Day: October 10, 2022

FedEx FDX, +0.96% rival Deutsche Post DPW, +5.79% on Monday said it will have to lift its earnings guidance for the full year, after preliminary results show its nine-month earnings before interest and tax of around 6.5 billion euros ($6.3 billion). Deutsche Post said it will lift its fiscal year EBIT forecast, of 8 billion […]

Aramark ARMK, +0.59% said Monday it plans to have a 44% plant-based food on its residential dining menus at 250 colleges and universities by 2025. Currently, about 26% to 30% of Aramark’s menu offerings on college campuses are plant-based. The food service giant said the move comes as part of its 15-year collaboration with the […]

Penn Entertainment Inc. PENN, -2.56% said Monday it’s planning to relocate riverboat casinos in Aurora and Joliet, Illinois, to land-based facilities and to build a new hotel at Hollywood Columbus in Ohio, and a second hotel tower at the M Resort in Henderson, Nevada. Chief Executive Jay Snowden said he expects the properties to generate […]

Churchill Asset Management LLC said Monday it drew in more than $12 billion in third-party commitments for its private capital senior lending programs. The fresh capital includes Churchill’s flagship levered and unlevered senior loan funds, publicly-registered vehicles and separately managed accounts, with money from about 150 institutional and high net worth investors globally. Churchill CEO […]

A new report shows that 65% of the 1,450 Web3 organizations are based on native blockchain technology, while 35% are based on non-native technology. Source: Cointelegraph

The stock of paint company PPG Industries Inc . PPG, -4.80% slid 7% in premarket trade Monday, after it warned that third-quarter earnings would lag estimates due to softer demand in Europe and China. The Pittsburgh, Pa.-based company is now expecting adjusted per-share earnings for the quarter to be 5% to 7% below the guidance […]

Shares of Toast Inc. TOST, -6.24% rose 1.2% in premarket trading Monday, after the provider of consumer payment systems for restaurants was upgraded at Mizuho, with analyst Dan Dolev saying a restaurant survey showed a “delicious path to profitability.” Dolev raised his rating to buy from neutral and lifted his stock price target to $24 […]

Turmeric Acquisition Corp. TMPM, +0.10% said Monday it will redeem its public shares, after the special purpose acquisition corporation, or SPAC, failed to find a business target in time. The blank-check company said shares would cease trading as of the start of trade Oct. 20 and will be deemed canceled at the close of trade […]

Boston health officials said Friday they’re concerned about elevated levels of the coronavirus in the city’s wastewater, the Associated Press reported. The concentration of the virus in local wastewater has increased by 3.1% over the past week and by nearly 100% over the past two weeks, according to new data from this week from the […]

The U.S.-listed shares of New Oriental Education & Technology Group Inc. EDU, -2.49% dropped 4.2% in premarket trading Monday, after the China-based provider of private educational services said it was provisionally named by the U.S. Securities and Exchange Commission (SEC) as an identified issuer under the Holding Foreign Companies Accountable Act (HFCAA). The identification means […]