J.M. Smucker Stock Sinks After Hostess Acquisition
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11Sep
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11Sep
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11Sep
Traders Beware of Potential Post-Options Expiration Swoon
News that China banned government employees from bringing iPhones into government buildings pressured markets during the holiday-shortened week. The following day, markets saw...
11Sep
Cetera to buy tax specialist firm for $1.2 billion
As the wealth management acquisition binges rolls on, Cetera Holdings on Monday morning said it was buying Avantax Inc., with close to 3,000 financial advisors who focus on clients’ taxes, for $1.2 billion in an all-cash deal. Cetera Holdings is the parent of Cetera Financial Group, a giant network...
11Sep
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11Sep
RTX to take $3 billion charge on Pratt & Whitney engine problem
Model of a Pratt & Whitney GTF engine is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Benoit Tessier | ReutersRTX said Monday that an engine manufacturing flaw forcing accelerated inspections will hit its pretax results this quarter by $3...
11Sep
Next DOL fiduciary proposal generates opposition prior to release
The Department of Labor got a taste over the weekend of the fierce opposition it will encounter as it tries again to strengthen investment advice rules for retirement accounts. Late Friday, the agency sent a proposal for review to the Office of Management and Budget that “would amend the regulatory...
11Sep
Smucker to buy Twinkie maker Hostess
Hostess Twinkies and CupCakes are displayed on a store shelf on May 17, 2021 in San Anselmo, California.Justin Sullivan | Getty ImagesJelly maker J.M. Smucker is buying Twinkie owner Hostess Brands for $5.6 billion, or $34.25 a share.Hostess shareholders will receive $30 in cash and .03002 shares of Smucker's...
11Sep
U.S. Export Import Bank working through $5 billion space pipeline
A Falcon Heavy rocket launches the Viasat-3 "Americas" satellite on May 1, 2023.SpaceXPARIS – The U.S. export credit agency is working through a $5 billion pipeline of applications related to the space industry, as companies look to fund projects in orbit in a tighter capital market.The Export-Import Bank of...
11Sep
Stocks making the biggest moves premarket: QCOM, TSLA, TWNK
Qualcomm CEO Cristiano Amon.Carlo Allegri | ReutersCheck out the companies making headlines in premarket trading Monday.Tenable Holdings — The exposure management solutions provider rose 3% before the market opened following an upgrade to overweight from neutral at JPMorgan. The bank said the company is positioned to see better business...