Jeld-Wen shares drop following cut outlook, CFO departure

Jeld-Wen shares drop following cut outlook, CFO departure
Jeld-Wen Holding Inc. JELD, -0.19% shares dropped in the extended session Monday after the door and window maker cut its outlook and announced a new chief financial officer. Jeld-Wen shares fell 16% after hours, following a 0.2% decline to close the regular session at $21.31. The company said it expects adjusted third-quarter earnings before interest, tax, depreciation and amortization of... Read More

Saudi Arabia preparing to admit Khashoggi was killed after interrogation: CNN

Saudi Arabia preparing to admit Khashoggi was killed after interrogation: CNN
Saudi Arabia is preparing to admit that Jamal Khashoggi’s death was the result of an interrogation that went wrong, CNN reported, citing unnamed sources. The report said Saudi Arabia will admit that Khashoggi, a Washington Post columnist critical of the kingdom, was killed in its Istanbul consulate. Saudi Arabia will also admit that they were planning to abduct Khashoggi, the... Read More

Bahrain Minister Calls For Uber Boycott Over Khashoggi Case

Bahrain Minister Calls For Uber Boycott Over Khashoggi Case
Bahrain’s foreign minister has called for a boycott of Uber after the ride-hailing company’s Chief Executive Officer Dara Khosrowshahi said he will not attend an investment conference in Bahrain’s ally, Saudi Arabia. Khosrowshahi is among several business leaders who have said they are pulling out of the three-day investment conference slated to take place in Saudi Arabia beginning October 23,... Read More

Whirlpool says there will be ‘very limited’ impact from Sears bankruptcy

Whirlpool says there will be ‘very limited’ impact from Sears bankruptcy
Whirlpool Corp. WHR, +1.98% said Monday morning that the Sears Holdings Corp. SHLD, -18.97% bankruptcy “will have a very limited impact” on the appliance maker’s results. Whirlpool said that about $30 million, or 1%, of its aggregate accounts receivable exposure was with Sears as of Sept. 30. And Sears sales represents less than 2% of global net sales. The company... Read More

Sessions Announces Creation Of Transnational Organized Crime Task Force

Sessions Announces Creation Of Transnational Organized Crime Task Force
Monday, Attorney General Jeff Sessions announced the creation of a transnational organized crime Task Force of experienced prosecutors to coordinate the Trump administration’s efforts and develop a plan to eliminate criminal groups off the US streets. Sessions said he has directed the FBI, DEA, OCDETF, and the Department’s Criminal Division to identify top transnational criminal organizations that threaten the country’s... Read More

Porsche Denies Plans For IPO

Porsche Denies Plans For IPO
Porsche, the sports car maker owned by Volkswagen AG, has denied speculation that it plans to pursue an initial public offering or IPO. Porsche Chief Financial Officer Lutz Meschke said on Friday that Porsche was discussing a potential listing of a group combining Porsche, Bentley, Lamborghini and Bugatti, with a potential value of up to 70 billion euros. The four... Read More

Pompeo To Meet Saudi King As Pressure Mounting On Riyadh Over Missing Khashoggi

Pompeo To Meet Saudi King As Pressure Mounting On Riyadh Over Missing Khashoggi
International pressure is mounting on Saudi Arabia to clear the cloud and give a comprehensive explanation into the whereabouts of missing dissident Saudi journalist Jamal Khashoggi. Khashoggi, a columnist for The Washington Post who had been living in the United States, has been missing since he entered a Saudi consulate in Istanbul on October 2. Turkish authorities suspect that Khashoggi... Read More

Barclays Puts Plan Of Cryptocurrency Trading Desk On Hold: Report

Barclays Puts Plan Of Cryptocurrency Trading Desk On Hold: Report
British banking giant Barclays has put on hold its plan to launch a cryptocurrency trading desk, Financial News reported. The bank was exploring the idea after reportedly reaching out to gauge the interest in a cryptocurrency trading desk among its clients, such as hedge funds and institutional investors. Barclays’ Chief Executive Jes Staley had said in its annual general meeting... Read More