Ralph Lauren Corp. aims to buy back more stock and boost its profit margins as it benefits from strong consumer demand after years of restructuring. The New York-based luxury retailer on Monday Read more
Tag: Corporate Actions
Recall: Family Dollar shoppers should check toothpaste, condoms, pregnancy tests
This is nothing to smile about. Family Dollar recently issued a voluntary product recall of several varieties of Colgate toothpaste and mouthwash after stores in multiple states failed to store Read more
Pagaya stock continues volatile ride with 60% plunge amid lockup expiration
Shares of Israeli financial technology company Pagaya Technologies Ltd. were continuing their wild ride Tuesday, falling 60% as of midday in a move said to be related to a lockup Read more
Opinion: 4 reasons you should buy energy stocks right now if you are a long-term investor
This has been a painful year for stock market investors, as nothing seems to be working. There is an exception: Energy. It’s the best-performing sector and might still be a Read more
‘SPAC king’ is throwing in the towel on two vehicles after failing to find target companies in time
Chamath Palihapitiya, backer of the Social Capital Hedosophia Holdings Corp. special-purpose acquisition corporations, or SPACs, is winding down two vehicles after failing to find target companies within the required time Read more
Germany close to finalizing deal to nationalize Uniper
The German government is reportedly close to fully nationalizing gas producer Uniper to save it from collapsing, Bloomberg reports. Uniper UN01, +2.98%, its main shareholder Finnish state-owned energy company Fortum Read more
Opinion: 4 reasons you should buy energy stocks right now if you are a long-term investor
This has been a painful year for stock market investors, as nothing seems to be working. There is an exception: Energy. It’s the best-performing sector and might still be a Read more
Tencent looks to sell off more investments to pay for stock repurchases, future growth
Tencent Holdings Ltd. is looking into shedding more of its huge investment portfolio as the Chinese social-media and videogame company tries to fund a series of share buybacks and refocus Read more
Judge denies DOJ’s request to block UnitedHealth’s acquisition of Change Healthcare
WASHINGTON — A federal judge Monday ruled against a Justice Department antitrust challenge to UnitedHealth Group Inc.’s UNH, +0.49% $13 billion acquisition of health-technology firm Change Healthcare Inc. CHNG, -0.08%, rejecting government claims that the deal Read more
Chinese EV maker Zhejiang Leapmotor plans to raise over $1 billion in Hong Kong IPO
Zhejiang Leapmotor Technology Co. is planning to raise over 8.11 billion Hong Kong dollars ($1.03 billion) in an initial public offering to join a list of other Chinese electric vehicle Read more