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Norsk Hydro on Friday announced that production at Paragominas and Alunorte have resumed. The power supply to Paragominas bauxite mine, in the state of Pará in northern Brazil, has been restored, allowing production to restart. As a result, production is being ramped up at Hydro's Alunorte alumina...

The SEC announced that Alexion Pharmaceuticals Inc. (ALXN) has agreed to pay more than $21 million to resolve charges that it violated the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act. SEC found that two Alexion subsidiaries made payments to foreign...

Ryanair (RYA.L, RYAAY) welcomed acceptance by 100% of its Irish Pilots of a 4-year agreement which includes a 20% pay reduction, restored over 4 years, to minimise Irish Pilot job losses. The company has also signed agreements with the Fórsa union for its Irish based cabin crew and the UNITE union for...

Billionaire Mukesh Ambani's Reliance Industries Limited said Friday that Intel Capital will invest 1,894.50 crore Indian rupees or $253 million in Jio Platforms. According to Reliance Industries, the investment values Jio Platforms at an equity value of 4.91 lakh crore and an enterprise value of 5.16...

Rio Tinto Plc (RTPPF.PK, RIO.L, RIO, RTNTF.PK) said Oyu Tolgoi LLC has completed an updated feasibility study (OTFS20) and is in the process of submitting this to the Government of Mongolia. The updated study incorporates a new mine design for Panel 0 of the Hugo Dummett North underground mine at Oyu...

Shares of Moderna Inc. (MRNA) slipped over 5% on Thursday after a report claimed that the biotechnology company's late-stage trial for a coronavirus vaccine will be delayed. Moderna is developing mRNA-1273 in collaboration with the National Institute of Allergy and Infectious Diseases (NIAID). The...

Mortgage rates, or interest rates on home loans, reached lowest rate heading into holiday weekend, according to mortgage provider Freddie Mac (FMCC.OB). Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 3.07 percent for...

The U.S. Department of the Treasury Thursday announced that 5 major US airlines, including American Airlines, Frontier Airlines, Hawaiian Airlines, Sky West Airlines, and Spirit Airlines, have agreed to the terms on which Treasury would extend loans under the Coronavirus Aid, Relief, and Economic Security...

XP Inc. (XP) shares are rising on Thursday morning as it announced the pricing of an underwritten public offering of 19,535,420 Class A common shares. The shares of the technology-driven financial services platform are currently trading at $45.74, up 5.48 percent from its previous close of $43.36....

Five U.S. airlines have signed agreements with the U.S. Department of the Treasury on the loan terms under the Coronavirus Aid, Relief, and Economic Security or CARES Act. The Treasury Department said Thursday that American Airlines, Frontier Airlines, Hawaiian Airlines, Sky West Airlines, and Spirit...

Shares of lifting equipment maker The Manitowoc Company, Inc. (MTW) are climbing more than 3% Thursday morning at $10.68. Its 52-week range is $7.24- $18.55. There have been no stock-centric news that influenced the upward movement.

Shares Avis Budget Group, Inc. (CAR) gained over 19% on Thursday morning. The company's stock is currently trading at $26.74, up $4.26 or 18.95%, on the Nasdaq. The car rental company's stock has traded between $6.35 and $52.98 for the year-to-date period. Used car market is recovering quickly...

Shares of Brookfield Property REIT Inc. (BPYU) are rising more than 13% Thursday morning after the company announced its plan to buy 72.17 million of its LP units from public unitholders for $12 per unit, 17.6% higher than its July 1, closing price of $10.20.

Shares of BioLife Solutions Inc. (BLFS) are rising more than 16 percent or $2.63 in Thursday's morning trade at $16.67. Bothell, Washington-based BioLife Solutions is a developer of bioproduction tools for cell and gene therapies. Thursday, the company said it has priced its public offering of 5.175...

Shares of Tesla, Inc. (TSLA) are climbing more than 7% Thursday morning after the automaker said it delivered about 90,650 vehicles in the second quarter, beating analysts' expectation of $72,000 vehicles.

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