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Two Kohl's executives depart ahead of retailer's earnings report

Kohl's Corp. KSS, -11.02% said in a filing late Wednesday that two executives, Chief Marketing Officer Greg Revelle and Chief Merchandising Officer Doug Howe, are departing, without elaborating further. Revelle leaves on June 1, while Howe's departure is effective immediately, the embattled retailer said. Kohl's stock fell more than 4% in the extended session Wednesday after ending the regular trading day down 11%. The retailer is slated to report quarterly earnings on Thursday, with analysts polled by FactSet expecting adjusted earnings of 69 cents a share on revenue of $3.7 billion. Kohl's shareholders last week voted to re-elect all 13 members of its board, rejecting calls from activist investors Macellum Advisors GP, LLC to overhaul the board.
BUSINESS

New federal anti-disinformation board put on hold after uproar

WASHINGTON — The Department of Homeland Security on Wednesday paused a new and controversial board’s work on disinformation and accepted the resignation of its leader, capping weeks of concerns about impinging on free speech rights and at times frenzied conspiracy theories about the board itself. What remains to...
U.S. POLITICS

Under Armour CEO Patrik Frisk steps down after two-plus years

Under Armour Inc. announced Wednesday afternoon that its chief executive is stepping down, a little more than two years after he replaced the founder at the top of the athletic-gear company. Under Armour. UA,. -6.90%. said that Patrik Frisk will step down June 1 and be replaced on an interim...
BUSINESS

Tesla Inc. stock underperforms Wednesday when compared to competitors

Shares of Tesla Inc. TSLA, -6.80% shed 6.80% to $709.81 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index. COMP,. -4.73%. falling 4.73% to 11,418.15 and Dow Jones Industrial Average. DJIA,. -3.57%. falling 3.57% to 31,490.07. Tesla Inc. closed...
STOCKS

Johnson & Johnson stock falls Wednesday, still outperforms market

Shares of Johnson & Johnson JNJ, -1.86% slipped 1.86% to $175.50 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index. SPX,. -4.04%. falling 4.04% to 3,923.68 and Dow Jones Industrial Average. DJIA,. -3.57%. falling 3.57% to 31,490.07. The stock's...
STOCKS

Apple Inc. stock underperforms Wednesday when compared to competitors

Shares of Apple Inc. AAPL, -5.64% slipped 5.64% to $140.82 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index. COMP,. -4.73%. falling 4.73% to 11,418.15 and Dow Jones Industrial Average. DJIA,. -3.57%. falling 3.57% to 31,490.07. Apple Inc. closed...
STOCKS

Netflix Inc. stock outperforms competitors despite losses on the day

Shares of Netflix Inc. NFLX, -7.02% shed 7.02% to $177.19 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index. falling 4.04% to 3,923.68 and Dow Jones Industrial Average. DJIA,. -3.57%. falling 3.57% to 31,490.07. Netflix Inc. closed $523.80 below...
STOCKS

Microsoft Corp. stock falls Wednesday, underperforms market

Shares of Microsoft Corp. MSFT, -4.55% slid 4.55% to $254.08 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index. falling 4.04% to 3,923.68 and Dow Jones Industrial Average. DJIA,. -3.57%. falling 3.57% to 31,490.07. The stock's fall snapped a...
STOCKS

Moderna Inc. stock falls Wednesday, still outperforms market

Shares of Moderna Inc. MRNA, -3.21% shed 3.21% to $137.71 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index. COMP,. -4.73%. falling 4.73% to 11,418.15 and Dow Jones Industrial Average. DJIA,. -3.57%. falling 3.57% to 31,490.07. Moderna Inc. closed...
STOCKS