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OFFON

GLOBAL MARKETS LIVE: Macy’s, AMC, Unilever…

09/02/2020 | 10:38am EST

Macy’s posted higher-than-expected sales, while Unilever wants to ban fossil fuels from cleaning products within 10 years. AMC announced the reopening of 70% of its movie theaters in the United States this week.

Good results for Macy’s. The retail chain recorded better-than-expected sales and a lower-than-expected loss thanks to dynamic online sales. The stock went up more than 5 percent after the announcement.

Cinemas reopen. AMC soared by 12 percent after announcing the reopening of 70% of its movie theaters in the United States this week.

A positive initiative. Unilever wants to remove fossil fuels from its cleaning products by 2030. The operation will require €1 billion in investments. "Unilever's switch to renewable or recycled carbon sources for its chemicals is a deliberate initiative to move away from a fossil fuel-based economy," the company points out.

To the sources of evil. A parliamentary inquiry has officially been opened in Germany into the collapse of Wirecard. It aims to shed light on the disaster, particularly concerning the guilty passivity of the authorities as the signals multiplied, and even their counter-offensive when they attacked the whistleblowers.

Suspicion of pollution. LafargeHolcim is suspected of deliberately polluting the Seine river in Paris. The mayor of Paris, Anne Hidalgo, took the matter to court. The Paris Public Prosecutor's Office announced that an investigation had already been opened since the French Office of Biodiversity (OFB) found on August 27 a "suspicion of pollution of the Seine by a public works company". Lafarge claims to have been the victim of a malicious act that led to the pollution of the river..

The Finma targets CS. The Swiss Financial Market Supervisory Authority FINMA has opened enforcement proceedings against Credit Suisse in the context of the spying case.

Russian influence tactics. Facebook denounced an operation, attributed to Russia, to influence the left-wing electorate in the United States and the United Kingdom through a fake media called Peace Data.

In other news. Roche will launch a rapid SARS-CoV-2 antigen test in the EU in September. Barbara Whye promoted from HR to Intel's Corporate Vice President. Despite being under bankruptcy protection, Intelsat offers Gogo connection services for $400 million. The end of an era: Wells Fargo will close 11 of the 12 museums telling its story, to keep only the one in San Francisco. AT&T is considering divesting its Xandr digital advertising business.


© MarketScreener.com 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMCOR PLC -0.88% 14.58 End-of-day quote.-4.95%
CREDIT SUISSE GROUP AG 0.24% 12.37 Delayed Quote.8.33%
FACEBOOK INC 2.33% 251.36 Delayed Quote.-7.98%
INTEL CORPORATION -2.82% 57.58 Delayed Quote.15.58%
INTELSAT S.A. 20.00% 0.72 Delayed Quote.79.55%
LAFARGEHOLCIM LTD 0.00% 51.26 Delayed Quote.5.43%
ROCHE HOLDING AG -0.21% 316.5 Delayed Quote.2.48%
UNILEVER PLC -0.20% 4388 Delayed Quote.0.05%
WELLS FARGO & COMPANY -7.80% 32.04 Delayed Quote.6.16%
WIRECARD AG -44.85% 0.6 Delayed Quote.92.93%