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The Latest Breaking News from Company

Read Why Needham Is Bullish On This Pet Care Retailer

Needham analyst Anna Andreeva upgraded Chewy Inc (NYSE:CHWY) to Buy from Hold with a price target of $55, implying a 44% upside. The analyst said the company had exceeded expectations in Q1 FY22 after missing consensus EBITDA for four quarters. Andreeva thinks the positive momentum continued in Q2 as the pet category was inelastic, with price increases sticking,…

Benzinga

Arcapita’s CEO: We Have Successfully Executed 100 Investment Transactions with a Total Value of $31 Billion

Atif Abdulmalik, Chief Executive Officer of Arcapita Group Holdings (Arcapita), a Sharia compliant global alternative investment firm, has set out Arcapita’s strategic transformation plan for the coming five years. The strategy aims to increase the size and volume of Arcapita’s transactions in the private equity and real estate sectors by…

Asharq Al-Awsat

Why Carnival Shares Are Surging Today

Carnival Corp (NYSE:CCL) (NYSE:CUK) reported second-quarter FY22 sales growth of 50% Q/Q to $2.4 billion, missing the consensus of $2.62 billion. The operating costs and expenses rose 132% to $3.9 billion. The operating loss narrowed to $(1.4) billion from $(1.6) billion a year earlier. Occupancy in the second quarter of 2022 was 69%…

Benzinga

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CarMax Q1 Earnings Top Estimates

CarMax Inc (NYSE:KMX) reported first-quarter FY23 sales growth of 21% year-on-year to $9.31 billion, beating the consensus of $9.12 billion. The company sold 427,257 units through combined retail and wholesale channels, a decrease of 5.5% Y/Y. KMX cited several macroeconomic factors that weighed on Q1 unit sales performance, including the lapping of stimulus…

Benzinga

Why Shares Of Grief Are Trading Higher

Greif, Inc. (NYSE: GEF) shares are trading higher after the company announced a $150 million share buyback program.

Benzinga

Kroger Boosts Dividend By 24%

Kroger Co (NYSE:KR) Board of Directors approved a dividend increase of 24% from $0.84 to $1.04 per year. The next quarterly dividend of $0.26 per share will be paid on September 1, 2022, to shareholders of record as of the close of business on August 15, 2022. Related: Kroger Q1 Earnings Top Estimates; Raises…

Benzinga

Gold Lion Announces Letter of Intent Respecting Battery Recycling Technologies

Vancouver, British Columbia / TheNewswire / June 23, 2022 – Gold Lion Resources Inc. ("Gold Lion" or the "Company") (((OTC:GLIOF) (FWB:2BC) announces that it has signed a binding letter of intent dated June 22, 2022 (the "LOI") with Sustainable Li-Ion Research Inc. ("SLIR") in respect of a proposed transaction (the…

Benzinga

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Casey's Unveils All-New BBQ Brisket Pizza

Casey's General Stores Inc (NASDAQ:CASY) has launched new BBQ Brisket pizza. Like all Casey's pizzas, the BBQ Brisket pizza features made-from-scratch dough. The summer pie is topped with barbeque sauce, mozzarella and cheddar cheese, hand-trimmed brisket pieces, jalapenos, and red onion, and then drizzled with creamy ranch. Available for a limited time,…

Benzinga

Interra Copper Announces Market Maker Engagement

June 17, 2022 – TheNewswire - Vancouver, BC – Interra Copper Corp. (CSE:IMCX) (OTC:IMIMF) (FRA:3MX) ("Interra" or the "Company") Interra is pleased to announce that effective immediately,

Benzinga

Kraft's Macaroni And Cheese Gets New Name & Look

Kraft Heinz Co (NASDAQ:KHC) said its famous comfort food, Kraft Macaroni and Cheese is being renamed Kraft Mac & Cheese. The new brand identity also includes an updated logo and noodle smile. The blue box will now feature just a single-color hue of blue. “We know that people aren't turning to comfort food…

Benzinga

FedEx Takes 150 Electric Vehicle Delivery From BrightDrop; More To Come

FedEx Corp (NYSE:FDX) has received its first 150 electric delivery vehicles from BrightDrop, the technology startup from General Motors Co (NYSE:GM) decarbonizing last-mile delivery. The move marks a crucial milestone for FedEx, which plans to transform its entire parcel pickup and delivery (PUD) fleet to all-electric, zero tailpipe emissions by 2040. "In just under…

Benzinga

Wheel Of Fortune Casino To Debut In New Jersey This Year: All You Need To Know

BetMGM has signed an agreement with Sony Group Corp's (NYSE:SONY) Sony Pictures Television and International Game Technology PLC (NYSE:IGT) to launch Wheel of Fortune Casino. Sports betting and iGaming operator BetMGM was born out of a partnership between MGM Resorts International (NYSE:MGM) and Entain Plc (OTC:GMVHY). The Wheel of Fortune Casino is set to become the first full brand-led online…

Benzinga

G2 Energy Corp. Announces CSE Approval of Change of Business and Commencement Date of Trading

Vancouver, B.C. - TheNewswire - June 13, 2022 - G2 Energy Corp. (CSE:GTOO), ((, (FWB:1NZ.F) (the "Company" or "G2") announces today that further to its news releases on December 6, 2021, December 24, 2022, March 22, 2022 and June 1, 2022, the Canadian Securities Exchange (the "CSE") has given its final…

Benzinga

BetMGM, Carnival To Offer Sports Betting On Ships

MGM Resorts International (NYSE:MGM) owned sports betting and gaming entertainment company BetMGM has partnered with Carnival Corp (NYSE:CCL) to provide retail and mobile sports betting and iGaming to cruise ship guests. Under the partnership, gaming will be available on more than 50 ships ported in the U.S., spanning Carnival Cruise Line, Holland America Line,…

Benzinga

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Daily Mirror

WWE board confirm investigation into alleged misconduct of CEO Vince McMahon

WWE supremo Vince McMahon has temporarily stood down from his responsibilities as company Chairman and CEO, being replaced by daughter Stephanie McMahon-Helmsley

Benzinga

United States Steel Stock Gains On Strong Q2 Outlook

United States Steel Corporation (NYSE:X) provides 2Q22 guidance; It expects adjusted EBITDA of ~$1.6 billion. The company expects adjusted net earnings per diluted share of $3.83 to $3.88, versus a consensus of $3.20. United Steels' balance sheet remains strong with an overfunded pension plan and no significant debt maturities until 2029. The…

Benzinga

Honda, Sony Join Forces For EVs - Read More For Details

Honda Motor Co Ltd (NYSE:HMC) and Sony Group Corp (NYSE:SONY) have signed a joint venture agreement to establish a new company to engage in the sale of high-value-added electric vehicles. Both Honda and Sony together will invest ¥10 billion in total. The investment ratio is 50% each. The name of the new company is Sony…

Benzinga

Walmart Hikes Pay For Pharmacy Technicians

Walmart Inc (NYSE:WMT) plans to raise the pay for Walmart and Sam’s Club pharmacy technicians to more than $20 an hour, effective this week. More than 36,000 pharmacy technicians are expected to be benefitted from the plan. The company had previously increased the wages for the technicians in August 2021. Also, Pharmacy technicians…

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Benzinga

Petco Eyes Small Towns & Rural Communities - Check Out The New Location

Petco Health And Wellness Company Inc (NASDAQ:WOOF) has launched a new community-driven test concept to serve the wellness needs of pets and farm animals in small towns and rural communities. The company will open its first location under the concept on June 17 in Floresville, Texas. Related: Here's Why Needham Is Bullish On This Pet…

Benzinga

More Trouble For Baby Formula Production As Thunderstorms, Flood, Hit Abbott's Troubled Michigan Plant

Just a few weeks after reopening its baby formula Sturgis, Michigan plant, Abbott Laboratories (NYSE:ABT) said it paused EleCare specialty baby formula production after recent thunderstorms flooded part of the facility. The company has informed the FDA and will conduct comprehensive testing with an independent third party to ensure the plant is safe to…

Benzinga

BlackRock Unveils Perpetual Infrastructure Strategy For Energy Transition, Security

BlackRock Inc (NYSE:BLK) will establish a perpetual infrastructure strategy to help companies transition to lower-carbon business models over time. Over half of the strategy will be allocated to Europe initially. BlackRock had initially planned 35% - 40% of its investments in Europe, Financial Times reported. The perpetual capital strategy will start with money in…

Benzinga

Cosmetics Maker Revlon Files For Bankruptcy

Cosmetics brand Revlon Inc (NYSE:REV) has filed for bankruptcy under Chapter 11 after facing heavy debt. It has filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. Related: Beauty Products Giant Revlon In Talks To File For Chapter 11 Bankruptcy: Report The filing will…

Bangkok Post

Coinbase to Lay Off 18% of Staff Amid Crypto Meltdown

Further waves of reckoning swept through the cryptocurrency industry on Tuesday, with exchange company Coinbase Global Inc. saying it would cut almost a fifth of its staff and crypto lender Celsius Network LLC hiring a law firm to examine restructuring options.

Benzinga

LEGO Builds New Factory In US - Check Out The Details

The Danish toy company, The LEGO Group, plans to invest more than $1 billion to build a new factory in Chesterfield County, Virginia. LEGO expects the 1.7 million square foot facility, once completed, to provide jobs to more than 1,760 people. CEO Niels B. Christiansen said, "This is an exciting step for the…

Benzinga

Hertz Announces New $2B Buyback: What Investors Need To Know

Shares of vehicle rental service company Hertz Global Holdings Inc (NASDAQ: HTZ) are moving higher Wednesday after the company announced a buyback.

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