Latest news with #KevinJacobsen
Associated Press
04-02-2025
- Business
- Associated Press
Clorox to Present at 2025 CAGNY Conference
OAKLAND, Calif., Feb. 4, 2025 /PRNewswire/ -- The Clorox Company (NYSE: CLX) today announced that Chair and Chief Executive Officer Linda Rendle, Chief Financial Officer Kevin Jacobsen and Treasurer and incoming Chief Financial Officer Luc Bellet will be featured speakers at the Consumer Analyst Group of New York's (CAGNY) annual conference in Orlando, Florida, on Thursday, Feb. 20. A live webcast of the presentation will begin at 2:00 p.m. ET (11:00 a.m. PT) and can be accessed on the company's website. A replay of the webcast will be available following the event. About The Clorox Company The Clorox Company (NYSE: CLX) champions people to be well and thrive every single day. Its trusted brands include Brita®, Burt's Bees®, Clorox®, Fresh Step®, Glad®, Hidden Valley®, Kingsford®, Liquid-Plumr® and Pine-Sol® as well as international brands such as Clorinda®, Chux® and Poett®. Headquartered in Oakland, California, since 1913, Clorox was one of the first in the U.S. to integrate ESG into its business reporting. In 2024 the company was ranked No. 1 on Barron's 100 Most Sustainable Companies list for the second consecutive year. Visit to learn more.
Globe and Mail
30-01-2025
- Business
- Globe and Mail
Market Analysis & Stock News: January 29th, 2025
Global Market Update Canadian Markets Canada's main stock index traded higher as investors remained cautious as the Bank of Canada (BoC) cut interest rates by a quarter of a percent, Policymakers justified the move by citing softer economic data and concerns over the potential impact of recently proposed U.S. tariffs on Canadian exports. American Markets The Federal Reserve held interest rates steady, pausing after three consecutive rate cuts. Investors will closely scrutinize Fed Chair Jerome The decision comes amid mixed economic indicators, with recent reports suggesting resilient consumer spending but signs of cooling in the manufacturing and housing sectors. On Wall Street all indexes were moving in the red with the Nasdaq Composite slipping despite a boost from ASML's strong earnings report. The index faced downward pressure as traders shifted their focus toward upcoming corporate earnings, with concerns over high valuations in the tech sector weighing on sentiment. European Markets European shares closed at a record high, led by gains in technology stocks. . However, overall market gains were tempered by LVMH's underwhelming sales figures, which dampened sentiment in the luxury goods sector. The French conglomerate, a bellwether for global consumer spending, reported weaker-than-expected revenue growth, raising concerns about slowing demand in key markets, particularly China. As global markets navigate central bank decisions, corporate earnings, and geopolitical risks, investors remain focused on key economic data releases and potential shifts in monetary policy that could impact financial conditions in the coming months. Corporate Stock News Alibaba Group Holding Ltd: Released a new version of its Qwen 2.5 AI model, claiming it surpassed DeepSeek-V3 and OpenAI's GPT-4o. American Axle & Manufacturing Holding Inc: Will buy GKN Automotive owner Dowlais in a cash-and-stock deal valued at about $1.44 billion. Apple Inc: Apple expected to report tepid quarterly revenue growth due to slow AI adoption and competition in China. Apple Inc & T-Mobile US Inc: iPhone devices are now eligible to test SpaceX's Starlink direct-to-cell capability. ASML Holding NV: Reported Q4 bookings of €7.09 billion, far exceeding expectations due to AI-driven demand. Azul SA: Finalized a debt restructuring process, eliminating nearly $1.6 billion in debt and raising $525 million in fresh funds. Boeing Co: BofA Global Research raised its target price to $185 from $170, citing improving operations. BXP Inc: Forecast full-year FFO below estimates, impacted by high mortgage rates affecting office space demand. Cardinal Health Inc, Cencora Inc & McKesson Corp: A West Virginia city urged a court to revive a $2.5 billion lawsuit against them for allegedly fueling the opioid crisis. Chubb Ltd: Reported a rise in Q4 profit, helped by underwriting gains and investment returns. Clorox Co: CFO Kevin Jacobsen will step down and be succeeded by Luc Bellet in April. Danaher Corp: Missed Q4 profit estimates due to weak demand for biotech and pharmaceutical tools. F5 Inc: Raised its full-year 2025 revenue growth forecast to 6%-7%; shares rose 13% post-earnings. F5 Inc: Piper Sandler raised its target price to $304 from $246 after strong Q1 revenue. Henry Schein Inc & KKR & Co: KKR took a large stake in Henry Schein and will get two board seats. Honda Motor Co Ltd: Recalling 294,612 vehicles in the U.S. due to software issues that may cause engine stalls. Intel Corp: Investor scrutiny at INTC is high ahead of earnings after CEO Pat Gelsinger was ousted. Kohl's Corp: Reduced nearly 10% of its corporate workforce to improve profitability. Logitech International SA: Raised its full-year forecast after a strong pre-holiday quarter. Lucid Group Inc: Appointed Taoufiq Boussaid as its new CFO, replacing interim CFO Gagan Dhingra. Microsoft Corp: Investigating unauthorized data access linked to Chinese AI startup DeepSeek. Nasdaq Inc: Reported a higher Q4 profit, driven by demand for financial technology products. Otis Worldwide Corp: Missed Q4 profit estimates and forecast 2025 profit below expectations. Packaging Corp of America: Reported Q4 profit below estimates due to weaker seasonal demand. Quebecor Inc: TD Cowen raised target price to C$40, citing better subscriber familiarity and service improvements post-Freedom Mobile acquisition. Sony Group Corp: President Hiroki Totoki will become CEO, while Lin Tao will be the first female CFO. Starbucks Corp: SBUX reported a smaller-than-expected 4% drop in Q1 comparable sales. Stellantis NV: Acquired full control of its joint venture with Punch Powertrain to strengthen its hybrid technology. Stryker Corp: Beat Q4 profit estimates and will sell its U.S. spinal implants business to Viscogliosi Brothers. Sumitomo Mitsui Financial Group Inc: Reported a 54% surge in Q3 profit, putting it on track for a record annual profit. Telefonica SA: Hired JPMorgan to explore selling its Argentina business, with potential buyers including Millicom and Iliad. T-Mobile US Inc: Forecast 2025 postpaid customer additions between 5.5 million and 6 million, above expectations. Vale SA: Vale posted its highest annual iron ore production since 2018 despite a Q4 sales decline. Zimmer Biomet Holdings Inc & Paragon 28 Inc: Zimmer Biomet will acquire Paragon 28 for about $1.1 billion to expand its orthopedic portfolio.
Yahoo
28-01-2025
- Business
- Yahoo
Clorox names insider CFO as company veteran Jacobsen to retire
(Reuters) - Cleaning products maker Clorox said on Wednesday long-time finance chief Kevin Jacobsen will step down and would be succeeded by insider Luc Bellet. The leadership transition occurs as the Pine-Sol maker shifts its focus toward digital transformation and growth initiatives. Starting April 1, Jacobsen, who joined Clorox in 1995 and has served as CFO since 2018, will transition to an advisory capacity until his retirement in June. Bellet, who has been with Clorox for nearly two decades and is currently the treasurer, has been involved in the company's financial planning, audit and businesses development. The company is set to report its second-quarter results next week. Sign in to access your portfolio
Reuters
28-01-2025
- Business
- Reuters
Clorox names insider CFO as company veteran Jacobsen to retire
Jan 28 (Reuters) - Cleaning products maker Clorox (CLX.N), opens new tab said on Wednesday long-time finance chief Kevin Jacobsen will step down and would be succeeded by insider Luc Bellet. The leadership transition occurs as the Pine-Sol maker shifts its focus toward digital transformation and growth initiatives. Starting April 1, Jacobsen, who joined Clorox in 1995 and has served as CFO since 2018, will transition to an advisory capacity until his retirement in June. Bellet, who has been with Clorox for nearly two decades and is currently the treasurer, has been involved in the company's financial planning, audit and businesses development. The company is set to report its second-quarter results next week.
