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MarketWatch MarketPulseSep 21, 2020
Ingersoll Rand to award $150 million in stock grants to all employees
Ingersoll Rand Inc. said Monday that it is awarding $150 million in equity grants to its near 16,000 employees worldwide. The industrial technologies company said each eligible employee will receive a grant of the company's stock equal in value to 20% of that employee's annual base cash compensation. "This is a $150 million investment in our employees," said Chief Executive Vicente Reynal. "Our employees have carried us through the beginning of a successful integration between Gardner Denver and the Ingersoll Rand Industrial segment, built a solid foundation and now position us to pivot to growth and achieve great things in the future." The stock, which is still inactive in premarket trading, has slipped 2.1% year to date while the S&P 500 has gained 2.8%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseSep 21, 2020
Nikola investors take a 'gut punch' as Trevor Milton steps down as chairman, Wedbush says
Trevor Milton's stepping down as Nikola Corp.'s chairman was "shocking" and will leave investors with some "white knuckles," said Wedbush analyst Dan Ives, as it is now all about execution with the partnership with General Motors Co. a "linchpin to its success." Nikola's stock plummeted 36% in premarket trading, putting them on track to open at a four-month low. "Trevor stepping down voluntarily at Nikola will be perceived by the Street as a major near-term gut punch for the company's lofty EV ambitions as he plays a key role strategically in driving the company's vision," Ives wrote in a note to clients. "In a nutshell, Nikola is still a 'prove me' stock, which speaks to why we are watching this from the sidelines with a neutral rating until we can get more confidence in the EV and hydrogen fuel cell execution story over the next 12 to 18 months." Milton stepping down comes a little over a week after short-seller Hindenburg Research said Nikola misled investors.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Market NewsSep 20, 2020
PlayStation apologizes for PS5 preorder fiasco, says process 'could have been a lot smoother' - Fox Business
PlayStation apologizes for PS5 preorder fiasco, says process 'could have been a lot smoother'  Fox BusinessThese drawn-to-scale diagrams show just how the PS5 and Xbox Series X will fit into your home  Eurogamer.netThis long-time Xbox owner is still looking at the PS5  Android AuthorityWill the PS5 fit under your TV? We find out

Forbes HeadlinesSep 20, 2020
Apple Watch Series 6 Review: Still The Best Smartwatch, But The Gap Is Closing
The Apple Watch Series 6 continues Apple's reign as the best smartwatch around--but the gap has closed.

AdWeek NewsSep 20, 2020
How the Racial Inferiority Myth Is Still Holding Back Black Employees
Despite corporate America's decades of diversity and inclusion efforts and its stellar business case showing greater revenue, profitability and innovation, these efforts have failed rather spectacularly. When has a business practice, sponsored by powerful CEOs that results in more revenue, ever failed so colossally? And why is it happening? Let's acknowledge the stubborn role of...

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