SoftBank’s WeWork, once most valuable US startup, succumbs to bankruptcy
(Reuters) – WeWork, the SoftBank (TYO:9984) Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S.…
Exclusive-Cigna explores shedding Medicare Advantage business
(Reuters) – U.S. health insurer Cigna (NYSE:CI) Group is exploring the sale of its Medicare Advantage business, which provides additional…
Bernstein upgrades BMW to Outperform as automaker is determined to sell EVs in China
Bernstein upgraded BMW (ETR:BMWG) to an Outperform rating (From Market Perform) with a 12-month price target of $110.00on the German…
Genie Energy posts record Q3 revenue, revises EBITDA forecast upward
Genie Energy Ltd. has announced its Q3 2023 financial results, showcasing a record-breaking revenue of $125 million, marking a 54%…
Birkenstock gets Wall Street’s top rating on capacity addition, expansion
(Reuters) – Wall Street brokerages largely initiated Birkenstock (NYSE:BIRK) with their top ratings, pointing to a likely boost from the…
Disney names PepsiCo veteran Hugh Johnston as CFO
(Reuters) – Walt Disney has named longtime PepsiCo (NASDAQ:PEP) executive Hugh Johnston as the media conglomerate’s chief financial officer, the…
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.09%
Saudi Arabia stocks were higher after the close on Monday, as gains in the Industrial Investment, Financial Services and Petrochemicals…
Enviri Corporation ups full-year outlook following strong Q3 2023 performance
Enviri Corporation, in its Q3 2023 earnings call, announced a fifth consecutive quarter of double-digit EBITDA growth, led by improved…
BioNTech cuts 2023 revenue target on reduced prospects for vaccine
(Reuters) – BioNTech (NASDAQ:BNTX) has cut its 2023 revenue target by about 1 billion euros ($1.1 billion) on lower demand…
Marketmind: Rates buzz sustained before Fed loan data
A look at the day ahead in U.S. and global markets from Mike Dolan After its best week of 2023…