Financial News

Animal Welfare Concerns Can Bring Risks to Leisure, Entertainment Companies, Fitch Ratings Says

Animal Welfare Concerns Can Bring Risks to Leisure, Entertainment Companies, Fitch Ratings Says

Fitch Ratings said on Friday that leisure and entertainment companies can see risks to their reputation over animal welfare concerns, and incidents involving animals can lead to a credit profile deterioration as companies change their business models to deal with problems. “Animal welfare issues can expose companies in the US leisure and entertainment-related sectors to reputational and brand risk that […]

Parsley Energy ‘Attractive’ for Any Type of Buyer, Says CEO

Parsley Energy ‘Attractive’ for Any Type of Buyer, Says CEO

Parsley Energy (PE) will be “attractive” for any potential buyer as the company expects to generate positive free cash flow in H2, Bloomberg reported on Friday, citing CEO Matt Gallagher. “We are attractive for purchasers whatever type of investor it is,” Gallagher said in a phone interview with Bloomberg on Thursday. He declined to say if the US shale driller […]

Crude Ends Week Lower as IEA Cuts Demand Growth Projections, Outweighing Risk of Oil Flow Choking in Middle East

Crude Ends Week Lower as IEA Cuts Demand Growth Projections, Outweighing Risk of Oil Flow Choking in Middle East

Crude oil fell this week after the International Energy Agency projected slower-than-expected growth in demand in the second quarter, outweighing the impact on prices this week of attacks on two oil tankers in the Strait of Hormuz, a passage on the south coast of Iran to almost a fifth global oil flows. West Texas Intermediate futures rose by 0.6% to […]

John Wiley Releases Full-Year Guidance

John Wiley Releases Full-Year Guidance

Research and education company John Wiley & Sons (JW.A, JW.B) released full-year guidance on Tuesday as it posted better-than-expected fourth-quarter results which were helped by growth in its research, education and test preparation business units. The Hoboken, NJ-headquartered company reported revenue of $491.2 million in the three months ended April 30, up 3% from the corresponding quarter of the prior […]

Zuora Shares Crater as Fiscal 2020 Guidance Cut While CEO Sees Need to Improve Sales Execution

Zuora Shares Crater as Fiscal 2020 Guidance Cut While CEO Sees Need to Improve Sales Execution

Zuora (ZUO) cut its guidance for the full year as the software company undertakes a sales reorganization, prompting Morgan Stanley to cut its price target on the stock even after fiscal first-quarter revenue was in line with Wall Street’s expectations and its loss narrowed year on year. Late Thursday, the company said it sees fiscal 2020 subscription revenue of $200 […]

PCE Price Index Rises in Line With Expectations as Incomes Grow, Spending Slips in April

PCE Price Index Rises in Line With Expectations as Incomes Grow, Spending Slips in April

Personal consumption expenditure price inflation accelerated in April, matching analysts’ expectations while incomes increased and consumer spending slowed, government data showed on Friday. The PCE price index rose 0.3% last month from 0.2% in March, the Bureau of Economic Analysis said. That was in line with the consensus on Econoday. The reading on core prices, which excludes food and energy, […]