Investor Alert



3:33 a.m. June 21, 2021 - By Ben Foldy
Lordstown Motors executives sold stock ahead of reporting results, and before troubles came to lightSeveral top executives at Lordstown Motors Corp. sold off chunks of stock in the electric-truck startup ahead of reporting financial results, according to regulatory filings disclosing the transactions.
4:09 a.m. June 2, 2021 - By Tomi Kilgore
CarMax to hold curbside hiring events next week to hire 1,800 employees this summerCarMax Inc. said Wednesday that it plans to hire 1,800 employees by the end of the summer. The auto buyer and seller said it will host curbside hiring events on June 10 from 10 a.m. to 3 p.m. "CarMax continues to grow and the need to produce more vehicles to keep up with anticipated consumer demand is great," said Tyrone Payton, vice president of regional service operations. The stock, which was still inactive in premarket trading, has rallied 23.5% year to date, while the S&P 500 has gained 11.9%.
6:52 a.m. May 18, 2021 - By Tomi Kilgore
Bank of America to boost minimum hour wage to $25 by 2025Bank of America Corp. said Tuesday that it will raise its minimum hourly wage for U.S. employees to $25 by 2025. The announcement comes a little over a year after the bank raised its U.S. minimum wage to $20 an hour. BofA also said it now requires that all of its U.S. vendors, of which there are more than 2,000 with 43,000 employees, must pay their employees at least $15 an hour. "A core tenet of responsible growth is our commitment to being a great place to work which means investing in the people who serve our clients," said Chief Human Resources Officer Sheri Bronstein. "That includes providing strong pay and competitive benefits to help them and their families, so that we continue to attract and retain the best talent." BofA's stock, which rose 0.2% in morning trading, has run up 86.7% over the past 12 months, while the SPDR Financial Select Sector ETF has rallied 71.4% over the past year and the S&P 500 has advanced 41.1%.
6:17 a.m. May 18, 2021 - By David Benoit
JPMorgan Chase puts CEO contenders in charge of consumer operation CFO Jennifer Piepszak and CEO of Consumer Lending Marianne Lake are succeeding COO Gordon Smith, who is retiring at year’s endJPMorgan Chase & Co. is putting two of the contenders to succeed Chief Executive Jamie Dimon in charge of its sprawling consumer-banking operation.
5:28 a.m. May 17, 2021 - By Tomi Kilgore
Murphy USA to hire 3,000 employees, will include $500 bonus and Premium Pay at some locationsMurphy USA Inc. said Monday that it is looking to hire 3,000 employees for its gas station and convenience store network. The company, which operates 1,650 stores, across the Southwest, Southeast, Midwest and Northeast U.S., said new hires in select at select locations will receive a $500 summer bonus if hired by May 31, to be paid out if they remain employed through Sept. 10. In addition, new hires at select locations will be offered "Premium Pay" of an extra $2 an hour through Sept. 10. The stock, which was still inactive in premarket trading, has rallied 13.3% over the past three months while the S&P 500 has gained 6.2%.
2:25 a.m. May 17, 2021 - By Sebastian Herrera
Amazon establishing programs to reduce worker injuries and improve health, wellness Online retailer rolls out safety videos, on-the-job stretching exercises and staff meditation zonesAmazon.com Inc. is establishing a program focused on improving the health and wellness of its hourly warehouse staffers, after years of criticism over worker safety at its depots and a pledge by Chief Executive Jeff Bezos to offer a better vision for employees.
5:13 a.m. May 13, 2021 - By Tomi Kilgore
Amazon hiring 75,000 people, at an average pay of more than $17 an hourAmazon.com Inc. said Thursday that it is hiring 75,000 people in the U.S. and Canada for work in its logistics and fulfillment network. The ecommerce and cloud giant said new hires will be paid an average of more than $17 an hour, and will receive sign-on bonuses of up to $1,000. The new hires will also receive an additional $100 if they show proof of COVID-19 vaccination. Amazon said its locations with the most job openings include Arizona, California, Colorado, Georgia, Illinois, Kentucky, Maryland, Minnesota, New Jersey, Pennsylvania, Tennessee, Washington and Wisconsin. The stock, which rose 1.2% in premarket trading, has slipped 3.2% year to date through Wednesday, while the Nasdaq Composite has edged up 1.1% and the S&P 500 has gained 8.2%.
12:44 p.m. April 26, 2021 - By Benjamin Mullin
NBC News chief pushes streaming and bets on post-Trump story lines Cesar Conde recruits big names for streaming services, centralizes oversight of networksSince taking over as chief of NBCUniversal News Group last year, Cesar Conde has made it clear he wants the division to place a bigger bet on streaming.
5:12 a.m. April 20, 2021 - By Tomi Kilgore
Boeing raises standard retirement age for CEO Calhoun to 70; CFO Smith to retireBoeing Co. said Tuesday it has raised its "age-65 standard retirement" for Chief Executive David Calhoun to age 70. Calhoun, who is 64, has been the aerospace and defense giant's CEO since January 2020. The mandatory retirement for Calhoun is now extended to April 1, 2028, but the company said there is no fixed term associated with Calhoun's employment. Separately, Boeing said Chief Financial Officer Gregory Smith has decided to retire, effective July 9, after more than 30 years with the company. Boeing is searching for Smith's successor. Boeing's stock, which fell 1.0% in premarket trading, has rallied 14.1% year to date through Monday, while the Dow Jones Industrial Average has gained 11.3%.
2:38 a.m. April 14, 2021 - By Tomi Kilgore
Jack in the Box 'separating' from Andrew Martin, its CIOJack in the Box Inc. disclosed Wednesday that it will be "separating" from Andrew Martin, who has been the fastfood chain's chief information officer since November 2016, effective May 7. The company did not provide details surrounding the separation. The company said Martin will receive severance benefits as noted in its severance plan for executive officers, as well as $16,325, which is the prorated cash equivalent of his unvested restricted stock units that would have vested in November and December. The stock, which is still inactive in premarket trading, has rallied 15.8% over the past three months while the S&P 500 has gained 9.1%.
5:32 a.m. April 8, 2021 - By Tomi Kilgore
IHOP looks to reach goal of 10,000 new hires in coming months ahead of 'restaurant renaissance'Dine Brands Global Inc.'s International House of Pancakes LLC, known as IHOP, said Thursday it is looking to reach its goal of 10,000 new employees in the coming months to meet demand from a expected "restaurant renaissance." The new hires will be in a variety of part- and full-time jobs across the more than 1,600 IHOP restaurants in 50 U.S. states. The company said it will host a "National Recruiting Day" on May 19. "With the country reopening and states lifting mandates, we see a restaurant renaissance on the horizon, and ensuring our restaurants are staffed and equipped is one of our top priorities," said IHOP President Jay Johns. Dine Brands stock, which rose 0.2% in morning trading, has climbed 56.1% year to date, while the S&P 500 has tacked on 8.9%.
3:22 a.m. April 8, 2021 - By Tomi Kilgore
GameStop stock rallies after plans to name Ryan Cohen as chairmanShares of GameStop Corp. rallied 3.3% in premarket trading Thursday, putting them on track to snap a three-day losing streak, after the videogame and consumer electronics retailer said it plans to name Ryan Cohen as chairman of the board. Kathy Vrabeck is currently board chair. The company said it will name Cohen chairman after the annual meeting of shareholders scheduled for June 9. Chewy Inc. co-founder Cohen, who is also manager of activist investor RC Ventures, was , and formed last month to identify ways to accelerate GameStop's transformation. The , which had lost 7.0% over the past three sessions, has rocketed 844.6% year to date through Wednesday, while the S&P 500 has gained 8.6%.
4:32 a.m. April 7, 2021 - By Tomi Kilgore
Anthem to provide employees with an incentive to be fully vaccinated against COVID-19Anthem Inc. said Wednesday it will provide an incentive to any of its employees who are fully vaccinated against COVID-19. The health insurer said the incentive will be in the form of a one-time credit toward medical premiums or a donation to the Anthem Cares Fund that helps support fellow employees in need, at the employees choice. "Anthem is committed to empowering our associates to live a healthy lifestyle, therefore it was important that we provided an incentive to those who receive the COVID-19 vaccination. I am impressed and grateful for everything our associates have done and continue to do for the customers and communities we serve," said Chief Human Resources Officer Leah Stark. There are currently three COVID-19 vaccines that have been granted emergency use authorization by the Food and Drug Administration, two-dose vaccines from Pfizer Inc. and partner BioNTech SE and Moderna Inc. , and Johnson & Johnson's one-dose vaccine. Anthem's stock, which was indicated down 0.4% in premarket trading, has rallied 9.7% year to date while the S&P 500 has gained 8.5%. (This replaces an earlier item that removes the dollar amount of the incentive provided by the company, after the company said the amount noted in a previous release resulted from a "publishing mistake.")
4:18 a.m. April 5, 2021 - By Tomi Kilgore
Icahn Enterprises CEO Keith Cozza leaves after 7 years in the role, to be succeeded by former GE CIOBillionaire investor Carl Icahn's namesake holding company Icahn Enterprises L.P. said Chief Executive Keith Cozza was leaving after running the company for the past seven years, saying he was pursuing other opportunities as he was "unable to move Florida." Chief Financial Officer SungHwan Cho was also leaving, after nine years as CFO, for similar reasons. Icahn also announced, "in connection with the continuing consolidation of all operations into the Florida office," the hiring of Aris Kekedjian as its new CEO. Kekedjian was formerly General Electric Co.'s chief investment officer. The Wall Street Journal that Kekedjian would be named CEO. Separately, Icahn said short positions in index funds were "significantly reduced" at the beginning of the year. Icahn Enterprises' stock, which rose 1.0% in premarket trading, has advanced 21.5% over the past 12 months through Thursday, while the S&P 500 has rallied 61.5%.
3:25 a.m. March 22, 2021 - By Ciara Linnane
Apollo's Leon Black steps down as ex-SEC head Jay Clayton becomes non-exec chairApollo Global Management Inc. said Monday that co-Founder Marc Rowan has assumed the role of chief executive, replacing co-Founder Leon Black who is stepping down as part of the succession plan first announced in January. Black said he would surrender the role before his 70th birthday on July 31. The private-equity firm said Jay Clayton, former chairman of the Securities and Exchange Commission, will become non-executive chair of the board. Richard Emerson, current president of Pendral Capital, and Dr. Kerry Murphy Healey, inaugural president of the Milken Center for Advancing the American Dream in Washington, DC, will become independent board members with immediate effect. "In the last few months, not only did we announce a transformative merger with Athene, but also expect to report that our first quarter earnings will exceed analyst consensus in all relevant measures and that the first quarter fundraising is trending towards the high end of our $15-20b annual range," Black said in a statement. "I thus view this as the ideal moment to step back and focus on my family, my wife Debra's and my health issues, and my many other interests." Black first said he would step down in January, after an independent review revealed larger-than-expected payments -- $158 million in all -- to disgraced financier Jeffrey Epstein that it nevertheless deemed justified, Black "believed, and witnesses generally agreed, that Epstein provided advice that conferred more than $1 billion and as much as $2 billion or more" in tax savings, the report stated. Apollo shares were down 0.2% premarket, but have gained 76% in the last 12 months, while the S&P 500 has gained 70%.
3:12 a.m. March 18, 2021 - By Tomi Kilgore
Accenture stock rises after earnings beat, raised outlook and one-time bonus announcementShares of Accenture PLC rose 1.0% in premarket trading Thursday, after the management consultant reported better-than-expected fiscal second-quarter results, raised its full-year outlook, increased what it will return to shareholders and announced a bonus for employees. Net income rose to $1.44 billion, or $2.23 a share, from $1.24 billion, or $1.91 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to $2.03, above the FactSet consensus of $1.89. Revenue rose 8.5% to $12.09 billion, beating the FactSet consensus of $11.80 billion, as new bookings jumped 13% to $16.0 billion. For fiscal 2021, the company raised its adjusted EPS guidance range to $8.32 to $8.50 from $8.02 to $8.25 and its revenue growth outlook to 6.5% to 8.5% from 4% to 6%. Accenture said it now expects to return $5.8 billion to shareholders, through stock repurchases and dividends, up from a previous estimate of $5.3 billion. Separately, the company said it will pay a one-time bonus equal to one week of base pay to employees below the level of managing director. The stock has slipped 0.7% over the past three months through Wednesday, while the S&P 500 has gained 7.1%.
4:28 a.m. March 12, 2021 - By Tomi Kilgore
Cedar Fair to hire 45,000 seasonal employees, targets reopening of all its amusement parksCedar Fair L.P. said Friday that it plans to hire 45,000 seasonal employees this year, with a goal to reopen all of its amusement parks. The company said it will host a national hiring event virtually on March 13. Cedar Fair Chief Operating Officer Tim Fisher said the company was poised to resume "normal" operations. The stock rose 2.3% in premarket trading. "We are optimistic that attendance levels at our parks and resort properties will significantly improve in 2021, particularly as COVID-19 vaccines become more broadly available," Fisher said. "We have a loyal season pass base of 1.8 million passes outstanding, and customer surveys show a strong intent to visit amusement parks this year." Cedar Fun shares, which a year ago were plunging toward decade low of $13.45 on March 18, after the pandemic was declared on March 11, have soared 137.3% over the past 12 months through Thursday, while the S&P 500 has gained 58.8%.
5:13 a.m. March 11, 2021 - By Tomi Kilgore
Zillow's stock jumps after plans to hire more than 2,000 employees following 'historic' year for real estateShares of Zillow Group Inc. rose 4.7% in premarket trading Thursday, after the real estate information and transaction website said it plans to hire more than 2,000 employees this year, in response to a year of "impressive growth" and a "historic" year for the real estate industry. That would increase Zillow's workforce by about 40%, as the company recently disclosed that it had 5,504 full-time employees as of Dec. 31. Zillow said most of the new or coming roles in technology, mortgage and loans and product and software development will be categorized as "remote and hybrid positions," and will be open for applicants across the country. Zillow's more-active Class C shares have soared 254.2% over the past 12 months, while the S&P 500 has gained 42.2%.
4:20 a.m. March 8, 2021 - By Tomi Kilgore
GameStop stock surges after tapping Chewy co-founder Ryan Cohen to chair new strategy committeeShares of GameStop Corp. ran up 10.7% in premarket trading Monday, putting them on track to push , after the company said it established a new strategy committee to identify ways to accelerate its transformation. The committee will be chaired by , manager of RC Ventures LLC and co-founder of Chewy Inc. , and will also include Alan Attal and Kurt Wolf. Since the committee was formed, the company has appointed a chief technology officer and hired two executives to lead its e-commerce and customer care functions. GameStop stock has run up 239.3% over the past two weeks, which followed a three-week plunge of 87.5%. That selloff followed a historic surge to a record close of $347.51 on Jan. 27, as the poster child of trading frenzy engineered by Reddit's WallStreetBets forum that targeted heavily shorted stocks. GameStop's stock has hiked up 713.1% over the past three months through Friday, while the S&P 500 has tacked on 3.8%.
3:26 a.m. March 4, 2021 - By Tomi Kilgore
Dow to freeze benefit accruals of U.S. pension plan, make $1 billion contribution to improve funded statusDow Inc. disclosed Thursday that it plans to make a $1 billion voluntary contribution to its U.S. pension plan by the end of this month, as it looks to improve the funded status of its retirement programs. The materials science and chemicals company also said it was freezing pension benefit accruals, effective Dec. 31, 2023, which will reduce benefit obligations by $350 million to $375 million. As a result of the voluntary contribution, the annual benefit cost component of the U.S. pension plan is expected to decrease by $140 million to $160 million this year. "The U.S. Plans will be amended to freeze the pensionable compensation and credited service amounts used to calculate pension benefits for active employees who are active participants on the Effective Date," Dow stated. "As a result, as of the Effective Date and subject to any bargaining obligations required by law, active employees who participate in the U.S. Plans will not accrue additional benefits for future service and compensation under the U.S. Plans and will begin to receive automatic contributions to the Savings Plans equivalent to 4 percent of their eligible compensation, starting on January 1, 2024." Dow's stock, which was still inactive in premarket trading, has rallied 48.5% over the past 12 months, while the Dow Jones Industrial Average has advanced 15.4%.
5:25 a.m. March 3, 2021 - By Tomi Kilgore
CarMax to pay bonuses to more than 80% of its employee for efforts during 'challenging year'CarMax Inc. said Wednesday it will pay bonuses of up to $500 to 22,000 employees, or more than 80% of its workforce, to recognize their efforts "in the midst of a challenging year." The used car retailer's stock slipped 0.1% in premarket trading. The company said full-time employees will receive $500 bonuses and eligible part-time employees will receive $250 bonuses. Eligible employees hired after March 1, 2020 will receive prorated bonuses, while remaining employees are eligible for other bonus plans. "No one could have forecasted the challenges that we all faced this year," said Chief Executive Bill Nash. "Our associates have worked tirelessly to take care of each other and our customers, and this reward is in appreciation of their efforts." The stock has rallied 25.7% over the past three months through Tuesday, while the S&P 500 has gained 5.6%.
5:44 a.m. Feb. 25, 2021 - By Tomi Kilgore
Kay Jewelers, Zales parent Signet Jewelers lifts minimum wage to $15 an hourSignet Jewelers Ltd. , which retail brands include Kay Jewelers, Zales and Jared, said Thursday it was raising its minimum wage for all U.S. employees to $15 an hour, with the new wages fully rolled out by the spring of 2022. The new wages will cover all full-time and part-time employees, and for all new roles such as virtual jewelry consultants. "As we enter the next phase of our Path to Brilliance, we do so with the firm belief that businesses that prioritize their team will deliver better results by unlocking even more innovation," said Chief Executive Gina Drosos. The jewelry retailer's stock 3.3% in morning trading to the highest price seen during regular-session hours since December 2018. It has soared 62.7% over the past three months, while the S&P 500 has gained 8.1%.
2:56 a.m. Feb. 24, 2021 - By Tomi Kilgore
Bausch Health stock surges toward 5-year high after agreement with activist investor Carl IcahnShares of Bausch Health Companies Inc. surged 2.9% toward a five-year high in premarket trading Wednesday, after the pharmaceuticals and medical devices company said it reached an agreement with billionaire activist investor Carl Icahn, and will add two of his nominees to its board of directors. The . The company said it will appoint Brett Icahn and Steven Miller, portfolio managers at Icahn Capital LP, to its board as new independent directors. "Our new colleagues bring a wealth of transaction experience to our Board, which will serve us well as we continue to execute on our strategic priorities, including our previously announced intention to spin off our leading eye health business," said Bausch Health Chief Executive Joseph Papa. The stock, on track to open at the highest price seen during regular-session hours since May 2016, has run up 64.1% over the past three months through Tuesday, while the S&P 500 has gained 6.8%.
8:58 a.m. Feb. 22, 2021 - By Tomi Kilgore
Kohl's rejects activist investor group's move to seize board control, stock soars toward 15-month highKohl's Corp. responded to a letter published earlier Monday by an activist investor group, in which the group nominated a controlling slate of nine board members, with the retailer saying it rejects the group's attempt to seize control of the company. The stock shot up 7.9% in midday trading toward the highest close since November 2019. The investor group, which consists of Macellum Advisors GP LLC, Legion Parthers Holdings LLC, Ancora Advisors LLC and 4010 Capital LLC beneficially own a combined 14.95 million Kohl's shares, or about 9.5% of the shares outstanding. The group said "poor retail execution" by Kohl's has led to stagnant sales and declining margins, while the "long-tenured board with insufficient retail experience" lack any material ownership in the company and is an "impediment" to serving shareholders. The group said that it's board nominations could help generate more than $10 in earnings per share per year. But Kohl's said the group's proposal would disrupt momentum, "especially considering we are well underway in implementing a strong growth strategy and accelerating our performance," and have already refreshed half its board over the past five years. Kohl's stock has rallied 27.6% over the past 12 months, while the SPDR S&P Retail ETF has soared 74.3% and the S&P 500 has gained 16.6%.
3:13 a.m. Feb. 19, 2021 - By Tomi Kilgore
Six Flags is hiring 'thousands' as it prepares to open all of its parks in 2021Six Flags Entertainment Corp. said Friday it was preparing to open all of its parks for the 2021 season, although the reopening dates are subject to change based on local and federal guidelines related to the COVID-19 pandemic. In 2020, the theme park operator said 21 of its 26 parks had opened. The company said it is currently hiring "thousands" of employees for the 2021 season, and is working with government officials to set firm opening dates for its parks in California, Illinois, Massachusetts, Mexico City and Canada. The stock, which was still inactive in premarket trading, has rallied 36.2% over the past three months and has gained 5.3% over the past 12 months. In comparison, the S&P 500 has advanced 15.6% in the past year.
5:36 a.m. Jan. 19, 2021 - By Tomi Kilgore
FedEx to cut up to 6,300 jobs in Europe, pay up to $575 million in severanceShares of FedEx Corp. after the package delivery company said it will cut between 5,500 and 6,300 jobs in Europe as it nears the completion of the network integration of TNT Express. FedEx's stock rose 1.4% in morning trading. The cuts will be across operational teams and back-office functions. FedEx expects to pay severance in the range of $300 million to $575 million in cash as a result of the job cuts, which charged expected to be incurred through fiscal 2023. Annualized savings from the cuts are expected to be between $275 million and $350 million, starting in fiscal 2024. FedEx's stock has dropped 9.2% over the past three months, while the Dow Jones Transportation Average has advanced 11.6% and the Dow Jones Industrial Average has gained 10.0%.
6:11 a.m. Jan. 13, 2021 - By Tomi Kilgore
VMware starts search for a new CEO, stock fallsVMware Inc. said Wednesday that it has initiated a global search for a new chief executive officer, in the wake of on Feb. 12 to be come chip maker Intel Corp.'s CEO. Gelsinger has served as the enterprise cloud company's CEO since September 2012. Shares of VMware dropped 5.6% in morning trading. Since the end of September 2012 through Tuesday, VMware shares had rallied 47.7%, while the SPDR S&P Software & Services ETF had rocketed 382.2% and the S&P 500 had soared 163.8%.
5:32 a.m. Jan. 13, 2021 - By Tomi Kilgore
Dropbox stock drops after plan to cut 11% of the workforceShares of Dropbox Inc. sank 4.1% in morning trading Wednesday, after the collaboration platform company said it will cut 315 jobs, or about 11% of its global workforce. The company said the cuts comes as its Virtual First policy requires fewer resources to support an in-office environment, and will lead to a "more efficient and nimble" company. The companies said North America employees who are laid off will be eligible for up to three months of pay, and all employees will be eligible for up to six months of health services. Separately, the company said Chief Operating Officer Olivia Nottebohm will step down, effective after Feb. 5. The stock has advanced 11.3% over the past three months, while the S&P 500 has gained 8.3%.
4:35 a.m. Jan. 11, 2021 - By Tomi Kilgore
GameStop's stock shoots up after reaching agreement with activist investorShares of GameStop Corp. shot up 10.2% in premarket trading Monday, after the video game retailer announced an agreement with activist investor RC Ventures LLC that includes immediately adding three members to its board of directors. One of the new board members is Ryan Cohen, who is the manager of RC Ventures, which is GameStop's second largest shareholder with 13.8% of the shares outstanding, according to FactSet data. Cohen was also founded and was previously the chief executive officer of Chewy Inc. . "We appreciate the constructive dialogue we have had with Ryan over the past several months," said GameStop Chief Executive George Sherman. "Together, we have reached an outcome that is in the best interest of all stockholders and can enable GameStop to accelerate efforts to deliver enhanced value for the company." Separately, GameStop said same-store sales for the 9-week holiday sales period ended Jan. 2 rose 4.8% from a year ago. Net sales for the period fell 3.1% to $1.77 billion, as strong demand for gaming consoles was offset by store closures, while e-commerce sales soared 309% to represent about 34% of total sales. The stock has soared 47.2% over the past three months through Friday, while the S&P 500 has gained 10.0%.
10:23 a.m. Dec. 17, 2020 - By Jennifer Maloney
Coca-Cola to cut 2,200 jobs Beverage giant’s restructuring will reduce U.S. staff by about 12%Coca-Cola Co. said it is cutting 2,200 jobs globally, including 1,200 in the U.S., as the coronavirus pandemic accelerates the soda giant’s restructuring efforts.
4:18 a.m. Dec. 15, 2020 - By Tomi Kilgore
OncoCyte's stock soars after licensing deal with China-based company, days after insiders acquired sharesShares of OncoCyte Corp. rocketed 63% on very heavy volume in premarket trading Tuesday, after the molecular diagnostics company announced overnight that it entered into an exclusive licensing agreement with China-based Burning Rock Biotech Ltd. to bring OncoCyte's DetermaRX test for early-stage lung cancer patients to China. Trading volume spiked to 8.3 million shares, compared with the full-day average of about 419,500 shares. "This agreement with Burning Rock accelerates the ongoing expansion of our DetermaRx test to patients and physicians outside the U.S., and exemplifies our global growth strategy," said OncoCyte Chief Executive Ron Andrews. The news and stock's rally comes as several OncoCyte executives and directors disclosed that they acquired shares on Dec. 11, as "repayment of deferred compensation in lieu of cash at a price of $2.07 per share," which was 2.4% below Monday's closing price. The stock has lost 5.8% year to date through Monday, while the S&P 500 has gained 12.9%.
9:22 a.m. Dec. 14, 2020 - By Tomi Kilgore
DoorDash partners with Payfare to offer business Visa cards to delivery driversDoorDash Inc. said Monday that it has partnered with Payfare to provide the DasherDirect platform, which offers a business prepaid Visa card to delivery drivers. The DasherDirect card, which will be issued by Stride Bank, will automatically receive the delivery driver's earnings at no cost. The cards can be used at ATMs and drivers can earnings 2% cash back on fuel. The stock, which with an opening trade that was 78.4% above its initial public offering price, fell 11.4% in afternoon trading Monday, and has now shed 18.1% since it closed at $189.51 last Wednesday. Over the same time, the S&P 500 has gained 0.1%.
2:18 a.m. Dec. 7, 2020 - By Quentin Fottrell
Joe Biden’s pandemic plan: Restore Obamacare, mandatory masks, paid sick leave and free COVID-19 tests The President-elect said: ‘Dealing with the coronavirus pandemic is one of the most important battles our administration will face’The President-elect said: ‘Dealing with the coronavirus pandemic is one of the most important battles our administration will face.’
5:28 a.m. Dec. 3, 2020 - By Tomi Kilgore
Walmart to pay out an additional $700 million in bonuses to U.S. employeesWalmart Inc. said Thursday it will pay out more than $700 million in additional cash bonuses to its U.S. employees, to mark the fourth special bonus paid since the start of the COVID-19 pandemic. The payout includes $319 million in quarterly bonuses paid in employees' paychecks on Nov. 25, following "strong third-quarter business performance," and about $388 million in "special" bonuses to paid Dec. 24 "in recognition of associates' sustained commitment to customers during the pandemic." That brings the total quarterly and special bonuses paid out during the pandemic to $2.8 billion. "As we come to a close on this historic year, I'm filled with gratitude for how our associates have led through one of the most trying periods for our company and country," said Walmart U.S. Chief Executive John Furner. The stock, which rose 0.1% in premarket trading, has run up 26.7% year to date through Wednesday, while the SPDR Consumer Staples Select Sector ETF has gained 6.3% and the Dow Jones Industrial Average has tacked on 4.7%.
12:48 p.m. Dec. 1, 2020 - By M. Rashed Hasan
Look for the government to force boards to diversify if companies won’t Corporate boardrooms must reflect America by including more women and people of colorCorporate boardrooms must reflect America by including more women and people of color.
3:37 p.m. Nov. 25, 2020 - By Jack Denton
Goldman Sachs is launching a new trading platform as an insurance policy. Here’s why.Goldman Sachs is being forced to open a new stock trading hub in Paris, due to uncertainty surrounding Brexit and London’s future as a European stock trading center.
12:02 p.m. Nov. 24, 2020 - By Nicole Lyn Pesce
‘That’s why I f— with Netflix’: Dave Chappelle convinced the streaming giant to remove ‘Chappelle’s Show’ while he’s not getting paid for it Comedian Chappelle calls out ViacomCBS and its shareholders for licensing his hit Comedy Central show without giving him a cutChappelle calls out ViacomCBS and its shareholders for licensing his hit Comedy Central show without giving him a cut
8:52 a.m. Nov. 24, 2020 - By Dieter Waizenegger
How Uber, Lyft and other gig companies won an election but still could lose the vote Big shareholders are pushing investment in gig workers’ well-being to boost corporate profits and stock gainsBig shareholders are pushing investment in gig workers’ well-being to boost corporate profits and stock gains.
4:58 a.m. Nov. 16, 2020 - By Quentin Fottrell
‘Help is coming — and it’s coming soon’: Dr. Fauci outlines when COVID-19 vaccine will be available to all Americans ‘When we get both of those things together — vaccine and public health measures — that would really be a game changer,’ says government’s top infectious-diseases expertInfectious disease expert Dr. Anthony Fauci said: ‘When we get both of those things together — vaccine and public health measures — that would really be a game changer.’
3:11 p.m. Nov. 12, 2020 - By David Sullivan
We might get back to normal even before a vaccine by using this century-old method to treat COVID-19 Blood-plasma therapy could be an effective way to treat people with coronavirus and prevent it from spreadingBlood plasma therapy could be an effective way to treat people with coronavirus and prevent it from spreading.
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