Check out the companies making headlines in midday trading. Rover Group — Shares of the online marketplace for pet care advanced 28% after Rover on Wednesday said it agreed to be acquired by Blackstone in a $2.3 billion deal. The transaction is set to close in the first quarter...
The Cigna Group headquarters in Bloomfield, Connecticut, US, on Friday, Oct. 27, 2023. BlooJoe Buglewicz | Bloomberg | Getty ImagesShares of Cigna slid on Wednesday after a report that the company is in talks with Humana about a merger between the two health care giants.Spokespeople for Cigna and Humana did...
Nashville is seeing an unprecedented surge in luxury hotels, with renowned brands such as the Four Seasons Hotel, the W Hotel and the Grand Hyatt opening their doors in Music City.More than 90 new hotels have been constructed in Nashville since 2013, contributing more than 14,000 rooms to the...
Prince's Hot ChickenCourtesy: Prince's Hot ChickenNashville hot chicken had its humble beginnings nearly a century ago. Now, the specialty chicken style is a national phenomenon.The Tennessee city has numerous hot chicken restaurants competing for the top spot, as both locals and tourists flock to get a taste of the dish....
Charlie Munger's many decades of investing featured too many winning trades to count, but there were some moves that he was touting even in his late 90s that continued to pay off. Munger's wins came not only at Berkshire Hathaway alongside Warren Buffett , but also at another holding...
Chairman and C.E.O. of JPMorgan Chase & Co. Jaime Dimon speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Wednesday that his bank would exit China if the U.S. government ordered...
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesGeneral Motors expects new labor contracts with the United Auto Workers and Canadian union Unifor to increase its costs by $9.3 billion and add approximately $575 in...
Shares of Foot Locker rose on Wednesday after the company posted surprise earnings and sales beats and said it saw strong results over Thanksgiving weekend.The sneaker and sportswear retailer narrowed its full-year forecast, reflecting slightly better sales trends. It said it now expects sales to drop by 8% to...
The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of a better than expected business investment and stronger government spending, the Commerce Department reported Wednesday.Gross domestic product, a measure of all goods and services produced during the three-month period, accelerated...
Check out the companies making headlines before the bell. Toyota — The stock added 1.3% before the bell upon news that the automaker planned to reduce its holdings in automotive components manufacturer Denso to 20% from more than 24%. Toyota plans to redirect this capital to improve its efforts...