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Company News For Aug 13, 2019

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  • The Kraft Heinz Co. (KHC - Free Report) shares dropped 0.8% after Fitch Ratings warned the company to downgrade its credit rating to junk status
  • Sysco Corp. (SYY - Free Report) climbed  3.1% after reporting fourth-quarter fiscal 2019 adjusted earnings per share of $1.10, surpassing the Zacks Consensus Estimate of $1.07
  • Viacom Inc.’s (VIAB - Free Report) shares plummeted 4.9% following news that its proposed all-stock merger deal with CBS Corp. (CBS - Free Report) will not provide any premium to the company’s current stock price
  • Shares of Cloudera Inc. (CLDR - Free Report) plunged 4.4% after the company entered into an agreement with activist investor Carl Icahn to provide two seats to his employees in Cloudera’s broad of directors

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