China’s Country Garden determined to have defaulted on a dollar bond, say media reports
Troubled Chinese property developer Country Garden Holdings Co. 2007, -2.82% has been declared in default on a dollar bond, missing a $15.4 million interest payment that was due following the expiration of a grace period, Bloomberg and other media outlets reported Wednesday. The report cited a notice to holders of trustee Citicorp International Ltd. that […]
IMAX earnings Q3 2023: Oppenheimer drives profit
Christopher Nolan’s “Oppenheimer” movie billboard is seen in Katowice, Poland, on July 20, 2023. Beata Zawrzel | Nurphoto | Getty Images IMAX on Wednesday posted third-quarter earnings showing its second highest-grossing quarter ever at the global box office, led by Universal’s “Oppenheimer.” Shares of the company slipped slightly. Here’s how the company performed in the […]
Boeing (BA) earnings Q3 2023
Boeing’s new 737 MAX-9 is pictured under construction at their production facility in Renton, Washington, U.S., Feb. 13, 2017. Jason Redmond/Reuters Boeing said Wednesday it will deliver fewer 737 Max aircraft than it expected this year as it works through production flaws detected on some of the best-selling aircraft. The company expects to hand over […]
Gap upgraded to overweight at Wells Fargo on cost controls and new management
Wells Fargo & Co. analyst Ike Boruchow upgraded Gap Inc. on Wednesday to overweight from equal weight and hiked the clothing retailer’s price target to $16 from $11 a share with a potential “turnaround story gaining traction.” The Gap’s stock GPS, +4.81% was up 2.7% in premarket trading on Wednesday. “The setup at GPS has […]
Spotify (SPOT) earnings Q3 2023
Spotify shares closed 10% higher on Tuesday after the company reported a surprise profit for the third quarter — its first quarterly profit in a year and a half — as price increases and cost-cutting measures took hold. The company’s stock has more than doubled so far this year, giving it a market value of […]
Louisiana Rep. Mike Johnson nominated for speaker by House Republicans
House Republicans on Tuesday night voted for Rep. Mike Johnson to become their latest nominee for speaker of the U.S. House of Representatives, with the Louisiana congressman’s selection capping a tumultuous day in which Rep. Tom Emmer was briefly the nominee. Johnson, vice chair of the House Republican Conference, picked up support in two rounds […]
Nikola NKLA Trevor Milton damages
Nikola’s founder and former CEO, Trevor Milton, was found guilty on three counts of fraud in October 2022. Massimo Pinca | Reuters Shares of electric truck maker Nikola traded higher Tuesday after the company said in a regulatory filing that its disgraced founder, Trevor Milton, has been ordered to pay the company about $165 million […]
My husband and I divorced. He sold our home. What can I do to get my fair share?
Dear Quentin, My husband and I were married for 17 years. We divorced 5 years ago. While we were married we had a home built, and we lived in the home until we separated. When we bought the house, we were advised to only put my husband’s name on the loan, because I had already […]
Anheuser-Busch and UFC strike partnership amid Bud Light slump
Bud Light, made by Anheuser-Busch, sits on a store shelf in Miami on July 27, 2023. Joe Raedle | Getty Images Anheuser-Busch InBev’s Bud Light will again become the official beer sponsor for the Ultimate Fighting Championship with a six-year marketing partnership, the companies announced Tuesday. The sponsorship deal is “well into the nine figures,” […]
Visa’s stock up 2% on earnings beat; card giant says consumers are ‘resilient’
Visa Inc.’s shares rose 2% in the extended session Tuesday after the company reported quarterly results that topped Wall Street views, saying consumer spending was “resilient.” The company posted fiscal fourth-quarter net income of $4.7 billion, or $2.27 a share, compared with $3.9 billion, or $1.86 a share, in the year-earlier period. Visa V, +1.35% […]
