Latest Market News
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 […]