Spirit Realty’s stock rallies on $9 billion buyout by Realty Income Corp.
Spirit Realty Capital Inc.’s stock was up by 8% on Monday after it agreed to be acquired by Realty Income Corp. in a deal that values the Dallas-based real-estate-investment company at $9.3 billion. The deal comes one trading day after Spirit Realty’s stock closed at a three-year low. Realty Income’s stock O, -5.90% was down […]
Shein acquires Missguided from Britain’s Frasers Group
Clothes displayed at the Shein headquarters in Singapore on June 19, 2023. Ore Huiying | Bloomberg | Getty Images Shein has bought British fast fashion brand Missguided from the Frasers Group as the company looks to expand its market share and global reach ahead of a rumored U.S. initial public offering, the companies announced Monday. […]
Healthpeak Properties and Physicians Realty to combine in $21 billion all-stock merger of equals
Healthpeak Properties Inc. and Physicians Realty Trust said Monday they are combining in an all-stock merger of equals valued at about $21 billion. Under the terms of the deal, each of Milwaukee-based Physicians Realty’s DOC, -0.63% shares will be converted into 0.674 of a newly issued share by Denver-based Healthpeak PEAK, -1.91%. The deal will […]
Canadian auto union initiates national strike at Stellantis
Lana Payne celebrates on stage as Unifor, Canada’s largest private sector union, announce Lana Payne as their new president to replace outgoing leader Jerry Dias in Toronto, Ontario, Canada August 10, 2022. Cole Burston | Reuters DETROIT – After reaching a tentative agreement Saturday with the United Auto Workers union, Chrysler-parent Stellantis is now facing […]
UAW-Ford deal includes $8.1B in investment, $5,000 ratification bonus
Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – Local United Auto Workers union leaders approved a tentative agreement Sunday with Ford Motor that includes $8.1 billion in new plant investments by the company, $5,000 […]
Oil falls, markets hold steady as Israel launches Gaza ground offensive
Oil futures dropped Sunday night as markets saw a calm opening following Israel’s launch of a ground offensive in Gaza that drew implied threats from Iran amid market fears of a wider conflict that could disrupt global crude supplies. Oil declined as Israel “seems to be approaching the situation with caution, which has brought a […]
McDonald’s (MCD) Q3 2023 earnings
A McDonald’s restaurant is seen in Belmont, California, on April 3, 2023. Tayfun Coskun | Anadolu Agency | Getty Images McDonald’s is expected to report its third-quarter earnings before the bell Monday. Here’s what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting: Earnings per share: $3, expected Revenue: $6.58 billion, expected […]
Qantas blames glitchy system for selling tickets for canceled flights
SYDNEY — Australian carrier Qantas Airways QAN, +0.53% said that it sold tickets for flights that it knew had been canceled because of internal systems’ shortcomings rather than for financial gain. Qantas, which faces legal action over the issue following allegations by Australia’s consumer watchdog, on Monday said that its systems had been unable to […]
Hasbro and Mattel stocks drop on poor holiday sales guidance
Game maker Hasbro Justin Sullivan | Getty Images Shares of Hasbro and Mattel sank on Thursday, as both toymakers suggested sales will slow in the fourth quarter. Hasbro’s stock closed down 12% on Thursday, while Mattel closed down 8%. The companies face challenges entering the critical fourth quarter, they said as they separately reported third-quarter […]
How to play the coming January bounce-back for 2023’s stock-market losers
Don’t be too quick to sell the stocks that have performed the worst so far this year, since they are likely to be among the U.S. market’s best performers in January. That’s because those loser stocks will be subjected to two different sources of artificial selling pressure in coming weeks, neither of which has anything […]
