The Latest Breaking News from NYSE

CNBC's Final Trades: Alaska Air, ABB, Two Agricultural Stocks And A Chinese Internet Play

On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners named Alaska Air (NYSE: ALK) as his pick, saying that all airline companies had preannounced positively.

Benzinga · Mar 17, 2022

10 Biggest Price Target Changes For Thursday

Keybanc cut the price target on Darden Restaurants, Inc. (NYSE: DRI) from $170 to $160. Darden shares rose 0.1% to $129.69 in pre-market trading.

Benzinga · Mar 17, 2022

Lee, Wrangler Owner Kontoor Brands Appoints New Co-COOs

Kontoor Brands Inc (NYSE:KTB) has appointed Chris Waldeck and Tom Waldron as Co-Chief Operating Officers (COOs). Chris Waldeck will assume responsibility for Kontoor's international markets and Direct to Consumer (DTC) channels, in addition to his continued responsibilities as EVP and Global Brand President of Lee. Tom Waldron will handle the operational side of…

Benzinga · Mar 17, 2022

Commercial Metals: Q2 Earnings Insights

  Commercial Metals (NYSE:CMC) reported its Q2 earnings results on Thursday, March 17, 2022 at 06:45 AM. Here's what investors need to know about the announcement.

Benzinga · Mar 17, 2022

Hamilton Beach Brands Reveals US Launch Of Smart Sharps Bin System

Hamilton Beach Brands Holding Co (NYSE:HBB) reported the availability of Smart Sharps Bin from Hamilton Beach Health, powered by HealthBeacon, in the U.S. Smart Sharps Bin is an Injection Care Management System, developed by Hamilton and marketed and distributed by HealthBeacon. The management system will be available in the U.S. from a…

Benzinga · Mar 17, 2022

Jefferies Goes Bullish On Nokia

Jefferies analyst Janardan Menon initiated coverage of Nokia Oyj (NYSE:NOK) with a Buy rating and EUR 6 price target.  Menon sees 2022 as a strong year for telecom equipment makers citing lofty U.S. C-band deployments and improved 5G roll-outs in Europe. Also Read: Why Nokia Shares Are Rising Today Menon expects Nokia to benefit from…

Benzinga · Mar 17, 2022

Toyota Cuts April Production Target As Supply Chain Woes Continue

Toyota Motor Corp (NYSE:TM) said it plans to slash its vehicle production target in April by 150,000 units. The company's global production plan for April, including overseas production, is approximately 750,000 units. The auto maker's decision follows a semiconductor shortage amid disruptions caused by the COVID-19 pandemic. The global production plan average from…

Benzinga · Mar 17, 2022

FDA Clears AbbVie's Rinvoq For Moderate To Severe Active Ulcerative Colitis

The FDA approved AbbVie Inc's (NYSE:ABBV) Rinvoq (upadacitinib) for adults patients with moderately to severely active ulcerative colitis (UC) who have had an inadequate response or intolerance to tumor necrosis factor (TNF) blockers.  This FDA approval is the first indication for Rinvoq in gastroenterology and is supported by efficacy and safety data from…

Benzinga · Mar 17, 2022

Spotify Looks To Jump NFT Bandwagon After Failed Collaboration With Facebook

Spotify Technology SA (NYSE:SPOT) looked to add blockchain technology and non-fungible tokens to its streaming service, the Financial Times reports.  Spotify hired people to work on early-stage projects related to “Web3,” a tech buzzword for a blockchain-powered network.  Also Read: $17B Worth NFTs Traded In 2021, More Players Could Join After Visa, Nike…

Benzinga · Mar 17, 2022

Yum China Boosts Stock Buyback Program

Yum China Holdings Inc (NYSE:YUMC) Board of Directors has increased the company's share repurchase authorization by $1 billion to about $2.4 billion. The increase brings the total remaining authorization to approximately $1.4 billion. The company repurchased about 24 million shares of common stock for $971 million from 2017 to March 16, 2022. "From…

Benzinga · Mar 17, 2022