By Connor Hart
Boeing will cut 10% of its global workforce, or roughly 17,000 jobs, and warned of deeper losses in its operations. In addition to the layoffs, the company will further delay the launch of a new airplane, the 777X, which is already years behind schedule. It will also discontinue the 767 cargo plane. Shares fall 1.8%, to $148.25, in after-hours trading.
Vera Bradley's board unanimously approved the adoption of a limited duration shareholder rights plan. Under the plan, one right would be issued for each outstanding share of the company's common stock if a person, entity or group acquires beneficial ownership of 15% or more of the company's shares in a transaction not approved by the board. The poison pill comes as macroeconomic headwinds continue to dampen the company's turnaround efforts. Shares rise 7.3%, to $5.56, in postmarket trading.
Molecular Templates' board unanimously approved the liquidation and wind up of the company. The biotechnology company, which began exploring strategic alternatives with third-party advisers more than a year ago, said that there are no other options currently available. The company doesn't expect its stockholders will receive value for their shares in connection with a dissolution. Shares tumble 18%, to $1.21, in after-hours trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
October 11, 2024 18:08 ET (22:08 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。