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Dollar Rises Despite Fed's Rate Cut Hints
Amidst mixed monetary policy responses, the U.S. Dollar strengthened against the euro, British pound, the Australian Dollar as well as the Japanese Yen.
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531 days ago
Ericsson Announces Headcount Reduction Of Approximately 1,200 In Sweden
LM Ericsson (ERIC) announced Monday proposed staff reductions in Sweden as it expects a challenging mobile networks market in 2024, with further volume contraction.
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531 days ago
U.S. New Home Sales Unexpectedly Dip 0.3% In February
New home sales in the U.S. unexpectedly decreased in the month of February, according to a report released by the Commerce Department on Monday.
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531 days ago
Kraft Heinz To Cut Carbon Emissions By 99% Across 10 U.S. Plants With $170 Mln DOE Investment
The Kraft Heinz Co. (KHC) announced Monday it has been selected for award negotiations to receive up to $170 million from the U.S. Department of Energy's Office of Clean Energy Demonstration to support the implementation of clean energy projects at 10 of the Company's U.S. plants.
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531 days ago
Chicago Fed National Activity Index Unexpectedly Rises To +0.05 In February
The Federal Reserve Bank of Chicago released a report on Monday showing an unexpected increase by its index of U.S. national economic activity.
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531 days ago
Cryo-Cell Plans To Explore Strategic Alternatives And Spin-off Of Celle Subsidiary
Private cord blood bank Cryo-Cell International, Inc. (CCEL) announced Monday that its Board of Directors has authorized the spin-off of its newly formed subsidiary, Celle Corp., to the Cryo-Cell shareholders.
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531 days ago
Clean Harbors Closes $400 Mln Acquisition Of HEPACO
Clean Harbors, Inc. (CLH) announced Monday the completion of its acquisition of HEPACO from Gryphon Investors for $400 million in cash. The acquisition was financed through proceeds from a recently completed $500 million expansion of the Company's Term Loan facility.
Clean Harbors expects the acquisition to generate cost synergies of approximately $20 million after the first full year of operations, which equates to a post-synergy acquisition multiple of 7.1 times.
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531 days ago
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AbbVie To Acquire Landos Biopharma At $20.42/share In Cash
AbbVie Inc. (ABBV) and Landos Biopharma, Inc. (LABP) announced Monday a definitive agreement under which AbbVie will acquire biopharmaceutical company Landos.
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531 days ago
Bay Street Likely To Open Higher On Firm Commodity Prices
Canadian shares may open with a positive bias Monday morning, tracking higher crude oil and gold prices. However, the market is likely to move in a tight band amid a lack of fresh triggers.
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532 days ago
EU Opens Non-compliance Probe Against Alphabet, Apple And Meta Under Digital Markets Act
The European Commission said Monday it has opened non-compliance investigations against Google parent Alphabet, Inc. (GOOG), Apple Corp. (AAPL) and Facebook parent Meta Platforms, Inc. (META) under the Digital Markets Act. The Commission intends to conclude the proceedings opened today within 12 months.
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532 days ago
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Monday.
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532 days ago
Kingfisher FY Results Weak, Warns On New Year Profit
Kingfisher plc reported Monday a weak profit in its fiscal year ended January 31, with slightly lower net sales. For the first-quarter to date, like-for-like sales were lower, and the company warned on lower adjusted profit before tax for the current year. The home improvement retailer also maintained its dividend.
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532 days ago
European Shares Mostly Lower In Cautious Trade
European stocks were broadly lower on Monday ahead of a short week of trading before the long Easter weekend.
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532 days ago
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