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Performance Food Group Company News

Core-Mark to Be Bought by Performance Food Group for $2.5 Billion

Core-Mark shareholders will own 13% of the combined company. Core-Mark expects to continue paying its current dividend.

Trump or Biden? It's Too Close to Call: 5 Things You Must Know Wednesday

Stock futures fluctuate as critical battleground states remain too close to call in the presidential election; Uber and Lyft soar as they win measure to keep california workers independent; recreational pot legalized in New Jersey and Arizona.

Kamala Harris, Tesla, Moderna, Cisco - 5 Things You Must Know Wednesday

Stock futures rise though uncertainty remains over the next U.S. coronavirus aid package; California Sen. Kamala Harris is chosen as Joe Biden's running mate; Tesla splits its stock five-for-one.

Performance Food Reports Mixed Results and Furloughs or Cuts 3,500 Staff

Performance Food fiscal-third-quarter adjusted profit beat estimates, revenue missed forecasts, and the company furloughed or cut 3,500 staff.

Performance Food Furloughs 3,000, Cuts Salaries and Suspends Buybacks

Performance Food furloughed 3,000 staffers and is cutting salaries and suspending stock buybacks. And it further cut capital spending, all in response to the coronavirus pandemic.

Breaking News

Roe Decision Forces Disney, Netflix to Take a Political Stand

Disney, JP Morgan Chase, and outgoing Meta COO Sheryl Sandberg are just a few speaking out against the ruling.

Netflix Lays Offs More Employees To Cut Costs

Netflix layoffs continue as the streaming giant executes a plan to cope with slow revenue growth.

These Five Things Could Help (or Hurt) Internet Stocks

Bank of America analysts outline some of the biggest issues facing Amazon, Alphabet, Meta and other internet-related stocks.