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Market News

Boeing battles crisis after 737 Max planes grounded

The crisis has been mounting for Boeing (BA) as the aerospace giant has faced a ban of Boeing 737 Max…

Tesla promotes Zachary Kirkhorn as finance chief and Vaibhav Taneja as chief accounting officer

Tesla (TSLA) announced through an SEC filing that the company had appointed Zachary Kirkhorn as its Chief Financial Officer to succeed…

Rite Aid stock recovers after CEO exit, jobs cut

Rite Aid Corp. (RAD) stock has set its growing footprint on Wednesday as investors were satisfied with the top management…

Park Electrochemical Corp announces quarterly cash dividend

Aerospace materials maker Park Electrochemical Corp (PKE) declared a regular quarterly dividend of 10 cents a share on Wednesday. The…

MongoDB surpasses Q4 estimates on strong customer growth

MongoDB (MDB) tops Q4 bottom line and top-line estimates aided by the strong customer growth in the quarter. The company reported…

Spotify alleges antitrust behavior by Apple, seeks intervention of EU regulators

The ongoing rivalry between Spotify (SPOT) and Apple (AAPL) took a new turn this week after the Swedish music streaming…

Meritor names Carl Anderson as new Chief Financial Officer

Aftermarket auto parts maker Meritor (MTOR) on Wednesday announced that its Finance group VP Carl Anderson was appointed as the…

Aurora Cannabis appoints activist billionaire investor Nelson Peltz as strategic advisor

Aurora Cannabis (ACB) stock surged more than 10% in the pre-market trading as the company appointed activist investor Nelson Peltz…

Higher costs drag EVO Payments to Q4 loss; stock gains on revenue growth

EVO Payments Inc. (EVOP), a leading payment technology and services provider, reported a net loss for the fourth quarter of…

HSBC downgrade exposes chinks in Coca-Cola’s business strategy

Still struggling to recover from the impact of the selloff that followed last month’s quarterly report, shares of Coca-Cola (KO)…