Richard Clough

Business, Logistics, For-Hire

FedEx Tumbles After Pulling Annual Earnings Forecast

FedEx truck Christopher Dilts/Bloomberg

FedEx Corp. lost $11 billion in market value, wiping out two years of stock gains, after withdrawing its earnings forecast on worsening business conditions.

Richard Clough | Bloomberg News
September 16, 2022
Business, Equipment

Apollo Will Take Parts Supplier Tenneco Private

Tenneco Business Wire via AP

Tenneco Inc. agreed to be acquired by affiliates of Apollo Global Management Inc., taking the auto parts supplier out of the public market after years of share declines and business upheaval.

Richard Clough | Bloomberg News
February 23, 2022
Business, Equipment

Goodyear Plunges as Tiremaker Sees Inflation Pressures

Goodyear blimp Goodyear

Goodyear Tire & Rubber Co. tumbled the most since the beginning of the COVID-19 pandemic after the company said inflationary pressures are likely to continue this year, tarnishing a quarter in which results outpaced expectations.

Richard Clough | Bloomberg News
February 11, 2022
Business, Logistics

CN Rail to Name New CEO Next Month; Candidate Jim Vena Drops Out

Canadian National train Canadian National Railway

Canadian National Railway Co. dropped the most in eight months after saying that Jim Vena, a former executive favored by shareholder TCI Fund Management Ltd. to run the company, had dropped from consideration to replace CEO Jean-Jacques Ruest.

Richard Clough | Bloomberg News
December 20, 2021