Fly Intel: Wall Street's top stories for Monday » 17:1402/2402/24/20
AAPL, NKE, UNH, BRK.A, BRK.B, DAL, AAL, UAL, JBLU, LUV, GILD, INTU, MNK, TEVA, ENDP, MYL, CAH, ABC, MCK, UTHR, VHC, WIFI, EPZM
Stocks in the U.S. and in…
Boeing board names Steve Mollenkopf, Akhil Johri as new directors » 16:3002/2402/24/20
BA, QCOM, UTX, CAH
The Boeing Company (BA)…
The Boeing Company (BA) Board of Directors has nominated Steve Mollenkopf and Akhil Johri to be elected as directors at the company's upcoming annual meeting of shareholders. The board also announced independent directors Edward Liddy and Mike Zafirovski will not stand for re-election and will retire from board service at the meeting. Mollenkopf has served as CEO of Qualcomm (QCOM) since 2014. He has helped lead the company through the transitions to 3G, 4G and 5G since the beginning of his career as an engineer more than 25 years ago. Johri served as CFO of United Technologies (UTX) from 2015 to 2019. He previously held various executive positions of increasing responsibility over his 31-year career at the company and currently serves as an independent director of Cardinal Health (CAH).
Fly Intel: Wall Street's top stories at midday » 12:3602/2402/24/20
UNH, AAPL, NKE, GILD, BRK.A, DAL, AAL, JBLU, LUV, UAL, INTU, NGM, VHC, KOS, EPZM
Stocks have been sharply…
eBay Canada, Shippo renew partnership for shipping services » 12:0302/2402/24/20
eBay Canada and Shippo…
eBay Canada and Shippo announced a renewed partnership to offer improved shipping services for Canadian sellers on eBay. Shippo is the exclusive shipping label printing partner for eBay Canada. Sellers receive easy access to Shippo services and a streamlined process for purchasing shipping labels for all their orders on the eBay platform. Collaboration between eBay Canada and Shippo began in 2017 when the parties joined forces to offer eBay sellers the ability to easily purchase shipping labels. Today's launch expands on the partnership by opening up additional shipping carriers and new payment options including major credit and debit cards, in addition to PayPal, the previous default method.
RSA Conferences 08:1102/2402/24/20
AKAM, CHKP, CSCO, FEYE, FTNT, GM, GS, JNJ, LUV, MIME, NET, PFPT, PING, TUFN, VMW, VRNS
Buffett says Berkshire 'very unlikely' to acquire airline outright » 06:3302/2402/24/20
ALK, LUV, DAL, JBLU, UAL, SAVE, AAL, BRK.A
Warren Buffett said on…
Warren Buffett said on CNBC that while "not impossible," it is "very unlikely" that Berkshire Hathaway (BRK.A) would acquire an airline outright. Buffett noted that his largest holding in the space is Delta Air Lines (DAL). Other names in the industry include Alaska Air (ALK), American Airlines (AAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL).
Twitter suspends group of pro-Bloomberg accounts over manipulation, Reuters says » 07:2602/2302/23/20
Twitter said it had…
Twitter said it had started suspending and restricting dozens of accounts posting content promoting U.S. Democratic presidential candidate Michael Bloomberg, Reuters' Elizabeth Culliford writes. "We took enforcement action on about 70 accounts, which includes a combination of permanent suspensions and account challenges to verify ownership," a Twitter spokeswoman said in a statement to Reuters. Reference Link
Week in Review: How Trump's policies moved stocks » 07:1902/2202/22/20
GE, HON, AMAT, LRCX, MU, WDC, LITE, ACIA, NPTN, IIVI, ANTM, CNC, CVS, HUM, MOH, UNH, CUDA, CHKP, FFIV, FEYE, FTNT, IMPV, PANW, PFPT, QLYS
Catch up on the top…
eBay says Payments expected to generate $2B of revenue by 2022 » 18:4202/2102/21/20
In addition to…
In addition to eBay's portfolio review, the company's management team has executed numerous value creating actions since the beginning of 2019 that are transforming eBay's business and strengthening its foundation for growth. Among others, these actions include: Scaled Managed Payments in the U.S. and Germany; by 2022, Payments is expected to generate $2B of revenue and $0.5B of operating income; Delivered a point of margin improvement and committed to at least 2 additional points of margin expansion by 2022 while investing in revenue growth initiatives; Executed $5B in share buybacks and recently announced expansion of 2020 share buyback plan from $1.5B to $4.5B; Implemented eBay's first ever dividend and committed to a 14% increase in 2020; Increased focus on Marketplace volume growth with a reorganization of the executive leadership team and a re-prioritized customer-focused plan that includes improved vertical buyer experiences, more data & tools for sellers, and increased platform conversion leveraging an expanded structured data foundation. eBay's Board and management team are confident that the above actions will help achieve the previously stated priorities for 2020 and position eBay for sustainable, profitable long-term growth.
eBay says in 'active discussions with multiple parties' for sale of Classifieds » 18:3902/2102/21/20
eBay issued the following…
eBay issued the following statement regarding the previously announced strategic review of eBay's Classifieds Group: "eBay has been exploring potential value-creating alternatives for Classifieds and continues to be in active discussions with multiple parties regarding a potential transaction. As previously noted, eBay expects to provide an update regarding this process by the middle of the year. eBay remains committed to maximizing the value of Classifieds for eBay shareholders. eBay's Board and management are committed to driving significant returns to shareholders by maximizing the value of Classifieds and positioning our Marketplace business for long-term success," said Scott Schenkel, interim CEO of eBay. "The Classifieds review process, together with the StubHub sale and our initiatives to increase volume, revenues, margins, and cash flow while continuing to invest in long-term profitable growth, demonstrate this commitment. We are acting with urgency while focusing on the ultimate objective of maximizing the value of Classifieds."