- Campbell Soup reported net income for the first quarter of its fiscal year of $309 million, compared to $166 million a year earlier. Its guidance for the second quarter of sales growth of 5% to 7% and adjusted EPS of 81 to 83 cents are below analyst expectations.
- Mastercard has declared a quarterly cash dividend of 44 cents per share, an increase of 10%. The Board of Directors also approved a new share repurchase program, authorizing the Company to repurchase up to $6 billion of its Class A common shares.
- Rumors are circulating that SoftBank is being gradually delisted from the stock market.
- Nestlé invests $550 million in Purina in the United States.
- Allied Universal and G4S agree to merge on the basis of a £3.8 billion offer.
- Vale sells its plant in New Caledonia to the Prony Resources consortium, which includes a 50% local interest and Trafigura.
- Information from Bloomberg suggests that Baxter has approached Omnicell for a buyout.
- Tesla will launch a $5 billion capital increase to finance its projects, while Elon Musk is leaving California for Texas.
- According to CNBC, DoorDash shares were placed at $102 during the IPO, above the envisaged range, valuing the company at $38.7 billion.
- The Brazilian company Gol is the first to fly The Boeing Company's 737Max.
- Signify is targeting 5% annual sales growth over the period 2021 to 2023 and provides a 2020 forecast for its Investor Day.
- Apple launches AirPods at $549 for the holidays.
- Clariant appoints Conrad Keijzer as CEO.
- Roche partners with Moderna to test its Covid vaccine.
- Arbonia raises its 2020 targets.
- Wisekey finalizes a financing agreement for the acquisition of Arago.
GLOBAL MARKETS LIVE: DoorDash, Mastercard, Campbell Soup…
In the news today, the IPO of DoorDash, the merger between Allied Universal and G4S or the rumors about SoftBank. There is also talk of Vale, Tesla, Clariant and Signify.