-- Zoom Video Communications (NASDAQ:ZM) has reported fourth-quarter results that beat Wall Street estimates thanks to solid demand for its products during a time of increased hybrid working habits. Shares in the video-conferencing software provider (NASDAQ:ZM), which also unveiled plans to buy back up to $1.5 billion of its Class A common stock, rose sharply in...
By Siddharth Cavale NEW YORK (Reuters) -Unionized workers at Kroger (NYSE:KR) and Albertsons (NYSE:ACI) supermarkets on Monday mostly celebrated the U.S. Federal Trade Commission\'s lawsuit to block the retail merger, citing the possibility of lower wages and higher prices at a combined grocery chain. The FTC sued to block Kroger\'s $24.6 billion deal to buy...
By Steve Holland WASHINGTON (Reuters) - Olivia Dalton, the White House principal deputy press secretary and a long-time aide to President Joe Biden, has told senior staff she plans to leave for a senior communications job at Apple (NASDAQ:AAPL.O), two sources told Reuters on Monday. Dalton is expected to leave the White House in mid-March,...
NEW YORK - American Homes 4 Rent (NYSE: NYSE:AMH) is set to join the S&P MidCap 400 index, replacing Physicians Realty Trust (NYSE: NYSE:DOC), as announced by S&P Dow Jones Indices. The change will take effect before the market opens on March 1, 2024. This move comes as Healthpeak Properties Inc. (NYSE: NYSE:PEAK), which is...
By Zaheer Kachwala (Reuters) -Zoom Video Communications on Monday posted better-than-expected quarterly results helped by strong demand for its expanding product portfolio as more employers embrace hybrid work models, sending its shares up about 10% in extended trading. Zoom (NASDAQ:ZM) also authorized a stock buyback of up to $1.5 billion of its outstanding Class A...
SHANGHAI, China - Everest Medicines and Kezar Life Sciences (NASDAQ:KZR), Inc. have received approval from the Center for Drug Evaluation (CDE) of China\'s National Medical Products Administration (NMPA) to initiate a Phase 2b clinical trial for zetomipzomib, a treatment for lupus nephritis (LN), in China. The trial, named PALIZADE, will assess the efficacy and safety...
(Reuters) -Online travel platform Expedia (NASDAQ:EXPE) said on Monday it was cutting about 1,500 jobs globally, or about 9% of its total workforce, as part of its \"organizational and technological transformation\". The restructuring comes after Expedia warned earlier this month that revenue would moderate in 2024 as air ticket prices drop and said CEO Peter...
PARSIPPANY, N.J. - B&G Foods, Inc. (NYSE: NYSE:BGS), a manufacturer and distributor of branded shelf-stable and frozen foods, has declared a regular quarterly cash dividend of $0.19 per share. The dividend is scheduled for disbursement on April 30, 2024, to shareholders on record as of March 28, 2024. The announcement, made today, marks the company\'s...
By Scott Murdoch and Clare Jim SYDNEY/HONG KONG (Reuters) - Global restructuring specialists Alvarez & Marsal and Houlihan Lokey (NYSE:HLI) have boosted headcount in Hong Kong as China\'s property crisis results in a surge in debt restructuring deals - making them a rare bright spot in hiring for the city\'s financial sector. China\'s property industry,...
By Dawn Chmielewski and Lisa Richwine (Reuters) - David Greenbaum has been named to the newly created role of president, overseeing Disney Live Action and 20th Century studios, reporting to Disney Entertainment co-Chairman Alan Bergman, Walt Disney (NYSE:DIS) Studios announced on Monday. He succeeds Sean Bailey, who oversaw Disney\'s live action films since 2010, and...