Business & Finance 28 October 2024, 9:27 am 1 minute Rapid7’s shares jumped more than 9% after Reuters revealed that the cybersecurity firm is exploring options with its investment bankers after attracting acquisition interest from buyout firms. Article Tags Topics of Interest: Business & Finance Type: Reuters Best Sectors: Business & Finance Regions: Americas Win…
Business & Finance 23 October 2024, 6:03 am 1 minute Reuters was nearly two minutes ahead on the news that Starbucks had suspended its forecast through the next fiscal year as new CEO Brian Niccol looks to turn around the coffee giant struggling with falling demand for its pricey drinks. The news sent Starbucks’ shares…
24 October 2024, 8:00 am 1 minute Allianz, one of Europe’s biggest insurers, is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale. AllianzGI, which oversees 555…
COLOMBO, Sri Lanka — Sri Lanka’s new Marxist-leaning president swore in a 21-member Cabinet on Monday after his party secured a two-thirds parliamentary majority in last week’s election. The margin of victory will allow President Anura Kumara Dissanayake to make sweeping reforms, including a campaign promise of a new constitution, without needing support from other…
Business & Finance 23 October 2024, 6:44 am 1 minute Altair Engineering’s shares jumped more than 14% on Tuesday after Reuters exclusively reported that the engineering software maker is exploring a sale after receiving acquisition interest. Article Tags Topics of Interest: Business & Finance Type: Reuters Best Sectors: Business & Finance Regions: Americas Win Types:…
Domestic energy prices are expected to edge up again in the New Year, according to consultancy Cornwall Insight. The forecaster, which is widely regarded for its accurate predictions, said a household using a typical amount of gas and electricity would pay £1,736 a year from January. That would be a £17 a year, or 1%,…
Over more than 100 years, the Wilmington and Carson oil refineries have pumped out millions of barrels of gasoline, filling the thirsty cars of Southern California’s freeway-driving motorists. Now, in an abrupt move that reflects the tectonic industry shifts driven by climate change, the transition to electric vehicles and demands for cleaner air, Phillips 66…
Jeremy Hart played with Hot Wheels as a kid, but he eventually grew out of them, tucking the miniature cars away in a toolbox. Then nostalgia struck when he attended the Hot Wheels convention in California with his son three years ago. “I get these little glimmers and glimpses of memories and feelings when I…
Business & FinanceDeals 16 October 2024, 5:38 am 1 minute Saudi Arabia’s Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum Minerals’ Zambian copper and nickel assets. Manara, a joint venture between Saudi Arabian mining company Ma’aden and its $925 billion Public Investment Fund, is in…
After Wells Fargo was mired in a 2013 scandal over employees who opened millions of fake banking accounts, the bank created a new centralized unit to review customer complaints and employees’ allegations of workplace abuses. Now, however, that team is upended by its own turmoil as its members have accused bank officials of aggressively trying…
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