Buyers are leaving Bed Bath & Beyond in New York.
Michael Nagle | Bloomberg | Getty Images
Take a look at the headlines after the bell :
Bed Bath & Beyond shares rose by up to 22% during extended trading after the company announced that Mark Tritton was taking the helm as President and CEO will succeed Interim CEO Mary A. Winston on 4 November. Tritton was most recently Executive Vice President and Chief Merchandising Officer at Target. His immediate focus will be on "accelerating the company's ongoing business transformation," said the retailer of household goods in a press release. Separately, Target announced that senior vice president of operations will be Michael Fiddelke executive vice president and CFO on November 1
PG & E shares fell more than 25% after a Californian judge granted a motion from a group of claimants and senior creditors led by Elliott Management, paving the way for a competing restructuring plan. The plaintiffs and creditors must submit their plan by October 17, the judge ordered.
Sprint shares plunged nearly 3% after Mississippi Attorney General Jim Hood reached an agreement with T-Mobile to drop his state's action against the merger, inter alia, in exchange for new T-Mobile shares. Mobile 5G networks between the two carriers. New T-Mobile is expected to provide 5G services to at least 92% of the population of Mississippi and 88% of rural population within six years. So far, more than a dozen other Attorney General's have signed the lawsuit against the merger in several states, Reuters reported.
Micron shares are down 2% on a proxy level this week, according to a report by the South China Morning Post stating that the US and China said no. Higher-level talks are expected to last only Thursday, the report added, rather than the originally scheduled timeframe Thursday through Friday.
NVIDIA and Broadcom shares fell. NVIDIA fell 2% and Broadcom 1%.