Chemours Shares Fall Sharply After It Places CEO, CFO on Leave

The chemicals company said it is evaluating one or more potential weaknesses in its internal control over financial reporting. 


 
J.B. Hunt Sets Leadership Succession, Names Simpson as CEO

The freight heavyweight said CEO John Roberts III will become executive chairman this year on the retirement of Kirk Thompson. 


 
Best Buy's stock jumps after profit beat, as gaming growth offsets smartphone weakness

Best Buy's stock got a nice bump Thursday, after the retailer reported quarterly results that beat expectations, as growth in gaming sales helped offset continued pressure on other consumer electronics sales, including smartphones and tablets. 


 
FAA Gives Boeing 90 Days to Come Up With Quality-Control Plan

Boeing has been asked to develop a comprehensive action plan within 90 days to address quality-control issues, after the midair blowout of a door plug on an Alaska Airlines jet. 


 
GXO Logistics Steps Up Bidding War for Wincanton

The new offer marks a 26% premium over the latest bid from CMA CGM subsidiary Ceva Logistics. 


 
Hormel's stock surges as Planters nuts strength helps fuel an earnings beat

Shares of Hormel Foods Corp. rallied toward an eight-week high Thursday, after the food company, which has brands including Skippy, Spam, Dinty Moore and La Victoria, reported fiscal first-quarter results that beat expectations as demand increased across its business segments. 


 
Paramount's Big Game Is Still a Sideshow

The Super Bowl gave its beleaguered ad business a lift, though deal rumors still cloud the media giant's future. 


 
Apple Investors Grow Impatient on Artificial Intelligence

The iPhone maker is expected to unveil AI tools at its June developer conference after it has lagged behind tech peers with a clearer AI strategy. 


 
Bath & Body Works' disappointing guidance overshadows earnings beat

Bath & Body Works Inc.'s stock fell 8% early Thursday, after the soap and perfume retailer said it expects earnings to fall in fiscal 2024, overshadowing better-than-expected fourth-quarter numbers. 


 
Alibaba Cuts China Cloud Prices to Rekindle Division's Growth

Alibaba Group will cut cloud product prices in China to boost a promising division whose sales have slowed in recent quarters amid rising competition.


(END) Dow Jones Newswires

02-29-24 1115ET