Indian shares eked out modest gains on Monday to close at record highs, with oil & gas stocks and PSU banks outperforming. Investors shrugged off data that showed India\'s wholesale price inflation accelerated further in June to the highest level in nearly one-and-a-half years amid increases in prices in a wide range of categories. According...
Biotechnology company Beam Therapeutics Inc. (BEAM) announced Monday that its chief financial officer, Terry-Ann Burrell, will be leaving the company effective August 9, 2024 to pursue a new opportunity as vice chairman of investment banking at JPMorgan Chase. She served as CFO since August 2019. As part of a transition process, the company has initiated...
Global water technology company A. O. Smith Corp. (AOS) announced Monday that it has signed an agreement to acquire Pureit from Unilever plc (UL) for a purchase price of approximately $120 million in cash, subject to customary adjustments. Pureit offers a broad range of residential water purification solutions and has annual sales of approximately $60...
Pharma major Lupin Ltd. announced Monday that it has divested its U.S. Commercial Women\'s Health Specialty Business to Evofem Biosciences, Inc. (EVFM), a U.S. biopharmaceutical company focused exclusively on Women\'s Health. Lupin\'s U.S. Commercial Women\'s Health Specialty Business is primarily focused on commercializing SOLOSEC (secnidazole) 2g oral granules. This FDA-approved single-dose antimicrobial agent provides a...
Goldman Sachs Group Inc. (GS) reported Tuesday that net earnings applicable to common shareholders for the second quarter surged to $2.89 billion or $8.62 per share from $1.07 billion or $3.08 per share in the prior-year quarter. On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $7.64 per share...
The Japanese yen strengthened against other major currencies in the Asian session on Friday, as the traders suspect the Bank of Japan (BoJ) may have intervened in the currency markets to prop up the currency. The safe-haven yen rose against the U.S. dollar after soft U.S. inflation data in the month of June raised prospects...
Marathon Oil Co., which is in deal to be bought by ConocoPhillips in $22.5 billion all-stock deal, has agreed to a settlement with the U.S. Government regulators and to pay $241.5 million in penalties over climate- and health-harming emissions in North Dakota. The settlement with the U.S. Environmental Protection Agency or EPA and Department of...
Fastenal Co. (FAST) announced Friday it has appointed Jeff Watts to the position of President, effective August 1, 2024. In addition to serving as President, Watts will continue in his role as the Company\'s Chief Sales Officer (CSO), a position he has held since May 2023. Watts will succeed Dan Florness, who will be voluntarily...
Lifecore Biomedical, Inc. (LFCR) announced Friday that on Monday it determined to implement a strategic reduction of the Company\'s workforce to terminate 46 full-time employees of the Company, representing approximately 9% of the Company\'s workforce, as part of an initiative to strategically optimize the Company\'s cost structure. In connection with the workforce reduction plan, the...
Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of July, according to preliminary data released by the University of Michigan on Friday. The report said the consumer sentiment index fell to 66.0 in July from 68.2 in June. Economists had expected the index to inch up to 68.5. With the unexpected decrease,...