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11/12: CBS Morning News 21:32 Costco recalled nearly 80,000 pounds of store-brand butter last month because the product’s label was missing a key ingredient: milk. The wholesaler recalled 79,200 pounds of two varieties of butter — 46,800 pounds of its Kirkland Signature Unsalted Sweet Cream Butter, and 32,400 pounds of Kirkland Signature Salted Sweet Cream Butter because it omitted the allergen. The Food and Drug Administration Butter said both products
By Anirban Sen NEW YORK (Reuters) – Pfizer (PFE) is exploring the sale of its hospital drugs unit, as the drugmaker, which has been under pressure from activist investor Starboard Value, looks to divest non-core assets, according to three people familiar with the matter. The unit, now called Pfizer Hospital, was formed after Pfizer bought Hospira for about $17 billion in 2015. The pharma giant has hired Goldman Sachs to
Tesla Stock Is Dropping Because Trees Don’t Grow to the Sky Source link
Hong Kong — President-elect Donald Trump has threatened to slap up a tariff of up to 60% on all goods imported to the U.S. from China. While that may sound like a potent economic threat to a country where economic growth is already faltering, could it actually be just what China needs? “I do expect U.S.-China economic relations to be more volatile under Trump, but I think overall, this may
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Plug Power Stock Keeps Falling on Wider Losses and a Trump Win Source link
EVgo Inc (NASDAQ:EVGO) shares are trading higher after the company reported third-quarter sales growth of 92% year-on-year to $67.535 million, beating the consensus estimate of $65.952 million. Revenue growth was primarily driven by year-over-year increases in charging network and eXtend revenues. EVgo’s network throughput for the quarter was 78 Gigawatt-hours (GWh), a growth of 111% year-over-year. The company added over 147,000 new customer accounts during the third quarter, bringing the overall number of customer accounts to more than 1.2 million at quarter end. Adjusted gross profit for the
Check out the companies making headlines before the bell. Shopify — The e-commerce platform operator popped 14% after posting third-quarter operating income of $283 million, up from $122 million in the same quarter a year ago. Shopify’s revenue of $2.16 billion also came above a FactSet estimate of $2.12 billion. Home Depot — Shares of the home improvement retailer rose 1.7% after the company topped earnings expectations and lifted its
