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...
-- Hong Kong-listed Chinese property stocks fell on Wednesday, coming under pressure from renewed concerns over a real estate meltdown after Country Garden (HK:2007) was slapped with a liquidation petition. The embattled developer was the worst performer among its peers, sliding 11% and further into penny stock territory after Ever Credit Ltd filed a liquidation...
TOKYO (Reuters) - Japan\'s Toyota Motor (NYSE:TM) said on Wednesday global vehicle production rose by 7% in January, marking a year-on-year increase for the 13th straight month as the automaker benefited from strong U.S. demand. Output for January increased to 740,332 vehicles, while worldwide sales rose about 11% from a year earlier as growth in...