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PG&E shares fall after Suspending Dividend due to California Wildfires

PG&E shares fall after Suspending Dividend due to California Wildfires

PG&E Corp. (NYSE: PCG) shares fell by 14 percent on Thursday after the board had announced to suspend the quarterly cash dividend beginning in the fourth quarter of 2017. Shares have hit a new 52-week low after the announcement.The company ..

Chipotle CEO to step down to Refocus Company

Chipotle CEO to step down to Refocus Company

Chipotle Mexican Grill (NYSE: CMG) announced on Wednesday that co-founder and CEO, Steve Ells will step down from his CEO positions. Ells will remain as executive chairman, but now the fast food Mexican chain restaurant will begin searching for..

Emerson Electric withdraws $29 billion for Rockwell Automation

Emerson Electric withdraws $29 billion for Rockwell Automation

Emerson Electric Co. (NYSE: EMR) announced on Tuesday that it has withdrawn its bid for Rockwell Automation (NYSE: ROK) that was valued you at $29 billion. Emerson offered a proposal to Rockwell on November 16.Emerson offered $225 per share, co..

Kohl's Reported Worse-than-Expected Earnings, Shares Drop

Kohl's Reported Worse-than-Expected Earnings, Shares Drop

Kohl's Corporation (NYSE: KSS) reported worse-than-expected third-quarter earnings on Thursday. The results were influenced by higher costs and hurricanes. Shares of the company dropped 6.9% to $37.97 per share after the announcement.For the thi..

Yum Brands Beats on Third-Quarter Earnings and Revenue

Yum Brands Beats on Third-Quarter Earnings and Revenue

Yum! Brands, Inc. (NYSE: YUM), which owns brands including Pizza Hut, KFC and Taco Bell, announced its third-quarter financial results. Due to the improved performance at Pizza Hut division, both earnings and revenue beat analysts’ previous es..

Ralph Lauren’s Profit Beat Forecasts

Ralph Lauren’s Profit Beat Forecasts

On Thursday, Ralph Lauren (NYSE: RL) reported quarterly revenue and profit that beat Wall Street predictions following sales of their high end clothing at full price as well as keeping a close eye on costs which brought shares up more than 5%. The c..

Sony Predicts Highest Annual Profit

Sony Predicts Highest Annual Profit

On Tuesday, Sony (NYSE: SNE) announced forecasts of highest ever profit this year by restructuring the company and focusing more on gaming and image sensors. Since March of 1998, the company’s earnings have been soaring due to strong sales of ..