Shares of Keurig Green Mountain Inc. are up nearly 20% in pre-market trading, after the company reported a steep slide in both profits and sales for its fiscal fourth quarter. Sharp rallies and plunging profits don’t usually go together, but they do when the market was betting on even worse profits.
Executive News Snippets
Add our Snippets News to your feed reader.
By the mid–1800s, many states observed a Thanksgiving holiday. Meanwhile, the poet and editor Sarah J. Hale had begun lobbying for a national Thanksgiving holiday. During the Civil War, President Abraham Lincoln, looking for ways to unite the nation, discussed the subject with Hale. In 1863 he gave his Thanksgiving Proclamation, declaring the last Thursday in November a day of thanksgiving.
Shares of Salesforce.com (CRM - Get Report) are up 5.3% on Thursday after the company topped earnings and revenue expectations. CEO Marc Benioff has proved that he can continue to blow the numbers away, TheStreet’s Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC’s “Mad Dash” TV show.
A major employer in Waukesha cut 13 percent of its workforce last week. MetalTek International had to lay off 60 employees from its Wisconsin Centrifugal Division in Waukesha because of reduced demand for its products, the company said in a statement.
Amazon dramatically increased its footprint in Central Florida on Monday by confirming that it will hire 2,000 people at its distribution centers in Ruskin and Lakeland, nearly doubling its workforce as it continues to reshape the way people shop.
On the heels of opening its newest rail terminal in Jal, New Mexico, CIG Logistics continues its expansion plans.
On the heels of opening its newest rail terminal in Jal, New Mexico, CIG Logistics continues its expansion plans.Fort Worth-based CIG has announced the purchase of a 330-acre rail facility in Odessa from Flint Hills Resources.
C.H. Robinson, one of the world’s leading third party logistics providers (3PL), announced its win of a prestigious award at the 2015 Asia Freight, Logistics and Supply Chain Awards (AFLAS). C.H. Robinson was nominated in two categories, Best 3PL and Best Green Logistics Operator.
SiteHawk™, the leader in chemical data management and compliance solutions, today announced the appointment of Douglas Thede as chief financial officer. Thede joins the SiteHawk executive team and is responsible for providing strategic financial leadership to support the company’s growth and expansion.
Total Quality Logistics has promoted Kerry Byrne to president. Ken Oaks, who founded the 17-year-old truckload logistics firm, was previously president and CEO of the company. Oaks will remain CEO of the firm.
Seagate Technology plc (NASDAQ:STX), a world leader in storage solutions, today announced it has been named to the Gartner Supply Chain Top 25 for 2015, published May 13, 2015. The rankings are designed to recognize organizations for leadership and best practice in global supply chain operations.
LLamasoft acquired the Barloworld Supply Chain Software Division earlier this week. This acquisition will allow LLamasoft to extend its Supply Chain Guru business with Barloworld’s CAST strategic network design and OPTIMIZA tactical supply-demand balancing software solutions.
Con-way Freight, a less-than-truckload (LTL) trucking company and subsidiary of Con-way Inc. (CNW), today announced the grand opening of its newest, state-of-the art service center in Joliet, Illinois.
Intelligrated, a leading North American-based automated material handling solutions provider, announces the opening of a district office in Ontario, CA, as part of its Western regional sales and operations.
Intelligrated® (www.intelligrated.com), a leading North American-based automated material handling solutions provider, announces the appointment of Dave Schmit to the position of senior vice president, corporate intellectual property.
Echo Global Logistics, a Chicago-based transportation management services company, is relocating more than 550 jobs to the city next year after recently acquiring Skokie-based Command Transportation.