(RTTNews) - The South Korea stock market has moved lower in two straight sessions, sliding almost 50 points or 2.5 percent along the way. The KOSPI now rests just beneath the 2,055-point plateau and it's tipped to open under pressure again on Friday.
Four of the seven top investment professionals brought in to bolster Japan Post Bank's $2 trillion portfolio have now left the bank, as the former state-owned giant rolls back plans for a more aggressive investing approach.
Denali Therapeutics Inc. (DNLI) came out with a quarterly loss of $0.56 per share versus the Zacks Consensus Estimate of a loss of $0.53. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.
Cara Therapeutics (CARA) came out with a quarterly loss of $0.61 per share versus the Zacks Consensus Estimate of a loss of $0.62. This compares to loss of $0.52 per share a year ago. These figures are adjusted for non-recurring items.
Colony Credit Real Estate (CLNC) came out with quarterly earnings of $0.37 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.29 per share a year ago. These figures are adjusted for non-recurring items.
(RTTNews) - Bed Bath & Beyond Inc. (BBBY) announced a strategic restructuring program which includes a reorganization and simplification of its field operations, significant reduction in management positions, and outsourcing of several functions. The company commenced a work
President Donald Trump's administration is considering invoking special powers through a law called the Defense Production Act to rapidly expand domestic manufacturing of protective masks and clothing to combat the coronavirus in the United States, two U.S. officials told Reuters.
Bed Bath & Beyond Inc would cut about 500 jobs, including management positions, as part of a restructuring program to turn around its business, the home-furnishing retailer said on Thursday.
What happened
Shares of liquefied natural gas (LNG) exporter-in-the-making Tellurian Inc. (NASDAQ: TELL) fell 16% on Feb. 27, adding further injury to investors who have now seen the company lose more than one-third of its market value in two days.
(RTTNews) - Columbia Sportswear Company (COLM) said the company expects 2020 results to be significantly affected by the COVID-19 outbreak. It is also impacting the company's supply chain.
Manchester United and Wolverhampton Wanderers cruised into the Europa League last 16 with emphatic aggregate wins, while Arsenal were taken to extra time, AS Roma squeezed through but Sporting and Porto were knocked out on Thursday.
What happened
Shares of Teekay (NYSE: TK), Teekay LNG Partners (NYSE: TGP), and Teekay Tankers (NYSE: TNK) all rallied more than 10% by market close on Thursday. Fueling the rally in these related oil and gas marine shipping stocks was their fourth-quarter results.
(RTTNews) - MBIA Inc. (MBI) reported a fourth-quarter adjusted net loss per share of $1.25 compared to profit of $1.20, previous year. On average, four analysts polled by Thomson Reuters expected the company to report a loss per share of $0.22, for the quarter. Analysts' estimat