Stock News

Citizens Business Bank obtains regulatory approvals for merger with Suncrest Bank

CVB Financial Corp (CVBF), the holding company for Citizens Business Bank, said earlier this week Citizens had obtained regulatory approvals from the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation to finalize its announced merger with Suncrest Bank (SBKK) based in Visalia, California. “We are pleased to have obtained all […] Read more

Spotify shares close lower on Tuesday, a ‘Netflix Hub’ now available on Spotify’s app

Spotify Technology said on Tuesday that a new hub had been launched, where fans will be able to listen to all the official soundtracks, playlists and podcasts associated with Netflix Inc’s shows. The new hub, which can be accessed by both free and premium listeners, will feature playlists from hit shows such as “Money Heist” […] Read more

General Motors shares close lower on Tuesday, auto maker acquires 25% stake in startup Pure Watercraft

General Motors Company (GM) said earlier this week it had acquired a 25% stake in Pure Watercraft, while valuing the electric boat startup company at $600 million. The US auto maker is offering $150 million in a combination of cash and payment-in-kind, which includes access to GM’s components and assistance with manufacturing, in exchange for […] Read more

Astra’s first commercial orbital launch completed with success

Astra Space Inc (ASTR) has successfully completed its first commercial orbital launch for the United States Space Force from its Pacific Spaceport Complex in Kodiak, Alaska, on November 19th, it said. Astra’s launch system successfully demonstrated the orbital placement of a test payload to an inclination of 86.0 degrees at an altitude of 500 km. […] Read more

CleanSpark announces purchase of more Antminer S19 bitcoin mining machines

CleanSpark Inc (CLSK), a sustainable bitcoin mining and energy technology company, said last week that it had purchased additional 2,597 units of the Antminer S19 bitcoin mining machines. Machine delivery is scheduled to be immediate and adds to the 2,711 rigs already bought and scheduled for delivery later in November. At present, the company operates more than […] Read more

Macy’s shares soar over 21% on Thursday, third-quarter profit well above estimates, full-year guidance revised up

Macy’s Inc’s (M) fiscal third-quarter results, reported on Thursday, outstripped Wall Street estimates, while the retailer revised up its full-year sales and earnings forecasts. The company’s net sales surged 36.3% year-on-year to $5.44 billion in the fiscal third quarter, while exceeding a consensus of analyst estimates of $5.2 billion. The group’s adjusted earnings for the […] Read more

CURO Group acquires Heights Finance for $360 million

CURO Group Holdings Corp (CURO), a tech-enabled, omni-channel consumer finance company providing services to non-prime and prime consumers in the United States and Canada, said on Wednesday that it had entered into a definitive agreement to acquire Heights Finance from private equity firm Milestone Partners for a total consideration of $360 million – $335 million […] Read more

ICG reports 28% AUM growth, record fundraising in H1

UK’s Intermediate Capital Group (ICG) reported on Tuesday a 28% increase in third-party assets under management (AUM) to $65.3 billion for the six months ended September 30th, as accelerated vaccine rollouts and relaxation of COVID-19-related restrictions fueled investor sentiment. ICG, which manages assets in private debt, credit and equity, mostly in closed-end funds, also said […] Read more

E-scooter operator TIER acquires bike-sharing firm Nextbike

Berlin-headquartered e-scooter operator TIER Mobility said earlier this week it had acquired bike-sharing firm Nextbike in an attempt to form the largest provider of shared lightweight vehicles in Europe. The deal, whose financial details were not disclosed, will combine rentable bicycles, e-bicycles, e-scooters, e-mopeds and cargo bikes in a single network. According to the two […] Read more

Volvo Car AB plans to establish third factory in Europe, Automobilwoche reports

According to a report by German paper Automobilwoche over the weekend, citing Volvo Car AB’s (VOLCARb) CFO Bjorn Annwall, the auto maker intends to establish a third factory in Europe by the middle of the decade in an attempt to meet its production objective of 1.2 million vehicles per year. At present, Volvo operates two […] Read more