Back to Topic List  
Company News

 Harley outlines strategy | Reaching new customers will be key, CEO tells shareholders
Milwaukee Journal Sentinel (Wisconsin), May 1, 2016 Sunday

 Harley-Davidson Inc. says it's stepped up marketing efforts, repurchased shares and introduced new motorcycles aimed at younger customers, following a tough 2015 when the Milwaukee-based company faced increased competition and had lower profits.
 Yahoo's Marissa Mayer gets $55 Million to leave
The Cincinnati Enquirer (Ohio), May 2, 2016 Monday

 Marissa Mayer, the CEO of embattled online news site Yahoo that is currently trying to sell itself, is entitled to severance benefits valued at $54.9million in case she is terminated without cause, according to a regulatory filing. It would also be triggered by a "change of control," which includes the sale of the company. The amount includes cash severance of $3million, $26,324 to continue her health benefits, $15,000 for outplacement, and - if that's enough - nearly $52million worth of...
 Halliburton to Call Off Merger Deal
The New York Times, May 2, 2016 Monday

 Halliburton and Baker Hughes, two big oil services providers, have decided to call off their $35 billion merger, a person briefed on the matter said on Sunday, after a long regulatory review that ended with the Justice Department seeking to block the deal.
 American Girl moves from dolls to construction toys
The Atlanta Journal-Constitution, May 1, 2016 Sunday

 American Girl, the brand known for dolls based on historic and contemporary girls, is taking a detour into construction. The company, a subsidiary of Mattel, Inc. announced recently that it will offer construction toys for girls age 8 and up.
 Yahoo CEO Mayer's $55 million severance package: Is that fair?; With declining revenues, Yahoo may soon see a leadership shakeup. CEO Marissa Mayer may be out of work, but with a reported $55 million 'golden parachute.'
The Christian Science Monitor, April 30, 2016 Saturday

 Yahoo's CEO has the most to lose if rumors of an impending sale come true, but she also has a lot to gain. The company's controversial chief executive, Marissa Mayer, could be out of a job if Yahoo is sold, but at a reported $55 million, her severance package is nothing to sneeze at. Yahoo's share value has tanked recently, with stock prices dropping 33 percent over the past year. Ms. Mayer hasn't stopped fighting yet, but the company has seen recent leadership changes that could presage a sale....
 Exxon reports lowest quarterly profit in more than a decade
The Indianapolis Star (Indiana), April 30, 2016 Saturday

 ExxonMobil, the world's largest non-state-owned oil company, saw steep revenue and profit declines in the first quarter but still beat Wall Street expectations. The Irving, Texas-based Exxon on Friday reported first-quarter earnings per share of 43 cents, compared with the 30 cents estimated by analysts polled by S&P Global Market Intelligence. That's down 63% from $1.17 per share last year.
 Amazon now No. 7 on list of top S&P 500 firms
The Indianapolis Star (Indiana), April 30, 2016 Saturday

 san francisco - Amazon is now the S&P 500's seventh-largest company, leapfrogging GE and Johnson & Johnson, as its stock surged on better-than-forecast earnings.
 Nissan to recall 3.5M cars for air bag sensor
Detroit Free Press (Michigan), April 30, 2016 Saturday

 Nissan said Friday it will recall 3.53 million vehicles worldwide to fix air bag sensors that could malfunction because they don't correctly classify a passenger.
 Perfumania profit drops more than 50% in quarter
Newsday (New York), April 30, 2016 Saturday

 Net income at Bellport-based Perfumania Holdings Inc. dropped by more than 50 percent for the quarter ended Jan. 30 as the seller of celebrity fragrances dealt with a decrease in same-store sales and a lower number of stores.
 EARNINGS; Equifax profit up 16%, partly on foreign sales
The Atlanta Journal-Constitution, April 30, 2016 Saturday

 Atlanta credit-tracking firm Equifax said its first-quarter profit jumped nearly 16 percent with the help of surging sales from its overseas and employment screening businesses.
 DELTA AIR LINES; Next Delta CEO's goal: Helm a 'fresh,' 'premium' airline
The Atlanta Journal-Constitution, April 30, 2016 Saturday

 As Ed Bastian prepares to take the controls of Atlanta-based Delta Air Lines as CEO on Monday, he said one focus is how to keep the 85-year old company's image "fresh." Bastian steps into big shoes as he succeeds Richard Anderson. As Delta's CEO for nine years, Anderson took the airline from financial recovery mode after a trip through bankruptcy to an industry powerhouse that is closely watched around the world. Bastian, who had been Delta's president, said he had a close partnership with...
 Yahoo Chief Is in Line for Payout If Ousted
The New York Times, April 30, 2016 Saturday

 SAN FRANCISCO -- Yahoo's chief executive, Marissa Mayer, will walk away with a $55 million severance package if the company's auction of its Internet operations culminates in a sale that ousts her from her job.
 Anheuser-Busch InBev Offers to Sell More SABMiller Assets in Europe
The New York Times, April 30, 2016 Saturday

 LONDON -- Anheuser-Busch InBev said on Friday that it had offered to sell the Central and Eastern European operations of SABMiller in order to win approval from European regulators for their more than $100 billion merger.
 Oil Prices Pinch Results at Chevron and Exxon
The New York Times, April 30, 2016 Saturday

 HOUSTON -- The two mightiest American oil companies don't look so mighty any more. With oil and natural gas prices at record lows and refining profit margins weakening, Exxon Mobil on Friday posted its smallest profit for any quarter since 1999, while Chevron reported a large first-quarter loss of $725 million, in contrast to a gain of $2.6 billion in the period a year earlier.   Weak results were expected, given that oil prices plunged to below $30 a barrel during the first quarter -- a...
 Tech and Health Results Push Markets Down
The New York Times, April 30, 2016 Saturday

 Stocks fell Friday as health care and technology companies continued to report weak first-quarter results, but late buying allowed them to avoid major losses. Stocks opened lower and fell further throughout the morning, extending a downturn from the day before. That followed a rout in European indexes.   Late in the day, bond prices rose again, sending yields lower and pushing investors to buy utility and phone company stocks.
 R.B.S. Losses Widen After Payment to British Government
The New York Times, April 30, 2016 Saturday

 LONDON -- The Royal Bank of Scotland said on Friday that its losses widened in the first quarter compared with a year earlier, after it made a payment of 1.19 billion pounds, or about $1.7 billion, to the British government to fulfill a condition of its bailout package.
 Whole Foods heads up West Coast with simpler, cheaper '365' concept
The Seattle Times, April 29, 2016 Friday

 365 by Whole Foods Market, the smaller, less-expensive little sibling of the organic-foods grocer, will be inching up the West Coast this summer. Its first location is scheduled to open May 25 in Los Angeles, with a second opening July 14 in Lake Oswego, Ore., the company said this week. The third, in Bellevue Square, is to open this fall, though no date has been set yet.
 Expedia's stock leaps in late trading
The Seattle Times, April 29, 2016 Friday

 Expedia's stock price rocketed nearly 14 percent in after-hours trading Thursday after it reported quarterly earnings that pleased investors. The Bellevue online travel company reported its revenue grew 39 percent to $1.9 billion, largely a result of the company's expanding portfolio of acquisitions. Expedia bought rival Orbitz last year and snagged HomeAway, an Airbnb competitor, in December.
 Amazon's earnings send stock to clouds; Shares rocket up more than 12% in after-hours trading
USA TODAY, April 29, 2016 Friday

 Amazon swung to a surprisingly strong profit in the first three months of the year, boosted by its fast-growing cloud business and strong North American e-commerce sales. Shares soared in after-hours trading Thursday, rallying 12.5% to $678.
 Abbott Labs agrees to buy St. Jude Medical for $25B; Deal would create a medical devices giant
USA TODAY, April 29, 2016 Friday

 Health care giant Abbott Laboratories has reached a deal to acquire medical device maker St.Jude Medical in a cash-and-stock deal valued at $25 billion. The companies revealed Thursday that they had agreed to a tie-up that would create a global medical devices giant with specialties such as cardiovascular, diabetes and vision.
 LAWSUIT; Wendy's sued over costs of stolen data;
The Columbus Dispatch (Ohio), April 29, 2016 Friday

 Wendy's data breach that began last fall has spawned a lawsuit seeking class-action status. A Pennsylvania credit union filed the suit in U.S. Federal Court on Monday, alleging that Wendy's failed to secure customer payment data and that banks have so far footed the bill to make consumers whole.
 Midland's Dow Chemical beats earnings expectations
Detroit Free Press (Michigan), April 29, 2016 Friday

 Midland-based Dow Chemical, in pursuit of a historic $130-billion merger with rival DuPont and subsequent breakup into three, spin-off companies, beat Wall Street expectations Thursday with reported first-quarter earnings.
 Ford's record profits show Wall Street way off mark
Detroit Free Press (Michigan), April 29, 2016 Friday

 Ford had a great first quarter by just about any measure imaginable, and its top executives went to great lengths Thursday to get the message across to Wall Street that its global performance will continue to improve even if U.S. industry sales have hit their peak. Ford CEO Mark Fields told Wall Street that the company's profits in 2016 will top its performance in 2015 because the automaker's sales, market share and profits are growing in several regions around the world - not just in the...
 Publix CEO retiring after 42 years of service
Sun-Sentinel (Fort Lauderdale), April 28, 2016 Thursday

 Publix CEO retiring after 42 years of service  By Miriam Valverde Staff writer Wednesday was Ed Crenshaw's last day on the job as CEO of the largest employee-owned grocery chain in the United States.  And everyone wanted a picture with him. Dozens of Publix employees cheered and applauded Crenshaw as he walked up to greet them at Calvary Chapel in Fort Lauderdale, where about 150 employees volunteered to unload trucks filled with canned tuna, peanut butter and other non-perishables destined...
 Yahoo, hedge fund strike deal
Sun-Sentinel (Fort Lauderdale), April 28, 2016 Thursday

 Yahoo, hedge fund strike deal Yahoo on Wednesday announced a deal that should end a tussle with a New York hedge fund that had threatened to unseat its entire board. Starboard Value has been a vocal critic of the tech giant, which has struggled to profit from its massive online audience. Last month, Starboard called for Yahoo's entire board of directors - including Marissa Mayer, Yahoo's CEO - to be replaced. The hedge fund submitted a slate of handpicked board members to stand for election...

Back to Topic List
Copyright © 2016 LexisNexis, a division of Reed Elsevier Inc. All Rights Reserved.  
Terms and Conditions   Privacy Policy