Tag: PMN Business

May 18

Under Armour CEO Frisk to step down

Article content Under Armour Inc said on Wednesday Patrik Frisk would step down from his role as president and chief executive officer, effective June 1. Shares of the Baltimore-based company fell 2.2% in extended trade. The apparel maker named Chief Operating Officer Colin Browne as its interim CEO, while it searches for a permanent replacement. […]
May 17

Brazil’s new energy minister faces uphill battle to change Petrobras pricing formula -sources

Breadcrumb Trail Links PMN Business Author of the article: Reuters Bernardo Caram and Rodrigo Viga Gaier and Sabrina Valle Article content BRASILIA — Brazil’s newly appointed Mines and Energy Minister Adolfo Sachsida will face resistance at Petrobras if he pushes to remove import costs from the state-run oil company’s fuel price calculations, according to people […]
May 16

Yields slip, stocks struggle as economic fears grow

Breadcrumb Trail Links PMN Business Author of the article: Reuters Herbert Lash Article content NEW YORK — U.S. stocks closed mixed on Monday as downbeat Chinese and New York state data kindled recession fears, but the 10-year Treasury note’s yield staying firmly under 3% spurred hopes the Federal Reserve will prudently hike interest rate hikes. […]