A Washington judge has blocked Albertsons Cos. from paying out $4 billion in dividends while regulators review its proposed merger with Kroger. King County Superior Court Commissioner Henry Judson a...
Tag: Corporate/Industrial News
India-Focused Payments Company Ebix Races to Raise Cash Against Debt Deadline
Payments and software company Ebix Inc. is seeking to raise cash to pay back some $600 million in debt due early next year, but time is running short as it awaits regulatory approval for a public offe...
Sell These 3 Tech Stocks Because PC Demand Is Tumbling, Morgan Stanley Says
Falling demand for computers and electronics has made a Morgan Stanley analyst more pessimistic on three PC-related stocks. On Friday, Morgan Stanley analyst Erik Woodring reiterated his Underweight/S...
Opendoor Vents the Roof – WSJ
Zillow’s decision last year to jump out of this burning house is suddenly looking kind of smart. Opendoor Technologies said Thursday that its automated home-flipping business sold 33% more homes than ...
PayPal earnings forecast heads higher, but revenue outlook sends the stock lower yet again
PayPal Holdings Inc.’s cost-savings story began to play out in the latest quarter, but that wasn’t enough to satisfy investors as the digital payments giant also cut its revenue forecast for the full ...
Nikola Stock Is Rising. The Company Is Making More Trucks.
Stock in the electric and hydrogen truck-technology firm Nikola is rising after the company reported better-than-expected third-quarter sales. The company is ramping up production—a good sign for any ...
‘This has gone on too long’: The bank paid itself $18,000 in fees. My late father’s trust has not been distributed. What recourse do I have?
My father’s father set up a trust at a major bank with my father and the bank’s trust department as co-trustees. My father died at the end of last year; upon his death, the trust was supposed to be di...
‘Oh, my gosh, why am I not in the market?’ This forecaster says investors will be shocked by what’s about to happen next.
Slower, but higher rates and no pivot this side of Christmas. That was the message from Fed Chairman Jerome Powell after the central bank’s fourth-straight jumbo hike. Bruised investors continue to se...
Self-Driving Technology Provider Luminar Just Hit a Big Milestone
After 10-plus years of moonshot R&D, Luminar Technologies has made it into automotive production with its radarlike systems. Wednesday evening, lidar maker Luminar (ticker: LAZR) reported third-qu...
State attorneys general sue to block Albertsons’ $4 billion dividend payout
The attorneys general of California, Illinois and the District of Columbia are suing Albertsons in an effort to stop the grocery chain from paying a nearly $4 billion dividend to its shareholders. The...
PayPal Reports Earnings Today. What to Expect.
PayPal may be in the midst of a turnaround but Wall Street still expects the payments company to post a sharp drop in earnings when it reports third-quarter financial results after the bell Thursday. ...
Fisker details sales ramp, says Ocean SUV production set to start this month
Fisker Inc. late Wednesday reported a quarterly loss that was wider than Wall Street expected, but kept some of its milestones unchanged, including the start of production of its electric SUV, and gav...
Tupperware stock craters after company warns its debt burden may force it out of business
Tupperware Brands Corp. stock tumbled 41% Wednesday, after the maker of food storage products missed third-quarter earnings expectations, warned it may go out of business, and conceded that some of it...
This oil company is America’s hottest stock. Why won’t its CEO pump more oil?
Vicki Hollub’s Occidental Petroleum controls the biggest piece of the most important area for oil production in the United States. Not so long ago, an oilman in a position like that—and it would’ve be...
‘Am I being ripped off?’ I moved into my husband’s home. I pay for groceries. The rental income from my apartment goes into our joint savings.
I read one of your previous columns regarding the boyfriend who wants the letter writer to move in. My case is similar, but we have already made a decision on how to structure our finances as they rel...
SoFi Stock Leaps on Narrower-Than-Expected Loss and Revenue Beat
SoFi Technologies was surging after posting a narrower-than-expected third-quarter loss and revenue that exceeded forecasts. SoFi (ticker: SOFI), the financial-technology company, reported third-quar...
DuPont Ends Rogers Acquisition. Blame China Regulators.
After a wild series of events, stock in materials giant DuPont rose while shares of DuPont’s almost-merger partner Rogers Corp. plummeted. Here’s what happened: DuPont (ticker: DD) on Tuesday complete...
Voya to buy Benefitfocus in $570 million deal, Benefitfocus stock skyrockets
Benefits manager Voya Financial VOYA, +0.22% on Tuesday said it agreed to acquire Benefitfocus BNFT, -0.85%, a cloud-based benefits administration tech platform, in a $570 million deal. Shares of Bene...
Amazon stock breaks long-term chart support, and the worst may still be to come
Amazon’s stock has tumbled enough over the past week to do real damage to its long-term chart — and enough to warn investors the worst may be yet to come. But amid the market turmoil and concerns over...