Moody’s downgrades bank’s credit rating to junk
The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images New York Community Bank on Wednesday promoted its chairman to help stabilize the company’s operations, hours after Moody’s Investors Service downgraded the bank’s credit ratings two notches to junk. Shares dropped as much as […]
CVS Heath (CVS) Q4 2023 earnings
CVS Health on Wednesday reported fourth-quarter revenue and adjusted earnings that topped expectations, but the company cut its full-year profit outlook, citing higher medical costs that are dogging the broader insurance industry. The company lowered its 2024 adjusted earnings forecast to at least $8.30 per share, down from a previous guidance of at least $8.50 […]
U.S. stocks open higher as after another batch of corporate earnings
U.S. stock indexes were edging higher on Wednesday with bond markets calmer and investors eying more corporate-earnings reports ahead of another slate of Federal Reserve speakers. How stock indexes are trading The S&P 500 SPX was rising 23 points, or 0.5%, to 4,977 The Dow Jones Industrial Average DJIA was adding 132 points, or 0.3%, […]
Ford (F) Q4 2023 earnings
Ford CEO Jim Farley poses for a photo before announcing at a press conference that Ford Motor Company will be partnering with the world’s largest battery company, China-based Contemporary Amperex Technology, to create an electric vehicle battery plant in Marshall, Michigan, on Feb. 13, 2023, in Romulus, Michigan. Bill Pugliano | Getty Images DETROIT — […]
U.K. housebuilder Barratt Developments agrees to buy peer Redrow for $3.2 billion.
Barratt Developments BDEV, -7.83% has agreed to buy smaller housebuilder Redrow RDW, +12.33% for 2.52 billion pounds ($3.17 billion) in an all-share deal. Under the agreement accepting shareholders of FTSE 250 listed Redrow will get 1.44 new Barratt shares for each share held. The offer value is a 27% premium to Redrow’s closing price of […]
Chipotle Mexican Grill (CMG) Q4 2023 earnings
People visit a Chipotle restaurant in Miami on Feb. 9, 2022. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday posted quarterly earnings and revenue that beat analysts’ expectations as more customers visited its restaurants. Shares of the company rose more than 2% in extended trading. Here’s what the company reported compared with what […]
Moody’s cuts New York Community Bancorp’s credit rating to junk
Moody’s Investors Services downgraded New York Community Bancorp’s credit rating by two grades, to “junk,” late Tuesday. NYCB is facing “financial, risk-management and governance challenges,” Moody’s said, adding that it could downgrade the company’s rating even further if conditions deteriorate.
Ford reassessing EV plans, including vertical battery integration
A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022. Michael Nagle | Bloomberg | Getty Images DETROIT — Ford Motor is rethinking its electric vehicle strategies, including “reassessing” the need for vertical integration of batteries, CEO Jim Farley said Tuesday. […]
ESPN, Fox, Warner Bros. to launch joint sports streaming platform
A FOX Sports TV camera operator during the week 5 NFL game between the Atlanta Falcons and the Carolina Panthers at Mercedes-Benz Stadium on October 11, 2020 in Atlanta, Georgia. David J. Griffin | Icon Sportswire | Getty Images Walt Disney‘s ESPN, Fox and Warner Bros. Discovery plan to launch a joint sports streaming service […]
Disney, Fox and Warner Bros. team up to launch new sports streaming service
Walt Disney Co.’s ESPN, Fox Corp. and Warner Bros. Discovery Inc. are teaming to create a joint sports streaming service. The as-yet unnamed service, which could be available as early as the fall and offer a sort of Hulu model for sports, comes amid an explosion in sports-streaming rights and audiences. The service would essentially […]
