Market
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Live Nation stock drops on reports Justice Dept. may file antitrust lawsuit next month
[ad_1] JHVEPhoto/iStock Editorial via Getty Images Live Nation (NYSE:LYV) fell 8.5% in after hours trading amid reports that the Justice Department is preparing to file an antitrust lawsuit against the concert promoter as soon as next month. The regulator is expected to allege that Live Nation (LYV) used its dominance in a matter that undermined competition for ticketing live events,…
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Delays to Guyana gas-to-power project could cut weeks off oil production (NYSE:XOM)
[ad_1] NiseriN/iStock via Getty Images Guyana’s attempts to use its natural gas resources to fuel a power plant that would cut the country’s energy costs are being held up by construction delays and cost overruns while threatening to curtail oil revenues by ~$1B, Reuters reported Monday. The first phase of a 300 MW power plant reportedly is running six months…
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EV startup Canoo raises going concern doubts as it runs low on cash (NASDAQ:GOEV)
[ad_1] Henrik5000/E+ via Getty Images Electric vehicle startup Canoo (NASDAQ:GOEV) warned on Monday about its ability to continue as a going concern, highlighting its dwindling cash reserves amidst a slump in the EV market. Shares of the Torrance, California-based company slumped 26% in extended trading. The EV maker said that it would be required to terminate or curtail its operations…
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WeWork founder and former CEO Adam Neumann makes bid for company
[ad_1] Cindy Ord/Getty Images Entertainment Adam Neumann, the founder and former CEO of WeWork (OTC:WEWKQ), has made a more than $500M bid to buy back his former company, according to a media report. Although Neumann stepped down as CEO and gave up his majority voting control in September 2019, reports are he has wanted to get back in the saddle…
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Crude oil climbs near five-month high; top oil execs rip calls for fast energy transition
[ad_1] SlavkoSereda/iStock via Getty Images Crude oil futures rose Monday to settle at their highest since late October, as Ukrainian drone attacks on Russian refineries are believed to have idled a significant chunk of Russia’s refining capacity, and Chinese industrial production for January-February exceeded expectations. “Preliminary estimates suggest ~15% of Russia’s refining capacity has been disrupted in recent days, potentially…
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Cassava Sciences again under scrutiny over Alzheimer’s drug research
[ad_1] hapabapa A lab run a City University of New York (CUNY) scientist with ties to Cassava Sciences (NASDAQ:SAVA) and its Alzheimer’s candidate simufilam was flagged with a multitude of issues during a September 2022 US FDA inspection. In that lab, Hoau-Yan Wang and his associates had evaluated samples of blood and cerebrospinal fluid from individuals who had been taking…
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AeroVironment’s stock soars with quarterly profit (NASDAQ:AVAV)
[ad_1] James Rolevink/iStock Editorial via Getty Images AeroVironment’s (NASDAQ:AVAV) stock jumped 18% in extended trading Monday after the maker of military drones and unmanned vehicles swung to a profit on better-than-estimated revenue. For its fiscal third quarter, AeroVironment (AVAV) reported net income of $13.9 million, or $0.50 a share, to contrast with a loss of $676,000, or $0.03 a share,…
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Aaron’s limps through after-hours trade on Q4 loss, downbeat 2024 guidance (AAN)
[ad_1] Shares of The Aaron’s Company (NYSE:AAN) are in a freefall in after-hours trade as the company’s swung to a loss in the fourth quarter and projected a loss for 2024 that is significantly worse than Street expectations. The company reported a loss of $0.26 per share on a 10.2% drop in revenue to $529.5M. This compares to a profit…
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Bayer to slash dividend by 95% to reduce its debt
[ad_1] NoDerog Bayer AG (OTCPK:BAYZF) plans to shrink its dividend by 95% as it works to reduce debt. Bayer shares rose about 1% in Germany on Monday after the dividend cut was disclosed. The German healthcare and crop sciences conglomerate said it will reduce its dividend policy to pay out the legally required minimum for three years, according to a…
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JetBlue stock soars after Icahn discloses stake
[ad_1] JetBlue stock soars after Icahn discloses stake [ad_2] Source link
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