Here are the companies Yahoo Finance is watching today.
Boeing (BA) is still in the spotlight as a growing list of U.S. lawmakers call for grounding the 737 Max 8 jet. Most of the global fleet has already been blocked from flying in Europe and much of Asia. Boeing's CEO has assured President Trump that the plane is safe to fly and they are working on a fix for a possible software issue.
A huge shake-up at Rite Aid (RAD). The CEO, John Standley, is leaving as the company cuts about 400 corporate jobs. That's roughly 20% of its management ranks. The COO and CFO also plan to exit. Rite Aid says it expects to save upwards $55 million dollars from the restructuring.
Spotify (SPOT) is taking on one of its biggest competitors in Europe. It's filed an antitrust complaint with European regulators against Apple (AAPL). Spotify argues that Apple has been abusing its control of the App Store to crush competition in music streaming. No response yet from Apple.
Express (EXPR) beat investors’ expectations. The clothing chain posted Q4 earnings of $0.19 per share, beating expectations by about $0.03. The company brought in more than $628 million dollars in revenue at the end of January 2019. This compares to a year ago when the retailer reported about $693 million dollars in revenues.
Gmail and Google Drive experienced a worldwide outage last night. Thousands of users from around the world were faced with an error saying their messages couldn't be sent and networks needed to be checked. Google (GOOG) said it was aware of the issue with Google Drive and that they would soon provide more information. Users also reported problems with other Google-owned applications.
