Day: September 30, 2022

Sep 30
Spain’s largest telecom brand dives deep into Web3

Telecom company Telefónica enabled payments with Bitcoin, Ether and other crypto for its online marketplace Tu. 983 Total views 22 Total shares With crypto adoption moving forward in various parts of the world, Spain continues to encounter major developments in its local blockchain space as its largest telecom services provider dives deeper into Web3 technologies.  […]

Sep 30
Honeywell raises dividend, to boost yield above 2.4%

Shares of Honeywell International Inc. HON, +0.32% edged up 0.1% in morning trading Friday, after the aerospace, control technologies for building and performance materials company raised its dividend by 5.1%. The new quarterly dividend of $1.03 a share, up from 98 cents, will be payable Dec. 2 to shareholders of record on Nov. 11. At […]

Sep 30
FDA names first internal cannabis adviser

The U.S. Food and Drug Administration has hired the former director of cannabis programs for New York State Norman Birenbaum as its first senior public health adviser on cannabis research and regulation efforts, according to an internal memo from earlier this week provided to MarketWatch by an FDA spokesperson. “With his expertise in policy analysis […]

Sep 30
Altria ends non-compete agreement with troubled vaping company Juul Labs

Altria Group Inc. MO, -0.72% said Friday it has exercised an option to be released from non-competition obligations relating to its stake in Juul Labs Inc. In a regulatory filing, the tobacco company said the option included the right to terminate should the carrying value of its investment in Juul be not more than 10% […]

Sep 30
DuPont’s $5 bln acquisition of Rogers isn’t going to close on time amid regulatory talks with China

DuPont de Nemours Inc. DD, -0.48% and Rogers Corp. ROG, +0.09% said their pending merger will not close as expected by the end of the third quarter of 2022 pending ongoing talks with Chinese regulators. The parties continue to hold cooperative discussions…with the aim of securing regulatory approval of the planned merger,” DuPont said. DuPont […]

Sep 30
Under Armour, Lululemon stocks fall in wake of Nike’s disappointing earnings report

Shares of Under Armour Inc. UA, -10.92% UAA, -11.80% slumped 2.6% in premarket trading Friday, despite a rally in the broader stock market, as the athletic apparel and gear maker suffered collateral damage from rival Nike Inc.’s NKE, -13.25% a disappointing earnings report. Also getting hit, yoga apparel and gear maker Lululemon Athletica Inc.’s stock […]

Sep 30
Sam Bankman-Fried reportedly intended to join the Twitter deal in March

The FTX owner’s advisor unsuccessfully inquired Elon Musk about joining the acquisition deal. 860 Total views 11 Total shares Not only Elon Musk thought of buying Twitter — crypto billionaire and CEO of FTX exchange Sam Bankman-Fried “was interested” in acquiring the social network back in March 2022, according to a report from Business Insider. […]

Sep 30
Ballard Power stock rallies after $130 million investment in new China HQ, MEA facility

Shares of Ballard Power Systems Inc. BLDP, -1.38% rallied 1.0% in premarket trading Friday, after the fuel cell company announced plans to invest $130 million in a manufacturing facility in China. The company said it has entered into an agreement with the Government of Anting in Shanghai’s Jiading District to establish a new China headquarter, […]

Sep 30
Nike stock tumbles, to cut nearly 60 points off the Dow’s price

Shares of Nike Inc. NKE, -3.41% sank 9.3% in premarket trading Friday, putting them on track to open at the lowest price seen in more than two years, after the athletic apparel and accessories giant warned that it will have to cut prices to clear excess inventory, hurting profit margins. The stock was the only […]

Sep 30
Coronavirus tally: Taiwan is latest country to end COVID quarantine for people arriving from overseas starting Oct. 13

Taiwan is the latest country to end mandatory COVID quarantines for people arriving from overseas beginning Oct. 13, the Associated Press reported. Officials said that the previous weeklong requirement will be replaced with a seven-day self-monitoring period. A rapid antigen test will still be required upon arrival, but those showing no symptoms will be allowed […]