Online secondhand-fashion marketplace Poshmark Inc. has agreed to be bought by South Korean internet company Naver in a $1.2 billion deal, the companies announced Monday, a move that executives said Read more
Tag: Corporate Actions
Intel files for Mobileye IPO, creating share structure that keeps it in control
After nearly a year’s wait, Mobileye is on the highway to Wall Street. Intel Corp. INTC, -2.31% -owned Mobileye Global Inc. launched its drive to an initial public offering in Read more
Intel files for Mobileye IPO, creating share structure that keeps it in control
After nearly a year’s wait, Mobileye is on the highway to Wall Street. Intel Corp. INTC, -2.31% -owned Mobileye Global Inc. launched its drive to an initial public offering in Read more
Disney names new board member in deal with activist investor Third Point
The Walt Disney Co. announced a new board member Friday afternoon as part of a settlement with activist investor Third Point LLC. Disney DIS, -3.20% disclosed that Carolyn Everson, who Read more
How fast utilities recover from hurricanes like Ian can tell you which of their stocks is best
Nearly 2 million electricity customers across Florida remained without power Friday, a modest improvement from the day before as the state looks to recover from Category 4 Hurricane Ian, a Read more
Altria and Juul end noncompete deal: Here’s what that means for e-cigarette sales and marketing
Altria Group Inc. said Friday it has taken a step that extricates it from its noncompete arrangement with vaping company Juul Labs Inc., freeing both companies to pursue their own Read more
Weekend reads: What to expect now for home prices, stocks and bonds
This week Freddie Mac said the average interest rate on a 30-year mortgage loan in the U.S. had climbed to 6.70% from 6.29% the week before and 6.02% two weeks Read more
Federal regulators look to update bank-merger rules amid fintech challenge
Federal bank regulators continue to signal they’re on a path to update bank-merger guidelines that have been in place since 1995 in light of how the competitive marketplace has changed Read more
Weekend reads: What to expect now for home prices, stocks and bonds
This week Freddie Mac said the average interest rate on a 30-year mortgage loan in the U.S. had climbed to 6.70% from 6.29% the week before and 6.02% two weeks Read more
Bed Bath & Beyond’s Q2 results ‘indefensible’, says Wells Fargo analyst
Bed Bath & Beyond reported a much wider-than-expected second quarter loss before the stock market opened on Thursday, but also gave an improved inventory outlook and projected breakeven operating cash Read more