Articles written by: Marc Ferrigno

Reports Mattress Firm Exploring Bankruptcy Seen as Positive For Tempur Sealy International

Reports Mattress Firm Exploring Bankruptcy Seen as Positive For Tempur Sealy International

Reports that Mattress Firm (MFRM) is exploring bankruptcy is positive for Tempur Sealy International (TPX) as the company likely would capture some share of sales that would otherwise go to the struggling retailer, Wedbush said in a note to clients on Tuesday. A Reuters report on Monday said Steinhoff and Mattress Firm hired Alix Partners, potentially to prepare for Chapter […]

European Equity Benchmarks Close Mixed; Investors Favor Financials, Automotive Stocks Over Mining, Industrials

European Equity Benchmarks Close Mixed; Investors Favor Financials, Automotive Stocks Over Mining, Industrials

The broad-based major European indices closed relatively flat in Monday trading as the UK market edged higher, while the continental markets moved slightly lower. In economic news, July data signaled a disappointing start to Q3 for the UK service sector, according to IHS Markit, with business activity and incoming new work rising at softer rates than in June. Higher staff […]

Indra K. Nooyi (PRNewsfoto/PepsiCo, Inc.)

PepsiCo CEO Nooyi to Step Down Effective Oct. 3

Indra Nooyi will step down as chief executive of PepsiCo (PEP) on Oct. 3 and will be replaced by Ramon Laguarta, the company said on Monday. Nooyi will step down on Oct. 3 after 24 years with Pepsi, including the past 12 as chief executive. She will retain her role as chairman until early 2019 to ensure a “smooth and […]