Stock News

Omnicom announces acquisition of LeapPoint

Omnicom Group (NYSE: OMC) said on Friday that its precision marketing division, Omnicom Precision Marketing Group (OPMG), had acquired digital advisory firm LeapPoint. Headed by co-founder and CEO Nik DeBenedetto, LeapPoint provides assistance to Fortune 1000 enterprises in optimizing the performance of their marketing organizations by strategically integrating people, processes and Adobe technology. The firm […] Read more

New York Times announces $0.13 quarterly dividend

New York Times Co (NYSE: NYT) said on Friday that its Board of Directors had authorized a regular quarterly cash dividend of $0.13 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on October 24th to shareholders of record as of the close […] Read more

GM to recall 18,235 vehicles over brake line issue

According to a statement by the National Highway Traffic Safety Administration, General Motors Company (GM) is set to recall 18,235 commercial vehicles in the United States due to faulty brake lines. “The brake line may have insufficient clearance to the body mounts, which can result in brake line damage that can lead to a brake […] Read more

Walt Disney to lay off nearly 300 staff in the US

According to a report by Deadline, citing sources, Walt Disney (NYSE: DIS) is set to lay off about 300 employees in the United States. The lay-offs are to affect the company’s corporate operations, including legal, HR, finance and communications. At the same time, the lay-offs will not impact Walt Disney Co’s operations at Parks, ESPN […] Read more

Thermon appoints new Chief Financial Officer

Thermon Group Holdings Inc (NYSE: THR), a leader in industrial process heating solutions, said on Wednesday that it had appointed Jan L. Schott as Senior Vice President and Chief Financial Officer, effective October 14th. Schott has over three decades of global financial, commercial and operational experience and a deep background across the energy verticals. Before […] Read more

KBR awarded $113 million Air Force task order

KBR Inc (NYSE: KBR) said on Monday that it had been awarded a $113 million task order to perform aeronautical systems research, development, test and evaluation for the Air Force Life Cycle Management Center Mobility Directorate at Wright-Patterson Air Force Base for a period of five years. Under the new contract, KBR will provide program […] Read more

Alaska Airlines faces IT outage, flight delays in Seattle

Alaska Airlines (NYSE: ALK) said on Monday that it had experienced an IT outage, which led to significant disruption to its operations, including flight delays. Alaska said it had issued a ground stop for arrivals in Seattle, which lasted for about 2 hours. On Sunday night, the company said on its X account there had […] Read more

Q2 Holdings appoints new Chief Financial Officer

Q2 Holdings Inc (NYSE: QTWO), a provider of digital transformation solutions for financial services, said on Monday that it had appointed Jonathan A. Price as its next Chief Financial Officer, effective November. Price has almost two decades of experience in corporate finance and operating leadership roles across investment banking, corporate strategy and the technology and […] Read more

Lennox announces $1.15 quarterly dividend

Lennox International Inc (NYSE: LII), a leader in energy-efficient climate-control solutions, said on Friday that its Board of Directors had authorized a regular quarterly cash dividend of $1.15 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on October 15th to shareholders of […] Read more

GM to lay off nearly 1,700 staff at Kansas facility

According to General Motors’ Worker Adjustment and Retraining Notification notice, the auto maker is set to lay off 1,695 workers at its Fairfax Assembly facility in Kansas. A spokesperson for GM said the first round of lay-offs would begin on November 18th and would affect 686 full-time workers temporarily, while terminating 250 temporary employees. Under […] Read more