Owens Corning Receives U.S. Antitrust Approval For Masonite Acquisition
(RTTNews) - Owens Corning (OC) announced Monday the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in connection with the company's previously announced acquisition of Masonite International Corp. (DOOR). The expiration of the waiting period occurred at 11:59 p.m. on April 26, 2024.
The expiration of the HSR Act waiting period satisfies a closing condition for the transaction. Masonite previously announced that its shareholders voted to approve the company's acquisition by Owens Corning at its Special Meeting of Shareholders.
The transaction is anticipated to close in May 2024, subject to satisfaction of the remaining customary closing conditions.
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Canadian Stocks Up In Positive Territory As Investors Cheer Tame U.S. CPI Data
Canadian stocks are up in positive territory around noon on Wednesday amid renewed optimism about the outlook for Federal Reserve's interest rates after data showed U.S. consumer price inflation came in unchanged in May, as against expectations of a 0.1% rise.
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hace 4h 44min
U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels
Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ended June 7th, according to a report released by the Energy Information Administration on Wednesday.
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hace 6h 0min
Sphere Entertainment Promotes Jennifer Koester To President And COO
Live entertainment and media company Sphere Entertainment Co. (SPHR) announced Wednesday that Jennifer Koester's role at the Company has been expanded to President and Chief Operating Officer of Sphere. Koester most recently served as the Company's President, Sphere Business Operations.
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hace 6h 26min
EU To Impose Countervailing Duties Of Up To 38.1% On Chinese BEVs
The European Commission is set to impose countervailing duties of up to 38.1 percent on imports of battery electric vehicles (BEVs) from China. The Commission has provisionally concluded that the BEV value chain in China benefits from unfair subsidization as part of its ongoing investigation.
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hace 6h 44min
Elon Musk Drops Lawsuit Against OpenAI, Sam Altman
Elon Musk, the founder and CEO of Tesla and SpaceX, moved to dismiss his lawsuit against artificial intelligence or AI startup OpenAI and its CEO Sam Altman. According to a filing in San Francisco Superior Court, Musk's attorneys asked the California state court to dismiss the lawsuit against the ChatGPT maker without citing a reason.
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hace 7h 2min
U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3%
With a steep drop in gasoline prices partly offsetting a continued increase in shelter prices, the Labor Department released a report on Wednesday showing U.S. consumer prices were unexpectedly flat in the month of May. The Labor Department said its consumer price index came in unchanged in May after rising by 0.3 percent in April. Economists had expected consumer prices to inch up by 0.1 percent.
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hace 7h 15min
Thailand Leaves Policy Rate Steady At 2.50%
Thailand's central bank decided to keep the interest rate unchanged for the fourth straight meeting on Wednesday as the inflation rate returned to the target range, despite the rising pressure from the government to cut rates to support economic growth.
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hace 7h 20min
U.S. Mortgage Applications Show Substantial Rebound
After reporting two consecutive weekly decreases in U.S. mortgage applications, the Mortgage Bankers Association released a report on Wednesday showing a substantial rebound in mortgage applications in the week ended June 7th.
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hace 7h 33min
