CarMax posts quarterly loss on goodwill charge, weak used-car demand
April 14 (Reuters) - Used car retailer CarMax reported a fourth-quarter loss on Tuesday, hurt by a goodwill impairment charge and shrinking margins from used vehicles. Shares of the Richmond, Virginia-based company fell 6.8% in premarket trading. The...
36m ago
Dow names insider Karen Carter CEO as Fitterling moves to executive chair role
April 14 (Reuters) - Chemicals maker Dow named operations chief Karen Carter as its new CEO on Tuesday, handing the reins to a long-time insider as the company grapples with weak demand, restructuring and a sweeping overhaul of its global footprint. ...
37m ago
ASML investors bet on 'picks and shovels' of AI revolution
By Toby Sterling and Nathan Vifflin AMSTERDAM, April 14 (Reuters) - Investors in, Europe's most valuable listed company, are betting the chip-equipment maker can raise financial forecasts when it reports first-quarter earnings on Wednesday, as demand f...
38m ago
Grocer Albertsons forecasts annual sales below estimates
April 14 (Reuters) - Albertsons forecast its annual sales below Wall Street estimates on Tuesday, pointing to pressure on demand from fierce competition with bigger rivals rolling out heavier discounts. The company expects fiscal 2026 identic...
39m ago
BetMGM cuts 2026 revenue forecast as punters win big in sports betting
April 14 (Reuters) - U.S. online gambling operator BetMGM cut its 2026 revenue outlook on Tuesday, citing a soft first quarter for its online sports betting business. The company, a joint venture between Ladbrokes-owner Entain and U.S.-based MGM Reso...
1h ago
