corporate
Microchip Technology Inc. stock rises Wednesday, still underperforms market
Shares of Microchip Technology Inc. MCHP, +0.11% inched 0.11% higher to $155.49 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.14% rising 0.14% to 4,208.12 and the Dow Jones Industrial Average DJIA, +0.07% rising 0.07% to 34,600.38. Microchip Technology Inc. closed $11.18 …
National Enquirer Parent, Ex-CEO Fined for Breaking Election Law in 2016 Campaign
The May 17 agreement between A360 Media LLC and the FEC characterized the $150,000 payment to model Karen McDougal as an illegal corporate campaign contribution. Federal law prohibits companies from making contributions to candidate committees. A spokesman for A360 Media and David Pecker, the former chief executive of American Media Inc., didn’t have an immediate …
Tesla Failed to Oversee Elon Musk’s Tweets, SEC Argued in Letters
WASHINGTON—Securities regulators told Tesla Inc. TSLA -0.21% last year that Chief Executive Elon Musk’s use of Twitter had twice violated a court-ordered policy requiring his tweets to be preapproved by company lawyers, according to records obtained by The Wall Street Journal. Tesla and the Securities and Exchange Commission settled an enforcement action in 2018 alleging …
Micron Technology Inc. stock rises Monday, outperforms market
Shares of Micron Technology Inc. MU, +2.70% rose 2.70% to $82.90 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.99% rising 0.99% to 4,197.05 and the Dow Jones Industrial Average DJIA, +0.54% rising 0.54% to 34,393.98. Micron Technology Inc. closed $14.06 short …
Amazon Nears Deal to Buy Hollywood Studio MGM
Amazon.com Inc. AMZN 1.46% is nearing a deal to buy the Hollywood studio MGM Holdings for almost $9 billion, said people familiar with the matter, a pact that would turn a film operation founded in the silent era into a streaming asset for the e-commerce giant. An agreement could be announced as early as this …
Procore Technologies Aims to Digitize Construction. Its IPO Gained 31%.
Text size Procore’s CFO says many construction companies still use pen, paper, and fax machines. Pojoslaw/Dreamstime Procore Technologies is looking to modernize the construction industry, which it says has been slow to adopt technology that could save vast amounts of money. Founded in 2003, Procore (ticker: PCOR) provides cloud-based construction-management software that enables its customers, …
Walmart Sales Growth Helped by Stimulus
Walmart Inc.’s WMT 1.86% sales continued to rise during the spring quarter though at a slower pace than earlier in the Covid-19 outbreak, as some consumers returned to more typical shopping patterns and U.S. government stimulus stoked spending. Comparable sales, those from U.S. stores and digital channels operating for at least 12 months, rose 6% …
Bitcoin bulls on social media reject Musk’s reasoning for halting crypto-based car sales
Staunch supporters of bitcoin on Wednesday night were questioning Elon Musk’s crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to “rapidly increasing use of fossil fuels” mining the digital asset. Musk’s announcement rippled through the crypto markets, sending …
Align Technology Inc. stock underperforms Wednesday when compared to competitors
Shares of Align Technology Inc. ALGN, -3.11% shed 3.11% to $548.64 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -2.14% falling 2.14% to 4,063.04 and Dow Jones Industrial Average DJIA, -1.99% falling 1.99% to 33,587.66. Align Technology Inc. closed $98.56 short of …
Stocks fall across Europe and Nasdaq futures tumble 1%, as inflation concerns and selloff sentiment spread
Stocks fell across Europe on Tuesday as Nasdaq futures tumbled more than 1%, with rising U.S. inflation concerns spooking investor sentiment. The pan-European Stoxx 600 SXXP, -2.18% slipped 2%, after closing at a fresh record high on Monday. In London, the FTSE 100 UKX, -2.23% fell 2.3%, while the CAC 40 PX1, -2.13% in Paris …
