Shares of Nike Inc. tumbled after hours Thursday after the athletic-gear giant warned of a “softer second-half revenue outlook” on its quarterly earnings call, and said it is…
Read more Nike shares dive, company eyes $2 billion in cost cuts amid 'softer' outlookBERLIN—Bayer Chief Executive Bill Anderson said the company would bounce back quickly from a recent spate of bad news, and warned that a breakup of the pharmaceutical and…
Read more Bayer CEO Says Breakup Wouldn’t Fix All of the Company’s IllsShares of Alibaba Group Holding Ltd. were rallying more than 2% in Thursday’s premarket trading after the Chinese e-commerce giant topped expectations with its latest revenue and earnings.…
Read more Alibaba’s stock advances after earnings beatWalt Disney Co.’s stock dipped in after-hours trading Wednesday after the company posted mixed quarterly results roughly in line with analysts’ expectations amid a cost-cutting frenzy. Separately, Disney…
Read more Disney posts smaller streaming loss, will hike prices for Disney+ and HuluTupperware Brands Corp.’s stock climbed more than 90% in extended trading Thursday after the beleaguered maker of iconic food containers announced a debt restructuring agreement. The surge sent…
Read more Tupperware stock soars 90% after debt restructuring agreementBy Joe Hoppe Cineworld Group said Thursday that its proposed restructuring has the backing of lenders controlling almost all of its legacy credit lines and most of the…
Read more Cineworld’s Proposed Restructuring Now Backed by Most Lenders — UpdateBed Bath & Beyond went from homeware powerhouse to the retail doghouse over the course of the last decade. But its final push into Chapter 11 bankruptcy protection…
Read more From meme stocks to empty shelves: The top 5 reasons Bed Bath & Beyond failedBed Bath & Beyond Inc.’s Canadian division will shut down its stores under court protection after the company received an unusual lifeline earlier this week to save its…
Read more Bed Bath & Beyond to Shut Down Canadian Stores in BankruptcyA federal appeals court rejected Johnson & Johnson ‘s plan to use a legal strategy to push about 38,000 talc lawsuits into bankruptcy court, hampering the controversial tactic…
Read more J&J Can’t Use Bankruptcy to Resolve Talc-Injury Lawsuits, Appeals Court RulesSAP profit, revenue fall short of forecasts, plans to cut 2,800 jobs Source link
Read more SAP to cut nearly 3,000 Jobs, weighs Qualtrics stake saleShares of AT&T Inc. were rising in premarket trading Wednesday after the company swung to a loss upon taking restructuring charges, but beat earnings expectations on an adjusted…
Read more AT&T stock moves higher after earnings as subscriber growth story continuesEmbattled crypto lender Genesis announced that it had filed for bankruptcy late Thursday, the latest firm to be taken amid a widespread rout among crypto companies driven by…
Read more Crypto lender Genesis latest to file for bankruptcy as crypto contagion continues to spreadShares of Alibaba Group Holdings are higher following news that co-founder Jack Ma is ceding control of affiliate company Ant Group Co., potentially paving the way to revive…
Read more Alibaba shares rise in Hong Kong after Jack Ma cedes control of Ant GroupOn Thursday, John Ray, III, the new CEO of FTX, dropped a long-awaited declaration in U.S. bankruptcy court, giving a sober assessment of the collapse of Sam Bankman-Fried’s…
Read more ‘This situation is unprecedented’: 10 crazy things detailed in FTX’s bankruptcy filingCisco Systems Inc.’s stock rose in extended trading Wednesday after the networking-technology company delivered better-than-expected numbers on the top and bottom line, and offered encouraging guidance. Still, Cisco…
Read more Cisco’s stock rises on strong quarterly sales and guidance, but a restructuring is coming
