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News Highlights: Top Company News of the Day - Wednesday at 11 AM ET

Dow Jones08-28

 
Super Micro Stock Sinks on Annual Report Filing Delay 
 

The server maker will delay filing its form 10-K for the fiscal year ended June 30.

 
Berkshire Hathaway's Market Cap Passes $1 Trillion. The Stock Is Rising. 
 

Warren Buffet's investment company could become the eighth American company to close at a market cap above $1 trillion.

 
Shoppers Are Still Spending at the Mall-but They Are Picky 
 

Abercrombie, Foot Locker, Kohl's, Nordstrom and other mall chains reported mixed quarterly results.

 
Chewy's stock jumps 3% premarket after profit beats by a wide margin 
 

Chewy now has 20 million active customers and net sales per active customer are a record $565.

 
Smucker beats profit estimate but lowers full-year earnings view 
 

J.M. Smucker Co.'s stock was down 5.5% Wednesday after the packaged-food giant reduced its full-year profit outlook, although it topped analyst estimates for its first-quarter profit.

 
BYD's Profit Rose Despite Slowing China Demand 
 

The Chinese EV giant said first-half net profit rose on higher electric-vehicle sales despite weak demand in the world's largest auto market.

 
GSK shares jump on win in Delaware court over ongoing Zantac battle 
 

Delaware's top court ruled in GSK's favor in saying it will review the admissibility of expert evidence in an upcoming trial over possible cancer risks from its Zantac heartburn remedy

 
Tool Up for Lower Rates With Stanley Black & Decker 
 

Having gone through cost cutting, the toolmaker is poised to benefit from a housing rebound.

 
Canada Goose, Known for Heavyweight Parkas, Leans Into T-Shirts and Shorts 
 

With a broader assortment of clothing and other items, executives hope to lure in new shoppers and keep existing ones.

 
CrowdStrike Ends Turbulent Quarter, Battered but Standing 
 

The cybersecurity vendor is set to release earnings Wednesday, its first quarterly report since causing a global tech outage in July.

 
 

(END) Dow Jones Newswires

August 28, 2024 11:00 ET (15:00 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Comment1

  • kylyn
    ·08-28
    A super red flag. If there was any salvaging they would have said something already 
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