News Blog

Altria Boosts Its Dividend for the 55th Straight Year. Yield Is Now Nearly 8%

Altria the U.S. maker of Marlboro cigarettes, boosted its quarterly dividend by 4.1% to $1.02, marking the 55th straight year of dividend increases, the company said Thursday.

Why Workday’s stock reversed its dip and is now soaring after earnings

Shares bounce back after the company gives a new longer-term growth forecast

Cava earnings beat estimates as restaurant traffic climbs nearly 10%

Cava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-than-expected quarterly earnings and revenue.

Nestle CEO Schneider was ousted, paving way for veteran Freixe, sources say

 Nestle CEO Mark Schneider was ousted in a sudden move by the world’s biggest foodmaker as a result of the group’s underperformance, three sources familiar with the matter told Reuters on Friday.

JD Sports sales jump after strong growth in US

UK sportswear retailer’s quarterly results boosted by the opening of 85 stores this year

Ξεκινάει η συνεργασία Cosmote και Nova – Ανταλλαγή αθλητικού περιεχομένου για τρία χρόνια

«Σέντρα» κάνει σήμερα η συνεργασία των Cosmote TV και Νova για την ανταλλαγή αθλητικού περιεχομένου. Πρόκειται για μια συμφωνία τριετούς διάρκειας, στην οποία κατέληξαν οι δύο πάροχοι τον περασμένο Ιούλιο και είναι πρωτόγνωρη για την ελληνική αγορά. 

Διπλωματική «ασπίδα» των Βρυξελλών στη διασύνδεση Ελλάδας – Κύπρου – Επιστολή της Κομισιόν

Η Κομισιόν θα εξαντλήσει όλα τα διπλωματικά μέσα που διαθέτει, προκείμενου να προστατεύσει τη διασύνδεση Ελλάδας – Κύπρου από το γεωπολιτικό ρίσκο. Αυτό αναφέρεται σε επιστολή που απέστειλαν οι Βρυξέλλες σε όλα τα εμπλεκόμενα μέρη και με την οποία δηλώνουν ρητά πως το έργο θα υλοποιηθεί υπό τη διπλωματική «ασπίδα» της Ευρωπαϊκής Επιτροπής.

Μεγάλη αύξηση κερδοφορίας για την Παπαστράτος

Το εργοστάσιο της εταιρείας είναι ένα από τα τρία κύρια κέντρα αποκλειστικής παραγωγής θερμαινόμενων ράβδων καπνού της Philip Morris International στην Ευρώπη.

Bavarian Nordic shares pop over 13% on earnings beat, bumper mpox vaccine order

Shares of Danish biotech company Bavarian Nordic jumped 13% on Thursday after it reported stronger-than-expected earnings and announced a bumper vaccine order from an unnamed European country amid the ongoing mpox outbreak.

Eurozone PMI picks up in August amid Olympics boost

The composite PMI increased from 50.2 to 51.2 from July to August, mainly due to a jump in French services activity. The underlying data still looks weak enough for the ECB to seriously consider another rate cut in September

Snowflake raises annual product revenue forecast, increases share buyback amount

However, shares of the firm fell more than 7% in extended trading. D.A. Davidson analyst Gil Luria attributed the drop to the company not pairing the rise in revenue projections with a rise in margin forecast.

‘Several’ Fed officials were ready to cut interest rates in July, minutes show. A September cut is now teed up.

“Several” top Federal Reserve officials were ready to cut interest rates in July and most believed a reduction next month is justified in light of slowing inflation and a weakening jobs market, new documents show.

McDonald’s could create 24,000 jobs at new stores in UK and Ireland

McDonald’s has unveiled plans to open more than 200 new restaurants in the United Kingdom and Ireland, which it expects will create over 24,000 jobs.

Advance Auto Stock Skids. Earnings Miss Overshadows $1.5 Billion Sale of Worldpac.

Shares of Advance Auto Parts were tumbling as a tough quarterly report from the car-parts retailer outweighed the announcement of a $1.5 billion sale of a parts distribution business.

Deutsche Bank shares rise 3% after settlement of bulk of claims in long-running Postbank suit

In a Wednesday statement, Deutsche Bank said it had reached agreements with more than 80 plaintiffs for a settlement of 31 euros ($34.53) per share, as proposed by the bank. This will allow Germany’s largest lender to release the funds and boost Deutsche Bank’s anticipated third-quarter pretax profit by 430 million euros, it said.

Zoom Video Stock Is Up After Company Lifts Guidance. Here’s How It Plans to Grow.

Revenue growth has slowed for the pandemic prodigy Zoom Video Communications but the videoconferencing company grew cash flow smartly in its July quarter. And it forecast annual earnings that would exceed Wall Street’s consensus.

Urban Outfitters is departing from its ‘alternative sensibility’ to turn around namesake stores

Same-store sales rise in Q2 at Free People and Anthropologie, but sink 9.3% at Urban Outfitters locations

Peloton shares rise more than 10% as turnaround plan takes hold, losses shrink

Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses.

Wolfspeed stock rises on big boosts to revenue from EVs and AI

The stock rose 7% to $14.46 in after-hours traning Wednesday. Shares ended the regular session up 2.6% at $13.51, putting them down 69% since the beginning of the year.

Synopsys 3Q Revenue, Profit Rise Amid Race to AI

Synopsys posted slightly higher-than-expected revenue in its latest quarter as it benefits from companies racing to invest in artificial intelligence.