Tod's to Delist from Milan Stock Exchange
Tod's announces its delisting from the Milan stock exchange, selling a 36% stake to L Catterton. Despite challenges, the founding family will maintain majority control.
Federal Judge Orders Elon Musk to Testify Again in SEC Investigation
A federal judge has ordered Elon Musk to testify again in the SEC investigation into his 2022 purchase of Twitter. Musk has challenged the legitimacy of the SEC's demands.
New York Community Bancorp Faces Stock Decline Amidst Challenges
New York Community Bancorp's stock has experienced a significant decline of about 60% and multiple ratings downgrades. The company is considering selling rent-regulated commercial real estate to mitigate the impact of recent events.
Nikola Corp. Rejects 'Dissident' Nominees to Board of Directors
Nikola Corp. rejects board nominees proposed by Trevor Milton, citing lack of experience and expertise. Stock continues to suffer due to Milton's past actions.
Bellway Expects Return to Growth in Fiscal 2025 Despite Revenue Fall
Despite a revenue decline in fiscal 2024, Bellway is optimistic about future growth, given stable market conditions and positive indicators such as increased customer enquiries and private reservation rates.
Positive Progress in Weight-Loss Drug Trials
Viking Therapeutics Inc. experiences positive progress in weight-loss drug trials, showing potential for significant weight loss and attracting market opportunities.
The Rise of Passive Investing and its Impact on Active Money Managers
Passive investing is on the rise, posing challenges for active money managers and reshaping the investment landscape.
Toronto-listed stocks decline amid Bank of Canada apprehension
Toronto-listed stocks are down as the Bank of Canada expresses concern about rate cuts. Tech, communications, and manufacturing sectors see declines while energy and retail show gains.
Netherlands Pension Fund PFZW Sells Stakes in Oil Companies
Netherlands' PFZW pension fund divests $3.02 billion in stakes from Shell, BP, TotalEnergies over lack of progress in clean energy transition.
Gucci Owner Kering Expects Profitability Challenge in 2024
Kering expects a decrease in profitability due to investments and sales growth normalization, amidst economic challenges and a slowdown in luxury demand.