Consortium of US investor Baker, Beetz to buy German retail giant Galeria, sources say
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A consortium led by US investor Richard Baker's investment firm NRDC Corp and German businessman Bernd Beetz is set to acquire German department store chain Galeria. The chain came up for sale following the collapse of Rene Benko's Signa conglomerate. Galeria slipped into insolvency in January after being hit by problems at Signa. Final negotiations with two bidders have been taking place in recent days, and both potential buyers intend to continue operating Galeria as a whole.
#UsInvestor #Baker #Beetz #GermanRetailGiant #Galeria #Acquisition
Oil prices turn higher as Middle East ceasefire hopes wane
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Oil prices rose in early Asian trading after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza and ease tension in the Middle East. Brent crude futures rose 40 cents to $90.78 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 35 cents to $86.78. Israeli Prime Minister Benjamin Netanyahu announced that an unspecified date had been set for Israel's invasion of the Rafah enclave in Gaza, ending hopes of easing geopolitical tensions. Hamas rejected the latest Israeli ceasefire proposal. The market is also weighing the risk of a disruption to oil supply due to potential conflict between Iran and Israel. Broader fundamentals, such as India's record-high fuel demand and an improvement in Chinese manufacturing activity, are supportive of prices. In the Americas, Mexico's state oil company Pemex announced a reduction in crude exports by 330,000 barrels per day to supply more to domestic refineries.
#OilPrices #MiddleEastCeasefire #Israel #Hamas #Gaza #BrentCrude #WestTexasIntermediate #GeopoliticalTensions #Iran #India #China #Mexico #Pemex
Study of NFL Alumni Cohort Finds Majority Suffer From Heart Disease Without Knowing It
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A study conducted by Edwards Lifesciences found that a majority of members of the National Football League (NFL) Alumni Association and their families suffer from heart disease without being aware of it. The study, called HUDDLE, revealed that 83.8% of the 498 participants screened had hypertension, but only 46.5% self-reported a history of hypertension. Additionally, 73.8% of participants with elevated systolic blood pressure were found to have structural heart changes. The study suggests the need for routine age-based screening and expanded use of echocardiograms to identify undetected heart disease and heart failure.
#Nfl #HeartDisease #Hypertension #HuddleStudy #EdwardsLifesciences
Notice of Injunction Prohibiting Hytera From Selling or Distributing Any Products Containing Two-Way Radio Technology
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The U.S. District Court for the Northern District of Illinois has issued a temporary injunction prohibiting Hytera Communications Corp., Ltd. from selling or distributing any products containing two-way radio technology worldwide. The injunction is in effect until Hytera fully complies with the U.S. Court's anti-suit injunction orders. Hytera has stated that it respects the U.S. Court's decision and is working towards compliance. The injunction covers two-way radio products such as portables, mobiles, base stations, and repeaters that implement two-way communication protocols like DMR, TETRA, and cellular protocols.
Ionis presents positive results from Phase 3 Balance study of olezarsen for familial chylomicronemia syndrome
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Ionis Pharmaceuticals has announced positive results from the Phase 3 Balance study of its investigational medicine, olezarsen, for the treatment of adults with familial chylomicronemia syndrome (FCS). The study showed that the 80 mg monthly dose of olezarsen significantly reduced triglycerides in patients with genetically validated FCS at six months. Olezarsen also demonstrated sustained reductions in triglycerides and serum apolipoprotein C-III levels, as well as a reduction in the incidence of acute pancreatitis events compared to placebo. The results were presented at the American College of Cardiology Annual Meeting and published in The New England Journal of Medicine. Ionis is pursuing regulatory approval for olezarsen as a potential breakthrough treatment for FCS.
#IonisPharmaceuticals #Olezarsen #Phase3BalanceStudy #FamilialChylomicronemiaSyndrome #Triglycerides #AcutePancreatitis #AmericanCollegeOfCardiology #TheNewEnglandJournalOfMedicine #RegulatoryApproval
SMART trial one-year data demonstrates Medtronic Evolut™ TAVR platform as optimal treatment for severe aortic stenosis in patients with small annulus, which is primarily women
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New data from the SMART trial, the largest head-to-head comparative trial of transfemoral transcatheter aortic valve replacement (TAVR), shows that the Medtronic Evolut™ TAVR platform is an optimal treatment for severe aortic stenosis in patients with small annulus, particularly women. The trial demonstrated non-inferior clinical outcomes and superior valve performance for the Evolut TAVR platform compared to the SAPIEN™ platform. The trial enrolled primarily women (87%) and showed that women have better valve performance when treated with the Evolut TAVR system. The Evolut TAVR platform met both co-primary endpoints of clinical non-inferiority and hemodynamic superiority at one year. The results highlight the need for tailored approaches and clinical evidence to inform treatment decisions for women with small aortic annuli.
ROSEN, A TRUSTED AND LEADING LAW FIRM, Encourages Equinix, Inc. Investors to Inquire About Securities Class Action Investigation “ EQIX
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Rosen Law Firm is investigating potential securities claims against Equinix, Inc. resulting from allegations of misleading business information. Hindenburg Research released a report accusing Equinix of accounting manipulation and overstating its profitability metric. Equinix's stock fell on the news and the company subsequently announced an independent investigation and received a subpoena from the U.S. Attorney's Office. Equinix investors who purchased securities may be entitled to compensation through a class action lawsuit. Rosen Law Firm has a track record of success in securities class actions and shareholder derivative litigation.
#Equinix,Inc #SecuritiesClassAction #Investigation #AccountingManipulation #StockMarket
Avangrid Statement on Gas Subsidiaries' Response to 4.8 Magnitude Earthquake
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Avangrid, a sustainable energy company, issued a statement on behalf of its subsidiaries New York State Electric & Gas (NYSEG), Southern Connecticut Gas (SCG), Connecticut Natural Gas (CNG), and Berkshire Gas Company (BGC) regarding the impacts of a 4.8 magnitude earthquake centered in northern New Jersey. The company's emergency personnel are assessing any impacts to infrastructure, and while no damage is currently known, assessments will continue throughout the weekend. Customers are urged to report any gas leaks to the respective gas company.
#Avangrid #Earthquake #GasInfrastructure #EmergencyResponse
CPI Aerostructures Reports Fourth Quarter and Full Year 2023 Results
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CPI Aerostructures reported its financial results for the fourth quarter and full year of 2023. In the fourth quarter of 2023, the company had a revenue of $23.5 million, a gross profit of $4.1 million, and a net income of $14.8 million. For the full year of 2023, CPI Aerostructures had a revenue of $86.5 million, a gross profit of $17.1 million, and a net income of $17.2 million. The company also reduced its debt from $22.8 million in 2022 to $20.1 million in 2023. CPI Aerostructures ended the year with a backlog of $513.4 million and expressed confidence in its long-term outlook.
#CpiAerostructures #FinancialResults #Revenue #GrossProfit #NetIncome #Debt #Backlog
KKR Real Estate Finance Trust Inc. to Announce First Quarter 2024 Results
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KKR Real Estate Finance Trust Inc. (KREF) (NYSE: KREF) plans to release its financial results for the first quarter of 2024 on Tuesday, April 23, 2024, after the closing of trading on the New York Stock Exchange. A conference call to discuss the financial results will be held on Wednesday, April 24, 2024, at 10:00 a.m. ET. KREF is a real estate finance company that focuses on originating and acquiring senior loans secured by commercial real estate properties. It is externally managed and advised by an affiliate of KKR & Co. Inc.
#KkrRealEstateFinanceTrustInc #Kref #FinancialResults #ConferenceCall #CommercialRealEstate #Kkr&CoInc
The Gold Market Knows It’s a New Macro, but Dead Men Walking Do Not (yet)
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The article discusses the gold market's response to the current macroeconomic situation and government hiring trends. The author highlights the continuous rise in government employment, which has reached an all-time high since June 2022. The article suggests that gold is looking beyond the current inflationary environment and is anticipating a post-bubble and counter-cyclical macro picture. The author predicts that gold may face challenges in the stock market during a bear market but sees the breakout in the gold chart as a positive sign for the anti-bubble. The article concludes by emphasizing the need for a shift in thinking and preparing for a coming economic bust and counter-cyclical environment.
#GoldMarket #Macroeconomics #GovernmentHiring #Inflation #StockMarket
MINISO Achieves Strong Growth in North America Thanks to IP Strategy and Innovative Shopping Experiences
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MINISO, a global lifestyle brand, has achieved strong growth in North America through its IP strategy and innovative shopping experiences. In 2023, MINISO's total global revenue was $1.9 billion USD, with a YoY growth of 39.4%. In the North American market, MINISO had 172 stores by year-end and achieved a Gross Merchandise Volume (GMV) of [GMV] with an annual growth rate of 120%. The brand's total revenue in 2023 surged to [revenue], soaring an annual growth rate of 128%. MINISO's growth in North America is attributed to its IP collaborations, product innovation, and strategic store expansions. The brand introduced various IP collaborations, such as Snoopy, Barbie, and Care Bears, which enhanced the shopping experience and promoted sales growth. MINISO also expanded its store presence in key locations, including Times Square and opened its 100th store in the US. The brand aims to add 550-650 new stores worldwide by the end of 2024. MINISO is a global lifestyle brand known for its design-led lifestyle products and relaxing shopping experience.
#Miniso #NorthAmerica #IpStrategy #ShoppingExperiences #RevenueGrowth
Zuora CFO sells over $266k in company stock
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Zuora Inc's Chief Financial Officer, Todd McElhatton, sold 31,006 shares of Class A Common Stock at a weighted average price of $8.6084, totaling approximately $266,912. The sale was part of a planned sale to cover tax liabilities associated with the vesting of restricted stock units. McElhatton still owns 277,803 shares of Zuora Inc. The sale is closely watched by investors for insights into executive sentiment regarding the company's future prospects.
#ZuoraInc #ToddMcelhatton #StockSale #CompanyStock #TaxLiabilities #RestrictedStockUnits
Wayfair COO sells over $210k in company stock
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Wayfair Inc. (NYSE:) Chief Operating Officer Thomas Netzer sold a total of 3,339 shares of Class A Common Stock at prices ranging from $62.23 to $63.69, with a weighted average price of $63.02 to $63.69 per share. The total value of the shares sold amounted to over $210,461. The sale was required to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs). Prior to the sale, Netzer acquired 28,595 shares of Class A Common Stock through the vesting of RSUs at no cost. Investors monitor insider transactions for insights into executive sentiment about the company's future performance. Wayfair Inc. has not made any official comment on the transactions reported in the SEC filing.
US stock futures inch higher as Wall St keeps rate cues in focus
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US stock index futures rose slightly in evening deals on Wednesday after Wall Street stemmed a two-day rout, although uncertainty over interest rates, especially ahead of key labor market data and Federal Reserve comments, kept any upside limited. S&P 500 Futures rose 0.07% to 5,270.0 points, while Nasdaq 100 Futures rose 0.13% to 18,396.50 points by 19:41 ET (23:41 GMT). Dow Jones Futures rose 0.03% to 39,494.0 points. Fed Chair Jerome Powell said that while the central bank still intended to cut interest rates in 2024, he did not specify the timing or scale of the potential cuts. Powell also said that sticky inflation and labor market strength will deter the Fed from any cuts in the near-term- sparking some questions over whether the central bank will have enough impetus to begin cutting rates in June. Wall Street indexes took little support from Powell’s comments, but did manage to somewhat stem a two-day rout, after the beginning of the second quarter sparked some profit-taking and dragged U.S. benchmarks away from record highs. More Fed speakers also on tap. But before the nonfarm payrolls data, addresses by other Fed officials are also due on Thursday.
#UsStockFutures #WallStreet #InterestRates #LaborMarketData #FederalReserve
Twilio Announces Retirement of Byron Deeter and Board Declassification
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Byron Deeter, a Twilio (NYSE:TWLO) Director Since 2010, will retire from the Board prior to the company's 2024 Annual Meeting of Shareholders. The size of the Board will be reduced back to nine directors. Twilio's Board of Directors unanimously voted to seek shareholder approval for the declassification of the Board. If approved, directors elected at the 2025 Annual Meeting and thereafter will be elected to one-year terms. Twilio is committed to upholding strong corporate governance practices and will continue to act in the best interests of Twilio and all shareholders.
#Twilio #ByronDeeter #BoardDeclassification
Penumbra executive sells over $130k in company stock
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Johanna Roberts, EVP, Gen. Counsel & Secretary of Penumbra Inc., sold a total of $130,242 worth of company stock on April 1, 2024. The sales were made according to a pre-arranged Rule 10b5-1 trading plan. Roberts still holds 64,282 shares in Penumbra Inc. Some of these shares are subject to vesting conditions. Penumbra Inc. has not released an official statement regarding the transactions. The company's financial health and market performance indicate a level of stability, with high earnings multiples, sufficient cash flows, and liquid assets exceeding short-term obligations. Penumbra has experienced significant revenue growth and profitability over the last twelve months. Further insider transactions and the company's stock performance continue to be monitored by investors and market analysts.
Fisker appoints new board member amid strategic review
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Fisker Inc. has appointed John S. Dubel to its board of directors, effective immediately. Dubel's appointment comes after William R. McDermott resigned from the board and the Audit Committee on March 28, 2024. Fisker is currently undergoing a strategic review and exploring various alternatives, including restructurings, capital markets activities, asset sales, or other strategic deals. As a result, the company has withdrawn all previously issued financial and operational guidance for 2024 and will not provide updated guidance during this period.
Riley Permian launches public stock offering
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Riley Exploration Permian, Inc. has announced a public offering of 2.1 million shares of common stock, with 700,000 shares from the company and 1.4 million shares from certain stockholders. The underwriters have a 30-day option to purchase up to 315,000 additional shares. The proceeds from the company's portion of the offering will be used for general corporate purposes, including funding a pending acquisition of 12,500 net acres in Eddy County, New Mexico. Truist Securities, Inc. and Roth Capital Partners are serving as joint book-running managers for the offering.
#RileyExplorationPermian #StockOffering #CommonStock #Underwriters #Acquisition #TruistSecurities #RothCapitalPartners
Worldline North America celebrates third consecutive certification as a Great Place To Work ®
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Worldline North America, a global leader in payments services, has been certified as a Great Place To Work for the third consecutive year. The certification is based on direct feedback from employees through a comprehensive survey. The company is dedicated to supporting team members in achieving fulfilling careers and promoting inclusivity and diversity. Employees enjoy a competitive benefits package and office amenities, and the company has a strong focus on trust, innovation, and efficiency. Worldline North America has over 150 employees in Canada and the USA.
#WorldlineNorthAmerica #GreatPlaceToWork #Certification #PaymentsServices #Employees #Inclusivity #Diversity #BenefitsPackage #OfficeAmenities #Trust #Innovation #Efficiency