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Dynamic quotes 

Salesforce’s CEO resigns, Walt Disney’s Robert Iger leaves

02/26/2020 | 11:14am EST

The impact of the coronavirus is in every yearly results report. In other news, the transfer of power at Disney, an event not so frequent, makes headlines. There is also a change of management at Salesforce.


Earnings season. Lowe's, Rio Tinto, Iberdrola, Hermès, Danone, Aena, Thales, Wolters Kluwer, Peugeot, Cellnex or Edenred are among companies reporting earnings.

Marc Benioff alone. Salesforce.com announced the resignation of its co-CEO Keith Block, making Marc Benioff the sole owner of the enterprise software company.

New European purchase for Blackstone. Blackstone is purchasing UK student housing company iQ from Goldman Sachs and the Wellcome Trust charity for £4.66 billion ($5.7 billion).

Tough competition. Lowe’s reported lower-than-expected quarterly sales and expects lower than expected annual results due to competition from Home Depot.

New vegan horizons. Beyond Meat’s shares rose by 7% after Starbucks announced the sale of its meat substitute sandwiches in its Canadian stores.

New management. Walt Disney boss Roberts Iger leaves the Group's general management and is replaced by Bob Chapek, who remains Chairman of Creative Activities until 2021. Chapek becomes the 7th CEO of the company in 100 years. The members of the Board of Directors voted unanimously in favor of this solution.

Precautionary principle. Nestlé suspends business travel until March 15 due to the coronavirus. "We will review this measure in the light of external developments," the Vevey Group said in a note to its employees.

In other news. The US aviation authorities have asked Boeing to make further revisions to parts of the B737 MAX. Lufthansa plans to deploy cost-saving measures to limit the impact of the coronavirus on its operations. Virgin Galactic is still planning its first trip into space this year. Bloomberg says Iovance Biotherapeutics is up for sale. Panasonic withdraws from Tesla's two photovoltaic module project in New York State.

Some results. Adecco exceeds earnings expectations but suffers on activity in Q4 and January. Solvay is beefing up its savings plan after its 2019 results.

© MarketScreener.com 2020
Stocks mentioned in the article
ChangeLast1st jan.
ADECCO GROUP AG -1.90% 59 Delayed Quote.-0.27%
AENA S.M.E., S.A. -0.28% 141.3 Delayed Quote.-0.63%
AT HOME GROUP INC. -2.95% 22.73 Delayed Quote.47.02%
BEYOND MEAT, INC. -1.66% 140.1 Delayed Quote.12.08%
CELLNEX TELECOM, S.A. -1.25% 46.58 Delayed Quote.-5.17%
CHANGE INC. -0.15% 3380 End-of-day quote.-4.11%
DANONE S.A 1.32% 53.62 Real-time Quote.-0.26%
DEUTSCHE LUFTHANSA AG 0.05% 10.52 Delayed Quote.-2.73%
EDENRED -0.53% 46.55 Real-time Quote.0.30%
HERMÈS INTERNATIONAL -1.78% 881 Real-time Quote.0.16%
IBERDROLA, S.A. -0.75% 11.915 Delayed Quote.1.84%
IOVANCE BIOTHERAPEUTICS, INC. -1.86% 51.06 Delayed Quote.10.04%
LOWE'S COMPANIES, INC. 0.56% 171.34 Delayed Quote.6.75%
MAX CO., LTD. -0.07% 1449 End-of-day quote.0.69%
MEMBERS CO., LTD. -4.30% 2582 End-of-day quote.11.34%
NESTLÉ S.A. 0.44% 100.88 Delayed Quote.-3.24%
PANASONIC CORPORATION -0.27% 1285.5 End-of-day quote.7.98%
PEUGEOT SA -4.21% 21.85 Real-time Quote.-2.32%
RIO TINTO GROUP 0.72% 120.52 End-of-day quote.5.88%
SALESFORCE.COM, INC. -1.14% 213.14 Delayed Quote.-4.22%
SOLVAY SA -1.00% 99.54 Real-time Quote.2.75%
SPACE CO.,LTD. -0.25% 808 End-of-day quote.2.41%
TESLA, INC. -2.23% 826.16 Delayed Quote.17.07%
THALES -0.80% 76.44 Real-time Quote.2.06%
THE BLACKSTONE GROUP INC. -0.24% 63.35 Delayed Quote.-2.25%
THE BOEING COMPANY -2.66% 204.32 Delayed Quote.-1.94%
THE GOLDMAN SACHS GROUP, INC. -2.23% 301.01 Delayed Quote.14.14%
THE WALT DISNEY COMPANY -1.15% 171.44 Delayed Quote.-5.38%
VIRGIN GALACTIC HOLDINGS, INC. -7.87% 30.43 Delayed Quote.28.23%
WOLTERS KLUWER 0.55% 70.1 Real-time Quote.1.51%