Vans owner VF Corp lays off 500 employees in restructuring push
Vans owner VF Corp said on Thursday it has laid off about 500 employees as it aims to
2023-12-01 07:25
Uncertain 2024 makes US companies refinance debt sooner, not later
By Matt Tracy Tight credit spreads and strong investor demand for highly-rated bonds has prompted some U.S. companies
2023-12-01 03:48
McDonald's to acquire Carlyle's stake in China unit
By Granth Vanaik (Reuters) -McDonald's said on Monday it would acquire investment firm Carlyle's 28% stake in a partnership that
2023-11-20 23:52
Middle East asset manager Investcorp eyes up to $550 million in first China yuan fund
By Roxanne Liu and Kane Wu BEIJING Bahrain-based alternative asset manager Investcorp is aiming to raise 2 billion
2023-11-14 16:18
US bond investors with mild recession concerns on the rise -BofA
By Matt Tracy U.S. corporate bond investors were focusing on companies deemed best able to withstand an economic
2023-11-14 04:52
News Corp beats Street estimates, touts generative AI efforts
By Chavi Mehta (Reuters) -Media conglomerate News Corp beat Wall Street targets for first-quarter revenue and profit on Thursday and
2023-11-10 06:52
US companies' debt cushion smallest since Q1 2021 :BofA
By Matt Tracy Rising borrowing costs made a slight dent in U.S. companies' ability to make interest payments
2023-11-09 02:27
McDonald's beats sales estimates as cheaper menu, new launches drive demand
(Reuters) -McDonald's beat Wall Street estimates for third-quarter profit and sales on Monday, powered by new launches as well as
2023-10-30 19:24
Gold miner Newmont misses profit estimates, Penasquito return underway
By Seher Dareen (Reuters) -Newmont on Thursday missed Wall Street estimates for third-quarter profit as the world's largest gold miner
2023-10-27 01:22
RTX swings to loss on Pratt engines issues, approves $10 billion share buyback program
RTX reported a near billion dollar quarterly loss on Tuesday, as the aerospace supplier took a hit due
2023-10-24 19:26
Israel's war with Hamas comes to corporate America
From ESG investing (Blackrock), to gay rights (Disney), to Donald Trump after the Capitol riots (mainstream corporate America), companies routinely take a stand. Sometimes, as with Nike and Colin Kaepernick, it helps their bottom line. Sometimes, it does the opposite — think Bud Light's support of transgender rights.
2023-10-20 22:55
Starboard's Smith pushes for News Corp break-up
By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist hedge fund Starboard Value's CEO Jeff Smith said on Tuesday that Rupert Murdoch's
2023-10-17 23:58