of $650 billion. The borrowing estimate is $262 billion higher than announced in May 2022, primarily due to changes to projections of fiscal activity and the estimated impact […]

Shares of Avis Budget Group Inc. CAR, -0.52% were up more than 4% in after-hours trading Monday after the company easily topped profit expectations for its latest quarter. The rental-car company posted net income of $774 million, or $15.71 a share, compared with $398 million, or $5.63 a share, in the year-earlier period. On an […]

President Joe Biden plans to give a speech on Monday evening about “a successful counterterrorism operation,” according to a White House statement. The remarks are slated to come at 7:30 p.m. Eastern Time. A senior Biden administration official said the U.S. conducted a counterterrorism operation against a “significant” Al Qaeda target in Afghanistan over the […]

Shares of Woodward Inc. WWD, +0.09% plunged 7.43% in extended trading on Monday after the aircraft component maker lowered its full-year guidance. The company’s stock closed Monday’s session up 0.09% at $104.79. Woodward reported fiscal third-quarter net income of $39 million, or 64 cents a share, compared to net income of $49 million, or 74 […]

U.S. stocks finished lower Monday, kicking off August on a downbeat note, after a strong July rally carried the main equity benchmarks to their best month of gains in almost two years. The Dow Jones Industrial Average DJIA, -0.14% shed about 45 points, or 0.1%, to end the session near 32,799. The S&P 500 index […]

Shares of First Solar Inc. FSLR, +1.41% climbed 1.3% toward an eight-month high in afternoon trading Monday, after BofA Securities analyst Julien Dumoulin-Smith backed away from his bearish stance on the solar power systems company, citing upbeat policy developments and pricing potential. Dumoulin-Smith raised his rating to neutral from underperform, and boosted his stock price […]