logo

Breaking News

Share

The Dürr Group announced the Group will discontinue its loss-making micro gas turbine business. This will lead to extraordinary expenses of 17 million euros in 2018. Also, the Group said HOMAG division is fundamentally reorganizing its production at the Schopfloch site. The cost of closing the micro...

Steinhoff International Holdings N.V. announced that Investment group VEB/European Investors and the company have agreed to suspend the collective action currently ongoing between them in The Netherlands until 3 April 2019. VEB/European Investors has sued Steinhoff for certain financial statements, prospectuses...

Constellation Brands, Inc. (STZ) announced Bill Newlands will assume the role of president and chief executive officer, succeeding current CEO Rob Sands, on March 1, 2019. Rob Sands will assume the role of executive chair. Richard Sands, who is currently serving in the role of executive chair, will assume...

United Rentals, Inc. (URI) announced, for 2018, the company now projects adjusted EBITDA in a range of $3.765 billion to $3.815 billion, revised from prior range of $3.715 billion to $3.815 billion. Total revenue is now expected in a range of $7.77 billion to $7.87 billion, up from previous guidance...

Alcoa Inc. (AA), the largest producer of aluminum in the US, Wednesday reported a third-quarter adjusted profit that trumped Wall Street estimates, driven largely by revenue growth. New York-based Alcoa reported third-quarter loss of $41 million or $0.22 per share, compared with profit of $113 million...

Alcoa Corp. (AA) announced its intention to begin a formal consultation process for collective dismissals that would affect all employees at its Avilés and La Coruña aluminum plants in Spain. Avilés employs 317 employees and La Coruña 369. An analysis of Alcoa's operations in Spain found that organizational...

Home improvement retails Home Depot Inc. (HD) and Lowe's Companies, Inc. (LOW) have moved notably lower during trading on Wednesday, slumping by 4.3 percent and 3.4 percent, respectively.

After gapping open sharply higher, shares of Netflix, Inc. (NFLX) have given back some ground but remain firmly positive in late-day trading on Wednesday.

Shares of Fresenius Medical Care (FMS) continue to see substantial weakness in afternoon trading on Wednesday after gapping open sharply lower.

French grocery retailer Carrefour Group (CRERF, CRRFY, 0NPH.L) Wednesday reported third-quarter sales including value added tax of 21.09 billion euros, down 2.8%. Sales were up 2.7 percent at constant exchange rates from last year. On a like-for-like basis, excluding petrol, sales increased 2.1 percent. The...

After falling sharply early in the session, shares of Teva Pharmaceutical Industries Ltd. (TEVA) continue to see significant weakness in afternoon trading on Wednesday.

Google's video streaming service YouTube experienced a major outage across the world as thousands of users were unable to access the service. Users across the world complained that the video service's sites and mobile apps were down around 9:20PM ET. YouTube acknowledged the outage in a tweet....

Tesla Inc. (TSLA) CEO Elon Musk plans to buy $20 million of the luxury electric car company's stock, according to a filing with the Securities and Exchange Commission. "Separate and apart from the settlement, Elon has notified Tesla that he intends to purchase from Tesla, and Tesla expects that it...

tesla-china-101718.jpg Tesla Inc. has acquired an 864,885-square meter plot in Shanghai's Lingang area for its new factory in China, the world's largest market for electric vehicles, according to media reports. The new factory will be the electric car maker's first Gigafactory outside the U.S. In July, Tesla confirmed it has signed a deal with the Shanghai Municipal Government to start building Gigafactory 3.

Accenture (ACN) announced it has acquired TargetST8 Consulting, a privately held financial services consulting firm specializing in corporate and commercial lending, with offices in New York. Accenture said the addition will complement and enhance the company's commercial and corporate lending capabilities...

Follow RTT