U.S. stocks just cemented their worst start to a year in more than half a century. But as the slowdown in the U.S. economy becomes increasingly difficult to ignore, the Read more
Tag: Corporate Actions
JetBlue extends tender offer for Spirit to July 29
JetBlue Airways Corp. JBLU, -6.58% has extended its tender offer for Spirit Airlines Inc. SAVE, +6.38% to July 29 as it continues to compete for the company with Frontier Group Read more
Black patients were rarely included in clinical trials — until COVID-19 vaccines
Stephanie Walker, a Black retired nurse who was diagnosed with metastatic breast cancer in 2015, has never been asked to participate in a clinical trial. But if the opportunity to Read more
Chinese lithium producer Tianqi seeks $1.7 billion IPO in Hong Kong
Tianqi Lithium Corp. , one of the world’s largest producers of battery-grade lithium compounds, said Wednesday that it plans to raise the equivalent of up to $1.7 billion in a Hong Kong Read more
LVMH buys iconic California winery Joseph Phelps
French luxury-goods conglomerate Moet Hennessy Louis Vuitton is expanding its reach into Northern California’s Wine Country, acquiring the acclaimed Joseph Phelps Vineyards. Phelps has produced iconic wines for nearly 50 Read more
DOJ Files Lawsuit to Block Booz Allen Hamilton Acquisition of EverWatch
By Kathryn Hardison The Department of Justice filed a civil antitrust lawsuit on Wednesday to block Booz Allen Hamilton Holding Corp.’s proposed acquisition of EverWatch Corp. The department alleges that Read more
Spirit Air board pushes shareholders meeting on Frontier, JetBlue bids to July 8
Spirit Airlines Inc. SAVE, -1.80% on Wednesday said it plans to open and immediately adjourn a special meeting of stockholders on Thursday which had been called to allow investors to Read more
Court orders liquidation of crypto hedge fund Three Arrows
A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd. after creditors sued the cryptocurrency hedge fund for failure to repay debts. Nichol Yeo, a partner at Read more
Opinion: Sell Exxon Mobil and other energy stocks before these headwinds hit prices once again
Energy stocks have been the star investment this year. Now it’s time to sell them and electrify your portfolio before investors once again focus on the industry’s long-term headwinds. There Read more
Fed rolls out new index to flag early warning signs of distress in corporate bonds
The New York Federal Reserve on Wednesday rolled out a new index to help detect early warning signs of distress in the near $10 trillion U.S. corporate bond market, roughly Read more