Otis Worldwide Corp. (OTIS) announced Friday the appointment of Cristina Mendez as Executive Vice President & Chief Financial Officer, reporting directly to Otis Chair, CEO and President, Judy Marks. Effective August 23, Mendez will succeed Anurag Maheshwari, who is pursuing an opportunity outside Otis. Mendez currently serves as Senior Vice President, Finance EMEA & Transformation,...
The China stock market on Wednesday wrote a finish to the four-day winning streak in which it had advanced more than 35 points or 1.2 percent. The Shanghai Composite Index now sits just above the 2,960-point plateau and the losses may accelerate on Thursday. The global forecast for the Asian markets suggests consolidation, especially among...
The Hong Kong stock market on Wednesday ended the two-day slide in which it had tumbled almost 550 points or 3 percent. The Hang Seng Index now rests just beneath the 17,740-point plateau although it\'s likely to turn lower again on Thursday. The global forecast for the Asian markets suggests consolidation, especially among the technology...
European stocks edged higher on Thursday ahead of the monetary policy announcement from the European Central Bank (ECB) later in the day. Markets expect the ECB to keep its key rates on hold after cutting the rates for the first time in five years in June. The main refinancing rate was lowered by 25 basis...
Shares of ABB Ltd. were losing around 6 percent in the morning trading in Switzerland after the Swiss engineering company on Thursday reported weak orders in its second quarter, even as profit and revenues were higher on solid demand. Looking ahead for the third quarter, the company projects sequentially higher growth rate in comparable revenues,...
Indian shares recovered from initial weakness to reach record high levels on Thursday, with information technology stocks leading the surge. The 30-share BSE Sensex ended the session up 627 points, or 0.78 percent, at 81,343, after having hit a record high of 81,522 in intraday trade. The broader NSE Nifty index ended up 188 points,...
Insteel Industries Inc. (IIIN) announced Thursday that net income for the third quarter declined to $6.57 million or $0.34 per share from $10.57 million or $0.54 per share in the prior-year quarter. Net sales for the quarter decreased 12.0 percent to $145.78 million from $165.71 million in the same quarter last year.
Li-Cycle Holdings Corp. (LICY), a lithium-ion battery resource recovery company, announced Thursday that it has appointed Craig Cunningham to the role of Chief Financial Officer (CFO), effective July 20, 2024. Cunningham has served as Li-Cycle\'s interim CFO since March 2024. Cunningham brings nearly two decades of experience in accounting, finance, operations and capital markets, along...
While reporting financial results for the second quarter on Thursday, Abbott Laboratories (ABT) provided earnings and adjusted earnings guidance for the third quarter and raised its outlook for the full-year 2024. For the third quarter, Abbott projects earnings in a range of $0.85 to $0.89 per share and adjusted earnings in a range of $1.18...
European stocks may open on a positive note Wednesday, tracking a widespread rally on Wall Street overnight. Asian markets traded mixed as investors awaited policy announcements from Beijing\'s key leadership meeting and weighed the chances of former President Donald Trump winning the U.S presidential election in November. Dow futures were little changed, a day after...