Category: Stock Market
Zurich-based Credit Suisse AG CS, +3.92% CSGN, +1.57% could seek at least $2 billion in a potential capital increase, and has lined up big banks just in case, according to a Tuesday report by Bloomberg, [l: which cited sources. Those banks include Morgan Stanley MS, +2.96% and Royal Bank of Canada RY, +0.71% RY, +1.08%, […]
The yen has fallen to its lowest level in more than three decades against the dollar, hurt by Japan’s refusal “to play the tightening game that foreign central banks like the Federal Reserve have spearheaded,” said XM senior investment analyst Marios Hadjikyriacos. This rates dynamic is one reason the yen has lost its safe-haven appeal. […]
President Joe Biden in a speech around 12: 15 p.m. Eastern Tuesday is expected to promise that if Democrats maintain their control of Congress in the midterm elections, then the first bill that he sends to U.S. lawmakers in the next session will aim to codify abortion rights, according to multiple published reports. Democrats have […]
Doral Renewables said Tuesday it agreed to sell up to $500 million in convertible notes to Apollo Global Management Inc. APO, +2.69% and Israel-based Migdal Insurance in a deal that values the Philadelphia solar power and storage developer at $1.5 billion. Apollo partner Corinne Still is joining the board of Doral Renewables as part of […]
Shares of Darling Ingredients Inc. DAR, +0.64% fell 0.9% in premarket trading Tuesday, after the producer of natural ingredients from edible and inedible bio-nutrients announced a deal to buy collagen producer Gelnex for $1.2 billion in cash. The deal is expected to close in the first quarter of 2023. Brazil-based Gelnex produces about 46,000 metric […]
State Street Corp. STT, -1.31% shares rose 3.4% in premarket trades after the financial firm’s third-quarter earnings of $1.82 a share beat the analyst estimate of $1.78 a share, according to FactSet data. State Street’s revenue of $2.96 billion narrowly missed the target of $2.97 billion. The company also announced a $1 billion stock buyback. […]
Shares of International Paper Co. IP, +1.79% fell 0.6% in premarket trading Tuesday, to buck the big rally in the broader stock market, after Deutsche Bank analyst Kyle White turned bearish on the paper and packaging products company, citing concerns over falling containerboard prices. “Given weakening demand and upcoming capacity additions, we anticipate containerboard prices […]
Shares of Albertsons Companies Inc. ACI, +0.59% rose 1.0% in premarket trading Tuesday, after the grocery chain, which has agreed to be acquired by Kroger Co. KR, +1.92%, reported fiscal second-quarter profit and sales that rose above expectations, even as gross margin decreased. Net income for the quarter to Sept. 10 rose to $342.7 million, […]
Shares of Conn’s Inc. CONN, -14.00% plummeted 18.6% in premarket trading toward a more than two-year low, after the home goods retailer warned of a revenue shortfall and said its chief executive officer stepped down after just 14 months in the role. “Conn’s remains challenged by macroeconomic headwinds, which is impacting consumer spending and disproportionately […]
Carnival Corp. & plc CCL, +1.96% said Tuesday that its Carnival Holdings (Bermuda) Ltd. has commenced an offering of $1.25 billion of senior priority high-yield bonds that mature in 2028. Proceeds will be used to make principal payments on debt and for general corporate purposes. As part of the deal, the company and subsidiaries will […]