ARCHBOLD, Ohio - Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO), the holding company for F&M Bank, has promoted Kevin Becker to the role of Senior Vice President and Chief Credit Officer, effective immediately. Lars Eller, President and CEO of the company, announced the internal elevation of Becker, who has been with F&M Bank since 2015, highlighting...
Indian shares ended slightly lower on Tuesday after hitting new record highs for three consecutive sessions. A cautious undertone prevailed as investor focus shifted to the upcoming ECB rate decision and Federal Reserve Chair Jerome Powell\'s congressional testimony. Also, there was some disappointment from the lack of fresh supportive measures in top consumer China. The...
BRENTWOOD, Tenn. - CoreCivic, Inc. (NYSE:CXW), a diversified government solutions company, announced the successful upsize and pricing of its senior notes offering. Initially set at $450 million, the offering has been increased to $500 million in aggregate principal amount of 8.25% senior notes due 2029. The proceeds from the sale, expected to net approximately $490.3...
Novo Nordisk A/S (NVO) announced Tuesday the headline results from the kidney outcomes trial FLOW. The announcement follows the decision to stop the trial early due to efficacy. The double-blind trial compared injectable semaglutide 1.0 mg with placebo as an adjunct to standard of care for prevention of progression of kidney impairment and risk of...
By Jonathan Stempel (Reuters) -A federal appeals court on Tuesday refused to hold five major technology companies liable over their alleged support for the use of child labor in cobalt mining operations in the Democratic Republic of the Congo. In a 3-0 decision, the U.S. Court of Appeals for the District of Columbia ruled in...
German pharmaceutical and biotechnology major Bayer AG reported Tuesday a surge in its fourth-quarter net profit benefited by weak expenses. Meanwhile, sales were hurt by lower Pharmaceuticals sales, despite growth in Crop Science and consumer Health segments. Further, the company trimmed its dividend, and said it sees lower adjusted earnings and nearly flat sales in...
(Reuters) -Alphabet\'s Waymo said on Tuesday it will begin driverless passenger services for its employees in Austin, Texas starting Wednesday. Waymo is pulling ahead with its expansion plans at a time when its key rival Cruise, owned by General Motors (NYSE:GM), has suspended U.S. operations in the wake of a pedestrian-dragging accident. The company said...
While reporting financial results for the fourth quarter on Tuesday, discount retailer Target Corp. (TGT) maintained provided earnings, adjusted earnings and comparable sales guidance for the first quarter and the full-year 2024. For the first quarter, the company expects earnings and adjusted earnings in the range of $1.70 to $2.10 per share on a comparable...
(Reuters) - Ross Stores (NASDAQ:ROST) forecast annual profit and same-store sales below Wall Street estimates on Tuesday as budget-conscious consumers cut back on discretionary spending amid sticky inflation. Lower-income customers, whose household budgets have shrunk due to higher pricing pressures, have been compelled to hit a pause on even cheaper non-essential items and limit purchases...
The U.S. dollar depreciated against its major counterparts in the New York session on Tuesday, as weaker-than-expected ISM services PMI for February increased chances of a rate cut in June. The ISM said its services PMI fell to 52.6 in February after climbing to 53.4 in January. While a reading above 50 still indicates growth,...