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Francisco Partner To Buy The Weather Company Assets From IBM For Undisclosed Terms
IBM (IBM) and investment firm Francisco Partner announced Tuesday that the two companies have signed a definitive agreement under which Francisco Partners will acquire The Weather Company assets from IBM. Specific terms of the transaction were not disclosed.
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Mining Stocks Lift FTSE 100
FTSE 100 of the London Stock Exchange gained more than a half a percent in the day's trading amidst a surge in mining stocks driven by a surge in prices of base metals.
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Eli Lilly Says LIBRETTO-531 Study Evaluating Retevmo Meets Primary Endpoint
Eli Lilly and Co. (LLY) announced Tuesday topline results from the LIBRETTO-531 study evaluating Retevmo versus physician's choice of the multikinase inhibitors (MKIs) cabozantinib or vandetanib as an initial treatment for patients with advanced or metastatic rearranged during transfection(RET)-mutant medullary thyroid cancer (MTC).
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Bay Street Seen Opening On Positive Note
Canadian shares look headed for a positive start on Tuesday, tracking firm European stocks and higher bullion prices.
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DICK'S Sporting Slashes FY23 Earnings Outlook As Q2 Results Miss Estimates
While reporting financial results for the second quarter on Tuesday, sporting goods retailer DICK'S Sporting Goods Inc. (DKS) raised its earnings guidance for the full-year 2023 to reflect second quarter results and gross margin expectations for the second half of the year. Consolidated same store sales outlook is reaffirmed.
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European Stocks Rise On Bargain Hunting, Optimism Over Nvidia Results
European stocks are up firmly in positive territory on Tuesday amid expectations of a good earnings update from U.S. technology major Nvidia, and preliminary reports on manufacturing activity in the month of August.
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CAC-40 Rises With Tech Sector Optimism
Optimism ahead of the highly anticipated earnings update by technology company Nvidia boosted stock market sentiment, lifting the CAC-40 more than a percent.
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Indian Rupee Hits 8-day High Against U.S. Dollar
The Indian rupee advanced against the U.S. dollar in evening deals on Tuesday, as the latter fell ahead of Fed Chair Jerome Powell's speech at the Jackson Hole Symposium later this week.
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Coty Guides FY24 Adj. EPS A Tad Below Estimates - Update
While reporting financial results for the fourth quarter on Tuesday, Coty Inc. (COTY) initiated its adjusted earnings guidance for the full-year 2024, a tad below analysts' estimates.
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Sensex, Nifty Fail To Hold Gains, End Flat
After losing ground in the previous two sessions, Indian shares rebounded on Tuesday, but despite a fairly good spell in positive territory, pared its gains past mid afternoon and eventually ended the day's session roughly flat.
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DAX Gains On Tech Sector Sentiment
Positive sentiment for the technology sector ahead of the earnings update by Nvidia pushed the DAX index higher in Tuesday's trade.
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Asian Stocks Gain As Sentiment Improves
Asian markets finished trading on a positive note, rebounding from the levels on Monday. Benchmarks in China and Hong Kong finished with decent gains, helped by the strength of the tech sector.
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SoftBank Chip Unit Arm Files For US IPO
Chip designer Arm, owned by Japan's SoftBank, has filed for an initial public offering in the United States. The proposed IPO on the Nasdaq exchange is expected to be one of the largest listing in recent years. The UK-based company revealed the IPO information in a filing with the U.S. Securities And Exchange Commission, while a prospective share price is yet to be listed.
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