Articles by: Miroslav Marinoff

South Korea’s Sep consumer sentiment at 4-month low

Consumer morale in South Korea has decreased to its lowest level since May in September, data by the Bank of Korea showed. The Composite Consumer Sentiment Index came in at a reading of 100.0 in September, down from 100.8 in August. The gauge of future household income expectations remained steady at 98, while that of […] Read more

KBR awarded $113 million Air Force task order

KBR Inc (NYSE: KBR) said on Monday that it had been awarded a $113 million task order to perform aeronautical systems research, development, test and evaluation for the Air Force Life Cycle Management Center Mobility Directorate at Wright-Patterson Air Force Base for a period of five years. Under the new contract, KBR will provide program […] Read more

Germany’s September business confidence at 8-month low

The Ifo Business Climate gauge for Germany decreased for a fifth straight month in September, data by the Ifo Institute showed. The index came in at a reading of 85.4 in September, down from 86.6 in August. It has been the gauge’s lowest level since January. The latest reading was also below market consensus of […] Read more

Alaska Airlines faces IT outage, flight delays in Seattle

Alaska Airlines (NYSE: ALK) said on Monday that it had experienced an IT outage, which led to significant disruption to its operations, including flight delays. Alaska said it had issued a ground stop for arrivals in Seattle, which lasted for about 2 hours. On Sunday night, the company said on its X account there had […] Read more

Q2 Holdings appoints new Chief Financial Officer

Q2 Holdings Inc (NYSE: QTWO), a provider of digital transformation solutions for financial services, said on Monday that it had appointed Jonathan A. Price as its next Chief Financial Officer, effective November. Price has almost two decades of experience in corporate finance and operating leadership roles across investment banking, corporate strategy and the technology and […] Read more

Lennox announces $1.15 quarterly dividend

Lennox International Inc (NYSE: LII), a leader in energy-efficient climate-control solutions, said on Friday that its Board of Directors had authorized a regular quarterly cash dividend of $1.15 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on October 15th to shareholders of […] Read more

GM to lay off nearly 1,700 staff at Kansas facility

According to General Motors’ Worker Adjustment and Retraining Notification notice, the auto maker is set to lay off 1,695 workers at its Fairfax Assembly facility in Kansas. A spokesperson for GM said the first round of lay-offs would begin on November 18th and would affect 686 full-time workers temporarily, while terminating 250 temporary employees. Under […] Read more

SR Bancorp adopts stock repurchase program

SR Bancorp Inc (NASDAQ: SRBK), the holding company for Somerset Regal Bank, said on Friday that it had adopted a program to buy back up to 950,793 shares of its common stock – or nearly 10% of its outstanding common stock. This is the first stock repurchase program since the company completed its stock offering […] Read more

Washington Trust Bancorp announces $0.56 quarterly dividend

Washington Trust Bancorp (NASDAQ: WASH) said on Thursday that its Board of Directors had authorized a regular quarterly cash dividend of $0.56 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on October 11th to shareholders of record as of the close of […] Read more

Kroger announces $0.32 quarterly dividend

Kroger Co (NYSE: KR) said on Thursday that its Board of Directors had authorized a regular quarterly cash dividend of $0.32 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on December 1st to shareholders of record as of the close of business […] Read more