Tag: brokerswatch
Citigroup Inc. C, -0.01% is due to submit Thursday to federal regulators a new plan for addressing deficiencies in its risk management infrastructure, The Wall Street Journal reported Thursday. The plan includes company milestones the Federal Reserve Bank and the Office of the Comptroller of the Currency (OCC) can review to judge the bank’s progress, […]
American International Group Inc. AIG, +0.37% said late Wednesday it priced the initial public offering of its life insurance unit Corebridge Financial Inc. CRBG, -1.36% at $21 a share, the low end of its price range. The company sold 80 million shares to raise $1.68 billion, marking the biggest IPO of the year to date. […]
Shares of Gap Inc. GPS, -3.05% slumped 3.1% toward a seven-week low Thursday, after reports that Kanye West ended his relationship with the apparel retailer. The Wall Street Journal reported, citing a letter West sent to Gap, that the rapper and designer’s Yeezy LLC was ending the relationship because Gap breached the agreement by not […]
Cowen analyst Jaret Seiberg on Thursday said leadership in both the U.S. Senate and the House are for the first time working on a cannabis package based on the SAFE Banking measure to speed up financial transactions. With many legal cannabis companies still facing banking hurdles such as being forced to transact in cash, Cowen […]
Analyst Emmanuel Rosner at Deutsche Bank started coverage of SES AI Corp. SES, +1.49%, rating it a hold and giving it a $7 price target. “We believe the company is taking a thoughtful approach to developing hybrid lithium metal battery technology for the automotive industry, which could offer significant advantages over current li-ion batteries and […]
Shares of Spectrum Brands Holdings Inc. SPB, -15.27% dove 8.6% in morning trading Thursday toward a two-year low, after the U.S. Department of Justice sued to block the branded consumer products company’s sale of its hardware and home improvement (HHI) business to Sweden-based Assa Abloy AB ASAZY, +1.18% ASSA.B, +1.33% amid competition concerns. Spectrum responded […]
Third Harmonic Bio Inc. THRD, +17.94%, a biotech specializing in allergic and inflammatory diseases, priced its initial public offering late Wednesday at $17 a share the midpoint of its $16 to $18 price range. But the company was able to upsize the deal to 10.9 million shares from an earlier plan to offer just 9 […]
President Joe Biden is scheduled to deliver remarks at 11 a.m. Eastern on a tentative deal by rail companies and unions to avert a strike, the White House said Thursday. Biden and Labor Secretary Marty Walsh announced a deal early Thursday in separate statements. A strike could have worsened inflationary pressures. The deal will go […]
The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 77 billion cubic feet for the week ended Sept. 9. That compared with the average analyst forecast for an increase of 69 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage […]
Businesses boosted inventories, or products waiting to be sold, rose by 0.6% in July in a sign the economy was growing steadily over the summer. Economists polled by The Wall Street Journal had forecast a 0.6% increase. Rising inventories adds to gross domestic product and usually reflect an expanding economy. The government said sales fell […]