Tag: Marketwatch
Rogers Corp. ROG, -44.30% stock fell 42% to $96.49 in premarket trades on Wednesday after it received a termination notice from DuPont de Nemours Inc. DD, +3.13% for its $5 billion acquisition of the engineered materials company. Rogers said it’s “evaluating all options” to determine its best path forward. DuPont said Tuesday the two companies […]
Casino resort operator MGM Resorts International MGM, -2.31% reported a surprise loss for its third quarter, and shares fell 5% after hours on Wednesday following the results. The company reported a net loss of around $1.06 billion, or $1.45 per share, compared with a $1.34 billion profit, or $2.77 per share, in same the quarter […]
Shares of Fortinet Inc. FTNT, -5.65% were off more than 13% in after-hours trading Wednesday after the cybersecurity company topped expectations with its latest earnings and revenue numbers but delivered a billings forecast for the current period that came up light. The company logged third-quarter net income of $231.6 million, or 29 cents a share, […]
Shares of Sinclair Broadcast Group Inc. SBGI, -2.87% were down 3% in after-hours trading Wednesday after Wells Fargo analyst Steven Cahall double-downgraded the broadcast company’s stock, lowering his rating to underweight from overweight and nearly halving his price target to $16 from a prior $30. The company “faces multiple pressures that we think are greater […]
DuPont de Nemours Inc. DD, +2.62% said late Tuesday it has ended its deal to buy Arizona-based engineered-materials maker Rogers Corp. as the companies could not get “timely clearance” from all the required regulators. DuPont is paying Rogers a termination fee of $162.5 million in accordance with the agreement. The $5.2 billion deal, announced in […]
Shares of Yum China Holdings Inc. YUMC, +4.14% reported third-quarter per-share profit that topped expectations, and said it expected to continue opening stores as planned this year even as COVID-19 restrictions and inflation fears weigh on business. The company — which runs KFC, Pizza Hut and Taco Bell restaurants in China — reported net income […]
The Supreme Court denied a request Tuesday by Republican Sen. Lindsey Graham of South Carolina to block a subpoena seeking his testimony as part of a Georgia probe into efforts by former President Trump to overturn the results of the 2020 election. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as […]
Oil futures climbed toward session highs on Tuesday after The Wall Street Journal reported that Saudi Arabia shared intelligence with the U.S. warning of a possible Iranian attack on targets in the kingdom. In response to the warning, Saudi Arabia, the U.S. and several other neighboring states raised alert levels for their military forces, the […]
Chief Justice John Roberts on Tuesday temporarily halted the release of former President Donald Trump’s tax returns to a House panel. Trump asked the Supreme Court on Monday to block the House Ways and Means Committee from accessing his tax records. Roberts called for more briefing in the case, reported the Washington Post, and called […]
JPMorgan Chase & Co. JPM, +1.26% said Tuesday its J.P. Morgan Asset Management unit is launching a new private capital team aimed at investments in life sciences. Stephen Squinto is now chief investment officer and managing partner of Life Sciences Private Capital for the bank. He previously worked at private equity firm OrbiMed Advisors. Squinto […]
