© Reuters. LOS ANGELES – Guess?, Inc. (NYSE: GES) has announced the exchange of approximately $67.1 million in principal amount of its 2.00% convertible senior notes due in 2024 for roughly $64.8 million in principal amount of 3.75% convertible senior notes due in 2028. This transaction, expected to close around January 10, 2024, is part […]
AM Best places TRUE A- rating under review after Gallatin Point investment Re-Insurance.com Read the full article…
It’s been a bumpy first week of the year for travel stocks. Airline and cruise operators rebounded for a second day in a row on Friday, a reversal from the prior two sessions. American Airlines (AAL) gained more than 3% midday, adding to Thursday’s 1% gain when oil prices dipped, signaling lower fuel costs for […]
The crypto community is abuzz with speculation over the imminent approval of multiple spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) as soon as Friday. Tweets and hints from key figures in the industry, including one from TechCrunch reporter Jacquelyn Melinek, have fueled this speculation. Crypto Community Buzzing with Speculation of Approval […]
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Last year saw regulators attempt to bring greater clarity, transparency and probity around the use of terms such as ‘environmental, social and governance (ESG)’ and ‘green’. This is how it played out. In January 2023, the UK’s Competition and Markets Authority announced plans help it to better understand how consumer protection legislation could be used to tackle misleading […]
The digital currency ecosystem was riled by the false update from Matrixport that the United States Securities and Exchange Commission (SEC) is likely to deny all spot Bitcoin ETF applications in contrary to popular beliefs this month. Should the market regulator choose to deny these applications, top crypto lawyer MetaLawMan has predicted the legal implications […]
© Reuters. Stellantis (STLA) slumps amid market challenges Stellantis (NYSE:), the parent company of Jeep, is trending down more than 3% during mid-day trading on Wednesday, reflecting a downturn in vehicle sales. Financial experts at Equita have identified Stellantis as “among the worst performers in the automobile sector,” citing disappointing year-over-year sales comparisons. According to […]
Roctool announces that it has signed an agreement with ENRX for the latter to invest two million euros in Roctool’s capital, at a price of 1.80 euros per share, giving ENRX a 17.47% stake in the molding technology specialist. The acquisition of ENRX’s stake and the appointment of a representative to Roctool’s Board of Directors […]
