Here are the companies Yahoo Finance is watching today.
A beat at Ralph Lauren (RL). The company posted strong earnings and revenue last quarter. Now it's boosting its dividend by 10% and buying back another $600 million worth of shares.
A big shift at Tencent Music (TME). The company's shaking up its C-Suite, with one co-president departing and another getting shifted to become the chief technology officer. It reported mixed results last quarter, with an earnings beat and revenue up 39% from a year ago. However, the revenue numbers came in just shy of what many analysts expected.
New questions over how the FAA handled Boeing's (BA) Max jets. The Wall Street Journal says an FAA investigation found senior agency officials didn't take part part in safety reviews of the jet's flight control system. It also says Boeing didn't flag the system to regulators for closer inspection. The FAA's acting chief is set to testify before congress tomorrow.
Deere & Company (DE) just got downgraded by JPMorgan Chase. The bank downgraded Deere to Underweight from Neutral and lowered its price target for shares to $132. The firm cited 'rapidly deteriorating' fundamentals in U.S. agriculture as Chinese demand for soybean imports is likely to decline and Brazil and Argentina produce close to a record number of soybeans.
Bayer (BAYRY) is paying up big time. A California jury just awarded more than $2 billion to a couple who claimed the company's Round-Up weed killer causes cancer. The jury said the company's product didn't properly warn people of its cancer risk. The lawsuit is the third one the company has lost over claims that Round-Up causes cancer.