Trump Media & Technology Group stock surges, Tesla shares are downgraded, Meta Platforms launches a new free-to-use stand-alone version of the company’s Meta Ai chatbot, and Taiwan Semiconductor falls as the company lowers its outlook for the overall chip market.
Cipla USA is recalling 59,244 packs of Ipratropium Bromide and Albuterol Sulfate Inhalation Solution.
The battle for debt-laden IT consulting firm Atos pits Czech billionaire Daniel Kretinsky against French businessman David Layani, indicative offers, presenting widely different tactics to strengthen the company's finances, showed on Monday. Once a flagship technology company included in the French bluechip CAC-40 share index, Atos grew quickly through acquisitions but later made strategic mistakes against a backdrop of unstable governance, sending its shares down by more than 90% over the last three years. Out of four bids Atos said it received, the company's board has already rejected one put forward by Bain Capital, it said.
(Bloomberg) -- Czech billionaire Daniel Kretinsky is facing off against David Layani’s OnePoint in his latest attempt to rescue embattled French tech company Atos SE.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeJudge Threatens Trump With Jail Over Gag Order ViolationsTreasury Rally Risks Running Into a $125 Billion Brick WallBuffett Praises Apple After Trimming It, Drops Paramount StakeAtos
Atos said the proposals were from a group of bondholders and banks, Bain Capital, EP Equity Investment and Onepoint, adding that it had signed a $108 million interim financing deal with bondholders.
You won't believe the amount of money that the bottler intends to return to shareholders.
Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial-intelligence tools, in particular with U.S. commercial customers. Palantir shares, which rallied 8.1% in Monday’s regular session, were down more than 14% to $21.56 in midday trading Tuesday. For the March quarter, Palantir posted revenue of $634 million, up 21% from a year ago, and ahead of both the company’s guidance range of $612 million to $616 million and Wall Street’s consensus of $615 million as tracked by FactSet.
Prepare yourself for a big shock.
Lower realizations of commodity prices hurt BP's earnings in Q1.
After a rocky month of April, investor sentiment has improved somewhat. At least in part, this can be attributed to a better-than-expected earnings season. So far, about 80% of the S&P 500-listed companies have reported their Q1 results, and 77% of those have shown a quarterly EPS above the forecasts. Overall, the earnings reported are 7.5% better than the estimates, a beat that’s well above the 6.7% decadal average. Scott Chronert, a U.S. equity strategist at Citigroup, comments on the broader
Plug Power's (PLUG) Q1 results are likely to gain from an increase in the number of sites with fuel contracts. However, cost inflation is likely to have ailed the performance.