logo

Quick Facts

Share

Carl Icahn said that he plans to withdraw litigation and dropping the proxy fight involving Dell Technologies Inc. (DVMT) and its attempt to go private. "In connection with the revised deal, it appears that stockholders representing 17% of the stock have decided to switch over and support Dell,"...

PG&E Corp. (PCG) shares soared 44 percent in after-hours trade on Thursday after Bloomberg reported that head of the California Public Utilities Commission said he can't imagine allowing the state's largest utility to go into bankruptcy as it faces billions of dollars in potential liability from deadly...

Bombardier acknowledged the announcement by the Autorité des marchés financiers or AMF that it is reviewing the operations surrounding the establishment by Bombardier of an Automatic Securities Disposition Plan or ASDP in August 2018 and various subsequent announcements. The ASDP had been reviewed by...

MorphoSys AG (MOR) and I-Mab Biopharma, a biotech company focusing exclusively on innovative biologics in immuno-oncology and autoimmune diseases, announced that they have entered into an exclusive strategic collaboration and regional licensing agreement for MOR210. MOR210 is MorphoSys's proprietary,...

Intel Corp. Thursday said its board of directors has approved a $15.0 billion increase in its authorized stock repurchase program. The company had $4.7 billion remaining under its existing repurchase authorization as of September 29, 2018. Under this authorization, Intel is not required to purchase...

Ashland Global Holdings Inc. (ASH) said that it agreed to sell its Composites business and the butanediol or BDO manufacturing facility in Marl, Germany, to INEOS Enterprises in a transaction valued at approximately $1.1 billion. The transaction is expected to close prior to the end of the June 2019...

Energizer Holdings, Inc. (ENR) announced that it reached an amended acquisition agreement and proposed a remedy for consideration to the European Commission in relation to its proposed $2.0 billion acquisition of Spectrum Brands' (SPB) Battery and Portable Lighting Business. In addition, Energizer...

Cooper Tire & Rubber Company (CTB) announced that Christopher Eperjesy will join the company as Senior Vice President & Chief Financial Officer, effective Dec. 10. He joins Cooper from The IMAGINE Group, where he served as Chief Financial Officer. Eperjesy will succeed Ginger Jones. Previously, Eperjesy...

J. C. Penney Company Inc. (JCP) reported that its net loss for third quarter widened to $151 million or $0.48 per share, from $125 million or $0.40 per share in the same period last year. In Thursday's pre-market trade, JCP is trading at $1.09, down $0.13 or 10.66 percent. Adjusted net loss was...

Spire Inc. (SR) affirmed the company's longer-term net economic earnings per share growth target of 4-7 percent from a base of fiscal 2018 run-rate earnings after removing $0.17 per share of Spire Marketing's performance. The company anticipates capital investment for the 5-year period 2018-2022 to be...

Dell Technologies Inc. (DVMT) said Thursday that it has agreed with the Dell Technologies Special Committee to amend the proposed Class V common stock transaction to increase the consideration payable to Class V stockholders. As per the final proposal, Class V stockholders can elect to receive for each...

3M Co. (MMM) said Thursday that its Chief Executive officer Mike Roman will lay out new five-year financial objectives and introduce his priorities for the future at the company's Investor Day in St. Paul today. 3M noted that the four priorities - focused around Portfolio, Innovation, Transformation,...

Australian retailer Wesfarmers Ltd. 's(WES.AX, WFAFF.PK) shareholders on Thursday voted to approve the demerger of Coles. The company conducted General Meeting as well as the Scheme Meeting to approve and implement the demerger. The company said its Board unanimously believes that this demerger is...

Antofagasta plc (ANFGY.PK, ANTO.L) announced the approval of the expansion of its subsidiary Minera Los Pelambres , which is 60% owned by Antofagasta and 40% owned by consortiums led by JX Nippon and Mitsubishi. The expansion will add an average of 60,000 tonnes of copper a year to the mine's production...

Specialist asset manager Intermediate Capital Group plc (ICP.L) reported Thursday that its Group profit before tax for the half year ended 30 September 2018 rose 30 percent to 124.0 million pounds from 95.5 million pounds in the prior-year period. Profit attributable to equity holders of the parent...

Follow RTT