Shaw says safely delivering reliable and resilient service is the foundation of the Norfolk Southern strategy

“A safer railroad is a better railroad. The events of the last few months have strengthened our commitment to leading the industry in rail safety,” Shaw said. “Every day our company is entrusted with the responsibility of safely moving the goods and materials that drive the U.S. economy. We earn that trust by doing what we… Continue reading Shaw says safely delivering reliable and resilient service is the foundation of the Norfolk Southern strategy

Valvoline Announces Commencement of Tender Offer to Repurchase up to $1.0 Billion in Value of Its Common Stock

LEXINGTON, Ky., May 11, 2023 /PRNewswire/ — Valvoline Inc. (NYSE: VVV), a trusted leader in preventive automotive maintenance delivering quick and convenient service, today announced that it has commenced a modified “Dutch auction” tender offer to repurchase up to $1.0 billion in value of shares of its common stock at a price not greater than $40.00… Continue reading Valvoline Announces Commencement of Tender Offer to Repurchase up to $1.0 Billion in Value of Its Common Stock

Satyen Sail joins as Mobility Business Head at Magenta Mobility

Magenta Mobility, an integrated Electric Mobility solutions provider, has appointed Satyen Sail as its new Mobility Business Head as the company gears up for growth post its recent investment. Satyen has over 27 years of work experience with international brands such as Coca-Cola, Vodafone, Kingfisher, and Reliance. He has also been an entrepreneur and a… Continue reading Satyen Sail joins as Mobility Business Head at Magenta Mobility

StanChart to hire at least 100 for new China investment banking unit

Standard Chartered is hiring at least 100 staff in China as the British lender gears up to launch an investment banking unit in the country targeting niche bond deals, the chairman-designate of the new entity said. The Beijing-based unit, which was awarded a licence in January, is being targeted for launch as early as the end of this… Continue reading StanChart to hire at least 100 for new China investment banking unit

TrueCar Releases First Quarter 2023 Financial Results and Stockholder Letter

Live call and webcast will occur on May 9 at 9:00 a.m. ET SANTA MONICA, Calif., May 8, 2023 /PRNewswire/ — TrueCar, Inc., (NASDAQ:TRUE) today announced financial results for the first quarter ended March 31, 2023 in a stockholder letter, which is available HERE and on the TrueCar investor relations website at ir.truecar.com. The company will… Continue reading TrueCar Releases First Quarter 2023 Financial Results and Stockholder Letter

Q1 2023 Borgwarner Inc Earnings Call

Participants Frederic B. Lissalde; President, CEO & Director; BorgWarner Inc. Kevin A. Nowlan; Executive VP & CFO; BorgWarner Inc. Patrick Nolan; VP of IR; BorgWarner Inc. Adam Michael Jonas; MD; Morgan Stanley, Research Division Colin M. Langan; Senior Equity Analyst; Wells Fargo Securities, LLC, Research Division Daniel Murphy Emmanuel Rosner; Director & Research Analyst; Deutsche… Continue reading Q1 2023 Borgwarner Inc Earnings Call

Carvana shares soar on upbeat forecast, short squeeze

May 5 (Reuters) – Carvana Co’s (CVNA.N) shares soared as much as 55% on Friday after the struggling online used-car retailer’s surprise second-quarter profit forecast caught bearish investors on the wrong foot. Carvana endured a turbulent 2022 as the company struggled to offload used cars purchased at higher prices during the pandemic due to weak… Continue reading Carvana shares soar on upbeat forecast, short squeeze

Club meeting recap: Fed in Focus, Estee Lauder, earnings roundup

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Fed decision day Sit tight on Estee Lauder Earnings roundup: AMD, SBUX, F 1. Fed decision day Equities were mixed Wednesday morning ahead of the Federal Reserve’s announcement on interest… Continue reading Club meeting recap: Fed in Focus, Estee Lauder, earnings roundup

New HBCU Science and Technology Council Established at Universities Space Research Association

WASHINGTON, May 3, 2023 /PRNewswire/ — Universities Space Research Association (USRA) is proud to announce the establishment of a new Council – the Historically Black Colleges and Universities Science and Technology Council (HBCU S&T Council). This Council aims at fostering more collaborative opportunities for R&D in space-related disciplines between USRA, HBCU faculty and students, and… Continue reading New HBCU Science and Technology Council Established at Universities Space Research Association