Articles

Norfolk Southern CEO change brings stability but governance questions linger, says analyst

Norfolk Southern Corp.’s decision to replace fired Chief Executive Alan Shaw with Mark George, the railroad operator’s executive vice president and chief financial officer, should bring management-level stability to the company — but questions about its board governance still linger, according to one analyst. 

eToro reached a $1.5M settlement with the SEC. Other brokerages could be next.

Online brokerage eToro just agreed to pay $1.5 million in a lawsuit with the Securities and Exchange Commission that could affect how you trade crypto in the future.

Will your ZIP code affect your retirement plans? Can you expect Social Security? These are key questions retirees must ask. 

“It is complicated to age well in America,” says Debra Whitman, executive vice president and chief public policy officer at AARP.

Mortgage rates are falling ahead of the Fed’s planned rate cut. How borrowers can capitalize.

The 30-year mortgage rate is averaging at 6.2% Freddie Mac said in its latest weekly survey on Thursday.

GE Vernova’s stock reverses toward new highs after an update on profitability

GE Vernova’s stock pulled an intraday U-turn to trade at fresh highs on Thursday, after the renewable-energy company trimmed its outlook for third-quarter profitability but affirmed its full-year outlook.

Delta’s stock rises on outlook and boost from lower fuel prices

Delta Air Lines expects positive unit revenue in September for both its domestic and transatlantic businesses.

Verizon puts price tag on buyouts and says nearly 5,000 employees are leaving

Verizon Communications Inc. said Thursday it expects charges of up to $1.9 billion in its third quarter in connection with employee buyouts.

Dow cuts revenue outlook, citing ‘unplanned event’ at Texas plant

Dow Inc.’s stock fell to fresh lows for the year on Thursday, after the materials-science company issued a revenue warning, citing higher costs and a “significant” issue at an ethylene plant.

Largest U.S. banks will catch a break from Fed’s capital rule changes, KBW says

The U.S.’s largest banks will benefit in a myriad of ways from the U.S. Federal Reserve’s upcoming changes to its capital requirement proposals to bulk up balance sheets for potential systemic problems, KBW analysts David Konrad and Scott McGratty say.

Navient will pay $100 million to student-loan borrowers in landmark settlement. Here’s how you’ll get your cut.

The settlement resolves a lawsuit filed by the Consumer Financial Protection Bureau in 2017, which claimed the company led borrowers astray.

Hewlett Packard Enterprise to tap bond market, use loans to finance $14 billion Juniper deal

Hewlett Packard Enterprise announced a series of moves Thursday to raise the financing for its $14 billion acquisition of Juniper Networks Inc., including a new revolving-credit facility and a seven-part bond deal.

Gilead’s HIV-prevention drug cut infections by 96%, boosting stock

Gilead’s twice-yearly injection for HIV prevention cut infections by 96% in a late-stage trial, the company said Thursday, building the case for regulatory approval of the treatment.
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