Starbucks Corp
Starbucks will exit Russia after 15 years, closing 130 licensed cafes
A woman drinks coffee in a Starbucks in a mall in Khimki outside Moscow. Alexander Natruskin | Russia After 15 years operating in Russia, Starbucks will exit the market, joining companies like McDonald’s, Exxon Mobil and British American Tobacco in withdrawing from the country completely. The coffee giant announced Monday that it will no longer …
GE stock sinks after proposing reverse stock split, confirming $30 billion AerCap deal
Shares of General Electric Co. slumped Wednesday, after the industrial conglomerate confirmed a $30 billion deal with AerCap Holdings NV, while also surprisingly proposing a 1-for-8 reverse stock split. GE, which hosted an analyst meeting early Wednesday, also provided 2021 financial guidance, in which the range for adjusted earnings was a bit downbeat, but the …
Marvell Technology is ‘Mr. 5G’
Raytheon: “I think it’s a terrific combination and it should be bought.” Crown Castle: “That is a castle keeper. I like that stock. … Will you look at that chart? I mean that chart — that is a reverse head and shoulders I just dream of.” Marvell Technology: “That’s a first-round pick. … It is ‘Mr. …
Amazon’s cashier-less technology heading to NYC airports but other retailers will pass, experts say
Cibo Express Gourmet Markets will launch Amazon.com Inc.’s “Just Walk Out” cashier-less technology at its stores in Newark Liberty Airport on March 16, but experts say other retailers will take a pass on adding it to their stores. Cibo Express Gourmet Markets is part of OTG, a privately held travel hospitality group. The company will …
PepsiCo earnings top estimates on strong snack and beverage sales
PepsiCo shares rose slightly Tuesday after the company’s second-quarter earnings topped estimates, as healthier snacks and sparkling water helped fuel sales growth and offset a drag from foreign exchange. Shares of the company rose less than 1% in premarket trading. “Our performance for the first half and the progress we are making on our strategic priorities …
