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CVS Health (CVS) on Friday named company veteran David Joyner as new CEO, succeeding Karen Lynch who stepped down from the helm of the struggling healthcare giant after an agreement with the board.Shares of the company tumbled 11% to $57 in premarket trading.Joyner, who is the president of the company’s pharmacy benefit manager CVS Caremark, takes over as president and CEO from Friday, the company said.The change comes on the back of repeated profit forecast cuts this year as the company’s insurance segment has struggled with rising medical costs.”The board believes this is the right time to make a change,…
Image source: Getty Images Wealth manager M&G‘s (LSE: MNG) one of the highest-yielding passive income stocks on the entire FTSE 100 with a trailing yield of 9.44%. That’s why I bought it. If M&G can maintain shareholder payouts I can expect a steady stream of dividends over the years. In fact, I received a payment today, and didn’t have to lift a finger to get it. That’s why they call it passive income. I bought M&G shares on three occasions last year – in July, September and November. In total, I invested £4,000. The M&G share price has gone nowhere,…
People are reflected in a window displaying a poster of newly appointed Hamas leader Yahya Sinwar.Chris Mcgrath | Getty Images News | Getty ImagesIsraeli Foreign Minister Israel Katz on Thursday said Hamas leader Yahya Sinwar was killed by Israel’s military forces.”The elimination of Sinwar creates an opportunity for the immediate release of the hostages and a potential change that could lead to a new reality in Gaza—without Hamas and without Iranian control,” he said in a statement, according to NBC News.Israeli Prime Minister Benjamin Netanyahu said in a press statement that, although Sinwar’s death is “a significant milestone,” for Israel…
DUBLIN – Eaton (NYSE:), a global power management company, has announced the appointment of A.D. Naik as Senior Vice President of Financial Planning & Analysis (FP&A) and Finance Transformation, starting October 23, 2024. Naik, who is currently serving as the Senior Vice President of Finance for the Electrical Sector, will be responsible for leading Eaton’s global FP&A and finance transformation strategy. Naik’s extensive experience includes previous roles as Vice President, Controller of the Electrical Sector, and Vice President of Finance & Planning for the Vehicle Group at Eaton. Before joining the company, he was involved in financial controls, planning, analysis,…
(Reuters) – Start your electric engines, Tesla is the first of the “Magnificent Seven” to report earnings, while finance chiefs descend on Washington and markets get a taste of how business activity is holding up in October just as the U.S. election looms. Here’s your look at what matters for … Source link
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By Volodymyr Pavlov and Vitalii Hnidyi KUPIANSK, Ukraine (Reuters) – Yuliia Baibak could not bear another Russian air strike on her neighbourhood before evacuating her parents from the besieged Ukrainian city of Kupiansk. “I came (to my parents) all white, crying and scared, and said, ‘Either we leave or they’ll kill us all here,'” she said on Thursday while helping her wheelchair-bound mother to a car. Baibak and her parents were among the thousands slated for mandatory evacuation this week from Kupiansk and several surrounding settlements as Russian forces bore down on the strategic hub in northeastern Ukraine. Kyiv’s troops…
Iridium Communications Inc (NASDAQ:) reported robust third-quarter results for 2024, with total revenue reaching $212.8 million, an 8% increase year-over-year. The company’s operational EBITDA hit a record $124.4 million, primarily driven by service revenue growth. Key Takeaways: Total revenue increased 8% to $212.8 millionService revenue rose 6% to $133.3 millionOperational EBITDA reached a record $124.4 millionCompany returned $146 million to shareholders through dividends and share repurchasesFull-year service revenue growth guidance updated to approximately 5% Company Outlook Anticipates generating $1 billion in service revenue by 2030Expects operational EBITDA between $465 million and $470 million for the full yearProjects pro forma free…
By Tom Westbrook, Dhara Ranasinghe and Naomi RovnickSINGAPORE/LONDON (Reuters) – Global investors are buying China and betting last month’s rally has legs, but few are willing to go large until there are far more concrete signs that the economy and earnings will improve.The sentiment shift has been fast and furious, spurring billions of investor cash that had been diverted to India and Japan rushing back to bring China exposures from near record lows towards neutral or market-weight.In just a month, the proportion of Asia fund managers building exposure in China jumped from 8% to 31%, according to a Bank of…