Business

Check out the companies making headlines before the bell: Home Depot – Home Depot earned $2.08 per share for the first quarter, 3 cents a share above estimates. Both revenue and comparable-store sales were below Street forecasts, but the home improvement retailer attributes the shortfall to bad weather and is maintaining its full-year sales forecast.
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AT&T on Friday ousted its top lobbyist, and the No. 2 wireless carrier’s chief executive said it was a “big mistake” to hire Michael Cohen, President Donald Trump’s personal attorney, for advice on working with the Trump administration. AT&T paid Essential Consultants, a firm set up by Cohen, a total of $600,000 over 2017 for
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Also, she’s asked that shareholders vote against approving the company’s executive compensation plan — the so-called say on pay. Three independent proxy advisory firms — Institutional Shareholder Services, Egan-Jones Proxy Services and Glass Lewis & Co. — have come out in support of her position on rejecting the say-on-pay proposal and to withhold votes from
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Even some potential victims of modernisation have been borne in mind. Mikael Karlsson, a former driver and football coach, displays a fan of glossy homeless charity magazines and sports an ID badge with a QR code. Anyone wanting to buy a copy just has to scan the code with their app. “When I started, I
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Ford Motor could resume production of its best-selling F-150 pickups as early as Friday, May 18 in Dearborn and Kansas City, according to a source familiar with the automaker’s plans. Ford shut truck plants in Michigan, Missouri and Kentucky earlier this week because of parts shortages caused by a supplier fire in Michigan. Also on
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U.S. activist fund Elliott Management said it will vote against Hyundai Motor’s restructuring plan and urged other shareholders to reject the proposal to reform South Korea’s second-largest conglomerate. A Hyundai Motor executive responded that the proposed arrangements to simplify the automaker’s complex ownership structure would not change and promised higher returns for shareholders. “Elliott is
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Instagram | Elon Musk The new “Block 5” variation of SpaceX’s Falcon 9 rocket, rolling out to launchpad 39A at Kennedy Space Center, Florida. Being able to launch, land and launch again with minimal refurbishment between flights has been a central focus for SpaceX. The company has become quite successful at landing the largest part
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British luxury fashion house Burberry Group is suing Target Corp. for allegedly copying Burberry’s venerable check print pattern. According to the suit, filed in the Southern District of New York last week, Burberry is accusing Target for selling products — ranging from scarves, eyewear, luggage and stainless-steel bottles — that have “close imitations or counterfeits
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Reactions are split on California’s decision to mandate solar panels on new homes in the state. The measure, approved by California regulators in a unanimous decision on Wednesday, will require all new residential buildings, including apartments and condos that are three stories or fewer, to have rooftop solar panels starting in 2020. The California Energy
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