11:34 AM EST, 12/02/2024 (MT Newswires) -- FedEx ( FDX ) is facing pressure to rebound with its fiscal Q2 results after a big miss in Q1, with several headwinds, including a muted macro environment, challenges from the USPS contract expiry, and the timing of Cyber Monday, Morgan Stanley said in a note Monday. The investment firm said it's still...

11:32 AM EST, 12/02/2024 (MT Newswires) -- CrowdStrike ( CRWD ) and Palo Alto Networks ( PANW ) are increasing discounts to accelerate market share gains in cybersecurity, creating potential broader pricing pressures across the sector, Morgan Stanley said in a report on Monday. The firm said it remains positive on long-term trends in cybersecurity, driven by expanding technology industry...

11:28 AM EST, 12/02/2024 (MT Newswires) -- Boyd Group Services ( BYDGF ) on Monday said Timothy O'Day would step down as the auto-body repair company's chief executive officer effective May 14, 2025, and will be succeeded by Brian Kaner, Boyd's current chief operating officer. O'Day has served on Boyd Group's board since 2012 and took on the role of...

11:29 AM EST, 12/02/2024 (MT Newswires) -- United Bankshares ( UBSI ) said Monday it has received all regulatory approvals for its proposed merger with Piedmont Bancorp. The all-stock deal is expected to close early next year, with Piedmont merging into United and Piedmont Bank merging into United Bank, United said, adding it will be the surviving entity along with...