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Google Business NewsFeb 21, 2019
Kraft Heinz loses a lot of cheese as earnings send stock plunging toward record low - MarketWatch
Kraft Heinz loses a lot of cheese as earnings send stock plunging toward record low  MarketWatchKraft Heinz slashes dividend, discloses SEC subpoena — stock tanks  CNBCKraft Heinz posts huge loss, slashes dividend and reveals SEC investigation  CNNKraft Heinz's Financial Recipe Turns Sour  BloombergStocks making the biggest moves after hours: Kraft Heinz, Dropbox, Zillow and more  CNBCView full coverage on Google News

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Stamps.com ending exclusive partnership with U.S. Postal Service, stock down nearly 50% (MarketWatch MarketPulse)

MarketWatch MarketPulseFeb 21, 2019
Surprise! California pension fund reportedly had major stake in National Enquirer parent
Californians voted overwhelmingly against Donald Trump in the 2016 presidential election, but they might be surprised to learn they owned as much as one-third of the parent company of the National Enquirer, which helped Trump's campaign by reportedly supressing potentially damaging news stories, the Los Angeles Times reported Thursday. CalPERS, California's public pension fund, which is funded by taxpayers and state employees, was one of the largest investors in American Media Inc. as of 2016, the Times reported. It is unclear if it still holds that stake. Through public filings, the Times found CalPERS's stake came from an investment managed by a New Jersey hedge fund. The tabloid was most recently accused of trying to blackmail Amazon.com Inc. CEO Jeff Bezos with salacious photos. A CalPERS spokeswoman told the Times "CalPERS does not align itself with American Media's business actions," or endorse it. A Stanford economics professor told the Times that many Californians would be unhappy to learn they may have helped fund pro-Trump efforts: "That's going to make them feel real good about their pension fund managers!" he said sarcastically.

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 MarketPulseFeb 21, 2019
Acacia Communications shares jump on better-than-expected quarterly earnings
Acacia Communications Inc. shares rallied in Thursday's extended session after the optical networking technology company posted quarterly results ahead of Wall Street's expectations. Acacia reported it swung to fourth-quarter earnings of $9.1 million, or 22 cents a share, from a loss of $20.4 million, or 52 cents a share, a year earlier. On an adjusted basis, the company would have earned 41 cents a share. Revenue rose to $107.1 million from $86.6 million. Analysts surveyed by FactSet had forecast earnings of 35 cents on revenue of $103 million. For the current quarter, Acacia expects revenue in a range of $96 million to $104 million and adjusted earnings per share of 18 cents to 34 cents. Acacia shares rallied 4.9% after hours.

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.



MarketWatchFeb 21, 2019
NewsWatch: 9 stocks with dividend yields over 4% in a sector that often beats the broader market
REITs outperformed the S&P 500 last year and so far in 2019.

NYTimes BusinessFeb 21, 2019
Wall St. Breaks Run of Gains as Economic Data Disappoints
Weak economic reports pressured U.S. stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum.

CNBC EconomyFeb 21, 2019
Fidelity notches record profit and revenue despite a slowdown in stock markets
Fidelity's operating income rose 19 percent last year, while revenue increased 12 percent to a record $20.4 billion.

CNBC FinanceFeb 21, 2019
A trade deal may not be 'priced in' yet as study shows S&P 500 should be 11% higher
Stocks should rise a lot more if China and the U.S. strike a trade deal since that event is not fully priced into the market yet, according to a study conducted by Renaissance Macro Research.

MarketWatch MarketPulseFeb 21, 2019
Ford launches probe into its emissions, fuel economy testing
Ford Motor Co. said late Thursday it has launched an investigation into its U.S. fuel economy and emissions compliance process after some employees raised concerns, the car maker said. The issue is not connected to "defeat devices," Ford said. The car maker has hired an outside firm to look into road-load specifications used in its testing and applications and is evaluating possible changes to some of its modeling, it said. Ford has shared its concerns with the Environmental Protection Agency and California Air Resources Board officials, it said. "The investigation and potential concerns do not involve the use of defeat devices in our products. At this time, there's been no determination that this affects Ford's fuel economy labels or emissions certifications," the company said. The first vehicle under the microscope is the 2019 Ranger, but Ford is assessing additional vehicles as well. "As always, we strive to be transparent with our customers, employees, dealers, shareholders and other stakeholders. We understand how important it is to all audiences that we thoroughly yet swiftly complete this investigation," Ford said. Shares of Ford fell 0.7% in the extended session Thursday after ending the regular trading day down 2.6%.

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.



MarketWatchFeb 21, 2019
The Federal Reserve won't be able to rescue investors if the stock market dives again
By capitulating, the Fed has reinflated stock prices this year, but at the cost of leaving it with less ammunition to deal with the next recession.

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Stock market stumbles out of the gate as Philly Fed index post first negative reading in 3 years (MarketWatch MarketPulse)

MarketWatch MarketPulseFeb 21, 2019
Intuit stock rises after tax software company beats profit forecasts
Shares of Intuit Inc. rose more than 2% in the extended session Thursday after the company, which offers tax-preparation software and related services, beat Wall Street profit expectations for its fiscal second quarter, its second largest in terms of sales after its fiscal third quarter. Intuit said it earned $189 million, or 72 cents a share, in the quarter, compared with $183 million, or 70 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $1 a share, compared with 84 cents a year ago. Revenue rose 12% to $1.5 billion. Analysts polled by FactSet had expected adjusted earnings of 86 cents a share on sales of $1.5 billion. "With the tax season well underway, our focus is to deliver the best experiences to grow the do-it-yourself category, transform the assisted category and go beyond taxes to find ways to put more money in the pocket of our customers. I'm proud of the work our teams have done to drive an experience with TurboTax Live that gives customers confidence to file on their own," Chief Executive Sasan Goodarzi said in a statement. "We like what we're seeing at this stage." For the fiscal third quarter, the company said it expects revenue growth between 10% and 12% and non-GAAP EPS between $5.35 and $5.40.

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 MarketPulseFeb 21, 2019
Elizabeth Warren backs reparations for slavery: report
Democratic presidential candidate Elizabeth Warren, a U.S. senator for Massachusetts, said she supported government reparations for black Americans impacted by slavery, according to a New York Times report on Thursday. It's a policy that experts say could cost several trillion dollars, and one that Barack Obama, Hillary Clinton, Bernie Sanders and many top Democrats have not supported, the report added. Democratic presidential contender Kamala Harris, a U.S. senator from California, also has said she supports reparations.

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 MarketPulseFeb 21, 2019
Johnson & Johnson's stock falls to lead Dow losers after being subpoenaed by DOJ, SEC
Shares of Johnson & Johnson fell 1.4% in morning trade Thursday, enough to lead the Dow Jones Industrial Average's losers, after the consumer products and drug maker disclosed it received federal inquiries related to the safety of its baby powder. The company said in its 10-K filing with the Securities and Exchange Commission that it received subpoenas from the Senate Committee on Health, Education, Labor and Pensions, the Department of Justice and the SEC to produce documents regarding liability suits. The stock's price decline was shaving about 13 points off the Dow's price, which was down 82 points with 22 of 30 components losing ground.

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.


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