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U.S. Weekly Jobless Claims Inch Up To 218,000
A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended November 25th. The Labor Department said initial jobless claims inched up to 218,000, an increase of 7,000 from the previous week's revised level of 211,000.
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vor 613 Tagen
Kroger Boosts FY23 Adj. EPS Outlook - Update
While reporting financial results for the third quarter on Thursday, supermarket chain Kroger Co. (KR) raised its adjusted earnings guidance for the full-year 2023, while trimming total identical sales growth outlook.
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vor 613 Tagen
AbbVie To Acquire ImmunoGen For $31.26/shre In All-cash Deal Of About $10.1 Bln
AbbVie Inc. (ABBV) and ImmunoGen, Inc. (IMGN) announced Thursday AbbVie will acquire ImmunoGen, and its flagship cancer therapy ELAHERE (mirvetuximab soravtansine-gynx), a first-in-class antibody-drug conjugate (ADC) approved for platinum-resistant ovarian cancer (PROC).
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vor 613 Tagen
FTSE 100 Rebounds Amidst Positive Global Sentiment
A global positive sentiment triggered by easing inflation across regions and hopes of rate cuts helped FTSE 100 rebound after a losing streak.
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vor 613 Tagen
Bay Street Looks Headed For Positive Start
Higher U.S. and Canadian futures, firm crude oil prices, and positive European markets are pointing to a higher start for Canadian shares on Thursday. The focus is on Canadian GDP data and U.S. Personal Income & Expenditure report.
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vor 613 Tagen
Charlie Munger: Berkshire Hathaway Legend's Eventful Life
Berkshire Hathaway veteran Charlie Munger has left the ground at 99 after leading a successful investing life along with his long-time business partner and investment mogul Warren Buffett. Berkshire's Vice Chairman was Buffett's right-hand man for a long time spanning over five decades at the helm of the multinational conglomerate Berkshire.
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vor 613 Tagen
GEO Group Promotes CFO Brian Evans To Succeed Jose Gordo As CEO
The GEO Group, Inc. (GEO) announced Thursday that Chief Executive Officer Jose Gordo will be departing as Chief Executive Officer and as a Board member on mutually agreeable terms and transitioning to the role of an advisor, effective December 31, 2023.
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vor 613 Tagen
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French Economy Shrinks In Q3; Inflation Softens
France's economy contracted in the third quarter on weak global demand and inflation slowed to the lowest since early 2022 as economic activity remained subdued adding to hopes that the European Central Bank would start policy easing earlier than markets currently anticipate. Gross domestic product fell by a revised 0.1 percent on a quarterly basis, after expanding 0.6 percent.
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vor 613 Tagen
Build-A-Bear Workshop Trims FY23 Revenue Growth Outlook - Update
While reporting financial results for the third quarter on Thursday, brick-and-mortar retailer Build-A-Bear Workshop, Inc. (BBW) trims revenue growth guidance for the full-year 2023.
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vor 613 Tagen
European Stocks Are Up In Positive Territory On Soft Eurozone Inflation Data
After a slightly positive start and a subsequent fall to lower levels, European stocks are moving higher on Thursday, with investors cheering the data showing bigger than expected drop in Eurozone inflation rate for the month of November.
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vor 613 Tagen
AES To Sell Its 51% Stake In Mong Duong 2 Coal-fired Plant In Vietnam To Se.ven Global Investments
Energy company AES Corp. (AES) announced Thursday it has reached an agreement with Se.ven Global Investments to sell its 51% equity stake in the Mong Duong 2 coal-fired plant in Vietnam.
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vor 613 Tagen
BP To Acquire Remaining 50.03% Interest In Lightsource Bp
BP plc (BP, BP.L) on Thursday agreed to acquire the remaining 50.03% interest it does not already own in Lightsource bp, one of the world's leading developers and operator of utility-scale solar and battery storage assets.
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vor 613 Tagen
CAC-40 Extends Gains Amidst Inflation Relief
The CAC-40 benchmark extended gains in Thursday's trading amidst data that showed easing inflation in France as well as the wider Euro Area.
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vor 613 Tagen
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