Business News

Business News

Iteos Therapeutics stock hits 52-week low at $8.39 By Investing.com

by

Iteos Therapeutics Inc. (NASDAQ: ITOS) stock has reached a 52-week low, trading at $8.39. This latest price point marks a significant downturn for the biotechnology company, which specializes in developing cancer immunotherapies. Over the past year, Iteos Therapeutics has seen its stock value decrease by 15.09%, reflecting investor concerns and a challenging market environment for … Read more

Collapsed London Capital & Finance operated as Ponzi scheme, court rules

by

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Individuals involved in the London Capital & Finance scandal are liable to pay damages after the High Court found that the collapsed “minibond” provider operated as a Ponzi scheme that misrepresented itself in a “widespread, … Read more

Some savers can make ‘enhanced’ catch-up retirement contributions next year

by

There is a lot at stake for Americans’ personal finances next years, between the potential implementation of sweeping tariffs and the uncertainty of tax cut extensions. One guarantee: Some retirement savers will be able to contribute even more money to their workplace accounts. Starting next year, Americans aged 60-63 will be able to contribute up … Read more

Blackstone drops majority stake plan, eyes 20% share in Haldiram’s at $8 billion valuation: Report

by

Blackstone has dropped plans to acquire a majority stake in the snacks business of Haldiram’s instead it is now discussing purchase of a 20 percent stake at a valuation of $8 billion, which is still a sticking point, Reuters reported citing sources.  There is a disconnect over valuation, though, with Haldiram’s wanting to value the … Read more

Disney posts earnings beat as streaming profit, guidance top estimates

by

Disney (DIS) on Thursday reported fiscal fourth quarter earnings per share and revenue that topped Wall Street estimates, as its direct-to-consumer business built on recent momentum and swung to a profit. Strong guidance for the next two years also fueled investor optimism, sending shares up over 10% in early trading following the results. The media … Read more

Sagicor Financial reports Q3 results (TSX:SFC:CA)

by

Sagicor Financial press release (TSX:SFC:CA): Q3 Core earnings to shareholders of $24.1 million Annualised core return on shareholders’ equity of 10.4% Net income to shareholders of $59.1 million driven by positive market experience New business CSM of $44.8 million Shareholders’ equity of $952.3 million, with book value per share of US$6.86 or C$9.26 More on Sagicor Financial

How consumer behavior has switched since the Boar’s Head recall, explained by a grocery store owner

by

New Yorkers are feeling the pinch in their pocketbooks after a listeria outbreak has affected 7 million pounds of cold cuts. (Credit: WNYW) The owner and operator of family grocery chain Cingari Family Markets talked to FOX Business about a unique trend he has observed of shoppers turning away from deli meat as a whole … Read more

EU fines Meta 797 million euros over abusive practices benefiting Facebook Marketplace By Reuters

by

BRUSSELS (Reuters) -The European Commission on Thursday fined Meta Platforms (NASDAQ:) €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters. “The European Commission has fined Meta … for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its … Read more