Shares of MicroStrategy (MSTR) fell more than 3.3% in after-hours trading Monday following the company’s announcement that it will raise $600 million through the issuance of Senior Convertible notes. These notes, which are a type of debt instrument that can be converted into company equity at a future date, offer holders a higher claim on...
SANTA CLARA, Calif. - Advanced Micro Devices, Inc. (NASDAQ:AMD), a leading global semiconductor company, announced that Thomas Zacharia has been appointed as the new senior vice president of strategic technology partnerships and public policy. In his new role, Zacharia will focus on expanding AMD\'s public and private sector relationships worldwide, with the aim of accelerating...
COLUMBUS, Ga. - Synovus (NYSE:SNV) Financial Corp. (NYSE:SNV), the Columbus-based financial services company, has declared quarterly dividends for its common stock and two series of preferred stock. Shareholders of the company\'s common stock are set to receive $0.38 per share on April 1, 2024, provided they are on record as of March 21, 2024. Additionally,...
On Monday , Tigress Financial Partners increased the price target for monday.com Ltd. (NASDAQ: MNDY (NASDAQ:MNDY)) to $280, while reaffirming a Buy rating on the stock. The firm cited the company’s continued evolution of its Work OS platform, which is enhancing enterprise management capabilities and driving new customer adoption. This progress is reflected in the...
By Svea Herbst-Bayliss (Reuters) - Billionaire U.S. investor Nelson Peltz on Monday said media and entertainment company Walt Disney (NYSE:DIS) had gambled away a \"winning hand\" and blamed \"poor oversight\" from its board, which he wants to be elected to next month. In a 133-page-long presentation, the founder of Trian Fund Management argued that Disney...
-- New York Community Bancorp \'s wild ride lower continued Monday as concerns about rising funding costs and depositors fleeing the regional bank mount after major credit ratings agency Moody\'s (NYSE:MCO) cut its ratings on the bank\'s ability to pay back its creditors for the second time in a month. New York Community Bancorp Inc (NYSE:NYCB)...
GLENS FALLS, N.Y. - Arrow Financial (NASDAQ:AROW) Corporation (NASDAQ:AROW) has announced that its subsidiary, Glens Falls National Bank and Trust Company, will acquire a branch from Berkshire Bank, owned by Berkshire Hills (NYSE:BHLB) Bancorp, Inc. (NYSE:BHLB), located at 184 Broadway, Whitehall, New York. The transaction is expected to conclude by the end of the third...
By Manya Saini (Reuters) -New York Community Bancorp (NASDAQ:CTBI) shares extended their slide days after the lender replaced its CEO and flagged \"material weaknesses\" in internal controls related to a loan review. The shares tumbled over 23% to close at their lowest since 1996. They had dropped as much as 26% on Friday despite the...
By Rajesh Kumar Singh and Shivansh Tiwary NEW YORK (Reuters) -American Airlines on Monday unveiled its biggest plane order since 2011, buying 260 new jets from Airbus, Boeing (NYSE:BA) and Embraer as it looks to increase earnings by capitalizing on booming demand for premium travel. The deal includes 85 Airbus A321neo jets, 85 Boeing 737...
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Shares in Tesla (NASDAQ:TSLA) fell more than 7% on Monday after its sales declined in February in China, where it likely faced a slowdown during the Lunar New Year holidays. The fall in sales in its key market dimmed the outlook for Tesla\'s global deliveries, at a time when...