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Treace Medical stock downgraded to “Neutral” at UBS

May 17, 2024 10:02 am
Treace Medical Concepts Inc’s (NASDAQ: TMCI) shares retreated more than 5% on Thursday, after UBS cut its investment rating on the stock to “Neutral”. UBS cited limited visibility into Treace Medical’s ability to preserve a market share due to intensifying competition for its bunion product Lapiplasty. The investment bank also revised down its 12-month price […] Read more

3M stock upgraded to “Buy” at Vertical Research

May 17, 2024 8:09 am
3M Company’s (NYSE: MMM) shares surged more than 3% on Thursday, after Vertical Research Partners raised its investment rating on the stock to “Buy” from “Hold” previously. Vertical Research Partners also bolstered its 12-month price target on 3M to $140 per share from $92 per share. “There are still many uncertainties in the 3M outlook, […] Read more

AIG to sell 20% of Corebridge stake to Nippon Life

May 16, 2024 11:51 am
American International Group Inc (NYSE: AIG) said on Thursday that it had agreed to sell nearly 120 million shares of its Corebridge common stock to Nippon Life Insurance Company for a total consideration of $3.8 billion. The above mentioned shares comprise 20% of the outstanding shares of Corebridge. AIG also said that it had agreed […] Read more

Amazon to invest 7.8 billion euros in German data centers

May 15, 2024 1:04 pm
Amazon Web Services (AWS) announced on Wednesday plans to invest as much as EUR 7.8 billion in Germany through 2040 in relation with a cloud computing infrastructure being established specifically for Europe. According to a report by Reuters, AWS intends to launch several data centers in the state of Brandenburg by the end of next […] Read more

Loews announces $0.0625 quarterly dividend

May 15, 2024 9:44 am
Loews Corporation (NYSE: L) said on Tuesday that its Board of Directors had authorized a quarterly dividend of $0.0625 per share of common stock. The dividend will be paid on June 11th to shareholders of record as of the close of business on May 29th 2024, the company said. The dividend was kept unchanged from […] Read more

Arthur J. Gallagher announces acquisition of Acumen Advisors

May 15, 2024 8:26 am
Arthur J. Gallagher & Co, a global insurance brokerage, risk management and consulting services firm, said on Monday that it had acquired Cedar Rapids, Iowa-based Acumen Advisors Inc. However, the company did not disclose any financial details of the agreement. Acumen is an employee benefits consultant, which serves small and medium-sized businesses throughout Iowa. “Acumen […] Read more

Mitek Systems announces share repurchase program

May 13, 2024 12:17 pm
Mitek Systems Inc (NASDAQ: MITK), a leader in digital identity and digital fraud prevention, said on Monday that its Board of Directors had authorized a two-year share buyback program valued at up to $50 million. “The share repurchase program reflects our confidence in our strategy for long-term profitable growth and our belief that we can […] Read more

Honda forecasts 3% surge in full-year profit

May 10, 2024 9:44 am
Honda Motor Co Ltd (TSE: 7267) on Friday forecast a 3% surge in operating profit for its current fiscal year. Honda said it expected an increase in full-year operating profit to JPY 1.42 trillion. The latter compares with a median estimate of JPY 1.39 trillion in a LSEG poll of 22 analysts. In the three […] Read more

TXO Partners announces quarterly distribution of $0.65

May 9, 2024 10:34 am
TXO Energy Partners (NYSE: TXO) said this week its Board of Directors had authorized a quarterly cash dividend of $0.65 per share of common stock. The dividend will be paid on May 29th to shareholders of record as of the close of business on May 20th 2024, the company said. “Our first quarter performance highlights […] Read more

IDEX Corp announces quarterly cash dividend of $0.69

May 9, 2024 8:00 am
IDEX Corp (NYSE: IEX) said this week its Board of Directors had authorized a regular quarterly cash dividend of $0.69 per share of common stock. The dividend will be paid on May 31st to shareholders of record as of the close of business on May 17th 2024, the company said. This marked IDEX Corp’s 118th […] Read more