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Home>News Highlights: Top Company News of the Day

News Highlights: Top Company News of the Day

News Highlights: Top Company News of the Day

09/20/2017

 FedEx Takes Earnings Hit Following Cyberattack 

FedEx said a cyberattack earlier this year dented earnings in its first quarter by roughly a third, prompting the package delivery giant to cut its profit forecast for the rest of the fiscal year.

 Walgreens Finally Gains Approval for Rite Aid Deal 

Walgreens Boots Alliance received regulatory approval for its deal to buy nearly 2,000 stores from Rite Aid but only after the number of stores to be purchased was again trimmed to allay antitrust concerns.

 Ford Trims Production at Five Plants as U.S. Sales Slow 

Ford Motor Co. said it would temporarily idle production lines at five North American plants, including three in the U.S., the latest in a series of moves by U.S. auto makers to cope with slowing vehicle sales and rising industry capacity.

 Fiat Chrysler Recalls Nearly a Half-Million Trucks on Fire Risk 

Fiat Chrysler issued a recall for nearly a half-million Ram pickup and work trucks to fix faulty pumps that could cause overheating and engine fires.

 Bed Bath & Beyond Shares Fall After Missing Profit Estimates 

Shares of Bed Bath & Beyond fell 13% to $23.62 after hours Tuesday after the home goods retailer slashed its full year outlook and widely missed earnings and sales expectations in its second quarter.

 Best Buy Sets Five-Year Plan for Sales and Cost-Cutting 

Best Buy Co. set a modest sales forecast for the next five years and said it won't cut costs as deeply as it has in years past, a shift it said focuses on long-term growth and investments.

 Boeing 'Unlikely' to Deliver First Tanker in 2017 

Boeing is unlikely to meet its target of delivering the first of a new fleet of aerial refueling tanker jets by the end of the year, according to a person familiar with the military program.

 Toys 'R' Us Bankruptcy Poses Challenge for Toy Makers 

The bankruptcy filing of Toys 'R' Us ends weeks of uncertainty for the toy industry while creating a new challenge for toy makers just ahead of the busy holiday season.

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