(Reuters) – U.S. railroad operator CSX Corp posted better-than-expected quarterly profit and revenue on Thursday, as higher shipment rates had helped offset the impact of a 1% drop in volumes. Shares of the Jacksonville, Florida-based company were up about 3% in extended trading. Railroad operators had been struggling to move cargo on time due to …
CSX quarterly results beat estimates on higher freight rates Read More »
(Reuters) – Lordstown Motors Corp said on Thursday it has received a delisting notice from Nasdaq and is evaluating actions including a reverse stock split to meet the minimum bid price requirement set by the exchange. The company received the notice because the closing bid price for the electric-truck maker’s class A common stock fell …
Lordstown Motors gets Nasdaq delisting notice, explores reverse stock split Read More »
(Reuters) – PPG Industries Inc on Thursday surpassed street estimates, as the industrial coatings supplier accelerated its margin recovery on the back of higher prices and sales volumes, and forecast better-than-expected full-year 2023 earnings. The reopening of the Chinese economy after pandemic-induced lockdowns boosted demand for coatings used in aerospace and automotive original equipment manufacturers …
PPG Industries exceeds profit expectations, forecasts strong FY earnings Read More »
By Jonathan Stempel NEW YORK (Reuters) – Paramount Global has filed a countersuit against Warner Bros Discovery Inc over the rights to stream “South Park,” the popular animated comedy featuring foul-mouthed children. In a Wednesday night filing in a New York state court in Manhattan, Paramount is seeking to collect more than $52 million of …
Paramount countersues Warner Bros Discovery over ‘South Park’ streaming rights Read More »
(Reuters) -Residential solar company Sunnova Energy International on Thursday said the U.S. government would provide a partial loan guarantee of up to $3 billion to back financing for its rooftop solar systems. Shares of the company soared 15% following the announcement to $18.19 in afternoon trading. By lowering the cost of solar financing for up …
US commits to $3 billion loan guarantee for Sunnova to expand solar access Read More »
By Joe Skipper and Steve Gorman BOCA CHICA, Texas (Reuters) -SpaceX’s next-generation Starship spacecraft exploded minutes after liftoff in an uncrewed test flight from South Texas on Thursday, cutting short a key step in Elon Musk’s development of a rocket vessel to eventually take humans to the moon and Mars. The flight test was the …
Elon Musk’s Starship explodes minutes after first test flight’s liftoff Read More »
By Kirstin Ridley LONDON (Reuters) – Investors in the failed equity income fund run by fallen star stock picker Neil Woodford have been offered up to 235 million pounds ($292 million) in redress after a British regulatory investigation. The Financial Conduct Authority (FCA) said late on Wednesday that Link Fund Solutions (LFS), once the authorised …
Woodford investors offered up to $292 million over fund failure Read More »
By Jack Queen (Reuters) – Fox News on Tuesday disposed of one legal threat with its $787.5 million defamation settlement with Dominion Voting Systems, but the network still faces a $2.7 billion lawsuit from another voting technology company, Smartmatic USA, over its coverage of debunked election-rigging claims. Dominion accused Fox and its parent company Fox …
Fox resolves Dominion case, but $2.7 billion Smartmatic lawsuit looms Read More »
By Chavi Mehta (Reuters) -IBM Corp beat Wall Street expectations for first-quarter profit on Wednesday and signaled demand for IT services was better than feared, sending shares up 3.5% after the bell. The company’s software and consulting businesses rose 6% and 8.2%, respectively, at constant currency in the first quarter, in line with IBM’s targets. …
IBM beats first-quarter profit estimates, signals demand holding up Read More »
By Helen Coster (Reuters) – Dominion Voting Systems’ defamation lawsuit against Fox, which resulted in Tuesday’s $787.5 million settlement, is part of a broader legal campaign by the company to seek accountability from companies and individuals whom it claims have spread falsehoods about its technology. MIKE LINDELL Dominion in February 2021 filed a $1.3 billion …
Factbox-Fox case just one front in Dominion’s larger legal battle Read More »
