Darden Restaurants, Inc. (DRI) announced Wednesday a definitive merger agreement to acquire Ruth’s Hospitality Group, Inc. (RUTH) in an all-cash transaction with an equity value of around $715 million. In pre-market activity on Nasdaq, Ruth’s […]
DuPont Q1 Profit Down, Cuts FY23 View; To Buy Spectrum Plastics; Stock Down In Premarket
DuPont De Nemours & Co. (DD) reported Tuesday that its first-quarter profit declined from last year with weak net sales. Further, the company projects sequentially flat adjusted earnings and net sales in the second quarter. […]
Assertio Holdings To Acquire Spectrum Pharmaceuticals; ASRT Stock Tumble In Pre-market
Assertio Holdings, Inc. (ASRT), a specialty pharmaceutical firm, and Spectrum Pharmaceuticals, Inc. (SPPI), announced on Tuesday that they have agreed for Assertio to buy Spectrum in an all-stock and contingent value rights transaction. Following the […]
WPP Buys Data-driven Influencer Marketing Agency Goat; Financial Terms Not Disclosed
British mass media firm WPP Group Plc (WPP.L,WPPGY) Wednesday announced the acquisition of Goat, an influencer marketing agency. The financial terms of the deal were not disclosed. Goat, founded by Arron Shepherd, Nick Cooke, and […]
Bridge Investment To Buy Newbury Partners In $320.1 Mln Cash Deal
Real estate investment manager Bridge Investment Group Holdings Inc. (BRDG) announced Tuesday its agreement to acquire substantially all of the business of Newbury Partners LLC, an investment manager. The all-cash transaction is valued at $320.1 […]
EV drivers struggle to find charging stations
video NYC needs 50K EV chargers to successfully phase out gas-powered cars FOX Business correspondent Jeff Flock reports on New York City’s electric vehicle charger shortage amid the state’s decision to ban gas-powered cars by […]
San Diego plotting to tax drivers 'into submission' with new highway mileage toll
video San Diego paves way for highway mileage tax San Diego County Supervisor Jim Desmond voices opposition against the California county’s plan to tax highway drivers for every mile with a new tolling system. As […]
States attempt to help Americans facing rising energy costs
video US energy needs to be ‘affordable, reliable and cleaner’: Chevron CEO Mike Wirth Chevron Chairman and CEO Mike Wirth discussed the oil company’s growth outlook and Biden’s energy agenda on ‘Mornings with Maria.’ State […]
US scientists make major breakthrough in ‘limitless, zero-carbon’ fusion energy: report
video How is the UN looking to help poor countries fight climate change? Former Trump adviser Christian Whiton discusses COP27’s proposal to aid poor nations in combating climate change and natural disasters on ‘Fox Business […]
Keystone oil spill could tighten US Gulf crude stocks
video Canceling Keystone pipeline was ‘foolishness’ amid record-high gas prices: Rep. Wittman Rep. Rob Wittman, R-Va., argues the U.S. could be importing oil directly from ‘our friends’ in Canada if the Keystone XL Pipeline wasn’t […]