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United Airlines Rises, Tyson Foods Drops, Dell Gains After Winning $9.7 Billion Defense Deal
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On this episode of Stock Movers:
- United Airlines (UAL) shares rise. United Airlines Holdings Inc. won’t participate in industry consolidation anytime soon because the carrier lacks a willing partner for a major deal, according to Chief Executive Officer Scott Kirby.
- Tyson Foods (TSN) shares drop. Tyson Foods Inc. said Donnie King will step down as chief executive officer after five years at the helm of the US’s biggest meatpacker. Jeff Schomburger will become president and CEO on Oct. 4, and King will remain a director and work with Schomburger throughout the transition beginning in July.
- Dell (DELL) shares gain. A unit of Dell Technologies Inc. won a $9.7 billion contract to help the US military handle its licenses for Microsoft Corp. software related to email, spreadsheets and other needs across classified and unclassified systems, the Pentagon said.
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