The Indonesia stock market has moved higher in back-to-back sessions, advancing more than 45 points or 0.6 percent along the way. The Jakarta Composite Index now sits just beneath the 7,330-point plateau although it may run out of steam on Thursday. The global forecast for the Asian markets is one of caution ahead of key...
LAS VEGAS - Allegiant Travel Company (NASDAQ:ALGT), the Las Vegas-based airline, has released its preliminary passenger traffic figures for January 2024, showing a small decrease in the number of passengers and revenue passenger miles compared to the same period last year. The data indicates that Allegiant carried 1,176,117 passengers in scheduled service in January this...
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed near flat on Tuesday ahead of inflation and other economic data that could shed light on the possible timing of a Federal Reserve interest rate cut. As corporate earnings season winds down, investors refocused on economic data and the likely path of U.S. rates. Equities have...
By Lucy Craymer WELLINGTON (Reuters) - One of New Zealand\'s two free-to-air television networks said on Wednesday it was proposing to close its newsroom operations, television news broadcasts and website from June 30, with the loss of up to 200 media jobs. Warner Bros Discovery (NASDAQ:WBD), which owns the news service Newshub that airs on...
(Reuters) -American Airlines is nearing a deal for about 100 narrowbody jets split between Airbus SE (OTC:EADSY) and Boeing (NYSE:BA), with the European planemaker likely to win a slightly higher number of orders, two people familiar with the talks told Reuters on Tuesday. A deal for Airbus A321 and Boeing 737 MAX 8 jets could...
GRANTS PASS, Ore. - Dutch Bros Inc. (NYSE: NYSE:BROS), a drive-thru coffee chain, has announced the pricing of a public offering of 8,000,000 shares of its Class A common stock at $29.05 per share by certain selling stockholders affiliated with TSG Consumer Partners, L.P. The offering is slated to close around March 1, 2024, pending...
NEW YORK - Perella Weinberg Partners (NASDAQ:PWP), a global advisory firm, announced the pricing of an upsized public offering of 5 million shares of Class A common stock at $12.00 per share. The offering, which is expected to close on March 1, 2024, may expand with an additional 750,000 shares available to the underwriter for...
-- Embattled developer Country Garden Holdings (HK:2007), which is at the heart of a property market crisis China, received a winding-up petition in Hong Kong on Wednesday over its inability to repay some of its debts. Creditor Ever Credit Ltd filed the petition in the High Court of Hong Kong over the non-payment of a...
MALVERN, Pa. - Ecovyst Inc. (NYSE: ECVT), a global provider of advanced materials and specialty catalysts, announced the expansion of its Board of Directors from eight to nine members with the appointment of Sarah Lorance, effective March 1, 2024. Concurrently, the Board has nominated Don Althoff for election at the company\'s annual stockholders meeting on...
-- Most Asian stocks kept to a tight range on Wednesday amid persistent caution over higher-for-longer U.S. interest rates, with Japanese indexes pulling back from record highs as a tech-driven rally cooled. Regional markets took a middling lead-in from Wall Street, as caution ahead of key PCE price index data- the Federal Reserve’s preferred inflation...