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News
Barington Capital takes Bath & Body Works stake, pushes for sale, Bloomberg reports
2+ day, 14+ hour ago (137+ words) Sept 10 (Reuters) – Activist investment firm Barington Capital Group has taken a new stake in Bath & Body Works and is pushing the company to explore a sale, Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of the…...
Texas Stock Exchange captures first primary equity market listings from NYSE
2+ day, 13+ hour ago (544+ words) PROVIDENCE, Rhode Island, Sept 10 (Reuters) – The fledgling Texas Stock Exchange on Thursday scored another victory against established New York trading venues, convincing three related energy partnerships to shift their primary listing from the New York Stock Exchange to Dallas. In…...
Adobe beats third-quarter revenue estimates
2+ day, 15+ hour ago (80+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! Adobe beats third-quarter revenue estimates Sept 10 (Reuters) – Adobe beat Wall Street estimates for third-quarter revenue on Thursday, as demand for its AI-integrated products and tools continued to grow. The…...
Finland risks strained power supply after Google AI deal, opposition warns
2+ day, 20+ hour ago (360+ words) HELSINKI, Sept 10 (Reuters) – Finland should introduce a national permitting system for data centres to prevent the risk of power shortages and soaring energy prices, opposition parties said on Thursday following Google’s announcement of a large new investment in the country....
S&P 500, Nasdaq futures extend losses slightly after August PPI data
2+ day, 22+ hour ago (140+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! S&P 500, Nasdaq futures extend losses slightly after August PPI data Sept 10 (Reuters) – The S&P 500 and Nasdaq futures extended losses slightly on Thursday after producer prices data for…...
ECB raises interest rates to fight off inflation jump
2+ day, 22+ hour ago (417+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. Surging…...
S&P 500, Dow futures attempt recovery ahead of inflation report
3+ day, 1+ hour ago (511+ words) Sept 10 (Reuters) – Futures tracking the Dow and the S&P 500 indexes attempted a recovery after a three-day slide, as investors cautiously returned to equities ahead of inflation data later on Thursday. The festering conflict in the Middle East has pushed…...
American Eagle shares slide as flat margin outlook, weak core brand weigh
3+ day, 2+ hour ago (266+ words) Sept 10 (Reuters) – American Eagle Outfitters’ shares slumped over 11% in premarket trading on Thursday, following a flat quarterly gross-margin forecast as persistent softness at the company’s core brands outweighed a second-quarter revenue beat. Demand across the apparel sector has been uneven as…...
German August inflation confirmed at 2.9%
3+ day, 5+ hour ago (71+ words) 93.3 The Drive - Win Lunch for Your Workplace from Hickory River Smokehouse! German August inflation confirmed at 2.9% BERLIN, Sept 10 (Reuters) – German inflation accelerated to 2.9% in August, the federal statistics office said on Thursday, confirming preliminary data. Germany’s consumer prices, harmonised to…...
Analysis-GE Aerospace bets on ‘black art’ of casting to secure jet engine supply
3+ day, 14+ hour ago (617+ words) PARIS/CHICAGO, Sept 9 (Reuters) – GE Aerospace has acted to contain shortages of precision jet engine parts while securing valuable technology by breaking into the inner circle of castings manufacturers with a $12 billion purchase of Consolidated Precision Products. Buying CPP, the…...