Shares of Bed Bath & Beyond Inc. tumbled Tuesday, putting them in danger of their first decline in two weeks, after Baird analyst Justin Kleber suggested investors sell, saying the Read more
Tag: Corporate Actions
Opinion: Why the Inflation Reduction Act is a very big deal for Americans
NEW YORK—Senate Democrats’ compromise bill, the Inflation Reduction Act (IRA) of 2022, addresses not just inflation but also several key longstanding problems facing our economy and society. There is a simmering Read more
InterContinental Hotels to launch $500 million buyback as profit surges
InterContinental Hotels Group PLC said Tuesday that it will launch a share-buyback program of up to $500 million as it reported a rise in net profit for the first half Read more
Take-Two revises outlook lower to account for Zynga, shifts in release schedule
Take-Two Interactive Software Inc. shares declined in extended trading Monday after the videogame publisher revised its outlook lower, to not only account for its recent acquisition of Zynga but for Read more
Groupon plans to slash costs, cut 500 jobs
Groupon Inc. GRPN, +8.19% on Monday said it plans to remove about 500 positions and cut other costs to turn the business around. Chief Executive Kedar Deshpande said in a Read more
Merger Monday brings fresh hope to investment bankers facing talk of head count reductions
A flurry of merger deals on Monday marked a bullish sign amid talk of lower bonuses and potential layoffs awaiting investment bankers on Wall Street. The deal parade of more Read more
Palantir stock skids as exec says downbeat forecast is ‘all the more disappointing’ given opportunities ahead
Executives at Palantir Technologies Inc. offered a lower-than-expected revenue forecast Monday as they predicted that the timing of some large government contracts will be pushed out. Palantir PLTR, -13.41% executives Read more
Fuel cell-powered truck maker Hyzon’s stock suffers record plunge after accounting questions raise delisting fears
Shares of Hyzon Motors Inc. were suffering a record plunge toward a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of issues,” including accounting regularities Read more
What is the Ethereum merge and why does it matter? Here’s an explainer.
This article is reprinted by permission from NerdWallet. The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does Read more
UPS nears deal to purchase Italian healthcare distributor Bomi Group
United Parcel Service Inc. is nearing a deal to acquire Italy’s Bomi Group, according to people familiar with the matter, as the transportation giant looks to bolster its medical-product-distribution business. The deal, Read more