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NextEra Energy Inc.’s NEE, -1.70% Florida Power & Light unit said it plans to refund about $400 million in federal tax savings to its 5.8 million customers. The savings stem from a federal production tax credit (PTC) for the development of the company’s current stable of 50 operational solar power sites. FPL said it will […]
Shares of Spectrum Pharmaceuticals Inc. SPPI, -26.13% were down 22.0% in premarket trading on Friday, the day after a Food and Drug Administration committee voted 9-4 that the benefits of the company’s experimental lung-cancer drug do not outweigh the risks. The FDA is not required to follow the committee’s advice when deciding when to approve […]
Yeti Holdings Inc. YETI, -6.55% said Friday that Chief Financial Officer Paul Carbone is resigning effective Oct. 28, to pursue a business opportunity that will allow him to be closer to family in Boston. The provider of outdoor products such as coolers and drinkware and backpacks has commenced a search for a replacement. Shares were […]
The environmentally-focused financial product was introduced by a subsidiary of DeFi Technologies. 940 Total views 58 Total shares A subsidiary of DeFi Technologies, Valour, will debut its new Carbon Neutral Bitcoin Exchange Traded Product (ETP) on the Frankfurt Stock Exchange. Trading of the ETP begins on Sept. 23. The company positions its ETP as a […]
Credit reporting agencies Equifax Inc. EFX, -2.49%, TransUnion and Dublin-based Experian PLC EXPGY, -2.45% EXPN, -0.23% said Friday that they will continue to offer free weekly credit reports to U.S. consumers through the end of 2023. “This benefit will help consumers manage their financial health during a period of rising inflation and unprecedented economic uncertainty […]
Banking analyst Dick Bove of Odeon Capital said in a research note Friday that this week’s Capitol Hill hearings between bank CEOs and members of Congress revealed more topics of interest from Democrats than Republicans. “As might be expected, the Democrats had meaningful differences in interest from the Republicans,” Bove said. Democrat issues with banks […]