(Reuters) – Emerson Electric said on Monday that its $265 per-share offer to acquire Aspen Technology was its “best and final” price. The announcement comes days after activist investor Elliott Management said it invested over $1.5 billion in Aspen, opposing the company’s decision to accept Emerson’s $7.2 billion tender offer. “Our break price is ~$202 …
Emerson says $265 per-share bid for Aspen is ‘best and final’ Read More »
By Ananya Mariam Rajesh (Reuters) – Coty on Monday cut its annual profit forecast and posted a surprise drop in quarterly revenue, as it faces slowing demand for cosmetics from consumers who have reined in spending because of inflationary worries. Shares of the CoverGirl parent fell 2% in extended trading. Demand weakness in the Asia …
Coty cuts annual profit forecast, posts quarterly revenue drop as cosmetics demand slows Read More »
MEXICO CITY (Reuters) – Mexican billionaire investor Carlos Slim said on Monday that his team is reevaluating a deal inked with state oil company Pemex to develop Mexico’s first deepwater natural gas field, a project long plagued by problems over its commercial viability. The comments support a Reuters exclusive last month which revealed that representatives …
Mexico’s Carlos Slim says ‘complicated’ deepwater gas project being evaluated Read More »
(Reuters) – Southwest Airlines said on Monday it had named Tom Doxey as its chief financial officer. The Dallas-based carrier added that the appointment would take effect from March 10. Doxey, an industry veteran, began his career in financial planning and fleet management roles at Allegiant Air and US Airways, but most recently served as …
By David Shepardson WASHINGTON (Reuters) – The Federal Aviation Administration said on Monday it is reversing a four-year-old decision to rename safety messages to pilots and reinstating the prior “Notice to Airmen” term. In December 2021, the FAA under former President Joe Biden renamed the messages “Notices to Air Missions,” commonly known as NOTAMs, saying …
FAA reinstates ‘Notice to Airmen’ pilot message name, reversing Biden decision Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The drum beat of a global trade war may be getting louder by the day, but investors have started the week seemingly prepared to ignore the noise, take their cue from the flow of solid U.S. earnings and move further out …
Morning Bid: Seeking clarity in tariff ‘fake news’ blizzard Read More »
(Reuters) – Vertex Pharmaceuticals forecast annual revenue largely above Wall Street estimates on Monday, banking on robust sales of its cystic fibrosis drugs and early contributions from a newly approved non-opioid painkiller. The drugmaker is looking to its acute pain drug, Journavx, to drive growth beyond its established line of cystic fibrosis treatments. Vertex expects …
Vertex forecasts upbeat 2025 revenue on cystic fibrosis treatments demand Read More »
By Allison Lampert and Utkarsh Shetti (Reuters) -Spirit AeroSystems expects to post higher-than-expected quarterly revenue, helped by production restarting at its biggest customer Boeing after a crippling strike, the U.S. aerospace giant said on Monday. Spirit Aero also surprised in early results by saying it generated $91 million in quarterly free cash flow, as opposed …
Spirit Aero expects quarterly revenue above estimates but finances remain fragile Read More »
By Stephen Nellis (Reuters) -U.S. semiconductor startup Groq said on Monday it has secured a $1.5 billion commitment from Saudi Arabia to expand the delivery of its advanced AI chips to the country. The Silicon Valley firm, founded by a former Alphabet AI chip engineer, is known for producing AI inference chips that optimize speed …
AI chip startup Groq secures $1.5 billion commitment from Saudi Arabia Read More »
By Michael S. Derby NEW YORK (Reuters) – The U.S. public’s near-term inflation expectations were largely stable in January, a Federal Reserve Bank of New York report found, as respondents to the survey also predicted a notable softening in future spending plans. The expected level of inflation at both the one-year and three-year ahead horizons …
NY Fed finds mostly stable inflation expectations in January Read More »
