TORONTO — Trian Partners co-founder and chief investment officer Ed Garden said Thursday that PPG Industries needs to replace its “struggling” management to reverse disappointing profit at the global coatings company. Garden told investors at a conference that current PPG CEO Michael McGarry should be replaced by former chief Chuck …
Read More »Monthly Archives: October 2018
Ford shares jump more than 8 percent on strong earnings
Jeff Kowalsky | AFP | Getty Images Jim Hackett, president and chief executive officer, Ford Motor stands outside the headquarters as they celebrate the production of the 10,000,000 Mustang on August 8, 2018 in Dearborn, Michigan. Ford shares were up more than 8 percent Thursday after the company delivered better-than-expected …
Read More »Anheuser-Busch shares crater as brewer cuts dividend in half
Andrew Harrer | Bloomberg | Getty Images An employee adjusts bottles of Bud Light brand beer at an Anheuser-Busch InBev NV facility in Williamsburg, Virginia, U.S., on Wednesday, Aug. 8, 2018. Shares of Anheuser-Busch plummeted more than 10 percent in premarket trading Thursday after the brewer cut its dividend in …
Read More »Euro hits session high after ECB’s Draghi predicts inflation pick up
DANIEL ROLAND | AFP | Getty Images Mario Draghi, President of the European Central Bank (ECB) arrives for a press conference following the meeting of the Governing Council in Frankfurt am Main, Germany, on September 13, 2018. The euro touched session highs after European Central Bank (ECB) President Mario Draghi …
Read More »Here’s what Wall Street analysts had to say about Tesla earnings
Mike Blake | Reuters A Tesla sales and service center is shown in Costa Mesa, California, U.S. June 28, 2018. Tesla shares popped after the electric vehicle automaker reported a surprise third-quarter profit on Wednesday. Tesla shares rose more than 10 percent in premarket trading as analysts put out bullish …
Read More »Amazon Q3 2018 earnings preview
Andrew Harrer | Bloomberg | Getty Images Jeff Bezos, founder and chief executive officer of Amazon.com Inc., laughs during a discussion at the Air Force Association’s Air, Space and Cyber Conference in National Harbor, Maryland, U.S., on Wednesday, Sept. 19, 2018. Amazon is expected to show another huge jump in …
Read More »Tesla Model 3 will come to the UK and Australia by mid-2019
Salwan Georges | The Washington Post | Getty Images Tesla’s Model 3 at the Tesla store in Washington, D.C. Tesla’s Model 3 sedans will be available in Britain and Australia by around mid-2019, Chief Executive Elon Musk said on Thursday. Musk made the announcement on Twitter, in response to queries …
Read More »Twitter Q3 2018 earnings
Jim Watson | AFP | Getty Images CEO of Twitter Jack Dorsey testifies before the Senate Intelligence Committee on Capitol Hill in Washington, DC, on September 5, 2018. (Photo by Jim WATSON / AFP) (Photo credit should read JIM WATSON/AFP/Getty Images) Twitter will report its third-quarter earnings before the bell …
Read More »UK watchdog fines Facebook $644,000 for failing to protect user data
Christophe Morin/IP3 | Getty Images News | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Facebook has been fined £500,000 ($644,600) in the U.K. …
Read More »Italy faceoff is not expected to derail the European Central Bank’s message to markets
Francois Lenoir | Reuters European Central Bank President Mario Draghi testifies before the European Parliament’s Economic and Monetary Affairs Committee in Brussels, Belgium September 24, 2018. The European Central Bank (ECB) is not expected to change much at its Governing Council meeting this week, despite a clear resurgence of risks …
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