115.00 -0.80 (-0.69%)
Pre-Market: 9:20AM EDT
|Bid||114.87 x 800|
|Ask||115.00 x 1200|
|Day's Range||113.20 - 115.86|
|52 Week Range||79.60 - 120.75|
|PE Ratio (TTM)||29.07|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||2.48 (2.20%)|
|1y Target Est||122.14|
Templeton made way for Brian Crutcher to take the helm. Crutcher, who had been with the firm since 1996, had filled the role of COO since January of 2017. This morning, Richard Templeton resumed his roles as president and chief executive in addition to the his title as Chair.
Rich Templeton, who is suddenly CEO again of Texas Instruments, sought to reassure employees after the surprising resignation of Brian Crutcher.
Morgan Stanley reported second quarter profit of $1.30 per share , beating the consensus estimate of $1.11 a share. Revenue beat forecasts, as Morgan Stanley reported strong investment banking and wealth-management results. Morgan Stanley also raised its quarterly dividend to 30 cents per share from 25 cents a share.
Texas Instruments' (TXN) CEO Brian Crutcher resigns on violating the company's code of conduct related to personal behavior.
U.S. stock futures suggested a somewhat flattish start for Wall Street on Wednesday, July 18, following an upbeat assessment of the U.S. economy from Federal Reserve Chairman Jerome Powell. The first of two days of testimony by Powell on Capitol Hill helped boost both short-term Treasury bond yields and the U.S. dollar, as investors reset expectations for near-term rate hikes, but continued to fret over the longer-term impact on global economic growth from trade wars currently being waged by Washington and its allies and competitors. Powell didn't go into too much detail on the impact of trade wars on economic growth, saying only that countries with fewer tariff barriers tend to expand faster.
The chief executives of three semiconductor companies have stepped down in the span of one month, in what appears to be a #MeToo-inspired and long-overdue reckoning for the male-dominated industry.
Goldman named David M. Solomon to succeed Blankfein as CEO, a move expected to fuel the bank’s evolution into a more nimble and entrepreneurial place. Papa John’s founder has vowed to fight the pizza chain over how it pressed him to step aside as chairman for his use of a racial slur. Texas Instruments’ CEO resigned after less than two months in the role, exiting over what the firm said were code-of-conduct violations.
Texas Instruments Inc. Chief Executive Brian Crutcher resigned after spending less than two months in the role, exiting over what the chip maker said were code-of-conduct violations. Mr. Crutcher, she said, submitted his resignation Tuesday. Mr. Crutcher, who also resigned from TI’s board, couldn’t immediately be reached for comment Tuesday afternoon.
Texas Instruments Inc said on Tuesday that Brian Crutcher had resigned as the company's chief executive officer just six weeks into the role, after finding following a report that he had violated the chipmaker's code on personal behavior. The company's shares fell as much as 2.5 percent in after-market trading even as Texas Instruments reported second-quarter earnings and sales that beat estimates. Chairman Rich Templeton will reassume the roles of chief executive officer and president and the chipmaker is not searching for a replacement, Texas Instruments said in a statement.
The company's shares fell as much as 2.5 percent in after-market trading even as Texas Instruments reported second-quarter earnings and sales that beat estimates. Chairman Rich Templeton will reassume the roles of chief executive officer and president and the chipmaker is not searching for a replacement, Texas Instruments said in a statement. Texas Instruments would not comment beyond its statement.
Texas Instruments Inc.’s ouster of its newly promoted chief executive officer over his personal conduct was a rare foray into the spotlight for one of the most low-key companies in technology, demonstrating the increased scrutiny on leaders in all industries. Following the surprise scandal surrounding code-of-conduct violations by Brian Crutcher, who took over June 1, the company’s answer was to go back to what works -- it permanently reinstated his predecessor, Rich Templeton, who held the job for more than 13 years. Shares of Dallas-based Texas Instruments fell less than 1 percent in early trading Wednesday as Templeton’s return assuaged concerns about a disruption to the company’s business.