Day: October 7, 2022
Shares of Conagra Brands Inc. CAG, -3.67% rallied 3.1% in premarket trading Thursday, after the foods company, which brands include Birds Eye, Health Choice, Slim Jim and Reddi-wip, reported fiscal first-quarter adjusted profit and revenue that beat expectations, as improved supply-chain productivity helped offset cost-of-goods cost inflation. For the quarter to Aug. 28, the company […]
Constellation Brands Inc. STZ, -1.45% said Thursday it is divesting part of its mainstream and premium wine portfolio to The Wine Group in a move aimed at reshaping it toward the high end of the market. The deal includes Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines, […]
Amazon.com Inc. AMZN, -0.54% said Thursday it plans to hire 150,000 workers to help it get through this year’s holiday season, with roles spanning packing and picking to sorting and shipping. The company said it will pay $3,000 sign-on bonuses in certain markets, and will pay on average $19 an hour. Interested candidates can see […]
Shares of McCormick & Co. Inc. MKC, -1.20% were indicated down less than 1% in premarket trading Thursday, after the spices and seasonings mix company reported fiscal third-quarter profit that fell short of expectations, amid continued supply chain challenges and as recovery of certain constrained materials took longer than anticipated. Net income rose to $222.9 […]
$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide … Source: Cointelegraph
Apollo Global Management Inc. APO, -1.20% and Sixth Street Partners LLC are not moving ahead with talks to help finance Elon Musk’s $44 billion acquisition of Twitter Inc. TWTR, -3.72%, Reuters reported. Musk replied, “correct” on Twitter when answering queries about whether the two lenders are absent from the $7.1 billion in third-party equity financing […]
Jay Clayton, who formerly chaired the Securities and Exchange Commission, has joined the board of directors at American Express Co. AXP, -1.38%, the card company announced Thursday. “Jay’s deep regulatory and legal expertise and knowledge in financial markets, along with his extensive experience advising organizations on corporate governance matters, will make him a tremendous asset […]
Shares of Marathon Digital Holdings Inc. MARA, +2.02% climbed 1.3% in premarket trading Thursday, after the cryptocurrency miner said it produced 360 bitcoin BTCUSD, -0.25% in September, or nearly 60% of the 616 bitcoin produced during the third quarter. The company said the improved bitcoin production has continued into October, with about 19,000 additional miners […]
American Oncology Network LLC said Thursday it agreed to be acquired by special purpose acquisition company Digital Transformation Opportunities Corp. DTOC, +0.20% in a deal that values the oncology practice currently comprised of 107 doctors in 18 states at $500 million. When the merger closes as expected in the first half of 2023, American Oncology […]
Eli Lilly and Co. LLY, +0.35% said Thursday that its experimental obesity drug received a Fast Track designation from the Food and Drug Administration. The drug maker also said it plans to begin a rolling submission to the FDA for tirzepatide as a treatment for adults with obesity or who have overweight with related comorbidities. […]
