Finance

Under Armour, McDonald’s, KB Home

0


The Under Armour logo is displayed at T & B Sports in San Rafael, California.

Getty Images

Check out the companies making headlines midday Monday:

Under Armour — Under Armour shares cratered more than 15% after the apparel maker disclosed a federal probe into its accounting practices. The investigation has been ongoing since July 2017. The company also slashed its full-year revenue guidance, citing lower inventories and problems with its direct-to-consumer channels.

McDonald’s — The Dow component fell more than 2% after CEO Steve Easterbrook was fired for having a relationship with an employee. “This was a mistake,” Easterbrook said in an email. “Given the values of the company, I agree…



Source cnbc.com

Leon Cooperman tears up talking about America, Elizabeth Warren

Previous article

Bank of America to hike minimum wage to $20 per hour a year early

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance