News
U.S. stocks opened modestly lower Thursday as investors digested fresh economic data on unemployment claims, retail sales and manufacturing. The Dow Jones Industrial Average DJIA, +0.08% edged down 0.2%, while the S&P 500 SPX, -0.35% fell 0.4% and the Nasdaq Composite COMP, -0.55% dropped 0.7%, according to FactSet data, at last check. Initial jobless claims […]
Republic First Bancorp Inc. FRBK, +8.49% jumped 8% in premarket trades Thursday after the company said it’s initiating a strategic review in the wake of “inquiries by multiple parties expressing interest in one or more potential strategic transactions with the company. Republic First said it set up a strategic review committee to review the recent […]
Merrion Investment Management Co. said Thursday it opposes the proposed $8.4 billion buyout deal for Avalara Inc. AVLR, +0.06% at $93.50 a share. Merrio, which owns 31,925 shares of Avalara with a value of about $3 million, said the Aug. 8 deal is not necessary because the company “is perfectly capable of remaining independent and […]
Shares of Steel Dynamics Inc. STLD, +1.95% bounced 4.6% in premarket trading Thursday, after the steel producer and metals recycler provided a third-quarter profit outlook that was above expectations, citing “historically strong” steel operations. The upbeat outlook comes a day after the stock tumbled 9.0%, after fellow steel producer Nucor Corp. NUE, -2.63% issued a […]
Marqeta Inc. MQ, +5.34% announced Thursday that it has received board approval to buy back up to $100 million of its Class A shares. “The share repurchase program demonstrates the confidence our board and management team have in the strength of our business and future growth prospects,” Jason Gardner, the company’s chief executive, said in […]
Insurer Allstate Corp. ALL, +1.31% said Thursday it is planning “significant” rate actions in the second half of the year for car insurance as it struggles with inflationary pressures. In a regulatory filing, the company said it implemented rate increases of 14.5% across 8 regions in August, resulting in a premium impact of 3.2%. “We […]