Here are the companies Yahoo Finance is watching today.
There’s a new leader for Unilever's (UL) beauty business. The company just hired Sunny Jain from Amazon (AMZN) to head up the division. Jain has been with Amazon for the last 6 years, after spending nearly two decades at Procter and Gamble.
Mastercard (MA) is going deeper into international payments. It plans to invest $300 million dollars in the IPO of Network International. That's a Dubai-based company that ranks as one of the largest payment processors in the Middle East. It's been gearing up for an IPO in London and could be valued at $3 billion.
A mixed quarter at McCormick (MKC). The spice maker beat on earnings last quarter but sales came up just short of expectations. It was pressured by a miss in consumer sales while its flavor division beat. The CEO says the results show their "fundamentals are very strong" and is confident in growing the company.
Bed Bath & Beyond (BBBY) may be getting some changes to its business model. A group of activist investors are looking to launch a proxy war to remove the company's entire board of directors, according to the latest reports. The firms are claiming that the retailer has failed to adapt to more consumers buying online and has let costs increase.
WeWork reported that its losses doubled to about $2 billion last year. The company said its revenue doubled to nearly $1.8 billion but its losses increased as it continued to spend on expanding its network of shared offices overseas. At the end of 2018, the office-sharing company had more than 400,000 members paying for space.