Category: Market News
Key Democratic Sen. Joe Manchin of West Virginia said in a statement on Monday that he’s “unable to support” the nomination of Sarah Bloom Raskin by President Joe Biden to serve on the Federal Reserve’s Board of Governors, according to multiple published reports. “Her previous public statements have failed to satisfactorily address my concerns about […]
The Food and Drug Administration’s approval on Friday of AstraZeneca’s Lynparza as a treatment for some people with early-stage breast cancer could bring in $1.5 billion in annual revenue for the company. U.S.-listed shares of AstraZeneca AZN, +1.98% AZN, +1.06% were up 1.5% in trading on Monday. SVB Leerink analyst Andrew Berens told investors in […]
Bob Iger, former chairman and chief executive of the Walt Disney Co. DIS, -1.41% is investing in and joining the board of Genies, an avatar technology company. Iger will join Bond’s Mary Meeker, NEA’s Rick Yang, Genies CEO & co-founder Akash Nigam, and Genies co-founder Evan Rosenbaum on the board. “We believe that avatar ecosystems […]
Ecolab Inc. ECL, -2.24% said Monday it’s planning to buy back $500 million of its own shares in 2022. The water treatment company had about 286 million shares outstanding on Feb. 28. “While continued rising raw material costs present a significant headwind for us and others, history shows that we have successfully navigated repeated raw […]
Park Hotels & Resorts Inc. PK, -1.28% said Friday it was reinstating a dividend, as the real estate investment trust focusing on hotels and resorts said it has seen a “broad-based recovery” in demand in February. The company said it will pay a quarterly dividend of 1 cent a share on April 15 to shareholders […]
Apollo Global Management Inc. APO, +1.58% confirmed Friday that it is in the early stages of evaluating a cash offer for Pearson Plc PSON, +18.01% PSO, +17.72%. The FTSE 100 education company’s shares were up about 21% on the news. Apollo said there was no guarantee that any offer will be made or on which […]
Shares of VEON Ltd. VEON, +3.31% VEON, +0.71% jumped 8.6% in premarket trading Friday, after the Netherlands-based internet services provider said its subsidiary prepaid its RUB30 billion ($259 million) loan with VTB Bank PJSC ru:vtbr, leaving VEON with no further outstanding loans with VTB. VEON’s stock had been hit hard by the sanctions imposed on […]
Exactly two years since the World Health Organization officially declared the then-rapidly spreading coronavirus outbreak a pandemic, and China has locked down a city of 9 million amid a spike in new COVID cases. Residents of the northeastern city of Changchun are required to remain home and undergo three rounds of mass testing, while non-essential […]
President Vladimir Putin said Friday that he had seen some progress in negotations with Ukraine, as the Russian invasion of that country stretches beyond two weeks. “There are certain positive shifts, negotiators on our side tell me,” Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko, adding that talks continued “practically on a […]
WeWork Inc. WE, -3.62% reported a 2021 loss that widened to more than $4.4 billion, although losses narrowed sequentially for every quarter after a $2.0 billion loss in the first quarter. The stock was little changed in premarket trading. The reported a 2021 net loss of $4.44 billion, or $18.38 a share, after a loss […]