February 11, 2025 8:06 am
Merck & Company Inc (NYSE: MRK) has been downgraded to “Hold” from “Buy” at TD Cowen, as the firm cited uncertainty surrounding Gardasil sales, a slowdown in business development and the potential loss of exclusivity for cancer drug Keytruda. TD Cowen noted that Merck’s valuation would likely bottom out in 2026, or two years prior […]
Read moreFebruary 10, 2025 12:16 pm
PotlatchDeltic Corp (NASDAQ: PCH) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $0.45 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on March 31st to shareholders of record as of the close of business on […]
Read moreFebruary 10, 2025 9:23 am
Capital One Financial Corp (NYSE: COF) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $0.60 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The dividend will be paid on March 3rd to shareholders of record as of the close of […]
Read moreFebruary 10, 2025 7:45 am
According to a report by Reuters, JPMorgan Chase & Co has appointed Matt Sable and Melissa Smith as co-heads of commercial banking unit. The announcement came after a broader leadership reshuffle in January, where Jennifer Piepszak was appointed as Chief Operating Officer. Sable and Smith will head a commercial banking business, which offers services to […]
Read moreFebruary 9, 2025 11:54 am
The shares of Uber Technologies Inc (NYSE: UBER) surged more than 6% on Friday, after billionaire hedge fund manager Bill Ackman disclosed a stake worth nearly $2.3 billion in the company. Ackman said on social media platform X that he began to acquire a stake in Uber in early January and now owns 30.3 million […]
Read moreFebruary 8, 2025 3:20 pm
Ameren Corp (NYSE: AEE) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $0.71 per share of common stock. The latter represents an increase of 5.97% compared to the previous quarterly dividend of $0.67 per share. The dividend will be paid on March 31st to shareholders of record as […]
Read moreFebruary 8, 2025 12:53 pm
SolarWinds Corporation (NYSE: SWI) said on Friday that it had entered into a definitive agreement to be bought by Turn/River Capital in an all-cash deal valued at $4.4 billion (or $18.50 per share). ”We have built a great track record of helping customers accelerate business transformations through simple, powerful, secure solutions designed for hybrid and […]
Read moreFebruary 8, 2025 8:59 am
Enlightify Inc (NYSE: ENFY) said on Friday that it had entered into a strategic cooperation agreement with Huadian Gaintime Investment Fund Management Co Ltd to jointly develop and invest in global renewable energy projects (with focus on solar, wind and hydropower initiatives). Under the agreement, the two entities will establish the “Overseas Ready-to-Build Development Fund,” […]
Read moreFebruary 7, 2025 8:15 am
The USD/INR currency pair edged lower on Friday, pulling back from a fresh record high, after the Reserve Bank of India (RBI) lowered interest rates for the first time since May 2020. The RBI reduced its benchmark repo rate by 25 basis points to 6.25% at its February meeting, as largely expected. This way, borrowing […]
Read moreFebruary 6, 2025 1:34 pm
BBB Foods Inc (NYSE: TBBB) said on Wednesday that it had priced an underwritten public offering of 21,000,000 Class A common shares at a public offering price of $28.25 per share. The offering is to close on or about February 7th, BBB Foods said. The underwriters have been granted the option to buy up to […]
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