Melrose Industries Expects £200 Million Hit from Pratt & Whitney Engine Recalls
Melrose Industries predicts a £200 million cash impact from the recent Pratt & Whitney engine recalls. Other industry players also anticipate significant hits.
Cetera Holdings Acquires Avantax in $1.2 Billion All-Cash Transaction
Cetera Holdings acquires Avantax in a $1.2 billion all-cash transaction, expanding its wealth management capabilities. The acquisition strengthens Cetera's position as a major player in the industry.
NovaBay Pharmaceuticals Partners with BioStem Technologies
NovaBay Pharmaceuticals partners with BioStem Technologies to commercialize Avenova Allograft, a revolutionary solution for ocular surface repair in the field of eyecare.
DX (Group) Receives Takeover Proposal from H.I.G. European Capital Partners
Shares of DX (Group) rise by 21% as the company receives a takeover proposal from H.I.G. European Capital Partners worth £293.4 million ($365.8 million).
Oracle Set to Release First-Quarter Fiscal 2024 Results
Oracle is set to announce its first-quarter results for fiscal year 2024, with expected growth in revenue and adjusted earnings. Investors will be watching for software demand and potential acquisition targets. Updates on integrating Cerner...
MTU Aero Engines Faces 1 Billion Euro Hit Due to RTX's Engine Recall
German aircraft-engine manufacturer, MTU Aero Engines, anticipates a financial setback of 1 billion euros ($1.07 billion) due to RTX's engine recall. The recall is for Pratt & Whitney jet engines with a metal flaw that may result in crackin...
J.M. Smucker Acquires Hostess Brands for $5.6 Billion
J.M. Smucker is set to acquire Hostess Brands for $5.6 billion in a cash-and-stock transaction, generating cost synergies and aligning both companies' strategies.
Victory for Crypto Industry Sets Stage for Bitcoin ETF
A recent court victory in the crypto industry has brought the long-awaited Bitcoin exchange-traded fund (ETF) one step closer to reality. However, SEC resistance may lead to delays of up to two years or more. Categories: Finance, Cryptocurr...
Remembering Charlie Robison: Texas Singer-Songwriter
Remembering the life and career of Charlie Robison, a beloved Texas singer-songwriter known for his rootsy anthems and country success.
Rebounding Hiring in Canada Helps Stabilize Jobless Rate
Hiring in Canada experienced a resurgence, leading to a steady jobless rate. However, signs of potential headwinds loom as the economy continues to cool.