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The U.S. Securities and Exchange Commission is investigating Tesla Inc. (TSLA) Chief Executive Officer Elon Musk on his late disclosure of his stake in Twitter Inc. (TWTR). According to a letter sent to Musk, which has been made public, the regulator has asked Musk why he did not file required paperwork...

Sanderson Farms, Inc. (SAFM) reported second-quarter net income of $321.2 million, or $14.39 per share, compared to $96.9 million, or $4.34 per share, prior year. The company said the increase in net income is primarily attributable to significantly higher average selling prices, partially offset by...

Hasbro, Inc. (HAS) said independent proxy advisory firm Glass, Lewis & Co. has recommended that the company's shareholders vote for all of Hasbro's Director Nominees in connection with the Annual Shareholders Meeting. Glass Lewis believes Alta Fox failed to make a sufficient case for change, the company...

The board of directors of home improvement company Lowe's Cos., Inc. (NYSE: LOW) has declared a 31 percent higher quarterly cash dividend of $1.05 per share, payable August 3, 2022, to shareholders of record as of July 20, 2022. Lowe's has paid a cash dividend every quarter since going public in...

Software company Synopsys, Inc. (SNPS) announced Friday that it has entered into an accelerated share repurchase agreement (ASR) with Wells Fargo Bank, NA to repurchase an aggregate of $200 million of Synopsys stock. Under the terms of the ASR, Synopsys will receive an aggregate initial share delivery...

Immersion Corp. (IMMR) has filed a complaint against Meta Platforms, Inc. in the United States District Court for the Western District of Texas alleging that Meta's augmented and virtual reality systems infringe six Immersion patents. These patents cover various uses of haptic effects in connection with...

Southwest Gas Holdings, Inc. (SWX) announced Friday Senior Vice President and Chief Financial Officer Gregory Peterson's intention to retire no later than October 2022, after over 26 years of service. The Company has initiated a search process to identify the Company's next CFO and has urged Peterson's...

Below are the earnings highlights for Pinduoduo Inc. (PDD): Earnings: $410.053 million in Q1 vs. -$443.454 million in the same period last year. EPS: $0.07 in Q1 vs. -$0.09 in the same period last year. Excluding items, Pinduoduo Inc. reported adjusted earnings of $662.603 million or $0.12...

Hibbett Inc. (HIBB) revealed a profit for first quarter that decreased from the same period last year and missed the Street estimates. The company's earnings totaled $39.347 million, or $2.89 per share. This compares with $84.766 million, or $5.00 per share, in last year's first quarter. Analysts...

National Bank of Canada (NA.TO) reported a profit for its second quarter that increased from last year The company's bottom line totaled C$894 million, or C$2.55 per share. This compares with C$801 million, or C$2.25 per share, in last year's second quarter. Excluding items, National Bank of Canada...

Amneal Pharmaceuticals, Inc. (AMRX) announced the FDA has approved the company's Biologics License Application for pegfilgrastim-pbbk, a biosimilar referencing Neulasta. The product will be marketed under the name FYLNETRA. FYLNETRA was developed in collaboration with Kashiv Biosciences. It is used...

Big Lots, Inc. (BIG) posted a first quarter net loss of $11.1 million, or $0.39 per share, compared to net income of $94.6 million, or $2.62 per share, prior year. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.93, for the quarter. Analysts'...

Below are the earnings highlights for Big Lots Inc. (BIG): Earnings: -$11.08 million in Q1 vs. $94.56 million in the same period last year. EPS: -$0.39 in Q1 vs. $2.62 in the same period last year. Analysts projected $0.93 per share Revenue: $1.37 billion in Q1 vs. $1.63 billion in the same period last year.

Stagecoach (SGC.L) said its subsidiary, Stagecoach Bus Holdings Limited, has entered into binding agreements to acquire Kelsian Group's east London bus operations and depot at Lea Interchange for total consideration of 20 million pounds. Upon completion, 10 million pounds will be payable, with a further...

Saint-Gobain (CODGF.PK), on Friday, said it entered into agreements for the sale of its glass processing businesses Eckelt Glas and Glas Ziegler in Austria to the privately-owned German group AEQUITA, as well as the sale of its holding in the co-venture Glaskontor Erfurt - a glass processing business...

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