U.S. Luxury Stock News

NYSE:IR
NYSE:IRMachinery

Ingersoll Rand (IR) Eyes M&A With Strong Balance Sheet Despite US$115 Million Q2 Loss

Ingersoll Rand (IR) announced a second-quarter sales increase to $1,888 million, but reported a net loss of $115 million, which influenced its stock price movement. Despite the company's revised revenue guidance indicating modest growth, its focus on mergers and acquisitions, highlighted by an accelerated $500 million share repurchase, could have added weight to the stock's 10% rise over the last quarter. Meanwhile, broader market trends, including declines due to new tariff concerns and weak...
NasdaqGS:CDW
NasdaqGS:CDWElectronic

New Leadership at CDW (CDW): Mukesh Kumar Joins as Chief Services and Solutions Officer

CDW (CDW) recently announced that Mukesh Kumar will join as Chief Services and Solutions Officer, potentially reinforcing its market position. Over the last quarter, the company experienced a 5% price increase. During this period, key developments included CDW's new partnerships with Asato Corporation for AI-powered solutions and with Smartsheet for work management platforms, which could bolster its tech capabilities. Furthermore, CDW's addition to the Russell 1000 Dynamic Index likely...