PITTSBURGH - Alcoa Corporation (NYSE:AA), a global leader in bauxite, alumina, and aluminum products, announced today its plan to acquire Alumina (OTC:AWCMY) Limited (ASX:AWC) through an all-stock transaction. The Scheme Implementation Deed, which has been entered into by both companies, will see Alumina Limited shareholders receive 0.02854 Alcoa shares for each share they hold, implying...
By Harshita Mary Varghese (Reuters) -Oracle said on Monday it is set to make a joint announcement with chip-giant Nvidia (NASDAQ:NVDA), and it beat estimates for quarterly profit, riding on the generative AI demand boom, sending shares up nearly 14% in extended trading. The late-day rally in Oracle (NYSE:ORCL)\'s shares added more than $40 billion...
(Reuters) - Air New Zealand said on Tuesday it plans to pause its Auckland to Chicago non-stop service from March 31 to Oct. 25 this year due to ongoing challenges with the availability of serviceable Rolls-Royce (OTC:RYCEY) Trent 1000 engines. The airline added that it does not expect an impact to its full-year results as...
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 and Nasdaq ended down slightly on Monday with investors preparing for this week\'s consumer and producer price data, which they hope will provide a better idea of whether the Federal Reserve can begin cutting interest rates in the coming months. Boeing (NYSE:BA) shares eased 3%. U.S....
-- U.S. stock index futures rose in evening deals on Monday, buoyed chiefly by positive, AI-fueled earnings from cloud giant Oracle, although caution ahead of key inflation data kept gains limited. Oracle Corporation (NYSE:ORCL) helped inspire gains in other technology stocks, especially after a muted session on Wall Street drummed up concerns that a rally...
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PURCHASE, N.Y. - Cognition Therapeutics, Inc. (NASDAQ:CGTX), a clinical-stage biopharmaceutical company, has announced the pricing of its underwritten public stock offering. The company has set the price at $1.75 per share for 6,571,428 shares. In addition, the underwriters have been granted a 30-day option to purchase up to an additional 985,714 shares under the same...
LOUISVILLE, Ky. - Humana Inc . (NYSE: NYSE:HUM), a health insurance company, has announced the pricing of its public offering of senior notes totaling $2.25 billion. The offering is divided into two tranches: $1.25 billion in 5.375 percent senior notes due 2031 and $1 billion in 5.750 percent senior notes due 2054. The transaction is...
ST. PAUL – Patterson Companies, Inc. (NASDAQ:PDCO), a provider of products and solutions to dental and animal health markets, has announced a new share repurchase program. The Board of Directors approved the buyback of up to $500 million of the company\'s common stock, set to continue through March 16, 2027. This new repurchase authorization replaces...
HICKSVILLE, N.Y. - New York Community Bancorp , Inc. (NYSE: NYSE:NYCB), parent company of Flagstar Bank, N.A., has announced the completion of a significant equity investment totaling approximately $1.05 billion. The investment comes from a group of strategic investors including Liberty Strategic Capital, funds managed by Hudson (NYSE:HUD) Bay Capital Management, funds managed by Reverence...