ADVFN US – Market Content Editor
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Alphabet CEO Pichai’s 2022 Compensation Over $200 Million
Alphabet’s CEO Sundar Pichai was awarded an estimated $226 million in compensation in 2022, the company said in filings filed with authorities on Friday. This is more than 800 times the median salary of an employee. Pichai’s compensation also included a stock grant of approximately $218 million, according to the filings. The pay gap comes…
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Amazon Shares Hit Their Highest Level Since February 3 On Hopes Of Strong Sales
Shares rose to their highest level in more than two months on Friday after a research firm predicted that the world’s largest e-commerce giant Amazon’s retail business in North America would beat Wall Street analysts’ expectations. Shares of Amazon (NASDAQ:AMZN) rose 3.77% to $107.725, their highest since Feb. 3, bringing the Seattle company’s stock market…
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Bed Bath & Beyond Files For Bankruptcy Protection After Financial Difficulties
Bed Bath & Beyond Inc, a leading US home goods chain with a history of 52 years, has filed for bankruptcy protection and commenced a liquidation sale on Sunday (local time). This company, which attracted attention as a ‘meme stock’ on Wall Street, has warned of the possibility of bankruptcy due to financial difficulties for…
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Paramount Settles with Investors in Viacom-CBS Merger Lawsuit
Paramount Global has agreed to pay $167.5 million to investors to settle a lawsuit resulting from the 2019 merger between entertainment company Viacom Inc and CBS Corporation. It was stated in the documents submitted to the authorities. According to filings released Friday by the Securities and Exchange Commission (SEC), Paramount (NASDAQ:PARA) and investors agreed to…
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Lyft’s New CEO Risher Announces Additional Layoffs, Shares Soar
David Risher, CEO of ride-hailing service Lyft Inc, announced on Friday that it will cut jobs “significantly” through another round of layoffs to cut costs. The announcement sent the company’s share price jumping. The company declined to provide details on how many employees would be affected by the move, but the Wall Street Journal previously…
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US Futures, European Stocks Slip, With Earnings in Focus
In the U.S., futures for the S&P 500 were down 0.5% and futures for the Dow Jones Industrial Average fell 0.5%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.2% in morning trading. Koninklijke Philips rose 9.3% and THG climbed 6.4%. On the other…
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Top Company News of the Day
Credit Suisse Details Painful Final Days Before Rescue The Swiss bank gave a glimpse of its chaotic final weeks before a rescue by UBS in a first-quarter earnings report that showed revenue diving and customers rushing to pull deposits. J&J Consumer-Health Unit’s Listing to Test IPO Market The company is poised to begin a roadshow…
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Lyft to cut jobs, HCA Smashes Earnings Expectations
Lyft to Cut at Least 1,200 Jobs in New Round of Layoffs The latest cuts could impact 30% or more of the ride-sharing company’s more than 4,000 employees. P&G Earnings Powered by Higher Prices, Again The maker of Tide and Gillette increased product prices by 10% in the quarter that ended in March. Tesla raises…
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Tesla Raises Prices After Share Drop, Procter & Gamble Raises Prices
Tesla Raises Prices After Share Drop Tesla (NASDAQ:TSLA) has raised the prices of its two most expensive models, hours after its shares dropped due to concerns that its aggressive price-cutting policy would harm profits. The electric car maker is lowering prices in the US to boost demand and fill its factories in California, Texas, Germany,…
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Eurozone Activity Rises, UK Retail Sales Contract in March, Japan’s Inflation Outpaces Expectations
Rapid Support Forces Announce Ceasefire The Rapid Support Forces, a militia group fighting against Sudan’s ruling military junta, has announced a 72-hour ceasefire for the Muslim holiday of Eid al-Fitr, with the purpose of opening up humanitarian corridors to evacuate citizens. The army has not responded to the announcement. Previous attempts at a ceasefire since…