By Eric Onstad LONDON (Reuters) – British-based commodities broker Marex Group is planning more acquisitions to diversify the company following a U.S. listing, its CEO told Reuters, in the wake of strong interim results that sent shares to a record high. Marex listed on the U.S. Nasdaq exchange in April with an initial public offering…
(Reuters) -Eli Lilly has sent cease-and-desist letters to U.S. healthcare providers in recent days demanding they stop the promotion of copycat weight-loss drugs as the supply of its brand-name medicines improves, Bloomberg News reported on Wednesday. Lilly now considers the brand-name drugs to be available and said compounded drugs from state-licensed facilities should not be…
By Juveria Tabassum (Reuters) -Home Depot forecast a decline in annual profit and a bigger drop in its annual comparable sales on Tuesday, as tepid discretionary spending dashed hopes of a recovery in demand for home improvement projects. Shares of the Dow component fell 4% in premarket trading after the company also reported a bigger…
(Reuters) – Ford Motor issued an do-not-drive advisory on Tuesday for certain vehicles still affected by Takata airbag recalls. The Detroit automaker urged drivers to contact dealerships immediately for repairs. The recall includes specific models such as Ranger trucks, Mustang and GT sports cars, Fusion sedans and some SUVs including its popular Edge model, among…
(Reuters) – JetBlue Airways said on Monday it plans to raise about $3.15 billion in capital through separate debt offerings, the majority backed by its loyalty program, TrueBlue, as it tries to improve its liquidity. Shares of the company were down 8% in premarket trading. The New York-based airline intends to raise $1.5 billion through…
(Reuters) -Starbucks and activist investor Elliott Management are talking about a settlement, CNBC reported on Monday, citing sources. Elliott had built a sizable position in the coffee chain and has been discussing ways of improving its stock performance, Reuters had reported in July, citing two sources familiar with the matter. The activist investor had proposed…
OTTAWA (Reuters) -The Canadian Teamsters union, which is negotiating a contract with the country’s two largest rail companies, said on Friday a work stoppage could start on Aug. 22 if a deal is not reached. “The Teamsters will provide 72 hours advance notice in the event of any strike action,” it said in a statement….
(Reuters) -Equity Residential has agreed to acquire 11 apartment properties located in its expansion markets such as Atlanta and Denver from Blackstone for about $964 million, the companies said on Wednesday. The company will purchase the portfolio comprising of 3,572 apartment units in separate deals with Blackstone Real Estate strategies. The properties cater to a…
By Max A. Cherney SAN FRANCISCO (Reuters) – For U.S. chip giant Intel, the darling of the computer age before it fell on harder times in the AI era, things might have been quite different. About seven years ago, the company had the chance to buy a stake in OpenAI, then a fledgling non-profit research…
By Ananya Mariam Rajesh (Reuters) – The summer Olympics is turning out to be a rare win for Nike as the global sporting event has helped boost demand for the sportswear giant’s new launches and edge out competition, website searches from research firm Similarweb showed. In the opening week of the Olympics, from July 26…
