Will Feuer
- Director, DCI Group
New York
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Articles by Will Feuer
Dundalk comes together for National Night Out
Dun-Logan and Old Dundalk neighborhoods, which usually hold a joint National Night Out, found out the Norwood-Holabird and St. Helena communities were not hosting their own events. The spirit of National Night Out is to bring neighbors and police out for a fun evening, so Dun-Logan and Old Dundalk neighborhoods invited Norwood-Holabird and St. Helena to join them Tuesday, Aug. 4. All food was free, consisting of pizza, chicken nuggets, cookies, cupcakes, cotton candy, freezie pops and chips.
Dundalk Independence Day Committee says thanks
Dundalk Community and Parade Participants: Happy 250th, America! Just five days ago, we were wrapping up our Dundalk parade. On behalf of the Dundalk Independence Day Committee, we extend our heartfelt appreciation for your support of the 92nd continuous Dundalk Independence Day Parade. The parade is truly a community event and an opportunity to showcase all that Dundalk has to offer.
Elizabeth Holmes trial delayed again as juror gets tested for COVID
video The fraud trial of Elizabeth Holmes, the disgraced founder of blood-testing startup Theranos, was delayed — again — Friday while a juror who said he had a COVID-19 scare gets tested for the virus. In an impromptu Zoom hearing late Thursday, US District Court Judge Edward Davila told trial attorneys that juror #9 said he may have been exposed to COVID-19 over Labor Day weekend, though he didn’t have any symptoms.
GE Aerospace Declares First Dividend After Breakup
GE Aerospace Declares First Dividend After Breakup GE GE Aerospace declared its first quarterly dividend after spinning off its power businesses, which now operate under GE Vernova, a separate company. GE Aerospace said it will pay a quarterly dividend of 28 cents a share to shareholders as of April 15. The dividend is payable April 25. At the stock's current price of $154.49, the new quarterly dividend implies an annual yield of about 0.7%.
GE Aerospace Declares First Dividend After Breakup
By Will Feuer GE Aerospace declared its first quarterly dividend after spinning off its power businesses, which now operate under GE Vernova, a separate company. GE Aerospace said it will pay a quarterly dividend of 28 cents a share to shareholders as of April 15. The dividend is payable April 25. At the stock's current price of $154.49, the new quarterly dividend implies an annual yield of about 0.7%.
Alaska Air Receives $160 Million Payment From Boeing
Alaska Air Group has received a $160 million payment from plane maker Boeing as initial compensation to make up for lost profits due to the midair blowout of a door plug on an Alaska flight in January. The accident and subsequent grounding of Alaska’s fleet of Boeing 737-9 MAX jets weighed on Alaska’s financial performance in the first quarter. Alaska said it lost some bookings after the January accident.
Sportsman's Warehouse Stock Jumps 24% After 4Q Results
By Will Feuer Shares of Sportsman's Warehouse surged after the outdoor sporting goods retailer reported fourth-quarter results and said it is through the thick of its efforts to clear excess inventory through steep discounting. The stock climbed more than 24% to $3.90 in afternoon trading. Shares are still down 53% from a year ago. For the fourth quarter, which ended on Feb.
Ford Motor Delays Launch of New EV to Let Market Further Develop
Ford Motor Delays Launch of New EV to Let Market Further Develop F Ford Motor said it is delaying the launch of a new three-row electric vehicle, which will buy time for the consumer market for EVs to further develop. The carmaker now expects to launch the new EV in 2027, delayed from a previous target date of 2025. Ford said it will still produce the EV at its Oakville Assembly Plant in Canada, which Ford is planning to overhaul from gas-vehicle production to an EV manufacturing plant.
Ford Delays Launch of New EV to Let Market Further Develop
Ford Motor said it is delaying the launch of a new three-row electric vehicle, which will buy time for the consumer market for EVs to further develop. The carmaker now expects to launch the new EV in 2027, delayed from a previous target date of 2025. Ford said it would still produce the EV at its Oakville Assembly Plant in Canada, which Ford is planning to overhaul from gas-vehicle production to an EV manufacturing plant.
Alaska Air Receives $160 Million Payment From Boeing
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Alaska Air Receives $160 Million Payment From Boeing
Alaska Air Receives $160 Million Payment From Boeing BA ALK Alaska Air Group has received a $160 million payment from plane-maker Boeing for the initial compensation to make up for lost profits due to the mid-air blowout of a door plug on an Alaska flight in January. Alaska said it lost some bookings after the January accident and the following grounding of its fleet of Boeing 737-9 Max jets. Alaska said it expects further compensation from Boeing, but didn't provide more details.
AngioDynamics Gets FDA Clearance For Pulmonary Embolism Treatment
AngioDynamics Gets FDA Clearance For Pulmonary Embolism Treatment ANGO AngioDynamics said the U.S. Food and Drug Administration has cleared its AlphaVac F18 system for the treatment of pulmonary embolism, a kind of blood clot that the company says affects about 900,000 people in the U.S. every year. AngioDynamics' AlphaVac system was already cleared by the FDA for the removal of thromboemboli from the venous system.
Asensus Surgical Agrees to Enter Diligence After Takeover Offer
By Will Feuer Asensus Surgical said it has entered into a non-binding letter of intent with Karl Storz, medical-technology company, to engage in diligence and negotiations regarding a takeover offer. Karl Storz has offered to buy Asensus for 35 cents a share, representing a nearly 67% premium to the closing price of Asensus stock on Tuesday. Karl Storz has said the offer is its best and final offer, according to Asensus.
Outgoing Boeing CEO Dave Calhoun Will Exit Caterpillar Board
Outgoing Boeing CEO Dave Calhoun Will Exit Caterpillar Board BA CAT Caterpillar said Dave Calhoun, a current board member and the departing chief executive of embattled plane-maker Boeing, will not stand for re-election to Caterpillar's board. Caterpillar said Calhoun's decision to depart from the board isn't the result of any disagreement. The Caterpillar board said it is grateful for Calhoun's service.
Outgoing Boeing CEO Dave Calhoun Will Exit Caterpillar Board
By Will Feuer Caterpillar said Dave Calhoun, a current board member and the departing chief executive of embattled plane-maker Boeing, will not stand for re-election to Caterpillar's board. Caterpillar said Calhoun's decision to depart from the board isn't the result of any disagreement. The Caterpillar board said it is grateful for Calhoun's service.
Acuity Brands Posts Lower 2Q Sales
By Will Feuer Acuity Brands posted lower sales for its fiscal second quarter, though the industrial-technology company was able to wring more profit out of the business. The lighting-controls and building-technology company posted a profit of $89.2 million, or $2.84 a share, for the quarter ended Feb. 29, up from $83.2 million, or $2.57 a share, in the comparable period a year earlier. Stripping out one-time items, including stock-based compensation, adjusted earnings were $3.38 a share.
SLB to Buy ChampionX in $7.8 Billion Oilfield Services Deal
Oilfield services giant SLB said it has agreed to buy ChampionX in an all-stock deal valued at about $7.8 billion. ChampionX shareholders will receive 0.735 SLB shares for each share of ChampionX they already own. Once the deal is complete, ChampionX shareholders will own about 9% of the combined company. SLB shares closed on Monday at $55.22 and ChampionX at $35.40.
Veeva Systems Stock Falls 7% After Finance Chief Steps Down
Shares of Veeva Systems fell after the cloud-solutions company, which focused on life-sciences customers, said Chief Financial Officer Brent Bowman has stepped down from his role. The stock fell almost 7% to $215.16 in morning trading. Shares are up 17% from a year ago.
Tesla Reports Drop in Production And Deliveries, Hit by Red Sea Disruption
Tesla Reports Drop in Production And Deliveries, Hit by Red Sea Disruption TSLA Tesla reported a drop in first-quarter production and deliveries, citing the ramp-up of production of the electric-vehicle company's latest version of its Model 3 vehicle as well as disruption from the conflict in the Red Sea. Tesla said it produced 433,371 vehicles in the first quarter, down from 440,808 in the same period a year ago. Deliveries fell to 386,810, down from 422,875 in the same period last year.
ChampionX Stock Rises 11% After Striking Deal to be Bought by SLB
ChampionX Stock Rises 11% After Striking Deal to be Bought by SLB CHX SLB Shares of ChampionX rose after the oilfield technology provider agreed to be bought for $7.8 billion by industry heavyweight SLB in an all-stock merger. The stock rose 11% to $39.24 in premarket trading. Through Monday, shares were up almost 31% from a year ago. SLB shares slipped almost 1% to $54.80 in the premarket session. Shares were up almost 13% from a year ago through the end of trading on Monday.
SLB to Buy ChampionX in $7.8 Billion Oilfield Services Deal
SLB to Buy ChampionX in $7.8 Billion Oilfield Services Deal SLB CHX Oilfield services giant SLB said it has agreed to buy ChampionX in an all-stock deal valued at about $7.8 billion. ChampionX shareholders will receive 0.735 SLB shares for each share of ChampionX they already own. Once the deal is complete, ChampionX shareholders will own about 9% of the combined company. SLB shares closed on Monday at $55.22 and ChampionX at $35.40.
Postal Service Picks UPS to Move Air Cargo, Replacing FedEx
The U.S. Postal Service has tapped United Parcel Service as its primary partner for moving cargo by air, replacing FedEx , which had provided the service for more than two decades. The new contract between UPS and USPS will begin in late September and run through at least March 2030, the Postal Service said Monday. Under the agreement, UPS will handle domestic air transportation for USPS’s first-class mail, priority mail express, and priority mail.
Tesla Rival BYD’s Sales Jump as EV Competition Heats Up
BYD’s exports also rose in March, with overseas sales of new-energy vehicles nearly tripling. Chinese electric-vehicle maker BYD’s sales jumped in March amid increasing competition from Chinese auto companies in the global EV market. In the first quarter, BYD sold 626,263 new-energy vehicles, which includes EVs and plug-ins, up 13% from a year earlier. The company said Monday that March sales surged 46% after slipping in the first two months of the year.
BYD Posts Jump in March Sales as Chinese EV Competition Heats Up
BYD’s exports also rose in March, with overseas sales of new-energy vehicles nearly tripling. Chinese electric-vehicle maker BYD reported a jump in March sales, a sign of intensifying competition from Chinese auto companies in the global EV market. In the first quarter, BYD sold 626,263 new-energy vehicles, which includes EVs and plug-ins, up 13% from a year earlier. The company said Monday that March sales surged 46% after slipping in the first two months of the year.
FedEx to Let Contract With USPS Lapse; UPS Strikes Deal
FedEx to Let Contract With USPS Lapse; UPS Strikes Deal UPS FDX FedEx said talks to extend its contract with the U.S. Postal Service have broken down, and the parcel carrier will let the contract end in September. FedEx said in a regulatory filing that it couldn't reach an agreement to continue providing U.S. transportation services to USPS that included mutually beneficial terms to extend the contract. FedEx has provided domestic transportation services to USPS for over 20 years.
FedEx to Let Contract With U.S. Postal Service Lapse; UPS Strikes Deal
FedEx said talks to extend its contract with the U.S. Postal Service have broken down, and the parcel carrier will let the contract end in September. FedEx said in a regulatory filing that it couldn’t reach an agreement to continue providing U.S. transportation services to USPS that included mutually beneficial terms to extend the contract. FedEx has provided domestic transportation services to USPS for over 20 years.
3M's $10.3 Billion PFAS Settlement Gets Final Approval
3M's $10.3 Billion PFAS Settlement Gets Final Approval MMM 3M said its up to $10.3 billion settlement with U.S. public water suppliers tied to so-called forever chemicals received final approval from the U.S. District Court in Charleston, South Carolina.
UPS Strikes Air Cargo Deal in Expansion of USPS Partnership
By Will Feuer United Parcel Service said it has been awarded a significant air cargo contract by the U.S. Postal Service, a deal that builds on the parcel carrier's existing relationship with USPS. The new deal will make UPS the primary air cargo provider for the USPS.
OPKO Health Stock Rises 16% After Deal to Sell Assets to Labcorp
By Will Feuer Shares of OPKO Health rose after the biopharmaceutical and diagnostics company said it agreed to sell some of its assets to Labcorp for $237.5 million. The stock climbed almost 16% to $1.24 in afternoon trading. Shares are still down about 11% from a year ago. Earlier Thursday, BioReference Health, a unit of OPKO Health, said it would sell some of its lab-testing assets to Labcorp.
Gilead Says FDA Expands Approval of Chronic Hep-B Infection Treatment for Use in Kids
Gilead Says FDA Expands Approval of Chronic Hep-B Infection Treatment for Use in Kids GILD Gilead Sciences said the Food and Drug Administration has approved the expanded use of Vemlidy, its treatment for chronic hepatitis B virus infection, in certain kids ages six and older. Kids treated with the once-daily 25 mg tablet need to weigh at least 25 kg and have compensated liver disease, Gilead said.
Gilead Says FDA Expands Approval of Chronic Hep-B Infection Treatment for Use in Kids
By Will Feuer Gilead Sciences said the Food and Drug Administration has approved the expanded use of Vemlidy, its treatment for chronic hepatitis B virus infection, in certain kids ages six and older. Kids treated with the once-daily 25 mg tablet need to weigh at least 25 kg and have compensated liver disease, Gilead said. Vemlidy was approved by the FDA in 2016 as a once-daily treatment for adults with chronic HBV infection with compensated liver disease.
AMC Entertainment Files to Sell Up to $250 Million of Stock
By Will Feuer AMC Entertainment filed to sell up to $250 million worth of its stock in an at-the-market offering, a bid by the movie-theater chain to shore up its balance sheet after a soft first-quarter box office. The company said it could use the proceeds, if any, from the potential stock sales to bolster liquidity, pay down debt or other purposes. AMC said last year's Hollywood writers' and actors' strikes weighed on the box office in the first quarter.
Labcorp to Buy Some Lab-Testing Businesses From OPKO Health for $237.5 Million
By Will Feuer Laboratory Corporation of America, also called Labcorp, has agreed to buy certain laboratory testing businesses for $237.5 million from a subsidiary of OPKO Health, a move by the diagnostics company to deepen its presence in reproductive and women's health services. Labcorp will buy the lab-testing assets from BioReference Health, a unit of OPKO Health.
Walgreens Boots Alliance Posts Higher 2Q Sales, Narrows Earnings Guidance
Walgreens Boots Alliance posted higher sales for its fiscal second quarter and the pharmacy chain narrowed its fiscal-year adjusted earnings outlook, citing a challenging retail environment. The company reported a fiscal second-quarter loss of $5.91 billion, or $6.85 a share, for the three months ended Feb. 29, compared with a profit of $703 million, or 81 cents a share, in the comparable period a year earlier.
Walgreens Boots Alliance Posts Higher 2Q Sales, Narrows Earnings Guidance
By Will Feuer Walgreens Boots Alliance posted higher sales for its fiscal second quarter and the pharmacy chain narrowed its fiscal-year adjusted earnings outlook, citing a challenging retail environment. The company reported a fiscal second-quarter loss of $5.91 billion, or $6.85 a share, for the three months ended Feb. 29, compared with a profit of $703 million, or 81 cents a share, in the comparable period a year earlier.
Dole Scraps Sale of Vegetables Unit After DOJ Threatens to Sue
Dole Scraps Sale of Vegetables Unit After DOJ Threatens to Sue DOLE Fruit-and-vegetables distributor Dole said it is abandoning the sale of its fresh vegetables business to Fresh Express after the U.S. Department of Justice said it would sue to block the transaction. Dole said it disagrees with the Justice Department and believes the deal would have benefited customers.
Dole Scraps Sale of Vegetables Unit After DOJ Threatens to Sue
By Will Feuer Fruit-and-vegetables distributor Dole said it is abandoning the sale of its fresh vegetables business to Fresh Express after the U.S. Department of Justice said it would sue to block the transaction. Dole said it disagrees with the Justice Department and believes the deal would have benefited customers. Dole... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a subscriber? Log In
Carnival Earnings: Warns of Profit Hit From Baltimore Bridge Collapse
Carnival warned its full-year earnings will take a hit from the collapse of a key bridge in Baltimore that has halted vessel traffic at a port Carnival uses. The cruise operator said Wednesday it expects the disruption to hit annual adjusted earnings by up to $10 million. One of the company’s Carnival Cruise Line ships sailed year-round out of Baltimore, Chief Executive Josh Weinstein told investors on a conference call.
S&P Global Cuts Paramount Credit Rating Into Junk Territory - Update
S&P Global Cuts Paramount Credit Rating Into Junk Territory — Update PARA S&P Global cut its credit rating on Paramount Global to BB-plus from BBB-minus Wednesday, or what is considered junk territory, citing continuing cord cutting and elevated investments required to support the buildout of streaming services.
S&P Global Cuts Paramount Credit Rating Into Junk Territory
S&P Global cut its credit rating on Paramount Global to BB-plus from BBB-minus Wednesday, or what is considered junk territory, citing continuing cord cutting and elevated investments required to support the buildout of streaming services. “Paramount will need to execute its plan to substantially improve streaming losses over the next two years to mitigate further downside ratings pressure,” S&P said, adding that Paramount’s credit metrics are weak even for the BB-plus rating.
Krispy Kreme Stock Falls 12%, Giving Back Some Gains From McDonald's Deal
Krispy Kreme Stock Falls 12%, Giving Back Some Gains From McDonald's Deal MCD DNUT Shares of Krispy Kreme fell in afternoon trading, giving back some of Tuesday's gains as investors digested its newly expanded tie-up with burger giant McDonald's. The stock fell almost 12% to $15.35 in afternoon trading, after the stock gained 39% on Tuesday. From a year ago, shares are roughly flat.
Carnival Raises Adj. Profit Guidance But Warns on Hit From Baltimore Bridge Collapse
By Will Feuer Carnival raised its full-year adjusted earnings guidance, but the cruise operator warned it is still calculating an expected hit to profit from the collapse of a major bridge in Baltimore this week. The cruise operator posted a fiscal first quarter loss of $214 million, or 17 cents a share, for the three months ended Feb. 29, narrowed from a loss of $693 million, or 55 cents a share, in the comparable period a year earlier.
Kimberly-Clark to Reorganize, Overhaul Supply Chain in Bid to Rein in Costs
By Will Feuer Kimberly-Clark plans to reorganize its segments and overhaul its supply chain in the coming years, a bid by the maker of Kleenex tissues and Huggies diapers to rein in costs and streamline operations. Kimberly-Clark, which is hosting an investor day in New York on Wednesday, said it expects to book about $1.5 billion in restructuring... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime.
Blackstone to Fund Moderna's Flu Research With up to $750 Million
Blackstone to Fund Moderna's Flu Research With up to $750 Million MRNA BX Blackstone has agreed to fund up to $750 million of Moderna's research to develop a vaccine for influenza in return for royalties and payouts based on certain milestones. The tie-up shows how Moderna is tapping partners to help fund its research after the vaccine maker was hit by a slowdown in demand for its Covid-19 vaccine.
Krispy Kreme Stock Jumps After Doughnut Deal With McDonald's - 2nd Update
Krispy Kreme Stock Jumps After Doughnut Deal With McDonald's — 2nd Update MCD DNUT Shares of Krispy Kreme surged after the company said it reached a deal to sell its doughnuts at McDonald's restaurants across the U.S. The doughnut maker's stock jumped 29% to $16.09 in morning trading. Through Monday, shares were down nearly 21% from a year earlier.
Krispy Kreme Stock Jumps After Donut Deal With McDonald's - Update
Krispy Kreme Stock Jumps After Donut Deal With McDonald's — Update MCD DNUT Shares of Krispy Kreme surged after the company said it reached a deal to sell its donuts at McDonald's restaurants across the U.S. The donut maker's stock jumped almost 21% to $15.01 in recent premarket trading. Through Monday, shares were down nearly 21% from a year earlier.
Replimune Names Sushil Patel as CEO in Broader Shakeup
By Will Feuer Replimune Group, a clinical-stage biotechnology company, named Sushil Patel as its next chief executive officer, succeeding Philip Astley-Sparke, who will become executive chairman. The transition will happen April 1. Patel, who currently serves as Replimune's chief strategy officer, joined Replimune three years ago as chief commercial officer. Patel said the company is nearing commercialization of one of its drugs and entering a new phase as a company.
Sunnova Energy to Sell Solar, Battery-Storage Services at Home Depot
Sunnova Energy to Sell Solar, Battery-Storage Services at Home Depot HD NOVA Sunnova Energy International said it has struck a deal to sell solar and battery-storage services at more than 2,000 Home Depot stores, and that it will be their sole provider of solar and battery storage services in the U.S. and its territories.
3M Says $6 Billion Earplug Settlement Moves to Final Resolution
3M Says $6 Billion Earplug Settlement Moves to Final Resolution MMM 3M said its $6 billion settlement of allegations that its earplugs caused hearing loss among veterans is moving to final resolution with nearly all claimants participating. Of more than 293,000 claims, more than 249,000 claimants have agreed to participate in the settlement, 3M said. Another more than 41,000 claims have been dismissed by the courts.
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