Pedro Parente, lauded for turning around Brazil’s state-oil giant Petrobras SA, agreed to become chairman of struggling food conglomerate BRF SA, a breakthrough that may end several weeks of fighting among shareholders over who will sit on its board.
HP Inc. (NYSE: HPQ) released fiscal first-quarter financial results after the markets closed on Wednesday. The company said that it had $0.38 in earnings per share (EPS) and $12.68 billion in revenue. The consensus estimates from Thomson Reuters called for $0.37 in EPS and $11.85 billion in revenue. The same period from last year had $0.36 in EPS and $12.25 billion in revenue.
CHAPEL HILL, N.C. Good news: The stock market is dropping. The Dow Jones Industrial Average, while ending Thursday well off its early triple-digit decline, fell for the sixth time in nine days to close at its lowest level in 2陆 weeks.
Why is that good news?
Because by dropping in October, the stock market creates the preconditions for a significant rally through the end of the year.....More>>>
The average 30-year mortgage rate was 4.07% on Monday, which equates to a $481.46 monthly payment per $100,000 borrowed. (One basis point equals one hundredth of a percentage point.) A month ago, the equivalent payment was higher by $6.39.
The average 15-year mortgage rate is 3.22%, equating to a $701.21 monthly payment per $100,000 borrowed. A month ago,....More>>>
After the bell on Friday, social media giant Facebook (NASDAQ:FB) announced a $6 billion share repurchase plan for its Class A shares (the ones that trade). While the stock rose a little in the extended-hours session, the news is not that meaningful to the long-term story, and investors should not rush into the stock as a result.
At the end of September, according to the company’s most....More>>>
Lands’ End (NASDAQ:LE) CMO Gill Brown Hong bought 1,525 shares of the company’s stock in a transaction on Friday, April 13th. The shares were bought at an average price of $22.20 per share, with a total value of $33,855.00. Following the completion of the transaction, the chief marke