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CBS (CBS) has suspended its search for a new chief executive, extending the term of its interim general manager, Joe Ianniello, until the end of the year. This decision revived speculation that CBS and Viacom (VIAB) could again explore a potential merger.
Texas Instruments (TXN) announced a quarterly profit of $ 1.26 per share, 13 cents higher than estimates, with the chip maker's revenue also exceeding Wall Street's forecast. However, the company warned that a slowdown in microchip demand could last a few more quarters.
STMicroelectronics (STM) reduced its spending target for the full year, as demand for smartphones and other semiconductors declined.
EBay (EBAY) was 4 cents higher than expected, with adjusted quarterly earnings of 67 cents per share, as online market revenues were also ahead of expectations. EBay has also raised its earnings and earnings outlook for the full year, as the number of active buyers increases.
SAP (SAP) recorded an operating loss for its last quarter mainly due to a restructuring charge. The German enterprise software provider is actually set to increase profit margins by five percentage points by 2023.
PG & E (PCG) has received court approval to pay workers up to $ 350 million in bonuses to encourage California's utility company to reach $ 350 million. its security objectives.
Lululemon (LULU) CEO Calvin McDonald told the Wall Street Journal that the apparel maker was not planning to cut prices, despite the proliferation of copied products on the market.
Best Buy (BBY) has been upgraded to "buy" holdings at Jefferies, which augurs optimistic about the expansion of the electronics retailer.
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