Southern States Bancshares, Inc. (SSBK) reported Monday that net income for the second quarter decreased to $8.20 million or $0.90 per share from $8.76 million or $1.00 per share in the prior-year quarter. Core net income for the quarter was $9.06 million or $0.90 per share, compared to $7.06 million or $0.98 per share in...
Malibu Boats, Inc. (MBUU) announced Monday the appointment of Steven Menneto as its new Chief Executive Officer (CEO), effective August 5, 2024. Menneto will also join the Board of Directors, which will increase from nine to ten members. In connection with Menneto\'s appointment, the Office of the CEO, consisting of Ritchie Anderson, the Company\'s President,...
Pratt & Whitney, an RTX (RTX) business, announced Monday that aircraft lessor SMBC Aviation Capital has exercised options for 22 firm orders. This is supplemental to a 2021 order for 20 additional firm aircraft, bringing the lessor\'s additional commitment to 42 firm A320neo family aircraft equipped with GTF engines. SMBC Aviation Capital announced its initial...
Homebuilder PulteGroup, Inc. (PHM) announced Monday that Bob O\'Shaughnessy, Executive Vice President and Chief Financial Officer, has notified the Company that he intends to retire at the end of 2025. As part of its long-term succession planning process, PulteGroup has named Jim Ossowski, currently PulteGroup\'s Senior Vice President, Finance, as successor. O\'Shaughnessy, who joined the...
The Singapore stock market has moved lower in two of three trading days since the end of the five-day winning streak in which it had jumped more than 90 points or 2.8 percent. The Straits Times Index now rests just above the 3,470-point plateau and it may take further damage on Friday. The global forecast...
The Taiwan stock market has finished lower in two straight sessions, plunging more than 600 points or 2.6 percent along the way. The Taiwan Stock Exchange now sits just beneath the 23,400-point plateau and it\'s expected to open under pressure again on Friday. The global forecast for the Asian markets is weak, with continued selling...
The China stock market moved higher again on Thursday, one day after snapping the four-day winning streak in which it had advanced more than 35 points or 1.2 percent. The Shanghai Composite Index now sits just above the 2,975-point plateau although it figures to head south again on Friday. The global forecast for the Asian...
The Hong Kong stock market has moved higher in consecutive trading days, advancing more than 50 points or 0.3 percent along the way. The Hang Seng Index now rests just beneath the 17,780-point plateau although it\'s likely to turn lower again on Friday. The global forecast for the Asian markets is weak, with continued selling...
The Indonesia stock market on Thursday ended the three-day losing streak in which it had stumbled more than 100 points or 1.4 percent. The Jakarta Composite Index now sits just above the 7,320-point plateau although it figures to head south again on Friday. The global forecast for the Asian markets is weak, with continued selling...
Asian stocks fell on Friday as U.S.-China tensions persisted and China\'s ruling Communist Party ended a top-level meeting without offering details to address economic difficulties. Tech stocks extended losses despite TSMC\'s earnings beat. The U.S. dollar rebounded from four-month lows while gold fell more than 1 percent toward $2,400 per ounce but was on track...