-- Shares of Samsonite International SA (OTC:SMSEY) (HK:1910) rose sharply on Tuesday after a Bloomberg report said the Hong Kong-listed luggage maker is considering its options after receiving takeover interest from several suitors. Samsonite is considering several options, including potentially going private, Bloomberg reported, with the luggage maker having already held discussions with several suitors,...
By Gilles Guillaume and Nick Carey GENEVA (Reuters) -Renault and China-owned MG launched new electrified cars in Europe at the Geneva car show on Monday as Chinese automakers seek to take more market share from legacy European rivals. Europe\'s auto industry is scrambling to cut costs and roll out more affordable, well-reviewed electric vehicles (EVs)...
By David Shepardson and Chris Sanders WASHINGTON (Reuters) -The U.S. Federal Trade Commission and eight states said on Monday they are suing to block supermarket chain Kroger (NYSE:KR)\'s $24.6 billion deal to buy smaller rival Albertsons (NYSE:ACI), saying it would boost grocery prices for millions of Americans. The deal, which would create a grocery empire...
-- Japan’s Nikkei 225 index opened above its record closing high on Thursday, and remained within sight of new intraday peaks as hype over artificial intelligence drove strong gains in the technology sector. The Nikkei 225 opened up 1.8% at 38,920 points- crossing its 1989 record closing high of 38,915 points, and coming within spitting...
JERSEY CITY, N.J. - Veris Residential, Inc. (NYSE: VRE), a multifamily real estate investment trust (REIT), has announced its financial results for the fourth quarter and full year of 2023. The company witnessed a 20% increase in Core Funds From Operations (FFO) per diluted share, reaching $0.53 compared to the previous year. This growth was...
Funeral services company Carriage Services (NYSE:CSV) reported Q4 FY2023 results topping analysts\' expectations, with revenue up 5.2% year on year to $98.8 million. The company expects the full year\'s revenue to be around $385 million, in line with analysts\' estimates. It made a GAAP profit of $0.75 per share, improving from its profit of $0.53...
By David Shepardson WASHINGTON (Reuters) -Boeing said on Wednesday it was replacing the head of its troubled 737 MAX program effective immediately, the first major executive departure since the Jan. 5 mid-air panel blowout of a new Alaska Airlines MAX 9. Ed Clark, who had been with the planemaker for nearly 18 years, departed as...
By Sam Nussey, Fanny Potkin and Miho Uranaka TOKYO (Reuters) - Japan\'s efforts to rebuild its semiconductor industry are getting a shot in the arm as more and more Taiwanese chip companies expand here - not only to support a new TSMC plant but also excited about the Japanese sector\'s prospects. The influx comes amid...
CHICAGO - Ryerson Holding Corporation (NYSE: RYI), an industrial metals processor and distributor, announced its fourth-quarter and full-year financial results for the period ending December 31, 2023. The company reported a fourth-quarter net income of $26 million with an Adjusted EBITDA, excluding LIFO, of the same amount. Despite a decrease in quarterly revenue to $1.1...
ALPHARETTA, Ga. - Avanos Medical, Inc. (NYSE: NYSE:AVNS), a medical technology company, has issued a voluntary recall for specific lots of its MIC Gastric Jejunal Feeding Tube Kits, as announced on February 21, 2024. This recall is a direct consequence of a similar action taken by Nurse Assist, LLC regarding their pre-filled syringes and sterile...