Large Cap Archives - Page 74 of 437

1 minute read

Closing Chapter: UBS And Apollo Wrap Up Agreements, Marking Carve-Out Of Former Credit Suisse Business

March 27, 1:27 PM

UBS inks deal with Apollo to wind down Non-Core and Legacy portfolio, reducing risk and gaining $0.3B in Q1 2024. Credit Suisse expects $0.9B loss.

APO

2 minute read

Kimberly-Clark To Streamline Operations, Cut Workforce

By Lekha Gupta

March 27, 11:47 AM

Kimberly-Clark unveils transformation strategy to drive growth, optimize margins, and restructure operations with focus on innovation and sustainability. FY24 outlook reiterated.

FDV

3 minute read

Tesla, GM, Ford Supply Chain Concerns: Baltimore Port Closure ‘Going To Have An Impact’

By Neil Dennis

March 27, 11:07 AM

Tesla, Ford and GM scramble for alternative shipping routes after a bridge collapse shuts down Baltimore port, disrupting auto business.

CEIX

2 minute read

Merck’s $11B Bet Pays As FDA Approves Sotatercept For Rare Lung Disease

By Vandana Singh

March 27, 9:20 AM

FDA approves Merck's Winrevair for PAH treatment. First-in-class therapy to enhance exercise capacity, improve WHO FC, and reduce clinical worsening. Available in select U.S. pharmacies by April. Pricing details revealed.

BMY

1 minute read

What’s Going On HSBC Shares Premarket Wednesday?

By Lekha Gupta

March 27, 7:47 AM

HSBC launches $150M Venture Debt offering in Singapore and $1B ASEAN Growth Fund, aiming to support high-growth companies and digital platform businesses.

AVIV

1 minute read

Phillips 66 Explores Sale Of Rockies Express Pipeline Stake Worth Over $1B: Report

By Lekha Gupta

March 27, 6:28 AM

Phillips 66 is looking to sell its 25% stake in Rockies Express Pipeline for over $1 billion. The company is in talks with potential buyers.

CRAK

2 minute read

Comcast’s Peacock & Amazon Prime Video Heat Up NFL Streaming: Exclusive Games In Brazil And Wild-Card Action To Set Screens Ablaze

By Nabaparna Bhattacharya

March 27, 6:18 AM

Comcast's Peacock and Prime Video announced exclusive NFL streaming deals for the upcoming season, featuring historic games in Brazil and a wild-card matchup, signaling a groundbreaking shift in football viewing experiences.

AMZN

1 minute read

Honeywell Takes Flight In Autonomous Future With Civitanavi Acquisition

By Lekha Gupta

March 27, 6:09 AM

Honeywell to acquire Civitanavi Systems for €6.30 per share. Deal expected to close in Q3 2024, not subject to financing. Honeywell will gain new navigation solutions and strengthen their position in autonomous operations.

GCAD

2 minute read

Adobe Revolutionizes Content Supply Chain With New Generative AI Tools

By Piero Cingari

March 26, 4:31 PM

Adobe introduces GenStudio and Firefly, a suite of AI tools that streamline content creation and management, addressing the challenges of the content supply chain. Strategic partnerships and new capabilities were also announced at the Adobe Summit.

ADBE

2 minute read

Does Boeing’s Management Overhaul Signal Crucial Turning Point? Analysts Weigh In

By Lekha Gupta

March 26, 2:07 PM

Analysts from Benchmark and BofA Securities expressed their views on recent significant management changes and delivery concerns at Boeing. This week, David Calhoun, the CEO of Boeing, revealed the decision to step down along with chairman Larry Kellner in the wake of an investigation by federal authorities into the January incident when a door panel blew out in mid-flight.

AAL