United Natural Foods, a grocery distributor based in Providence, R.I., experienced a significant decline in shares after reporting a loss in its fiscal fourth quarter. The company's profit was heavily impacted by decelerating inflation, which led to a decrease in procurement gains. As a result, the stock dropped by 21% to $14.95 during morning trading. This decline adds to the … [Read more...] about United Natural Foods Sees Tumble in Shares as Inflation Hits Profit
Forex News
Envestnet Names New Chief Financial Officer
Envestnet, a leading wealth management technology provider, has appointed Joshua Warren as their new chief financial officer. Warren, a former executive at BlackRock, will be replacing Peter D'Arrigo, who has served as the finance head for over a decade. A Phased Transition The transition will take place in phases, with Warren officially assuming his new role on November 15th. … [Read more...] about Envestnet Names New Chief Financial Officer
Pendragon Receives Unsolicited Acquisition Proposal from AutoNation
Pendragon, a leading U.K. motor dealership, announced that it has received an unsolicited proposal from AutoNation to acquire its entire share capital. The proposal, valued at 32 pence per share in cash, puts the business at an estimated worth of 448 million pounds ($547 million). While Pendragon acknowledges AutoNation's interest, they have noted that the proposal is subject … [Read more...] about Pendragon Receives Unsolicited Acquisition Proposal from AutoNation
Hollywood Writers’ Strike Ends with Deal, Boosting Netflix and Walt Disney Shares
Shares of Netflix (NFLX) and Walt Disney (DIS) were on the rise Wednesday as the Hollywood writers' strike came to a close. The Writers Guild of America reached a tentative deal with representatives from the movie-and-TV industry, leading to an increase in stock prices for both companies. Deal Details and Implications The Writers Guild of America (WGA) announced the agreement … [Read more...] about Hollywood Writers’ Strike Ends with Deal, Boosting Netflix and Walt Disney Shares
Plant Health Care Reports Narrowed Pretax Loss in First Half
Plant Health Care, a provider of proprietary biological products, has announced a narrowed pretax loss for the first half of the year. The company reported a pretax loss of $2.5 million for the six months ended June 30, compared to a loss of $6.3 million during the same period last year. Despite a 56% decrease in U.S. sales due to delayed purchases by distributors, Plant Health … [Read more...] about Plant Health Care Reports Narrowed Pretax Loss in First Half
