Mubadala Capital to Take Canada's CI Financial Private in C$4.7B Deal
Mubadala Capital, the asset-management unit of the sovereign wealth fund, struck a definitive agreement to buy CI's for a cash consideration equal to C$32 a share, which marks a 33% premium to the ...
Anglo American to sell steelmaking coal assets to Peabody Energy for $3.8 billion
Anglo American’s deal sits in line with the mining company’s plans to refocus its business on copper, iron ore and crop ...
S&P 500 Futures Climb in Premarket Trading; Bath & Body Works, Rocket Lab USA Lead
With U.S. stock markets set to open in two hours, Bath & Body Works Inc. (BBWI) was up 12.0% in pre-market trading, and Rocket Lab USA Inc. (RKLB) was up 7.7%.
Corning Offers Undertakings to EU Over Mobile Device Glass Probe -- Update
The commission--the EU's executive arm--said Monday that Corning has offered to waive all exclusive deals with device-makers and companies that process raw glass, and not impose minimum purchasing ...
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Cassava Sciences’ stock halted down 5% after Alzheimer’s disease trial fails to meet its goals
Cassava Sciences Inc.’s stock SAVA was halted after falling 5% in premarket trade Monday, after the company said a trial of a treatment for mild-to-moderate Alzheimer’s disease failed to meet its main ...
Bath & Body Works’ stock soars after earnings beat and raised guidance
The company said that investments made in marketing and technology, combined with innovations in core products and ...
Bath & Body Works' stock soars 13% after earnings beat
Bath & Body Works Inc.’s stock jumped 12% premarket Monday after the soap and fragrance company’s third-quarter earnings topped estimates and it raised guidance. The Columbus, Ohio-based company, ...
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Cassava Sciences' Alzheimer's Treatment Didn't Meet Endpoints in Study
Cassava Sciences said a study of its Alzheimer's treatment simufilam didn't meet co-primary, secondary and exploratory biomarker endpoints. Trading was halted at 7:25 a.m. ET. The stock is up 18% on ...
Apple may have an AI trick up its sleeve, says this VC investor
Investors have greeted the news that Scott Bessent will be President-elect Donald Trump’s choice to be Treasury secretary ...
Freightos Finance Chief to Depart at End of 2024
The payments platform for the freight industry said Monday that Ran Shalev has decided to end his tenure as CFO on Dec. 31. The Barcelona-based Freightos said it has started looking for a successor.
Macy’s stock drops after ‘erroneous’ accounting entries found, leading to delay of quarterly results
Shares of Macy’s Inc. M dropped 3.7% in premarket trading Monday, after the department-store chain said it uncovered “erroneous accounting accrual entries,” which will result in the company delaying ...
Oil prices consolidate after surging on rising geopolitical jitters
Oil futures were slightly lower early Monday, consolidating after a surge that saw the U.S. benchmark jump more than 6% last ...