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WeWork’s new chairman defends payouts to founder, says company will survive

5 hours ago NAMEX Comments Off on WeWork’s new chairman defends payouts to founder, says company will survive
(Reuters) – WeWork’s new Executive Chairman Marcelo Claure on Wednesday defended huge payouts to the office-sharing company’s founder Adam Neumann and said there is now “zero risk of the company going bankrupt,” according to an audio recording of a meeting he held with employees that was reviewed by Reuters. FILE PHOTO: A WeWork logo is Read More

EBay forecasts holiday-quarter revenue below estimates, shares fall 3%

6 hours ago NAMEX Comments Off on EBay forecasts holiday-quarter revenue below estimates, shares fall 3%
(Reuters) – EBay Inc (EBAY.O) forecast current-quarter revenue below Wall Street estimates on Wednesday, as it faces fierce competition from bigger rivals Amazon.com (AMZN.O) and Walmart Inc (WMT.N) in the run-up to the crucial holiday shopping season. FILE PHOTO: The eBay logo is pictured on a phone screen in this photo illustration in New York, Read More

Huawei exposure roils Xilinx’s revenue forecast

6 hours ago NAMEX Comments Off on Huawei exposure roils Xilinx’s revenue forecast
(Reuters) – Xilinx Inc (XLNX.O) on Wednesday forecast current-quarter and full-year revenue below Wall Street estimates, the second major chipmaker this week to flag the impact of a prolonged U.S.-China trade dispute on its business. FILE PHOTO: A Xilinx sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Read More

Martin Midstream Partners Reports Third Quarter 2019 Financial Results and Revised Guidance

7 hours ago NAMEX Comments Off on Martin Midstream Partners Reports Third Quarter 2019 Financial Results and Revised Guidance
Execution of Strategic Initiatives Continues with Sale of East Texas Pipeline Quarterly Distribution Coverage Ratio Above Internal Forecast Update on Structure Damage at Neches Terminal KILGORE, Texas, Oct. 23, 2019 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (Nasdaq:MMLP) (the “Partnership”) announced today its financial results for the third quarter of 2019. Ruben Martin, President and Read More

Amplify Energy Announces Third Quarter 2019 Earnings Release Date

7 hours ago NAMEX Comments Off on Amplify Energy Announces Third Quarter 2019 Earnings Release Date
HOUSTON, Oct. 23, 2019 (GLOBE NEWSWIRE) — Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report third quarter 2019 financial and operating results on November 6, 2019. Following the announcement, management will host a conference call at 10:00 a.m. CT to discuss the Company’s results. Interested parties are invited Read More

WeWork’s Claure warns layoffs are coming

8 hours ago NAMEX Comments Off on WeWork’s Claure warns layoffs are coming
FILE PHOTO: The WeWork logo is displayed outside of a co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – WeWork’s new executive chairman Marcelo Claure wrote in a memo to employees on Wednesday that layoffs were in the works at the U.S. office-space sharing start-up Read More

Workers in pain: Employers take a new twist to prevent costly injuries

8 hours ago NAMEX Comments Off on Workers in pain: Employers take a new twist to prevent costly injuries
NEW YORK (Reuters) – Your job does not have to be physically demanding to literally be a pain in the neck, or knee, or lower back. FILE PHOTO: A physical therapy room is seen at an onsite health clinic at the Intel corporate campus in Hillsboro, Oregon, U.S., April 25, 2018. REUTERS/Caroline Humer/File Photo Musculoskeletal Read More

US STOCKS-Wall Street treads water as chip stocks, Nike fall

9 hours ago NAMEX Comments Off on US STOCKS-Wall Street treads water as chip stocks, Nike fall
NEW YORK (Reuters) – The benchmark S&P 500 was little changed on Wednesday as lackluster quarterly reports from Texas Instruments Inc (TXN.O) pushed down semiconductor stocks and the departure of Nike Inc’s (NKE.N) chief executive weighed on the company’s shares. A trader works on the floor at the New York Stock Exchange (NYSE) in New Read More

How will Amazon deliver in its second biggest market?

10 hours ago NAMEX Comments Off on How will Amazon deliver in its second biggest market?
MANNHEIM, Germany (Reuters) – Every half an hour, 50 vans sweep into Amazon’s distribution center in Mannheim, Germany and sweep out again with up to 200 parcels and a precise delivery plan in each. The tightly choreographed morning operation is designed to maximize speed and minimize costs, preconditions for the success of Amazon’s rapid expansion Read More

Caterpillar cuts profit outlook as China construction sales slump

11 hours ago NAMEX Comments Off on Caterpillar cuts profit outlook as China construction sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair Read More