News

Feb 27
Zynga still expects Take-Two deal to close in fiscal Q1 after 'go-shop' period is completed

Zynga Inc. ZNGA, +4.20% said Friday the “go-shop” period under its previously announced merger agreement with videogame publisher Take-Two Interactive Software TTWO, +1.16% has been completed and said it still expects the deal to close in the first quarter of Take-Two’s fiscal 2023 ending June 30, 2022. “Zynga’s Board of Directors continues to believe that […]

Feb 27
Ukraine conflict keeps energy prices elevated as risk of supply disruptions remains high

Gas prices in Europe fell sharply in the course of trading session on Friday. The price of March futures in the European TTF hub in Netherlands plunged by 27% to $1,148 per 1,000 cubic meters on the ICE exchange as fears of Europe’s energy supply outages due to Ukraine conflict receded.Gas prices in Europe soared […]

Feb 27
Gap to raise dividend by 25%

Gap Inc. GPS, +2.86% announced plans to raise the 2022 annual dividend to 60 cents per share, 25% higher than the previous 48 cents per share dividend. The first quarterly dividend of 15 cents per share will be payable on or after April 27 to shareholders of record as of April 6. Gap stock has […]

Feb 26
LendingTree shares gain on strong revenue outlook

LendingTree Inc. TREE, +15.65% rose nearly 7% in premarket trades on Friday after the loan provider said it expects first-quarter revenue of $280 million to $290 million, ahead of the Wall Street consensus estimate of $277.7 million, according to a survey by FactSet. For full-year 2022, LendingTree expects revenue of $1.2 billion to $1.25 billion, […]

Feb 26
ESTER benchmark

The working group set up by the European Central Bank to examine the interest rate benchmarks that will succeed EONIA has suggested ESTER (Euro Short-Term Rate) as the new euro risk-free rate. For more information on this matter, please see the press release published by the ECB. Source: FSMA