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Albertsons Goes Public as Coronavirus Pandemic Upends Grocery Business - WSJ

Albertsons Goes Public as Coronavirus Pandemic Upends Grocery Business

By: Jaewon Kang
Source: The Wall Street Journal
Date of Publication: June 26th, 2020
Safeway, Jewel-Osco owner plans to capitalize on changing shopping behavior.
Airline shares tumble as New York imposes quarantines, Florida cases spike_CNBC

Airline shares tumble as New York imposes quarantines, Florida cases spike

By: Leslie Josephs
Source: CNBC
Date of Publication: June 24th, 2020
U.S. airline shares fell sharply Wednesday after state officials in New York, New Jersey and Connecticut said they were imposing a two-week quarantine on travelers arriving from certain states whose coronavirus infection rates have been on the rise.
Bankrupt Hertz files to sell up to $500 million in stock, with warning they could be 'worthless'

Bankrupt Hertz files to sell up to $500 million in stock, with warning they could be 'worthless'

By: Tomi Kilgore
Source: Market Watch
Date of Publication: June 15th, 2020
Shares of Hertz Global Holdings Inc. HTZ, -13.78% plunged 20% in premarket trading Monday, after the bankrupt car rental company filed for the sale up up to $500 million worth of common stock. The filing comes after Hertz received approval on Friday from a bankruptcy court to sell up to $1 billion in stock. The company warned in the filing that because the company is bankrupt, the common stock could be rendered "worthless."
Abercrombie & Fitch Stock Has Lost 30% But It Is Still Better Than Gap Which Is Down 50%

Abercrombie & Fitch Stock Has Lost 30% But It Is Still Better Than Gap Which Is Down 50%

Source: Forbes
Date of Publication: May 14th, 2020
Gap (NYSE: GPS) stock has declined by close to 55% since early February after the WHO declared the Coronavirus a global health emergency, while Abercrombie & Fitch (NYSE: ANF) stock has fared slightly better and lost 31% of its value.
XPO Logistics profit tumbled after coronavirus pummeled business

XPO Logistics profit tumbled after coronavirus pummeled business

By: Lisa Baertlein and Tom Brown
Source: Reuters
Date of Publication: May 4th, 2020
XPO Logistics Inc (XPO.N) reported a sharp decline in quarterly profit after the novel coronavirus pandemic pummeled demand from consumers and businesses.
NYSE reopens with 25% of staff, ‘Some Good News’ acquisition takes heat, and Pizza Hut celebrates grads_PR Daily.pdf

NYSE reopens with 25% of staff, ‘Some Good News’ acquisition takes heat, and Pizza Hut celebrates grads

By: Beki Winchel
Source: Ragan's PR Daily
Date of Publication: May 26th, 2020
Ragan's PR Daily provides a snapshot of recent public relations' moves by various companies, as well as the reopening of the NYSE.
After 20% Drop In A Month, Will Coronavirus Help Or Hurt Electronic Arts?

After 20% Drop In A Month, Will Coronavirus Help Or Hurt Electronic Arts?

Source: Forbes
Date of Publication: March 18th, 2020
Electronic Arts (NASDAQ: EA) has fared better than the broader markets through the current coronavirus and oil price war crisis, with the stock currently down by about 18% since early February, after the WHO declared a global health emergency.
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AMC Networks expects a dramatic 30% drop in ad revenue this quarter due to coronavirus

AMC Networks expects a dramatic 30% drop in ad revenue this quarter due to coronavirus

By: Megan Graham
Source: CNBC
Date of Publication: May 5th, 2020
AMC Networks said it estimates advertising revenue will drop about 30% in the second quarter as marketers pull or delay spending as the coronavirus delays show production.
ACTIVISION BLIZZARD ANNOUNCES STRONG FIRST-QUARTER 2020 FINANCIAL RESULTS

ACTIVISION BLIZZARD ANNOUNCES STRONG FIRST-QUARTER 2020 FINANCIAL RESULTS

Source: Activision Blizzard
Date of Publication: May 4th, 2020
For the quarter ended March 31, 2020, Activision Blizzard’s net revenues presented in accordance with GAAP were $1.79 billion, as compared with $1.83 billion for the first quarter of 2019.
Yahoo Finance SP Global CEO.JPG

S&P Global CEO Speaks to Yahoo Finance

Source: Yahoo Finance
Date of Publication: May 19th, 2020
COVID-19- related corporate bankruptcies and debt defaults in the U.S. are on the rise. And it’s likely to get much uglier in the months ahead, despite efforts by lawmakers to shore up corporate balance sheets. “So far this year, we’re almost running at a rate of double the defaults of last year,” said S&P Global CEO Douglas Peterson on Yahoo Finance’s The First Trade. “We think that there is going to be an increase in default levels up to potentially 10% of the high yield debt [markets].” In April, the rate was 3.9%.