Bob Iger and Nelson Peltz.CNBCActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter. In early April, Trian's Peltz lost a proxy battle at Disney as shareholders reelected the company's full slate of board nominees. Peltz had been seeking to...
The logo for Salesforce is displayed on the Salesforce Tower in New York City on March 7, 2019.Brendan Mcdermid | ReutersCheck out the companies making headlines in extended trading:Salesforce — Shares plunged more than 14% after first-quarter revenue of $9.13 billion missed consensus estimates of $9.17 billion, according to...
American Eagle on Wednesday said it's making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than Wall Street expected. Nevertheless, revenue gained 6% year over year and marked a record for the first quarter, the...
Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024.Stefan Wermuth | Bloomberg | Getty ImagesSalesforce shares plummeted as much as 17% in extended trading on Wednesday after the cloud software vendor reported weaker-than-expected revenue and issued guidance...
A sign is posted in front of a McDonald's restaurant in San Leandro, California, Feb. 6, 2024.Justin Sullivan | Getty ImagesA top McDonald's executive is weighing in on claims that the company has jacked up its prices.Joe Erlinger, president of McDonald's USA, said in an open letter Wednesday that...
Check out the companies making headlines in midday trading: Abercrombie & Fitch — Shares popped 22% after the apparel retailer posted fiscal first-quarter sales that grew 22% from a year earlier. Abercrombie's profit during the period was nearly seven times compared to the year-ago period and came in ahead...
A Nissan Sentra sits on the lot at a dealership in Evanston, Illinois, on Nov. 12, 2010.Scott Olson | Getty ImagesNissan has warned owners of older vehicles to drop driving cars equipped with recalled, unrepaired Takata airbags the National Highway Traffic Safety Administration announced Wednesday.The NHTSA said the...
Stellantis CEO Carlos Tavares photographed next to a Jeep Avenger at the Paris Motor Show on Oct. 17, 2022.Nathan Laine | Bloomberg | Getty ImagesStellantis plans to offer a $25,000 all-electric Jeep vehicle in the U.S. "very soon" to better attract mainstream consumers amid slower-than-expected electric vehicle adoption, CEO...