Walmart and Target put up strong third-quarter performances this week, beat Wall Street’s expectations and spoke of holiday shoppers already starting to splurge on gifts and gatherings this season. Yet the investor response was swift: A brutal sell-off. Target shares closed down about 5% Wednesday. Walmart closed down nearly 3% […]
Investors
Movie theater chain AMC Entertainment (AMC) reported third-quarter earnings after the close on Monday that beat expectations, and the company said it was “encouraged” by trends so far in the fourth quarter. Still, AMC stock was down early Tuesday. The chain reports as it tries to ride the economy’s reopening […]
TORONTO, Feb. 21, 2022 /CNW/ – A group of Unitholders of Bridging Finance Fund will be in court this week to try and prevent PwC from terminating a court-approved process to sell the company and its assets. PWC, the court appointed receiver and manager of Bridging assets and properties, will […]
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MUMBAI, Feb 22 (Reuters) – Prospective investors in Life Insurance Corp of India’s (LIC) $8 billion IPO are seeking assurances from company management that it will not sacrifice their interests to meet the goals set out by the government, its controlling shareholder, sources said. In virtual roadshows for India’s biggest […]
A bulldozer pushes coal onto a conveyor belt at the Jiangyou Power Station on January 28, 2022 in Jiangyou, Mianyang City, Sichuan Province of China. Liu Zhongjun | China News Service | Getty Images LONDON — Banks and investors have channeled massive sums of money to support the coal industry […]