CVS Health on Friday replaced CEO Karen Lynch with David Joyner, a CVS veteran who retired before returning to the company last year, after investors including activist Glenview Capital pressured the company to improve its stagnant share price.It also withdrew its 2024 forecast and gave an outlook for third-quarter earnings far below analyst estimates.CVS shares were down 7% at $58.64 on Friday. 3 CVS shares dropped on Friday as it replaced CEO Karen Lynch, who took over in 2021. APThey are down by nearl ...

Streaming video pioneer Netflix picked up 5.1 million subscribers in the third quarter, topping Wall Street estimates by more than 1 million users, the company said in its earnings report on Thursday.Shares of Netflix were up more than 4% at $718.10 in after-hours trading. The stock closed the regular session down 2% at $687.65.Investors had expected Netflix to bring in 4 million subscribers from July through September, according to analysts’ estimates compiled by LSEG. New programming during the period inc ...

Google is “very likely” to be barred from paying billions of dollars each year to Apple to ensure its search engine is enabled by default on iPhones after its stunning loss to the Justice Department in a landmark antitrust trial, according to analysts at Jefferies.Judge Amit Mehta ruled in August that Google has an illegal monopoly over online search and specifically called out the firm’s habit of cutting checks for default status – including $20 billion to Apple in 2022 alone – as an anticompetitive tactic ...

Amazon is the latest tech giant to embrace nuclear energy as it scrambles to supply electricity-hogging artificial intelligence programs.Amazon Web Services, the Seattle-based e-retailer’s cloud computing unit, said Wednesday it will invest more than half a billion dollars in three projects — one in Washington state, one in Virginia and another in Pennsylvania.The Virginia and Washington state deals obligate AWS to put up the money for power utilities to study the feasibility of adding small modular reactor ...

Facebook and Instagram parent Meta has reportedly fired about two dozen staffers in Los Angeles for abusing a $25 daily meal perk to stock up on household supplies like wine glasses, acne pads and laundry detergent.The fired workers were found to have misused the meal credit program – intended for workers who stay at the office late or are based in offices that lack a kitchen – over a long period of time, the Financial Times reported, citing a person familiar with the matter. The firings were part of a broa ...

Comcast-owned NBCUniversal plans to add its regional sports channels to its Peacock streaming service as soon as early 2025, the Wall Street Journal reported Wednesday, citing people familiar with the plans.The four NBC Sports networks that will be added have local broadcast rights in Boston, Philadelphia and across Northern California, including to games for high-profile teams such as the Golden State Warriors, Celtics and Phillies, the report said.The four NBC Sports networks that will be added have local ...

A Dutch chipmaking giant sparked chaos after it accidentally published a disappointing financial outlook a day earlier than scheduled – slashing billions in market value across the semiconductor sector.Shares of ASML — which manufactures equipment used to make chips, including the processors used to power artificial intelligence — sank nearly 6% Wednesday. The stock had plunged 16% a day earlier – equating to a loss of more than $52 billion in market value.That was after ASML’s third-quarter results mysteri ...

Boeing will send layoff notices to thousands of its employees within the coming weeks and a senior US official has flown to Seattle to encourage negotiations between the planemaker and the union, according to a report.Boeing will next month send 60-day notices to thousands of workers, including employees in its commercial aviation division, a source familiar with the matter told Reuters. Those laid-off staffers will be booted out in mid-January, the source said.The aircraft-maker — which said Friday it plan ...

Goldman Sachs reported a 45% surge in quarterly profits on Tuesday, boosted by a rebound in dealmaking that beat analysts’ expectations.The Wall Street titan pointed to a 20% jump in investment banking fees year-on-year to $1.87 billion — driving third-quarter profits of $2.99 billion, or $8.40 per share, up from $2.06 billion, or $5.47 per share, a year earlier.Revenues rose 7% to $12.7 billion, the bank said.  4 Goldman Sachs CEO David Solomon said the uptick in investment banking activity indicated tha ...

Facebook and Instagram both experienced outages on Monday, according to the web site Downdetector.There were more than 8,000 incidents of people reporting issues with Facebook and over 4,000 reports of issues with Instagram as of 1:44 p.m. Eastern time, according to Downdetector, which tracks outages by collating status reports from a number of sources.Facebook and Instagram both experienced outages on Monday, according to the web site Downdetector. REUTERSDowndetector’s numbers are based on user-submitted ...