London's FTSE 100 fell on Wednesday and was headed for its second monthly decline in six as growing economic uncertainty due to the COVID-19 pandemic as well as Brexit subdued risk appetite.
(RTTNews) - William Hill plc (WMH.L), Caesars Entertainment, Inc. and Caesars UK Holdings, a subsidiary of Caesars, have reached agreement on the terms of a recommended cash acquisition pursuant to which Caesars UK shall acquire the entire issued and to be issued share capital o
British Prime Minister Boris Johnson will hold a news conference on COVID-19 on Wednesday as he grapples with a swiftly spreading second wave of the novel coronavirus outbreak and growing anger in his own party over restrictions imposed on citizens.
New Zealand Rugby continued to insist on Wednesday the SANZAAR alliance governing southern hemisphere rugby was still healthy even after South Africa ditched Super Rugby tournament after 25 years and fired a farewell shot blaming their colleagues in Wellington.
(RTTNews) - Oasis Petroleum Inc. (OAS) said the company and certain of affiliates filed voluntary petitions for reorganization under Chapter 11. The company plans to reduce total indebtedness by $1.8 billion. Upon emergence, the company expects to have approximately $340 million
Despite over a 30% decline in Rite Aid stock (NYSE:RAD) since the beginning of this year, at the current price of $10 per share, we believe Rite Aid stock has significant upside. Why is that? The key is Rite Aid’s stock is still roughly 30% lower than it was at the beginning
Despite almost a 40% decline in Walgreens Boots Alliance’s stock (NASDAQ:WBA) since the beginning of this year, at the current price of around $35 per share, we believe Walgreens has a significant upside. Why is that? The key is Walgreens’ stock is still 47% lower than it
Darden Restaurants (NYSE:DRI) jumped more than 10% last week, thanks to better than expected earnings. The restaurant industry has suffered this year due to lockdown measures, forcing it to invest in different delivery models such as curbside and home delivery services. And th
Fluor Corporation (NYSE:FLR) jumped more than 10% in the last 5 trading days, and was only one of the very few stocks to do so. Does it mean that you should jump on the bandwagon? What are the chances that the momentum will continue over the next month, 6 months, or a year? Tu
There is a 40% upside potential from a recovery in Sirius XM stock (NASDAQ: SIRI) from $5.13 currently to its pre-crisis levels. Sirius XM’s stock traded at a pre-Covid high of $7.31 in February and is currently 30% below this peak level. However, SIRI stock has gained 14%
Microchip Technology stock (NASDAQ: MCHP) is down around 5% since the beginning of this year, but at the current price of around $98 per share, we believe that Microchip stock could see more downside.
U.S. equity futures fell and safer assets like the yen and dollar found buyers on Wednesday after a chaotic first U.S. presidential debate turned investors cautious, though strong factory surveys gave a boost to Chinese shares.
(RTTNews) - European stocks are likely to open lower on Wednesday as a chaotic first U.S. presidential debate between President Donald Trump and Democrat Joe Biden weighs on the mood.
The Australian and New Zealand dollars were poised for their first monthly loss since March on Wednesday, as expectations of further monetary policy easing in the two countries and fears of a slower global economic recovery hurt risk appetite.
The yuan inched up against the dollar on Wednesday, underpinned by upbeat manufacturing data, with the Chinese unit on course for its best quarter since the global financial crisis in 2008.
(RTTNews) - NextEra Energy, Inc. (NEE) recently made a takeover approach to Duke Energy Corp., the Wall Street Journal reported citing people familiar with the matter.
Switzerland's Relief Therapeutics and U.S. partner NeuroRx said on Wednesday they struck deals with Bachem and Nephron Pharmaceuticals to supply and make a 50-year-old drug, aviptadil, that is in clinical trials against COVID-19.
(RTTNews) - JPMorgan Chase & Co (JPM) agreed to pay a total of $920 million in penalty to settle U.S. investigations into the company's alleged manipulation of metal and treasuries markets.
China's Tencent Holdings (OTC: TCEHY) announced Tuesday that it has signed a definitive agreement to acquire the entirety of compatriot search engine operator Sogou (NYSE: SOGO). Tencent, which already has a substantial stake in Sogou, will then take the company private. Sogou w