JHVEPhoto/iStock Editorial via Getty Images Southwest Airlines Co. (NYSE:LUV) and Archer Aviation (NYSE:ACHR) announced on Friday that they have signed a memorandum of understanding. The MOU is to develop operational plans for electric air taxi networks utilizing Archer’s (ACHR) eVTOL aircraft at California airports where Southwest (LUV) operates flights. SouthwestContinue Reading
Michael M. Santiago Nvidia (NASDAQ:NVDA) CEO Jensen Huang has sold another 240,000 shares of company stock for $30.7M, according to an SEC filing. Prices for the shares ranged from $125.91 to $130.33. They were sold in a series of sales made on July 5 and July 8. Huang sold theContinue Reading
Assurant (NYSE:AIZ) has announced that Martin Jenns, EVP and president of Assurant Global Automotive, plans to retire at year’s end after 15 years with Assurant. Jeff Strickland, SVP, Assurant Dealer Services & Strategic Accounts, has been named to succeed Jenns at the time of his retirement. Strickland will begin leadingContinue Reading
6381380/iStock Editorial via Getty Images ConocoPhillips (NYSE:COP) filed a lawsuit Friday to block a Biden administration ban on drilling across nearly half the National Petroleum Reserve in Alaska, Bloomberg reported, claiming the measure violates a federal law that compels oil development there. The lawsuit aims to thwart an Interior DepartmentContinue Reading
Angel Di Bilio/iStock Editorial via Getty Images The board of directors at Southwest Airlines (NYSE:LUV) announced on Wednesday that it has approved the adoption of a limited-duration shareholder rights plan. The rights plan will be triggered if an entity holds a 12.5% economic interest in the company. In addition, theContinue Reading
zhaojiankang/iStock via Getty Images ArcelorMittal (NYSE:MT) said Tuesday it has decided against shutting its Newcastle steel plant in South Africa and is working on a plan to make it viable, more than six months after announcing its closure. The plant in KwaZulu-Natal province makes fencing material, rail, rods and barsContinue Reading
Lubo Ivanko/iStock Editorial via Getty Images The chief executive of British health and beauty retailer, Boots is set to leave the company after its U.S. owner, Walgreens Boots Alliance (NASDAQ:WBA), wavered on a potential sale or a stock market listing of the unit, according to sources. Sebastian James, who hasContinue Reading
jetcityimage/iStock Editorial via Getty Images AGCO (NYSE:AGCO) this week “missed an opportunity to reset 2024 guidance” as the maker of farm machinery announced a restructuring plan, analysts at financial-services firm Baird said. “We think 2024 guidance will likely be reset to reflect revenue of less than $13 billion, margin ofContinue Reading
JHVEPhoto CME Group (NASDAQ:CME) has partnered with Google Cloud (NASDAQ:GOOG)(NASDAQ:GOOGL) to develop a private cloud region and new platform to support a global trading market for futures and options, the companies announced Wednesday. Located in Aurora, Ill., the specialized platform “will enable a number of benefits for CME Group’s clients,Continue Reading
designer491 The Ontario Securities Commission Tribunal will hold a hearing on Thursday to consider Riot Platforms’ (NASDAQ:RIOT) application seeking interim and/or permanent cease trade orders regarding Bitfarm’s (NASDAQ:BITF) shareholder rights plan, the agency said on Tuesday. A first case management hearing will be held on June 27, 2024, at 10:30Continue Reading
