Business

By MarketWatch

Business, finance and company news for investors.

La-Z-Boy stock gains 5% after company's fiscal Q3 tops views
MarketWatch - By Claudia Assis
Shares of La-Z-Boy Inc. LZB, +2.58% rose nearly 5% in the extended session Tuesday after the furniture maker reported fiscal third-quarter sales and …
Software Companies
Five9 stock rallies as results beat Street
MarketWatch - By Wallace Witkowski
Five9 Inc. fivn shares rose in the extended session Tuesday after the cloud-based call-center software company's results topped Wall Street …
Hot Wheels
Mattel forecasts a year of flat sales despite growth in Barbie and Hot Wheels
MarketWatch - By Tonya Garcia
Mattel Inc. showcased its biggest names and partnerships at Toy Fair 2019 in New York City, hoping to capitalize on big names like Barbie and Hot …
Analog
Analog Devices board OKs 12.5% dividend increase
MarketWatch - By Claudia Assis
Analog Devices Inc. ADI, -1.44% said late Tuesday its board of directors has voted to increase the company's quarterly dividend to 54 cents a share, …
OneSpan stock jumps more than 20% as results top Street estimates
MarketWatch - By Wallace Witkowski
OneSpan Inc. OSPN, +3.84% shares surged more than 20% in the extended session Tuesday after the cybersecurity company reported a surprise profit and …
S&P 500 Index
Pepsi to buy maker of Muscle Milk
MarketWatch - By Max A. Cherney
Hormel Foods Corp. HRL, +0.23% said late Tuesday that it was selling its CytoSport business, which makes Muscle Milk, to PepsiCo Inc. PEP, +0.02% …
Oil & Gas Industry
Concho Resources stock falls 5% after company misses views
MarketWatch - By Claudia Assis
Shares of Concho Resources Inc. CXO, -1.60% fell nearly 5% in the extended session Tuesday after the oil and gas exploration and production company …
Software Companies
Cadence Design stock rallies as results, outlook top Street view
MarketWatch - By Wallace Witkowski
Cadence Design Systems Inc. CDNS, +0.11% shares rallied in the extended session Tuesday after the chip-design software company's results and outlook …
S&P 500 Index
Merck stock falls in late trading on cancer study
MarketWatch - By Jeremy C. Owens
Merck & Co. Inc. MRK, -0.71% shares declined in after-hours trading Tuesday after the company announced that a study of its Keytruda drug did not …
Peer-to-peer
LendingClub stock falls after company misses Q4 expectations
MarketWatch - By Claudia Assis
Shares of LendingClub Corp. LC, +1.40% fell more than 8% in the extended session Tuesday after the peer-to-peer lending company missed revenue …
Profit
‘Yellow vest’ protests in France have pushed company meetings to U.K., says CEO of hotel giant IHG
MarketWatch - By Rupert Steiner
France’s “yellow vest” movement is making itself heard from Paris to Provence, but its rallying cry is reverberating in an unexpected place: …
The City
U.S. tariffs on cars would unleash a global growth fallout, Moody’s says
MarketWatch - By Claudia Assis
U.S. tariffs on imported vehicles and auto parts would cause a “significant” global economic fallout, analysts at Moody’s Investors Service said in a …
Weight Watchers
Weight Watchers stock plunge means Oprah’s stake has shrunk by $555 million in 8 months
MarketWatch - By Tomi Kilgore
Oprah Winfrey’s purse has gotten a lot thinner over the past eight months—about $560 million thinner—with J.P Morgan adding to her woes Tuesday by …
Oil
EIA forecasts U.S. shale oil output to climb by 84,000 barrels a day in March
MarketWatch - By Myra P. Saefong
Crude-oil production from seven major U.S. shale plays is forecast to climb by 84,000 barrels a day in March to 8.398 million barrels a day, …
Tesla
Here’s what Tesla is promising for 2019
MarketWatch - By Claudia Assis
Tesla Inc. has filed its annual report, committing to paper its promises and expectations for the year and putting an initial price tag on last …
New Jersey
New Jersey utility PSEG raises quarterly dividend to 47 cents vs. 45 cents
MarketWatch - By Ciara Linnane
New Jersey utility Public Service Enterprise Group PEG, -0.30% said Tuesday it's raising its quarterly dividend by 4.4% to 47 cents a share. The new …
Financial Regulation
Caesars Entertainment's stock surges after Icahn confirms buying 10% stake
MarketWatch - By Tomi Kilgore
Billionaire activist investor Carl Icahn disclosed Tuesday that he owned 66.05 million shares of Caesars Entertainment Corp. CZR, +4.92% or 9.8% of …
South America
Ford quits heavy-truck business in South America at a cost of $460 million
MarketWatch - By Claudia Assis
Ford Motor Co. F, +3.40% said Monday it will end its commercial heavy-truck business in South America, calling the move a "key step toward returning" …
Mining Companies
BHP posts big profit jump, sounds warning on trade
MarketWatch - By Rhiannon Hoyle
SYDNEY -- BHP Group Ltd. chalked up an 87% rise in first-half net profit, but sounded a warning over the U.S.-China trade conflict. This should be …
Gold futures rally to highest settlement since April
MarketWatch - By Myra P. Saefong
Gold futures on Tuesday settled at their highest since April, up 1.7% for the biggest single-session percentage rise since November. Caution among …
Software Companies
Chinese software company Powerbridge to offer 2.2 million shares in IPO priced at $4.50 to $5.50 a pop
MarketWatch - By Ciara Linnane
Chinese trade software company Powerbridge Technologies set terms for its planned initial public offering on Tuesday, saying in a regulatory filing …
Automotive Industry
Walmart goes all in on digital in battle with Amazon
MarketWatch - By Emily Bary
Walmart Inc.’s investments in e-commerce seem to be yielding top-line results. The next hurdle is generating a real profit from these efforts. The …
San Antonio, TX
Companies quietly install gunfire-detection systems at U.S. offices and factories
MarketWatch - By Chip Cutter
Corporate executives worried about workplace shootings are quietly installing gunfire-detection systems in U.S. offices and factories. Most don’t …
Fibrosis
Intercept Pharmaceuticals is one step closer to getting FDA approval for the first-ever NASH drug
MarketWatch - By Sarah Toy
Intercept Pharmaceuticals Inc. ICPT, +6.40% announced Tuesday that a potential therapy for the fatty liver disease known as NASH had achieved its …
North Dakota
Targa Resources shares jump 7% after company agrees to sell North Dakota stake in $1.6 billion deal
MarketWatch - By Ciara Linnane
Targa Resources Corp. shares TRGP, +6.64% jumped about 7% Tuesday, after the company said it has agreed to sell a 45% stake in Targa Badlands to …
S&P 500
Google to acquire data-migration company Alooma
MarketWatch - By Emily Bary
Alphabet Inc.'s GOOGL, +0.43% GOOG, +0.32% announced Tuesday that it planned to acquire Alooma, a data-migration company. Financial terms of the deal …
S&P 500
Kraton stock soars 27% after company says it may sell Cariflex business
MarketWatch - By Ciara Linnane
Chemicals company Kraton Corp. shares KRA, +27.90% soared 27% Tuesday, putting them on track for the biggest one-day percentage gain since the …
Palo Alto Networks
Palo Alto Networks to acquire Demisto for $560 million
MarketWatch - By Emily Bary
Palo Alto Networks Inc. PANW, +0.75% announced Tuesday that it would be acquiring Demisto, a security orchestration, automation, and response (SOAR) …
Cannabis
Cannabis stocks mixed in choppy trade with Canopy Growth and Hexo in focus
MarketWatch - By Ciara Linnane
Cannabis stocks were mixed on Tuesday, amid a flurry of announcements on the progress of medical and recreational-use bills around the …