Chemours Shares Slide Premarket as Execs on Leave Amid Probe

Shares the chemicals company fell sharply in premarket trading after a trio of executives were put on administrative leave amid an internal review of accounting practices and delayed its fourth-quarter earnings report. 


 
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. 


 
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. 


 
Air France-KLM Misses Forecasts as Israel-Hamas War Takes Toll

Air France-KLM's losses were worse than analysts expected for the fourth quarter after the Israel-Hamas war disrupted travel to the Middle East and its expenses continued to rise. 


 
Anheuser-Busch, Teamsters Avert Strike With Tentative Deal

The union, which represents about 5,000 brewery workers, had threatened to strike March 1 if a deal wasn't reached by Thursday. 


 
IAG Profits Surge as Travel Boon Continues

IAG posted above-forecast profits in 2023 as travel demand remained strong, with capacity for the fourth quarter at 98.6% of prepandemic levels.


(END) Dow Jones Newswires

02-29-24 0915ET