A Lyft logo has been installed on a Lyft driver’s car next to an Uber sticker in Pittsburgh.
Gene J. Puskar | AP
Check out the companies that make headlines around the clock:
Lyft, Uber – Shares of the ride-healing duo deteriorate after a San Francisco Superior Court judge ruled they were converting California drivers from independent contractors to employees with benefits. Lift lost 1.7% in extended trading, while Uber fell 1.5%.
Occidental Petroleum – Occidental Petroleum shares fell 4% after the oil and gas company posted a wider-than-expected loss and booked a total value of $ 6.6 billion for the second quarter. Occidental reported a loss of $ 1.76 per share, worse than the expected $ 1.68 per share loss, according to FactSet.
Bed, Bath & Beyond – Shares of Bed Bath & Beyond slipped more than 4% after the retailer said it was lifting the suspension of planned debt cuts, which were carried out to mitigate the pandemic’s blow.
Simon Property Group – Shares of Simon Property Group fell 0.3% after the largest owner of the US shopping center published disappointing revenue. Simon Property said its second-quarter revenue fell about 24% to $ 1.06 billion, compared to estimates of $ 1.14 billion, according to Refinitiv. The stock gained more than 5% on Monday after the Wall Street Journal reported that it was in talks with Amazon to turn Sears and JC Penney stores into warehouses.
Kodak – Shares of Kodak extended its trading slide to hours, falling more than 2% after losing 27% in regular trading on Monday. The declines came after the image pioneer’s appointment with the government to produce drugs ran into a hedge. The U.S. Development Finance Corporation tweeted Friday that it “will no longer proceed” to “accusations of misconduct.” [that] make serious concerns… be removed. “
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