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Eurozone Private Sector Shrinks Most In Nearly 3 Years
The euro area private sector economy contracted the most in nearly three years in August with broad based deterioration across the manufacturing and services sectors, results of the purchasing managers' survey showed. The HCOB composite output index fell to 46.7 in August from 48.6 in July, final data compiled by S&P Global revealed Tuesday. The initial score was 47.0 for August.
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Bay Street Likely To Open Weak
The Canadian market is likely to open on a negative note on Tuesday, tracking weak crude oil and bullion prices, and on concerns about growth following weak economic data from China.
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Nexstar Media And Fox Renew Multi-Year Agreement
Nexstar Media Group, Inc. (NXST), and Fox Corp. (FOXA, FOX) announced Tuesday that they have reached a comprehensive multi-year agreement renewing the FOX affiliations of 29 Nexstar-owned stations across the U.S., including those in six of the country's top twenty markets.
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Invivyd Appoints William Duke As New CFO
Biopharmaceutical company Invivyd, Inc. (IVVD) announced Tuesday the appointment of William Duke as Chief Financial Officer. Duke will lead Invivyd's financial strategy to support the company's continued growth.
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22nd Century Group Initiates Process To Evaluate Strategic Alternatives For Its Tobacco Portfolio
Agricultural biotechnology company 22nd Century Group, Inc. (XXII) announced Tuesday that its Board of Directors, after consultation with its financial and legal advisors, has initiated a process to evaluate strategic alternatives with respect to the Company's tobacco assets.
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Insmed Reports Positive Topline Results From Phase 3 ARISE Study Of ARIKAYCE
Biopharmaceutical company Insmed Inc. (INSM) announced Tuesday positive topline results from its Phase 3 ARISE study of ARIKAYCE in patients with newly diagnosed or recurrent nontuberculous mycobacterial (NTM) lung infection caused by Mycobacterium avium complex (MAC) who had not started antibiotics.
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Daqo New Energy Repurchased $301.7 Mln Under Its $700 Mln Share Repurchase Program
Daqo New Energy Corp. (DQ), a manufacturer of high-purity polysilicon for the global solar PV industry, on Tuesday provided an update on its $700 million share repurchase program that was announced on November 7, 2022.
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Timken Acquires Des-Case For Undisclosed Terms
The Timken Co. (TKR) announced Tuesday it has acquired Nashville, Tennessee-based Des-Case Corp., a manufacturer of specialty filtration products for industrial lubricants. Terms of the deal were not disclosed.
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Sensex, Nifty End Higher For Third Day
Indian shares rose modestly on Tuesday to extend gains for a third straight session despite weak cues from Asia and Europe.
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Cigna Unveils Global Health Benefits Plan For Adults Aged 60+
Cigna Group's Cigna Healthcare announced the launch of a new, customized global health benefits plan for people aged 60 and older citing growing consumer demand for international health coverage. The plan has no age limit, ensuring people are covered for as long as needed. The new plan includes full cancer coverage and benefits to support health and well-being across all areas of life; as well as
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Indian Rupee Drops To Near 2-week Low Against U.S. Dollar
The Indian rupee depreciated against the U.S. dollar in evening deals on Tuesday.
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Pound Slides Against Majors
The pound dropped against its major counterparts in the European session on Tuesday.
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European Shares Decline On Growth Concerns
European stocks traded at one-week low on Tuesday as weak data from China and the euro area fueled concerns about slowing global growth.
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