Feb 4 (Reuters) - Industrial gases manufacturer Air Products said on Tuesday it has named former Linde executive Eduardo Menezes as its CEO and will succeed Seifi Ghasemi effective Feb. 7, amid pressure from activist investors. Last month, Air Products lost the proxy fight against Mantle Ridge after shareholders handed victory to the activist investor which had been pushing the...

Cummins Inc ( CMI ) shares are trading higher premarket on Tuesday after the company reported fourth-quarter 2024 results. Sales declined 1% year over year (Y/Y) to $8.45 billion, beating the consensus of $8.07 billion. The Indiana-based company stated that sales in North America remained flat Y/Y and international revenues declined 3% Y/Y in the quarter. Sales by segments: Components $2.6 billion (-17% Y/Y) Engine $2.7 billion (-2% Y/Y) Distribution $3.1 billion (+13% Y/Y) Power Systems $1.7 billion (+22% Y/Y) Accelera $100 million (+23% Y/Y). EPS...

09:20 AM EST, 02/04/2025 (MT Newswires) -- Consumer stocks were mixed pre-bell Tuesday, with the Consumer Staples Select Sector SPDR Fund ( XLP ) 0.2% lower and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) was flat. Estee Lauder ( EL ) shares were down more than 5% after the company reported lower fiscal Q2 adjusted net earnings...

09:21 AM EST, 02/04/2025 (MT Newswires) -- Taylor Morrison (TMHC) said Tuesday that Starbucks ( SBUX ) executive Heather Ostis has been named to joint its board, effective March 1. Ostis currently serves as chief procurement officer, global supply chain, for Starbucks ( SBUX ), Taylor Morrison said. The move increases Taylor Morrison's board to nine members from eight, the...