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3M To Freeze U.S. Pension Plans For Non-union U.S. Employees By End Of 2028
3M (MMM) announced Monday that it will freeze its U.S. pension plans for non-union U.S. employees, effective Dec. 31, 2028. These employees will continue to accrue benefits under the pension plans until the freeze date.
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Bay Street Likely To Open On Weak Note
Canadian shares are likely to open on a negative note on Monday, weighed down by falling crude oil and bullion prices. Concerns about tensions in the Middle East and caution ahead of U.S. inflation data are also likely to pull down stock prices.
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MarineMax To Acquire Williams Tenders USA For Undisclosed Terms
MarineMax, Inc. (HZO), a recreational boat, yacht and superyacht services company, announced Monday that it has entered into a definitive agreement to acquire Williams Tenders USA, Inc. The terms of the deal were not disclosed.
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Pound Rebounds Against Majors
The pound recovered against its major counterparts in the European session on Monday.
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Scholastic Appoints Haji Glover To Succeed Ken Cleary As CFO
Scholastic Corp. (SCHL), a publishing, education and media company, announced Monday that Haji Glover has been named Scholastic's Executive Vice President & Chief Financial Officer, effective January 22, 2024.
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Zevra Therapeutics Says FDA Accepts Resubmission Of Arimoclomol NDA In Niemann-Pick Disease Type C
Rare disease therapeutics company Zevra Therapeutics, Inc. (ZVRA) announced Monday that the U.S. Food and Drug Administration (FDA) has acknowledged receipt of the resubmission of the New Drug Application (NDA) for arimoclomol as an orally-delivered, first-in-class treatment for Niemann-Pick disease type C.
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Eurozone Economic Sentiment Improves In December
Euro area economic confidence strengthened notably in December amid a widespread improvement across sectors, monthly survey results from the European Commission showed Monday. The economic sentiment index rose to 96.4 in December from 94.0 in November. A similar higher score was last posted in May 2023.
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Citi Trends Holiday Period Comparable Store Sales Down 0.3%; Reaffirms FY23 Sales Outlook
Specialty value retailer Citi Trends, Inc. (CTRN) announced Monday that total sales for the quarter-to-date holiday period edged down to $179.5 million from $181.9 million in the same period last year. Comparable store sales for the period were down 0.3%.
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Compugen To Receive $10 Mln Payment After Dosing First Patient In AstraZeneca's ARTEMIDE-Bil01 Trial
Cancer immunotherapy company Compugen Ltd. (CGEN) announced Monday that Compugen is entitled to receive a $10 million milestone payment from British drug major AstraZeneca (AZN), after the first patient was dosed in AstraZeneca's ARTEMIDE-Bil01 trial with rilvegostomig.
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Boston Scientific To Acquire Axonics For $71/shr In All-cash Deal Valued At About $3.7 Bln
Medical technology company Boston Scientific Corp. (BSX) announced Monday it has entered into a definitive agreement to acquire peer Axonics, Inc. (AXNX) for $71 per share in an all-cash deal valued at approximately $3.7 billion.
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US Foods Reaffirms FY23 Outlook
Ahead of the meeting with analysts and investors at the ICR Conference later on Monday, foodservice distributor US Foods Holding Corp. (USFD) reaffirmed its adjusted earnings and adjusted EBITDA guidance for the full-year 2023.
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Lululemon Athletica Boosts Q4 Outlook
Ahead of the meeting with analysts and investors at the ICR Conference later on Monday, athletic apparel company lululemon athletica inc. (LULU) raised its earnings and revenue guidance for the fourth quarter.
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Sensex, Nifty Follow Global Peers Lower
Indian shares fell sharply on Monday as fears of a widening regional conflict in the Middle East coupled with fading expectations of an early rate cut in the U.S. stoked risk aversion and spurred safe-haven demand for the dollar.
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