Author: Bella Hayes
(Reuters) – The U.S. Federal Trade Commission has prepared a lawsuit against Deere & Co (NYSE:) alleging the company’s agricultural equipment repair practices violate competition laws, Bloomberg News reported on Tuesday, citing people familiar with the matter. The report also said the FTC was prepared to file the case as soon as this week, over concerns that the farm equipment maker had withheld key information and diagnostic tools from farmers and independent repair shops. The FTC’s commissioners have not taken a final vote on whether to file a case, according to the report. Deere and the FTC did not immediately…
Stacy Hock, a director and member of the 10% owner group at Atlas (NYSE:) Energy Solutions Inc. (NYSE:AESI), has recently sold 10,000 shares of the company. The transaction, executed on January 10, 2025, was carried out under a pre-arranged trading plan. Atlas Energy, with a market capitalization of $2.39 billion, has demonstrated strong performance with revenue growth of nearly 49% over the last twelve months. The shares were sold at a weighted average price of $21.96, with prices ranging from $21.67 to $22.47. Following this sale, Stacy and Joel Hock jointly own 907,604 shares, maintaining their significant stake in the…
Investing.com — Vericel (NASDAQ:) Corporation shares fell 11% after market close as the company reported preliminary total revenue for the fourth quarter that did not meet the average analyst estimate. The biopharmaceutical company’s preliminary total revenue fell between $75.2 million and $75.7 million, falling short of the estimated $77.9 million, according to the Bloomberg Consensus. The company’s MACI (matrix-induced autologous chondrocyte implant) net revenue was within the range of $68.2 million to $68.7 million, slightly surpassing the estimate of $68.1 million. However, the preliminary Epicel (cultured epidermal autografts) net revenue was about $6 million, which was lower than the estimated…
WELLESLEY, Mass., Jan. 14, 2025 /PRNewswire/ — Sun Life (TSX:) U.S. has been named a Top Place to Work by the Boston Globe, through employee survey company Energage. With several consecutive years of recognition in Boston, Hartford and nationally, as well as newer recognition in Milwaukee and Kansas City, Sun Life has established itself as an employer of choice around the country. The Top Workplaces recognition is based on employee survey results and information about the company’s employee programming. “Culture has become our superpower “ it fuels higher levels of employee engagement, and also keeps people committed to and enthusiastic…
Investing.com — Microsoft (NASDAQ:)’s U.S. consulting division plans to halt hiring, CNBC reported on Tuesday, citing an internal memo, as the tech giant seeks to control expenses. This move follows last week’s announcement of layoffs affecting less than 1% of the company’s workforce. The changes in the consulting division align with the policies of the Microsoft Customer and Partner Solutions organization, the report said, adding that the organization, boasting around 60,000 employees, has implemented these changes for the rest of the fiscal year 2025, which ends in June. The memo also directs employees to avoid expensing travel for internal meetings,…
VALENCIA, Calif., Jan. 14, 2025 /PRNewswire/ — Cunard is proud to announce the fleet-wide rollout of its holistic Harper’s Bazaar Wellness at Sea (NYSE:) programs, a collaboration with the iconic lifestyle magazine. Launching this January, guests traveling on flagship Queen Mary 2, Queen Elizabeth, and Queen Victoria will be able to enjoy these curated wellness experiences, designed to help travelers feel revitalized and recharged as they journey to extraordinary destinations. Each exclusive three-day program “ Relax, Recover, or Energize “ has been carefully crafted to meet individual wellness goals. Priced at $629 per guest, the packages include: a tailored selection…
By Eduardo Baptista, Katie Paul and Krystal Hu (Reuters) – New users have piled in to Chinese social media app RedNote just days before a proposed U.S. ban on the popular social media app TikTok, as the lesser-known company rushes to capitalize on the sudden influx while walking a delicate line of moderating English-language content, sources told Reuters. In a live chat dubbed “TikTok Refugees” on RedNote on Monday, more than 50,000 American and Chinese users joined the room. Veteran Chinese users, with some sense of bewilderment, welcomed their American counterparts and swapped notes with them on topics like food and…
Cullinan Oncology LLC (CGEM) stock has reached a 52-week low, trading at $9.96 . With a market capitalization of $593 million, the company maintains a strong liquidity position, reflected in its impressive current ratio of 24.46. This latest price point marks a significant dip for the biopharmaceutical company, which specializes in developing a diversified pipeline of targeted oncology and immuno-oncology treatments. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with several additional indicators available to subscribers. Over the past year, CGEM has experienced a downward trend, with a 1-year change showing a decline of -4.53%. The…
Firm co-founded by Christian von Schimmelmann, formerly Global Co-Head of the GP Stakes Business at Goldman Sachs (NYSE:) Asset Management, and Brian Vickery, formerly Partner at McKinsey & Company NEW YORK–(BUSINESS WIRE)–PACT Capital LLC (PACT or PACT Capital Partners (WA:)) launched today as an independent investment firm focused on providing capital and strategic support to middle-market alternative asset managers. PACT will seek to partner with high-performing private capital firms and help them to achieve their strategic objectives. Headquartered in New York, PACT will utilize its proprietary imPACT platform to assist established and emerging firms in accelerating capital formation, designing and…
Investing.com — U.S. President-elect Donald Trump announced on Tuesday his plans to establish a new department, the External Revenue Service, tasked with collecting tariffs, duties, and all other forms of revenue from foreign sources. The creation of the department is scheduled for January 20, the day Trump will be inaugurated for his second term as president. In a social media post on Truth Social, Trump criticized what he termed as “soft and pathetically weak Trade agreements,” arguing that they have contributed to global growth and prosperity at the expense of the American economy. The president-elect expressed his intent to change…
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