Financial News · Live Terminal

Page 50 of 355

Wallbox Secures $12.1 Million in Funds Through Canadian Clean Fuel Program; Shares Up Pre-Bell

Wallbox (WBX) said Thursday it received about 10.5 million euros ($12.1 million) in funds through Canada's clean fuel credit framework for 2025.The funds were generated through eligible electric vehicle charging activity across its AC chargers in Canada, the company said.Under Canada's clean fuel regulation, charging sessions that displace fossil fuels can generate credits linked to reducing transport-related emissions.In line with the requirements for the program, funds received will be reinvested in the region through incentives and initiatives designed to accelerate EV adoption, Wallbox said.Shares of Wallbox rose more than 12% in recent pre-bell activity Thursday.Price: $3.10, Change: $+0.36, Percent Change: +12.36%

$WBX

Wire15d ago

PureCycle Prices Concurrent Debt, Equity Offerings

PureCycle Technologies (PCT) said Thursday it priced simultaneous public offerings of debt and equity to generate $395 million in total gross proceeds.The transaction includes $250 million in 4.75% convertible senior notes due in 2032, along with roughly 17.7 million common shares sold at $8.21 each, the company said.Underwriters were also granted options to buy an additional $37.5 million in notes and around 2.3 shares, it said.The company intends to settle the offerings on Monday and proceeds to repurchase $216 million of outstanding green convertible notes, PureCycle said.Shares of the company were down over 14% in Thursday premarket activity.Price: $8.49, Change: $-1.39, Percent Change: -14.08%

$PCT

Wire15d ago

Update: Southern Cross Media Group to Cut Up to 300 Jobs; Downgrades Fiscal 2026 Guidance; Shares Down 4%

(Updates to add stock movement in the headline and last paragraph)Southern Cross Media Group (ASX:SXL) said it will cut between 250 and 300 full-time roles before June 30 as part of cost reduction program, resulting in fiscal 2026 restructuring charges of around AU$20 million, according to a Thursday filing with the Australian bourse.The program seeks to eliminate duplication, streamline and automate processes, and place a greater focus on content acquisition, per the filing. It is expected to yield annual run rate benefits of AU$145 million to AU$150 million at its conclusion.Additionally, Southern Cross Media now expects fiscal 2026 revenue of AU$1.86 billion to AU$1.87 billion, down from a previous guidance range of AU$1.91 billion to AU$1.92 billion. The company also lowered its outlook for underlying earnings before interest, taxes, depreciation, and amortization for the fiscal year to between AU$185 million and AU$190 million from AU$200 million to AU$220 million previously.The new guidance comes as market conditions have worsened significantly more than expected through the fiscal fourth quarter, especially within the TV segment, the company said.Meanwhile, Southern Cross Media has revised downwards the expected direct and indirect benefits from a range of its legacy TV content contracts. The move will result in a fiscal 2026 onerous contract provision of AU$65 million to AU$70 million, with effect from the date of the company's merger with Seven West Media.Southern Cross Media Group is scheduled to report fiscal-year results on Aug. 11.The company's shares fell past 4% in recent Thursday trade.

ASX:SXL

Wire15d ago

Lendlease Group Reaffirms IDC Business Fiscal 2026 Earnings Guidance; Shares Jump 3%

Lendlease Group (ASX:LLC) said its fiscal 2026 earnings per security guidance for the IDC business was maintained at AU$0.28 to AU$0.34 per share, subject to targeted completions in the fiscal year, according to a Thursday Australian bourse filing.Following AU$4.7 billion of new Australian projects secured in the half year, the Group is working to unlock over AU$10 billion of balance sheet positions at Rozelle Bay, Sydney, and the Brisbane Athlete Village.New work secured for construction in fiscal 2026 is expected to be around AU$6.5 billion, supported by social infrastructure, defense, transport, and data centers, the company said. Backlog revenue as of June 30 is expected to be around AU$8 billion, supporting earnings momentum into fiscal 2027.The company's asset recycling program continues to progress with a number of well-advanced transactions now likely to be completed in early fiscal 2027, per the filing. Due to the timing of transactions and more challenging market conditions, underlying group gearing in fiscal 2026 is anticipated to be in the mid-30% range.Lendlease Group's shares rose past 3% in recent trading on Thursday.

ASX:LLC

Wire15d ago

Oxford Industries Fiscal Q1 Adjusted Earnings, Revenue Fall; Q2 Guidance Set

Oxford Industries (OXM) reported fiscal Q1 adjusted earnings late Wednesday of $1.39 per diluted share, down from $1.82 a year earlier.Analyst surveyed by FactSet expected $1.29.Revenue for the three months ended May 2 was $391.4 million, down from $392.9 million a year earlier.Analysts expected $391.8 million.For fiscal Q2, the company expects adjusted EPS of $1.20 to $1.40 on revenue of $380 million to $400 million. Analysts expect EPS of $1.46 on revenue of $413.9 million.For the full-year fiscal 2026, the company now expects adjusted EPS of $2.30 to $2.70 on revenue of $1.48 billion to $1.51 billion. Analysts expect EPS of $2.43 on revenue of $1.51 billion.Shares of the company were down over 12% during the after-hours.

$OXM

Wire15d ago

PureCycle Starts $250 Million Convertible Notes Offering, $145 Million Stock Sale

PureCycle Technologies (PCT) said late Wednesday it launched public offerings of $250 million of convertible senior notes due 2032 and $145 million of common shares.The company will grant underwriters 30-day overallotment options to buy up to an additional $37.5 million of the notes and $18.75 million of the shares.Net proceeds will be used to repurchase a portion of PureCycle's 7.25% green convertible notes due 2030, buy back additional green notes, and for general corporate purposes.PureCycle shares fell 11% in after-hours trading.

$PCT

Wire15d ago

Humacyte Says ATEV Met Late-Stage Study Endpoint in Interim Analysis, Launches Public Offering; Shares Fall

Humacyte (HUMA) said Wednesday that its bioengineered blood vessel, the acellular tissue engineered vessel, or ATEV, met the primary endpoint in a late-stage study of female patients requiring dialysis access.In the interim analysis of the study, the first 80 patients who received ATEV had an average of 91 more catheter-free days than patients who received the current standard of care, an autologous arteriovenous fistula, according to a statement.The company said it plans to file a supplemental biologic license application with the US Food and Drug Administration in the second half of the year.The biotechnology company has also launched a public offering of common stock to fund the commercialization of Symvess, the filing of a Biologics License Application supplement for a hemodialysis indication, and the development of product candidates in its pipeline.Underwriters are expected to have a 30-day option to buy up to an additional 15% of the shares offered, it said.Shares of the company fell over 11% in after-hours trading.

$HUMA

Wire15d ago

Top Cryptocurrencies Decline; Bitcoin Holds Above $61,000

Top cryptocurrencies fell Wednesday, with Bitcoin (BTC-USD) lower but holding above $61,000.The Nasdaq 100 fell 1.7%, the S&P 500 declined 1.4%, and the Dow Jones Industrial Average decreased 1.6%.Bitcoin fell 0.3% to $61,875, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 27.8% to $28.42 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, dropped 1.6% to $1,627.XRP (XRP-USD) fell 3.9%, BNB (BNB-USD) shed 1.4%, and Solana (SOL-USD) lost 2.9%. Dogecoin (DOGE-USD) dropped 2.4%, and Cardano (ADA-USD) decreased 4.1%.The US 10-year Treasury yield stood at 4.540% at 3 p.m. ET Wednesday, up from 4.524% Tuesday, while the five-year yield rose to 4.262% from 4.251%.The total market value of the cryptocurrency industry fell 0.4% in the past 24 hours to $2.12 trillion, and trading volume decreasing 19.1% to $74.16 billion.Price: $61945.99, Change: $+273.79, Percent Change: +0.44%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

Wire15d ago

Cosmos Health Unit Signs 3-Year Manufacturing Deal With Verisfield

Cosmos Health's (COSM) Cana Laboratories signed a three-year contract manufacturing agreement with Verisfield for 3.9 million units of VASCLOR GEST progesterone pessaries.The deal adds a new customer and expands Cana's women's-health manufacturing portfolio. Cosmos said Wednesday in a statement.Financial terms weren't disclosed.Price: $0.23, Change: $+0.01, Percent Change: +2.87%

$COSM

Wire15d ago

J.M. Smucker's EPS Outlook Offset by Weaker Sales Guidance, UBS Says

J.M. Smucker (SJM) may see a mixed investor reaction to its fiscal 2027 outlook, with UBS Securities saying stronger earnings guidance was offset by weaker-than-expected net sales guidance.The company projected fiscal 2027 adjusted EPS of $9.75 to $10.25, above consensus expectations, while forecasting a 3% to 4% decline in net sales, below both UBS estimates and Street forecasts, the brokerage said.UBS said in a note Tuesday that investors are likely to focus on how much conservatism is embedded in the company's net sales outlook, particularly as management expects a stronger first-quarter start with flat sales and mid-teens adjusted EPS growth.The investment firm said the quarter itself was solid, with stronger organic sales and lower SG&A offsetting slightly weaker gross margins, while noting that questions around the company's top-line outlook could drive a mixed near-term reaction.UBS has a buy rating and a $121 price target on the stock.Shares of J.M. Smucker were up 3.8% in Wednesday afternoon trading.Price: $116.68, Change: $+4.29, Percent Change: +3.82%

$SJM

Wire15d ago

Devon Energy Shares Rise After Evercore ISI Upgrade

Devon Energy (DVN) shares rose 6.1% in Wednesday trading after Evercore ISI upgraded the stock to outperform from in line with a $54 price target.Intraday volume topped 12.2 million shares, compared with the daily average of 15.5 million.Price: $46.75, Change: $+2.68, Percent Change: +6.07%

$DVN

Wire15d ago

Western Midstream Shares Rise After Morgan Stanley Upgrade

Western Midstream Partners (WES) shares were up more than 3% in Wednesday trading after Morgan Stanley upgraded the stock to equal weight from underweight.Trading volume stood at more than 586,000 shares, compared with a daily average of roughly 1.5 million.Price: $44.86, Change: $+1.36, Percent Change: +3.11%

$WES

Wire15d ago

Visa Introduces New AI, Stablecoin, Token Capabilities

Visa (V) introduced new artificial intelligence, stablecoin and token capabilities at the Visa Payments Forum conference, the company said Wednesday.Visa is partnering with AI platforms to ensure agent-initiated transactions are transparent and trusted, and has introduced improvements to its tokens to bring more data, context and assurance into the credentials used in digital commerce, it said.Additionally, Visa will build the technology layer that enables banks to turn traditional deposits into programmable, always-on digital money, the company said, adding that it is expanding stablecoin settlement pilots across multiple regions, blockchains and currencies.Price: $324.76, Change: $-0.29, Percent Change: -0.09%

Wire15d ago

Stephens Raises APA Price Target to $47 From $43

APA (APA) has an average rating of hold and mean price target of $43.78, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $38.09, Change: $+1.48, Percent Change: +4.04%

$APA

Wire15d ago

L3Harris Technologies Wins Army Contract for Counter-Drone Systems

L3Harris Technologies (LHX) said Wednesday it has been selected by the US Army to deliver counter-drone systems to support urgent defense against drone threats, with the order valued at up to $106 million.The Army's order is part of the US' layered counter-unmanned systems defense approach, according to a statement.Price: $305.86, Change: $-2.31, Percent Change: -0.75%

$LHX

Wire15d ago

Market Chatter: Lucid Senior Executive Emad Dlala Leaves Firm

Lucid Group's (LCID) Emad Dlala, senior vice president of engineering and digital, has left the company, TechCrunch reported Wednesday.Dlala's exit is the first major executive departure since the company appointed Silvio Napoli as its chief executive officer in April, according to the report.Lucid did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $4.84, Change: $-0.32, Percent Change: -6.12%

$LCID

Wire15d ago

Update: Uber Sues New York City Over Law Restricting Driver Deactivations

(Updates with statement from Uber in fourth paragraph.)Uber Technologies (UBER) has sued New York City to block a new law that it says violates its constitutional rights by limiting its ability to deactivate drivers under its standards and policies, according to a complaint filed Tuesday in the US District Court for the Southern District of New York.New York City's Local Law 52 of 2026 on "wrongful deactivations," which takes effect on July 28, would "force Uber to keep drivers on its platform even if Uber has determined that they have violated its standards, agreements, and policies," according to the complaint. The company is seeking preliminary and permanent injunctive relief to block the law.Uber said in the complaint that if the law takes effect, it would "impair Uber's contracts, compel the communication and disclosure of sensitive and protected information that Uber would not otherwise provide," and could lead to reputational harm and loss of business and goodwill.An Uber spokesperson toldthat the legal action aims to block a "reckless" new law that would limit the company's ability to immediately remove potentially dangerous drivers and fraudsters from its platform, calling it an "immediate threat to public safety."Price: $69.15, Change: $-1.24, Percent Change: -1.75%

$UBER

Wire15d ago

Market Chatter: Ant Group's Global Unit Weighs $1 Billion Fundraising

Alibaba Group (BABA) co-founder Jack Ma-backed Ant Group's international unit is exploring raising approximately $1 billion in fresh capital, Bloomberg reported Wednesday, citing people familiar with the matter.The funding round could value Ant International at $10 billion or more and potentially pave the way for a Hong Kong listing as soon as this year, the report said.The unit has reportedly sounded out interest from investors including General Atlantic and Silver Lake, according to the report.Ant International did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $115.96, Change: $-3.74, Percent Change: -3.12%

$BABA

Wire15d ago

RenaissanceRe Shares Rise After Citigroup Upgrade

RenaissanceRe (RNR) shares rose 4.2% in Wednesday afternoon trading after Citigroup upgraded the stock to buy from neutral and raised the price target to $345 from $335.Trading volume stood at about 421,000 shares, compared with a daily average of over 345,000.Price: $294.51, Change: $+11.77, Percent Change: +4.16%

$RNR

Wire15d ago

Illinois Tool Works Unit Expands Copilot Family With Two New Products

Illinois Tool Works' (ITW) wholly-owned subsidiary, Miller Electric Manufacturing, said Wednesday it expanded its Copilot family with two new product variations, Copilot Builder with FANUC CRX-30 and Copilot with XR-AlumaPro CB torch.The additions build on the Copilot platform's aim of making robotic welding easier to adopt, more flexible to configure and capable of scaling with evolving production needs.Copilot Builder with FANUC CRX-30 is designed for customers handling larger weldments, particularly those already using FANUC robotics and seeking standardization across operations. The Copilot with XR-AlumaPro CB torch is designed for aluminum welding applications and features a push-pull torch system intended to improve wire feeding consistency.Price: $252.30, Change: $-4.25, Percent Change: -1.66%

$ITW

Showing 981-1000 of 7082