Latest Market News
Turning Point Brands Inc. TPB, -0.85% on Monday named long-tenured company executive Graham Purdy as chief executive officer following Yavor Efremov’s resignation as CEO and director. David Glazek will transition from non-executive to executive board chairman in January. Purdy has been chief operating officer of the company, which makes Zig-Zag cigarette papers and other related […]
Shares of Continental Resources Inc. CLR, -3.18% rallied 8.3% in premarket trading Monday, after the oil producer announced an agreement to be acquired by Omega Acquisition Inc., which is owned by the company’s founder Harold Hamm, in a deal that values the company at nearly $27 billion. Under terms of the deal, Omega will launch […]
Archaea Energy Inc. LFG, -4.90% said Monday it has entered an agreement to be acquired by BP PLC BP, -2.63% for about $4.1 billion in cash including about $800 million of debt. The cash consideration of about $26 per Archaea share is equal to a 38% premium over the stock’s volume weighted average share price […]
Meta announced its latest VR headset, Quest Pro, which includes a new eye and facial movement tracker said to enhance digital avatar expressions and realism. 271 Total views 21 Total shares Meta, the parent company of Facebook and Instagram, announced its latest virtual reality (VR) headset at the Meta Connect 2022 event on Oct. 11. The […]
Shares of Biogen Inc. BIIB, -1.97% gained 1.4% in premarket trading on Monday after telling investors that the Food and Drug Administration extended the review period for its experimental treatment for amyotrophic lateral sclerosis (ALS) by three months. The new decision date is April 25. Biogen’s stock is up 10.3% this year, while the S&P […]
Japanese yen paired with the US dollar has returned to a devaluation strategy. The current quote in USDJPY is 148.70. It is close to a 32-year high. Morning statistics showed that Japan’s final volume of industrial production for August rose to 3.4% y/y, while a gain of 2.7% y/y was expected, as before. This is […]