U.K. housebuilder Barratt Developments agrees to buy peer Redrow for $3.2 billion.
Barratt Developments BDEV, -7.83% has agreed to buy smaller housebuilder Redrow RDW, +12.33% for 2.52 billion pounds ($3.17 billion) in an all-share deal. Under the agreement accepting shareholders of FTSE 250 listed Redrow will get 1.44 new Barratt shares for each share held. The offer value is a 27% premium to Redrow’s closing price of […]
Chipotle Mexican Grill (CMG) Q4 2023 earnings
People visit a Chipotle restaurant in Miami on Feb. 9, 2022. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday posted quarterly earnings and revenue that beat analysts’ expectations as more customers visited its restaurants. Shares of the company rose more than 2% in extended trading. Here’s what the company reported compared with what […]
Moody’s cuts New York Community Bancorp’s credit rating to junk
Moody’s Investors Services downgraded New York Community Bancorp’s credit rating by two grades, to “junk,” late Tuesday. NYCB is facing “financial, risk-management and governance challenges,” Moody’s said, adding that it could downgrade the company’s rating even further if conditions deteriorate.
Ford reassessing EV plans, including vertical battery integration
A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022. Michael Nagle | Bloomberg | Getty Images DETROIT — Ford Motor is rethinking its electric vehicle strategies, including “reassessing” the need for vertical integration of batteries, CEO Jim Farley said Tuesday. […]
ESPN, Fox, Warner Bros. to launch joint sports streaming platform
A FOX Sports TV camera operator during the week 5 NFL game between the Atlanta Falcons and the Carolina Panthers at Mercedes-Benz Stadium on October 11, 2020 in Atlanta, Georgia. David J. Griffin | Icon Sportswire | Getty Images Walt Disney‘s ESPN, Fox and Warner Bros. Discovery plan to launch a joint sports streaming service […]
Disney, Fox and Warner Bros. team up to launch new sports streaming service
Walt Disney Co.’s ESPN, Fox Corp. and Warner Bros. Discovery Inc. are teaming to create a joint sports streaming service. The as-yet unnamed service, which could be available as early as the fall and offer a sort of Hulu model for sports, comes amid an explosion in sports-streaming rights and audiences. The service would essentially […]
Bolts appeared missing from Alaska Air plane
In this photo released by the National Transportation Safety Board, investigator-in-charge John Lovell examines the fuselage plug area of Alaska Airlines Flight 1282 in Portland, Oregon, on Jan. 7, 2024. National Transportation Safety Board via AP Bolts appeared to have been missing from a door plug that blew out midair on Boeing 737 Max 9 […]
Spirit AeroSystems to start addressing ‘human factors’ in Boeing 737 production
Shares of Spirit AeroSystems Holdings Inc. seesawed to a gain Tuesday, after the aircraft-components maker reported a surprise fourth-quarter profit, but Chief Executive Pat Shanahan focused his comments on steps taken after the Jan. 5 incident on a Boeing 737 Max 9. Shanahan said since the incident, the focus of the company SPR, +5.20% has […]
GE Healthcare beats fourth-quarter earnings estimates to offset profit guidance
GE HealthCare Technologies Inc.’s stock rose 1.9% early Tuesday, after the company posted better-than-expected profit and revenue for the fourth quarter, offsetting soft profit guidance for 2024. GE HealthCare GEHC, -0.68%, which was spun out of General Electric Co. GE, +0.86% in January of 2023 and houses its medical device business, posted net income of […]
Eli Lilly (LLY) earnings Q4 2023
Eli Lilly logo is shown on one of the company’s offices in San Diego, California, U.S., September 17, 2020. Mike Blake | Reuters Eli Lilly on Tuesday reported fourth-quarter revenue and adjusted earnings that topped expectations on the strong launch of its new weight loss drug, Zepbound, and higher prices for its blockbuster diabetes drug, Mounjaro. […]
