Seagate Technology beats earnings, but why did the stock plummet?
Seagate Technology Holdings plc’s (NASDAQ: STX) stock faced a sharp decline following its Q1 FY 2025 earnings report. Despite surpassing Wall Street estimates with an ... Read More
PACS Group stock plunges 9% after massive 14 million share offering stuns investors
PACS Group, Inc., a prominent player in the post-acute healthcare sector, has seen its shares nosedive by nearly 9% to $35.98 following the announcement of ... Read More
Brutal layoffs at Goldman Sachs: Over 1,800 employees face the axe!
Goldman Sachs Group Inc. is reportedly planning to cut up to 1,800 jobs, representing about 3% to 4% of its global workforce, following its annual ... Read More
Morepen Laboratories secures massive Rs 200cr funding to revolutionise medical devices and API market
Morepen Laboratories Limited (NSE: MOREPENLAB; BSE: 500288) has announced the successful subscription of a Qualified Institutional Placement (QIP) for Rs. 200 crore. This strategic move ... Read More
Citigroup reports significant loss in Q4 2023 amid global challenges
Citigroup Inc. has announced its financial results for the fourth quarter of 2023, revealing a significant net loss of $(1.8) billion, or $(1.16) per diluted ... Read More
Data center solutions firm Chindata Group to merge with BCPE Chivalry in $3.2bn deal
Chindata Group Holdings Limited (Nasdaq: CD), a forerunner in providing carrier-neutral hyperscale data center solutions in Asia-Pacific emerging markets, has disclosed its merger agreement with ... Read More
Appian Capital to sell Brazilian battery metal companies to ACG for $1bn
Appian Capital Advisory, an investment advisor to long-term value-driven private capital funds that invest in mining companies, has announced it is selling its Brazilian battery ... Read More
Citi to sell Russian personal installment loans business to Uralsib
Citigroup (Citi) said that its Russian subsidiary — AO Citibank has signed a deal to divest a portfolio of ruble-denominated personal installment loans to Russian ... Read More
Citigroup Q2 2022 net income down by 27% to $4.5bn
Citigroup Q2 2022 results : Citigroup has reported a net income of $4.5 billion for the second quarter of 2022 (Q2 2022), a decrease of ... Read More
National Australia Bank to acquire Citigroup’s Oz consumer business
National Australia Bank Limited (NAB) has agreed to acquire the Australian consumer business of Citigroup for AUD 1.2 billion ($880 million). Citi's Australian consumer bank ... Read More