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Best Buy's board is investigating allegations that Chief Executive Corie Barry had an inappropriate romantic relationship with a fellow executive, who has since left the electronics retailer reports the Wall Street Journal. The allegations were sent to the board in an anonymous letter dated Dec. 7....
Once again, we’re heading into earnings season. All publicly traded companies are required by law to disclose their revenues, earnings, and other financial data quarterly, and the reports generally start coming in a few weeks after each calendar quarter ends. And now it’s time for the Q4 2019 reports to start coming in.Earnings season always generates a spate of analyst predictions, and this time is no different. Looking back, market watchers note that 2019 saw a series of lackluster quarters – that nevertheless did not impede stock performance. Companies compensated by reducing their forward guidance and then clearing that lower bar.So far, it seems that this is likely to happen once again. Bank of America’s securities strategists wrote, “We expect to see a 2% beat in 4Q earnings. Estimates have reset sufficiently, in our view.” At the same time, analysts are expecting stock prices to continue rising, with any pullback likely...
A new report from the National Institute on Retirement Security has found that 40 percent of retirees rely entirely on social security for income during retirement. Bone Fide Wealth President, Douglas Boneparth joins Yahoo Finance to discuss this report....
Analysts at UBS downgrading the stock to “neutral” saying they see the company at a “bit of a crossroads” entering 2020, in terms of capitalizing on opportunities like the Olympics, European football championship and the U.S. election, while keeping the network safe and secure. ...
The Wall Street Journal reported that the letter, dated Dec. 7, claimed Barry had a romantic relationship for years with former Best Buy Senior Vice President Karl Sanft. Best Buy said the audit committee of the board has retained outside counsel, Sidley Austin LLP, to conduct the review....
(Bloomberg) -- Boeing Co. has identified a new software flaw in the grounded 737 Max that will require additional work, possibly further delaying the plane’s return to service.The company alerted the U.S. Federal Aviation Administration and is notifying customers and its suppliers, it said in an emailed statement. Boeing’s best-selling jet was grounded on March 13 after two fatal crashes involving a flight-control system.The issue involves how software on the plane checks itself to ensure it’s receiving valid data, said a person familiar with the issue who wasn’t authorized to speak publicly about it. It occurs when the system is initially starting up, the person said.“We are making necessary updates and working with the FAA on submission of this change, and keeping our customers and suppliers informed,” Boeing said in its statement. “Our highest priority is ensuring the 737 MAX is safe and meets all regulatory requirements before it returns to...
An Indiana man charged with negligent homicide in his young granddaughter’s fatal fall from a cruise ship’s open window in Puerto Rico leaned out of that window for several seconds before he lifted the child up to it and she fell, the cruise operator alleges in a court filing. Royal Caribbean Cruises' Jan. 8 filing in U.S. District Court in Miami comes in response to a lawsuit t he parents of Chloe Wiegand filed in December, accusing the operator of negligence in her death by allowing an 11th floor window in the ship’s children's play area to be open. Royal Caribbean, which is seeking the lawsuit’s dismissal, lays the blame for the child’s fatal fall on her 51-year-old grandfather, Salvatore Anello....
