United Bankshares, Inc. (UBSI), the parent company of United Bank, and Piedmont Bancorp, Inc., the parent company of The Piedmont Bank, announced Friday they have entered into a definitive merger agreement under which United will acquire 100 percent of the outstanding shares of Piedmont in an all-stock deal valued at about $267 million. This merger...
AlTi Global, Inc. (ALTI) reported Friday net income attributable to AlTi for the first quarter of $29.35 million or $0.18 per share, compared to a net loss of $68.74 million or $1.19 per share in the prior-year quarter. Total revenues for the quarter declined to $50.81 million from $58.05 million in the same quarter last...
Diversified company Boston Omaha Corp. (BOC) announced Friday that Alex Rozek, Co-CEO and Co-Chair, has left the Company, effective as of May 9, 2024 to pursue new entrepreneurial opportunities. Adam Peterson will continue to lead the Company as Chair and CEO. Although Rozek intends to pursue new entrepreneurial activities, he will continue to serve as...
After opening marginally higher, the Canadian market advanced further, and with several stocks holding gains, remains firmly placed in positive territory in early afternoon trades on Thursday. Investors are mostly reacting to quarter earnings updates. Shares from materials, communications and energy sectors are among the prominent gainers. The benchmark S&P/TSX Composite Index was up 107.98...
The U.S. dollar drifted lower against its major counterparts on Thursday after data showing a much bigger than expected increase in U.S. jobless claims added to recently renewed optimism that the Federal Reserve will lower interest rates in the coming months. The report said initial jobless claims climbed to 231,000, an increase of 22,000 from...
The Canadian market ended on a firm note on Thursday, bouncing back after snapping a five-session winning streak a day earlier, as data showing a bigger than expected increase in U.S. jobless claims raised expectations the Federal Reserve will cut interest rates in September. Materials shares rallied sharply. Stocks from communications, energy, utilities, real estate...
The manufacturing sector in New Zealand continued to contract in April, albeit at a slower pace, the latest survey from BusinessNZ revealed on Friday with a score of 48.9. That\'s up from the downwardly revised 46.8 in March (originally 47.1), although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Among...
The South Korea stock market on Thursday ended the two-day winning streak in which it had jumped almost 70 points or 2.6 percent. The KOSPI now sits just above the 2,710-point plateau and it figures to bounce higher again on Friday. The global forecast is upbeat on an improving outlook for interest rates. The European...
The British pound strengthened against other major currencies in the pre-European session on Friday. The pound rose to an 8-day high of 195.17 against the yen, from yesterday\'s closing value of 194.63. Against the Swiss franc and the U.S. dollar, the pound advanced to 3-day highs of 1.1368 and 1.2542 from Thursday\'s closing quotes of...
The British pound strengthened against other major currencies in the pre-European session on Friday, after the U.K. economy exited a technical recession in the first quarter with the economic output growing better than expected led by a rebound in the services output and household spending. Data from the Office for National Statistics showed that the...