Bankrupt drugstore chain Rite Aid raises going concern doubts
(Reuters) – U.S. drugstore chain Rite Aid (NYSE:US90274J5618=UBSS) raised concerns about its ability to remain in business in a regulatory…
V.F. Corp. jumps as Engaged Capital reveals stake in North Face owner
V.F. Corp. (NYSE:VFC) shares jumped 11% Tuesday after activist investor firm Engaged Capital said it has built a position in…
BMW to Adopt Direct Sales Model Across Europe by 2024
In a significant shift in its sales strategy, BMW (ETR:BMWG) announced on Wednesday that it will begin selling vehicles directly…
M&T Bank beats profit estimates as higher rates boost interest income
(Reuters) – M&T Bank (NYSE:MTB) beat Wall Street estimates for third-quarter profit on Wednesday, as the Federal Reserve’s rapid rate…
Nasdaq beats profit estimates on strong demand for investment products
(Reuters) – Nasdaq on Wednesday reported third-quarter profit that beat Wall Street estimates, helped by stronger demand for its indexes…
Sensex Drops 550 Points Amid Rising Oil Prices and US Interest Rates
Indian stocks took a hit on Wednesday, with the Sensex dropping 550 points as concerns about elevated oil prices, US…
Singapore to inspect Credit Suisse, others in money-laundering scandal
(Reuters) – The Monetary Authority of Singapore (MAS) plans to conduct an on-site inspection of a local unit of Credit…
Amazon seeks to overhaul fulfillment with AI and robotics capabilities
Amazon (NASDAQ:AMZN) is set to introduce “an array of new artificial intelligence and robotics capabilities into its warehouse operations,” according…
Everton sale stalls amid questions about buyer’s financials – NYT
(Reuters) – The sale of struggling Premier League club Everton to 777 Partners has stalled as the U.S. investment fund…
IRM Energy IPO oversubscribed on day one, aims to fund city gas distribution
The Initial Public Offering (IPO) of IRM Energy, a city gas distribution company based in India, was launched on Wednesday…