Shares of RTX Corp. formerly known as Raytheon Technologies, sank 4.4% toward a near two-year low in premarket trading Monday, after the defense contractor.
Cushman & Wakefield is scouring its operation for savings after a rough six months, having identified where it can sock away $130 million by the end of the year as it faces revenue losses thanks to the country’s struggling leasing and capital markets sectors. C&W saw an overall revenue decrease of 6 percent year-over-year after pulling in $4.7 billion in the first half of 2023, and its net losses amounted to around $71.3 million, company officials announced during C&W’s quarterly earnings call Monday night. “We’ll be taking more intentional and holistic approaches to capital allocation as it relates to our updated strategy across all of our businesses with the knowledge that investment capital allocation to our business lines is not free and we must evaluate returns accordingly,” C&W CEO Michelle MacKay said during the call.
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Wakefern Food Corp. announced the appointment of Parul Aggarwal, CPA, as vice president, controller for Wakefern Financial Services. Aggarwal reports to Chief Financial Officer Neil Falcone. Aggarwal will oversee accounting operations, payroll, tax and compliance for Wakefern Financial Services. She will also head external financial reporting, including quarterly consolidations and financial statements, annual audited financial statements and compliance.