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violence aug19 On September 15, President Joe Biden will host at the White House the "United We Stand Summit." Announcing this, White House Press Secretary Karine Jean-Pierre said the summit is organized to counter the corrosive effects of hate-fueled violence on American democracy and public safety, highlight the response of the Biden Administration and communities nationwide to these dangers, and put forward

wallstreet aug13 19aug22 Stocks have moved sharply lower in morning trading on Friday, more than offsetting the modestly higher close seen in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq leading the pullback.

Enstar Group Limited (ESGR), through its subsidiary Cavello Bay Reinsurance, will end its involvement in Enhanzed Re, a joint venture with Allianz. It is eliminating all catastrophe exposure. Enstar noted that it is transferring its share in the joint venture to Allianz. Cavello Bay and Allianz...

fl bke 081922 Specialty athletic retailer Foot Locker, Inc. reported Friday a second-quarter net profit that plunged from last year, hurt by a sales decline amid markdowns. Quarterly sales met Street estimates. The company also trimmed it adjusted earnings and sales growth guidance for the full-year 2022.

wallstreet oct26 19aug22 After ending yesterday's choppy trading session modestly higher, stocks may come under pressure in early trading on Friday. The major index futures are currently pointing to a notably lower open for the markets, with the S&P 500 futures down by 1 percent.

Citigroup Global Markets Limited, an arm of Citigroup Inc. (C), has been fined by the UKs Financial Conduct Authority or FCA for 12.553 million pounds, the British financial regulator said on Friday. The penalty follows the broker's failure to properly implement the Market Abuse Regulation (MAR) related...

GI Alliance said its physician owners, which now own approximately 70% of the company, have agreed to repurchase the minority equity stake held by Waud Capital Partners. The deal values GI Alliance at $2.2 billion and is being led by funds managed by affiliates of Apollo (APO), within its Hybrid Value...

CBAK Energy Technology, Inc. (CBAT) said its subsidiary, Nanjing CBAK, has entered into a strategic partnership agreement with Welson Power, a China-based new energy company. Nanjing CBAK will supply its Model 32140 batteries to Welson Power which will sell the products to overseas market, mainly India,...

Wayfair Inc. (W) Friday announced a job cut of approximately 870 employees as part of realignments. The company said the reduction represents approximately 5 percent of the global workforce and approximately 10 percent of its corporate team. As part of substantial reductions in its third-party labor...

Catalyst Biosciences, Inc. (CBIO) announced that JDS1, LLC, one of its stockholders, has dismissed lawsuits against the company. JDS1 and certain of its affiliates have also agreed to a customary standstill and voting commitment, and the parties have entered into mutual releases. The company has agreed...

Old Republic International Corporation (ORI) announced its Board of Directors has declared a regular quarterly cash dividend on its common stock of 23 cents per common share. This dividend is payable on September 15, 2022 to shareholders of record on September 1, 2022. The full year's cash dividend is...

KVH Industries, Inc. (KVHI) said its Board has adopted a limited duration stockholder rights plan. Pursuant to the plan, KVH declared a dividend distribution of one preferred stock purchase right for each outstanding share of the common stock to stockholders of record as of the close of business on...

Biotechnology company Acorda Therapeutics, Inc. (ACOR) announced Friday that Lauren Sabella, Chief Operating Officer, will resign from the Company effective September 30, 2022. She will be working in a strategic advisory role for early-stage biotechnology companies. Sabella's responsibilities will...

General Motors Co. (GM) said its Board has authorized the reinstatement of a quarterly cash dividend on the company's outstanding common stock at a rate of $0.09 per share. The first dividend will be paid on Sept. 15, 2022, to shareholders of record as of the close of business on Aug. 31, 2022. The company...

Palatin Technologies, Inc. (PTN) said it plans to effect a 1-for-25 reverse split of its issued and outstanding common stock, effective August 30, 2022. The company's common stock is expected to begin trading on a split-adjusted basis on August 31, 2022. The reverse stock split will reduce the number...

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