turnaround
Dow gains 100, Tesla’s turnaround, late-day slide
Stocks closed well off their highs and the Nasdaq turned negative during a late-day slide on Wednesday. The S&P 500 did snap a three-day losing streak, and the small cap Russell 2000 closed at a record high. Tensions were high in Washington as President Trump vetoed a defense spending bill and called for changes to …
HT8) looks at aggressive growth on the back of a major profit turnaround
After a somewhat rough revenue patch, Australian online IT and Consumer Electronics vendor, Harris Technology (ASX:HT8) has seen its revenues pick up this year. The online retailer more than doubled its sales in March as it became a preferred company to fit out home offices and home-schooling setups amid the COVID-19 lockdown. The recent success …
Trinity Health Care of New England to Furlough Employees, Cut Executive Pay, Add Clinical Staff – NBC Connecticut
Trinity Health Care of New England, which has several hospitals in Connecticut, said it is furloughing some employees, adding clinical staff and cutting pay for executives because of the COVID-19 pandemic. “We are working tirelessly to prepare and respond to COVID-19, both in the immediate term and over the weeks and months to come. …
Kraft Heinz brings back ex-CFO as company seeks turnaround plan
Kraft Heinz is tapping former Chief Financial Officer Paulo Basilio for a reprisal of the role as the packaged-food company seeks to rebuild its sagging business. Chief Executive Officer Miguel Patricio, who took over the top post in July, “made the strategic decision to shift to a seasoned veteran,” the company said in a filing. …
