Tag: cuts

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Visa’s stock drop cuts more than 70 points off the Dow’s price, after WSJ report of antitrust probe

Shares of Visa Inc. V, -6.24% sank 4.9% in afternoon trading Friday, putting them on track for the biggest one-day…

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Soybean futures on track to settle at highest since March 2018 as USDA cuts production forecast

Soybean prices climbed Friday, poised for the highest settlement since March 2018, after the U.S. Department of Agriculture lowered its…

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AmEx’s stock paces Dow’s premarket losers after long-time bullish analyst cuts rating

Shares of American Express Co. AXP, +3.02% slipped 0.7% in premarket trading Friday, after Susquehanna analyst James Friedman said he…

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Bed Bath & Beyond reorg leads to 2,800 job cuts

Bed Bath & Beyond Inc. BBBY, +0.44% said late Tuesday that its planned reorganization to focus on online sales will…

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Capital One cuts dividend to 10 cents a share from 40 cents a share

Capital One Financial Corp. COF, -1.60% announced late Friday a dividend of 10 cents a share payable on Aug. 20…

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Fitch cuts U.S. credit outlook to ‘negative’ on COVID-19, election uncertainty, but maintains AAA rating

Fitch Ratings on Friday turned more negative on the outlook for the gold-plated U.S. credit rating. High fiscal deficits and…

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Aon to end salary cuts, to fully repay withheld amounts plus 5%

Aon PLC AON, -0.81% said Tuesday it will end the previously announced salary reductions of up to 20%, effective July…

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Oil futures rally on signs of economic recovery and bets that OPEC+ will extend output cuts

Oil futures rallied Friday, buoyed by better-than-expected data on U.S. employment and expectations that the Organization of the Petroleum Exporting…

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Oil climbs as suppliers stick to output cuts, coronavirus lockdowns ease

By Sonali Paul MELBOURNE, May 26 (Reuters) – Oil prices rose on Tuesday on clear signs that producers are sticking…