Bed Bath & Beyond is closing an additional 87 stores, as the troubled home goods retailer seeks to consolidate its assets ahead of a possible bankruptcy filing. The company confirmed the closures in a statement, adding it was also closing all Harmon health and beauty store locations. “As we work […]
Business
Cloud ERP Company Surpasses 10,000 Customers, Announces Updated Customer Bill of Rights and Celebrates Customer Success at Annual Event LAS VEGAS, Jan. 30, 2023 /PRNewswire/ — Acumatica, the world’s fastest-growing cloud ERP company, today outlined how its community of customers, partners and developers shapes business technology that is responsive to […]
PURCHASE, N.Y., January 26, 2023–(BUSINESS WIRE)–Mastercard Incorporated (NYSE: MA) today announced its fourth quarter and full year 2022 financial results through an earnings release available on the company’s Investor Relations website at investor.mastercard.com. The earnings release will be furnished with the Securities and Exchange Commission (SEC) on a Form 8-K […]
It came off as a rare moment of candor for the airline industry on Wednesday, when United Airlines CEO Scott Kirby told analysts and reporters that after a year of constant disruptions, including canceled and delayed flights, lost luggage and worse, passengers could expect more of that in 2023. “The […]
U.S. stocks lost steam Tuesday after back-to-back days of gains as investors evaluated another round of quarterly financial results from companies. The S&P 500 (^GSPC) slipped 0.1%, while Dow Jones Industrial Average (^DJI) rose a modest 0.3%. The technology-heavy Nasdaq Composite (^IXIC), meanwhile, was off by roughly the same margin. […]
Microsoft issued a disappointing revenue forecast for the current quarter in its earnings call on Tuesday, causing a reverse in the stock price after the shares initially rallied on better-than-expected earnings for the December quarter. The technology company saw a dropoff in business at the end of 2022 in core […]
CHARLOTTE, N.C., Jan. 20, 2023 /PRNewswire/ — Ally Financial Inc. (NYSE: ALLY) today reported its fourth quarter and full year 2022 financial results. View full press release in PDF. The news release, presentation and financial supplement can be accessed in the following ways: Ally will host a conference call at […]
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC Check out the companies making headlines in midday trading. Netflix — Shares of the streaming giant jumped more than 8% after Netflix added 7.66 million net subscribers in the fourth quarter, above the 4.57 million expected, according to StreetAccount. […]
Elon Musk testified in court on Friday in a trial that may decide whether a tweet he sent in 2018 cost Tesla investors millions of dollars. Tesla shareholders are suing the company to recoup losses they say they suffered amid Musk’s claim that he had “secured” money to take the […]
CHARLOTTE, N.C., Jan. 13, 2023 /PRNewswire/ — Bank of America reported its fourth-quarter 2022 financial results today. The news release, supplemental filing and investor presentation can be accessed at Bank of America’s Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings. Investor Conference Call information Chief Executive Officer Brian Moynihan and Chief Financial Officer […]
Chickens may not be able to fly very far, but the price of eggs is soaring. A lingering bird flu outbreak, combined with soaring feed, fuel and labor costs, has led to U.S. egg prices more than doubling over the past year, and hatched a lot of sticker shock on […]
CNN — At Teddy & The Bully Bar restaurant near downtown Washington, DC, business has never been the same since the pandemic hit. “It’s very challenging,” owner Alan Popovsky said. “I’m still going to be climbing the hill for quite some time. Probably for the rest of my life.” The […]
CNN — ExxonMobil’s own scientists accurately predicted future global warming in reports dating back to the late 1970s and early 1980s, despite the company publicly continuing for years to cast doubt on climate science and lobby against climate action, according to a new analysis. Researchers examined climate projections produced between […]
New York CNN — At the end of a long wooden California pier that juts out above the Pacific ocean sits the Wharf House. It’s now almost entirely unreachable. The Wharf House restaurant, an iconic establishment for the residents in the seaside town of Capitola in Santa Cruz County, sits […]
U.S. stocks ended Friday higher after key earnings reports from financial heavyweights. The S&P 500 (^GSPC) added 0.4%, while the Dow Jones Industrial Average (^DJI) increased by 0.3%. The technology-heavy Nasdaq Composite (^IXIC) was up roughly 0.7%, closing upward for sixth consecutive day, the longest streak since 2021. The Nasdaq […]
Psyence Group Inc. VANCOUVER, British Columbia, Jan. 09, 2023 (GLOBE NEWSWIRE) — Psyence Group Inc. (CSE:PSYG | OTCQB: PSYGF), a life science biotechnology company pioneering the use of natural psilocybin in mental health and well-being (“Psyence”), and Newcourt Acquisition Corp (Nasdaq: NCAC), a special purpose acquisition company (“SPAC”) formed for […]
Press Releases 01/09/2023 Governor Lamont Announces Global Atlantic Financial Group Is Expanding Operations and Adding Jobs in Hartford (HARTFORD, CT) – Governor Ned Lamont today announced that Global Atlantic Financial Group, a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, is growing its […]
A round-up of openings, closings, and other news about West Hartford businesses. By Ronni Newton Before I say anything else, I want to thank all who reached out to express condolences to our family following the death of Ted’s dad. We really appreciate all of your kind words. My sense […]
New York CNN — Stitch Fix, facing economic turbulence, announced a double whammy on Thursday: CEO Elizabeth Spaulding is stepping down and the company planned to lay off 20% of its salaried staff. The online personalized subscription clothing retailer also said it was closing some operations, including its Salt Lake […]
Tokyo CNN — Japan is offering to pay families to move out of its overcrowded capital, in an effort to revitalize countryside towns and boost the falling birth rate. Starting in April, families in the Tokyo metropolitan area, including those headed by single parents, will be eligible to receive 1 […]