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Salesforce’s CEO resigns, Walt Disney’s Robert Iger leaves

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02/26/2020 | 11:14am EDT

The impact of the coronavirus is in every yearly results report. In other news, the transfer of power at Disney, an event not so frequent, makes headlines. There is also a change of management at Salesforce.


Earnings season. Lowe's, Rio Tinto, Iberdrola, Hermès, Danone, Aena, Thales, Wolters Kluwer, Peugeot, Cellnex or Edenred are among companies reporting earnings.

Marc Benioff alone. Salesforce.com announced the resignation of its co-CEO Keith Block, making Marc Benioff the sole owner of the enterprise software company.

New European purchase for Blackstone. Blackstone is purchasing UK student housing company iQ from Goldman Sachs and the Wellcome Trust charity for £4.66 billion ($5.7 billion).

Tough competition. Lowe’s reported lower-than-expected quarterly sales and expects lower than expected annual results due to competition from Home Depot.

New vegan horizons. Beyond Meat’s shares rose by 7% after Starbucks announced the sale of its meat substitute sandwiches in its Canadian stores.

New management. Walt Disney boss Roberts Iger leaves the Group's general management and is replaced by Bob Chapek, who remains Chairman of Creative Activities until 2021. Chapek becomes the 7th CEO of the company in 100 years. The members of the Board of Directors voted unanimously in favor of this solution.

Precautionary principle. Nestlé suspends business travel until March 15 due to the coronavirus. "We will review this measure in the light of external developments," the Vevey Group said in a note to its employees.

In other news. The US aviation authorities have asked Boeing to make further revisions to parts of the B737 MAX. Lufthansa plans to deploy cost-saving measures to limit the impact of the coronavirus on its operations. Virgin Galactic is still planning its first trip into space this year. Bloomberg says Iovance Biotherapeutics is up for sale. Panasonic withdraws from Tesla's two photovoltaic module project in New York State.

Some results. Adecco exceeds earnings expectations but suffers on activity in Q4 and January. Solvay is beefing up its savings plan after its 2019 results.

Stocks mentioned in the article
ChangeLast1st jan.
ADECCO GROUP AG 3.70% 38.14 Delayed Quote.-39.61%
AENA S.M.E., S.A. 0.00%End-of-day quote.-41.63%
BEYOND MEAT, INC. 0.77% 66.6 Delayed Quote.-11.90%
BOEING COMPANY (THE) -2.06% 149.14 Delayed Quote.-53.25%
CELLNEX TELECOM 0.00%End-of-day quote.8.03%
DANONE 2.66% 58.64 Real-time Quote.-20.65%
EDENRED 0.18% 38.09 Real-time Quote.-17.38%
HERMÈS INTERNATIONAL -1.72% 628.8 Real-time Quote.-5.61%
IBERDROLA 0.00%End-of-day quote.-2.14%
IOVANCE BIOTHERAPEUTICS, INC. -0.02% 29.935 Delayed Quote.8.16%
LOWE'S COMPANIES, INC. -3.00% 86.05 Delayed Quote.-28.15%
LUFTHANSA GROUP AG -1.38% 8.562 Delayed Quote.-47.82%
NESTLÉ S.A. -0.35% 99.45 Delayed Quote.-7.01%
PANASONIC CORPORATION -2.46% 837.9 End-of-day quote.1.29%
PEUGEOT 3.36% 12.165 Real-time Quote.-42.89%
RIO TINTO GROUP -3.39% 84.57 End-of-day quote.-14.56%
SALESFORCE.COM, INC. -3.92% 143.98 Delayed Quote.-11.47%
SOLVAY 1.56% 66.38 Delayed Quote.-35.74%
TESLA, INC. 4.36% 524 Delayed Quote.25.26%
THALES 4.63% 76.38 Real-time Quote.-17.44%
THE BLACKSTONE GROUP INC. -3.62% 45.57 Delayed Quote.-18.54%
VIRGIN GALACTIC HOLDINGS, INC. 0.14% 14.78 Delayed Quote.27.97%
WALT DISNEY COMPANY (THE) -3.21% 96.6 Delayed Quote.-33.21%
WOLTERS KLUWER 2.92% 64.18 Delayed Quote.-1.29%

Romain Fournier
© MarketScreener.com 2020
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