Business

Rubrik prices IPO at $32 per share, above the expected range

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[ad_1] Bipul Sinha, co-founder and CEO of data security software company Rubrik. Sinha previously backed cloud management company Nutanix. Greylock Partners Rubrik, a data-management software company backed by Microsoft, priced its IPO at $32 a share. That’s above its expected range. The 10-year-old company sold 23.5 million shares ahead of its New York Stock Exchange …

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Drugmaker Novartis climbs after guidance rise on sales of blockbuster drugs

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[ad_1] Signage for Novartis AG at a building in the company’s headquarters campus in Basel, Switzerland, on Monday, Jan. 8, 2023.  Bloomberg | Bloomberg | Getty Images Shares of Swiss drugmaker Novartis climbed as much as 4.8% in early deals Tuesday, after the company raised its full-year guidance following better-than-expected first-quarter results. The stock pared …

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VW workers in Tennessee vote to join UAW in historic win for Detroit union

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[ad_1] Kelcey Smith displays UAW buttons in Chattanooga, Tennessee on April 10, 2024.  Kevin Wurm | The Washington Post | Getty Images Volkswagen workers in Chattanooga, Tennessee, have overwhelmingly voted to join the United Auto Workers — marking a major milestone for the union and its first successful organizing drive of an automaker outside of …

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Trump Media shares close down more than 14%, company says Truth Social to launch TV streaming

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[ad_1] Jonathan Raa | Nurphoto | Getty Images The price of Trump Media shares closed trading more than 14% lower Tuesday, hours after after the company announced its Truth Social platform is moving to launch a live TV streaming platform. The sharp fall of DJT shares came after they ended trading Monday on the Nasdaq …

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Morgan Stanley is about to report first-quarter earnings

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[ad_1] Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley is set to report first-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $1.66 a share, according to LSEG Revenue: $14.41 …

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Goldman Sachs tops first-quarter estimates fueled by trading, investment banking

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[ad_1] David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Goldman Sachs on Monday posted first-quarter profit and revenue that topped analysts’ expectations, fueled by a surge in trading and investment banking revenue. Here’s …

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Macy’s proxy fight is over, but the battle for the department store’s future wages on

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[ad_1] Shopping bags in front of the Macy’s Inc. flagship store in the Herald Square area of New York, US, on Monday, Nov. 13, 2023. US holiday sales will grow at a slower pace this year amid economic headwinds such as higher interest rates, the National Retail Federation said.  Bing Guan | Bloomberg | Getty …

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EU probe of weight loss and diabetes drugs like Wegovy, Ozempic finds no link to suicidal thoughts

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[ad_1] Boxes of Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024.  Hollie Adams | Reuters European Union drug regulators found no evidence that highly popular weight loss and diabetes drugs such as Wegovy and Ozempic are linked to an increased risk of suicidal thoughts and self-injury, the …

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Globe Life shares plummet 50% after short-seller accuses company of insurance fraud

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[ad_1] In this photo illustration, the Globe Life Insurance logo seen displayed on a smartphone screen. Rafael Henrique| SOPA Images | Lightrocket | Getty Images Shares of Globe Life plunged more than 50% Thursday after Fuzzy Panda Research disclosed a short position in the company, alleging multiple instances of insurance fraud. The short-seller in a …

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Vietnamese property tycoon sentenced to death in country’s largest financial fraud, state media reports

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[ad_1] Vietnamese property tycoon Truong My Lan, center, looks on at a court in Ho Chi Minh City on April 11, 2024. Str | Afp | Getty Images The Vietnamese property tycoon Truong My Lan was sentenced to death on Thursday for her involvement in the country’s biggest financial fraud case, state media outlet Thanh …

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Norfolk Southern activist investor highlights past abusive behavior of new COO as proxy fight intensifies

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[ad_1] A general view of the exterior of the headquarters of Norfolk Southern on April 1, 2023 in Atlanta, Georgia.  Icon Sportswire | Getty Images Norfolk Southern is almost two months into a battle with activist investor Ancora, which is trying to shake up the railroad’s board and oust CEO Alan Shaw. Now the firm …

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