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The Latest Breaking News from Company

GlobalFoundries-STMicro Discuss Partnering For Chip Plant In France

GlobalFoundries Inc (NASDAQ:GFS) and STMicroelectronics N.V. (NYSE:STM) are amid discussions to build a semiconductor factory in France with the help of government funds, Bloomberg reports. The European Commission looks to produce 20% of the world’s chips by 2030. The European Union executive arm proposed the 43 billion euro ($45.3 billion) Chips Act earlier to…

Benzinga

Two shows dominated the Tony awards and proved Broadway’s debt to British taxpayers

Sam Mendes’s The Lehman Trilogy and Marianne Elliott’s Company took 10 prizes between them and demonstrated the power of UK subsidised theatre

The Guardian - UK

Tony awards 2022: the full list of winners

Find out who won what at Broadway’s biggest night of the year, where winners included Company, The Lehman Trilogy and A Strange Loop

The Guardian - UK

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Explained | What is the National Herald case and why has the ED summoned Sonia and Rahul Gandhi?

The original matter dates back to 2013 when BJP MP Subramanian Swamy had approached a trial court alleging that the Gandhis had fraudulently acquired the publishing company of the National Herald newspaper

The Hindu

Tony awards 2022: Company and The Lehman Trilogy lead big night for Brits

Broadway transfers of West End shows were out in front at this year’s celebration of the best of New York theatre

The Guardian - US

G2 Technologies Corp. Grant Incentive Stock Options and Issues Finder's Fee Shares and Finder's Warrants in Connection with Closing of Acquisition

Vancouver, B.C. - TheNewswire - June 6, 2022 - G2 Technologies Corp. (name change to G2 Energy Corp. is pending) (CSE:GTOO), ((, (FWB:1NZ.F) (the "Company" or "G2") announces today it has granted incentive stock options to purchase an aggregate amount of 3,150,000 common shares at an exercise price of $0.20 per…

Benzinga

Craig-Hallum Cuts FuelCell Energy Price Target By Half - Read Why

FuelCell Energy Inc (NASDAQ:FCEL) price target has been lowered to $3 (a downside of 19%) from $6 by Craig-Hallum analyst Eric Stine. The analyst maintained the Hold rating on the shares. Stine specified that the company reported Q2 results well below expectations, with backlog up modestly on a sequential basis. Related: FuelCell Energy Shares Slide Post…

Benzinga

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Credit Suisse Cuts REV Group Price Target By 9%

Credit Suisse analyst Jamie Cook lowered the price target on REV Group Inc (NASDAQ:REVG) to $10 from $11 while maintaining the Underperform rating on the shares. The analyst stated that within the quarter, REVG did not experience supply chain improvement as expected, and in some instances, the situation worsened. REVG now expects supply chain challenges…

Benzinga

Franchise Group To Avail Loan From Apollo For Kohl's Buyout: New York Post

Franchise Group Inc (NASDAQ:FRG) is considering taking more than $2 billion in loan from Apollo Global Management, Inc. (NYSE:APO) to acquire Kohl’s Corp (NYSE:KSS), New York Post reported. Kohl’s board recently confirmed negotiations with Franchise Group over a $60 per share bid. The report noted Apollo is considering lending money to fund the buyout at less than three…

Benzinga

Krispy Kreme Looks For New CFO; Promotes Josh Charlesworth To New Role

Krispy Kreme Inc (NASDAQ:DNUT) has promoted Josh Charlesworth to Global President and Chief Operating Officer. This newly created role will oversee the expansion of the company's global footprint and growth strategy. Charlesworth has served as Krispy Kreme's CFO since April 2017 and COO since May 2019. The company has engaged a search firm…

Benzinga

Key Takeaways From Baidu's First EV Launch

Baidu, Inc (NASDAQ:BIDU) electric vehicle arm Jidu Auto launched a "robot" concept car via an online press conference held on Baidu's metaverse-themed app Xirang. It is the first vehicle to be revealed by a Chinese internet company. The concept car is free of door handles and is fully controlled via voice recognition, Reuters reports.…

Benzinga

Walmart Expands Transportation Partnerships To Reduce Emissions

Walmart Inc (NYSE:WMT) said it is transforming its transportation fleet through collaborations with manufacturers of three different fuel types – renewable natural gas, hydrogen, and electric. The retail giant will partner with Cummins Inc (NYSE:CMI) and will receive new 15-liter Natural Gas Engines and add them to a few of its trucks. It has also…

Benzinga

Read How Casey's General Stores Fared In Q4

Casey’s General Stores Inc (NASDAQ:CASY) reported fourth-quarter FY22 sales growth of 45.4% year-on-year to $3.46 billion, in line with the consensus of $3.46 billion. Inside same-store sales increased 5.2%. Inside gross profit rose 12.1% Y/Y to $409 million. Fuel gallons increased 1.5% on a same-store basis. Total fuel gross profit increased 27.2% to…

Benzinga

Nova Mentis NM-1001 Psilocybin Compound Gets DEA Approval For Export, Here's What Happened

Nova Mentis Life Science Corp. (OTCQB: NMLSF), also known as NOVA, a biotech company developing psilocybin-based therapeutics and complementary diagnostics for neuroinflammatory disorders, recently received the required controlled substances export approval from the U.S.

Benzinga

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Benzinga

Goodyear Recalls Over 170,000 Tires Used On RVs

Goodyear Tire & Rubber Co (NASDAQ:GT) is recalling more than 170,000 tires used on trucks and recreational vehicles. The tires subject to recall were produced between 1996 and 2003. The recall specifically applies to G159 tires size 275/70R22.5, commonly found on RVs. The tire maker received over 600 claims for personal injury and property…

Benzinga

Alphabet Owned Waymo Collaborates With Uber Freight - Read Why

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) self-driving trucking unit Waymo Via, and Uber Technologies, Inc's (NYSE:UBER) Freight business collaborated for the efficient deployment of autonomous trucks. The financial terms of the transaction remain undisclosed. Now Waymo customers can use Uber Freight to plan their automated and human-driven trucking fleets more efficiently. Also Read: Lyft Pauses Hiring, Budgets To…

Benzinga

Raytheon Plans HQ Relocation - Check Out Where

Aerospace and defense company Raytheon Technologies Corp (NYSE:RTX) plans to establish its worldwide headquarters in Arlington, Virginia, as Washington, D.C., serves as a convenient travel hub for its global customers and employees. RTX is currently based in Waltham, Massachusetts. The company plans to maintain its substantial presence in the U.S., encompassing 600 sites…

Benzinga

Why Kohl's Shares Are Surging Today

Kohl's Corp (NYSE:KSS) Board of Directors has entered into exclusive negotiations with Franchise Group Inc (NASDAQ:FRG) over the potential sale. Franchise's bid of $60 per share constitutes a 42.5% premium to Kohl's closing price of $42.12 on June 6. Related: Sycamore, Franchise Group Submit Bids for Kohl's: WSJ The discussion will go on for three weeks to…

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Benzinga

Blackhawk Growth Files Quarter Ended March 31, 2022 Financials and Reports Increase in Value of its Portfolio by 8.8% Quarter Over Quarter

Vancouver, British Columbia – TheNewswire - May 30, 2022 – Blackhawk Growth Corp. (CSE:BLR); (CSE:BLR); (OTC:BLRZF); (Frankfurt:0JJ) (the "Company"), is pleased to announce that the financial statements and MDA for its first quarter ended March 31, 2022 have been filed on Sedar.

Benzinga

Starbucks Reopens China Stores: Bloomberg

Starbucks Corp (NASDAQ:SBUX) is reopening its stores in China after a resurgence in the COVID-19 cases prompted the closure of business activities in the country, Bloomberg reported. The coffeehouse chain has reopened 600 out of its 940 stores. The report added that the company plans to offer only online orders but will…

Benzinga

Flat Sales, Margin Pressure, Supply Chain Constraints - Lots To Look Into BRP's Q1 Results

BRP Inc (NASDAQ:DOOO) (TSX:DOO) reported first-quarter FY23 sales flat Y/Y at C$1.81 billion. The company said it experienced continuing supply chain-related disruptions and inefficiencies in an increasingly inflationary environment. The gross profit for the quarter fell 16.2% Y/Y to C$454.4 million, and the gross margin contracted 490 basis points to 25.1%. Normalized EBITDA…

Benzinga

Sycamore, Franchise Group Submit Bids for Kohl's: WSJ

Kohl’s Corp (NYSE:KSS) has received takeover bids form from private-equity firm Sycamore Partners and retail holding company Franchise Group, Inc (NASDAQ:FRG), the Wall Street Journal reported. Sycamore proposed $50 a share, and Franchise Group offered $60 per share, the report noted, valuing the company between $7 billion - $8 billion. The bidders had previously said…

Benzinga

Limoneira Enters Fallowing Program At Associated Citrus Packers Ranch, Arizona

Limoneira Company (NASDAQ:LMNR) has entered into a two-year fallowing and forbearance program at its Associated Citrus Packers ranch in Yuma, Arizona, with the Yuma Mesa Irrigation and Drainage District (YMIDD). The program will target about 400 acres of farmable land throughout the agreement. It will result in over 4,200 acre-feet (or more than…

Benzinga

Cannabis Movers & Shakers: Fire & Flower, POSaBIT, Zoned Properties, Urban Aroma

Fire & Flower Names Alimentation Couche-Tard’s Exec To Serve As CEO

Benzinga

Wedbush Cuts Price Target On This Fast-Casual Restaurant Chain - Read Why

Wedbush analyst Nick Setyan lowered the price target on Chipotle Mexican Grill Inc (NYSE:CMG) to $1,800 (30% upside) from $2,000 and maintained an Outperform rating on the shares. The analyst noted CMG is poised to see accelerated market share gains in a post-COVID environment, resulting in sustained growth above pre-COVID levels. Setyan said the recent…

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