Market News
Homebuilding, CalAtlantic merger boost Lennar’s Q3 results
Real estate firm Lennar Corp. (LEN) reported an increase in third-quarter earnings as strong homebuilding operations and contributions from the…
Landec Q1 profit dips 91%, yet tops estimates
Landec Corporation (LNDC) reported a 91% dip in earnings for the first quarter due to higher labor, packaging and freight…
JCPenney appoints Jill Soltau as CEO
JCPenney (JCP) announced today that Jill Soltau will be the new CEO effective October 15, 2018. Solatu comes with more…
Renault unveils cheaper all-electric crossover
French automaker Renault has unveiled a new and cheaper all-electric crossover, the Renault K-ZE, as well as three autonomous electric…
Paychex results beat estimates in Q1
Payroll services company Paychex (PAYX) reported better-than-expected results during the first quarter, helped by solid growth in human capital management…
Pfizer’s long-time CEO Ian Read to hand over reins to Albert Bourla
There were announcements from two giant companies in different sectors about the change in their CEOs Monday morning; pharma giant…
Facebook faces a fine of $1.63 billion for recent security breach
Facebook (FB) faces the possibility of a $1.63-billion fine in the European Union over its most recent security breach that…
John Flannery steps down as GE names new CEO and Chairman
General Electric (GE) appointed Lawrence Culp, Jr., the current board member of GE, as its new Chairman and CEO,…
Tesla soars amid SEC settlement and production optimism
Tesla Inc. (TSLA) seems to be recovering fast from its Friday fall after the settlement with the SEC and changes…
Companies reporting earnings this week: Oct 1-5
A few major companies are reporting earnings this week. HR and payroll services provider Paychex Inc. (PAYX) is set…