Tag: Marketwatch

Duke Energy Corp. DUK, +0.01% said Wednesday that it targets energy generated from coal to be just 5% of total energy generation by 2030, and aims at a full exit from coal by 2035. Currently, the company coal fuel represents about 27% of its total energy generation. The electric utility said the targets are part […]

The Captain Tom Foundation paid out more in management costs than it donated to charity, BBC News reported, citing the published accounts. Captain Tom Moore generated worldwide attention when the then 99-year-old carried out fundraising walks around his garden during COVID restrictions. The foundation gave out £160,000 to charity while spending £162,000 on management, according […]

Shares of US Ecology Inc. ECOL, +68.55% soared 67.3% in premarket trading Wednesday, after the provider of environmental services announced an agreement to be acquired by Republic Services Inc. RSG, -0.33% in a deal valued at $2.2 billion, including $700 million in debt. Under terms of the deal, US Ecology shareholders will receive $48 in […]

Altmore BDC Inc., which invests in senior secured term loans for cannabis operators in the U.S., on Wednesday said it expects its initial public offering of 6.66 million shares to price at $14.50 to $15.50 a share for trading on the Nasdaq under the symbol ABDC. At the midpoint of the range, the McLean, Va., […]

Shares of Peloton Interactive Inc. PTON, +25.28% rocketed 19.9% in morning trading Tuesday, putting them on track to close above the widely followed 50-day moving average (DMA) for the first time in five months, after the at-home fitness company announced a new chief executive and said it would cut 2,800 jobs. The 50-DMA is viewed […]

Harley-Davidson Inc. HOG, +15.53% stock soared nearly 14% in Tuesday trading after the motorcycle company reported a surprise fourth-quarter profit. Net income totaled $21.6 million, or 14 cents per share, after a loss of $96.4 million, or 63 cents per share, last year. Adjusted EPS of 15 cents was well ahead of the FactSet consensus […]

Legion Partners issued a public letter Tuesday morning calling for the removal of Guess Inc. GES, +7.65% co-founders and directors Paul and Maurice Marciano after repeated allegations of sexual misconduct and assault. The Wall Street Journal, which first reported the activist investor demand, says Legion has a “roughly” 2.5% stake in Guess. “As investors, we […]

The U.S. Energy Information Administration raised its 2022 forecasts for U.S. and global benchmark oil prices by about 11%, according to a monthly report released Tuesday. The EIA said this year’s Brent crude is expected to average $82.87 a barrel, up 10.6% from the January forecast. West Texas Intermediate crude prices are expected to average […]

Shares of Novavax Inc. NVAX, -11.97% tumbled 12.2% in trading on Tuesday after a Reuters report said there are delays shipping the company’s COVID-19 vaccines to Europe and the Philippines in the first quarter of the year. Novavax’s vaccine has been authorized in several countries, including the U.K. and New Zealand. It is currently under […]

U.S. stocks posted strong gains on Tuesday, with the Dow industrials clinching the best session in over a week, as investors took a pause from gobbling up energy shares SP500.10, -2.12% to spread the wealth to other sectors of the market, including materials SP500.15, +1.57%, financials SP500.40, +1.38% and consumer discretionary SP500.25, +1.50%. The Dow […]