Australia’s Boral has recommended that investors reject Seven Group Holdings’ bid to acquire full control of the building products group, claiming that the offer undervalues the company. Seven Group, which is controlled by billionaire Kerry Stokes and his family, already owns nearly 72% of Boral and had launched a A$1.9 billion bid to acquire the
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Agilon Health, Inc.’s Chief Markets Officer, Benjamin Shaker, recently engaged in significant transactions involving the company’s stock. According to a recent SEC filing, Shaker acquired 274,455 shares of common stock on March 14, 2024. This acquisition was part of a performance-based award that depended on the company’s revenue and adjusted EBITDA goals over a three-year
In the wake of a series of recent flight problems, United Airlines CEO Scott Kirby took the opportunity to reassure customers about the carrier’s safety measures. One incident involved a tire falling from a Boeing 777 shortly after takeoff, damaging cars in a San Francisco airport parking lot. Another incident revealed a missing panel on
As the Federal Reserve gears up for its meeting this week, futures tracking the S&P 500 and the Nasdaq are on the rise. Investors are eagerly awaiting the outcome of the meeting, with the expectation that borrowing costs will remain steady. The recent stronger-than-expected inflation figures have caused a shift in investors’ views on potential
The news of Apple potentially licensing Alphabet’s Gemini for future iPhones has sparked a 3% rise in Alphabet shares in early premarket trade. This move signifies a potential collaboration between two tech giants in the field of artificial intelligence. According to reports, Apple and Alphabet-owned Google are currently in active negotiations regarding the licensing of
Recently, Evercore ISI made a bold move by downgrading ProLogis (NYSE:PLD) from Outperform to In Line, while also setting a price target of $136.00. This decision was based on various factors, such as the stock’s performance compared to the RMZ index, as well as the absence of significant catalysts in the near future. Stock Performance
The week has started off quietly in Asia, but China has delivered some positive surprises. Industrial output and retail sales in January and February exceeded expectations, with a 7% year-on-year jump in output and signs that factory growth is picking up globally. This has raised hopes for a strong start to the week. A number
China’s economic data for the first two months of the year has exceeded analysts’ expectations in several key areas. Retail sales saw a robust increase of 5.5%, surpassing the 5.2% growth forecasted in a Reuters poll. Industrial production also showed strong growth, climbing by 7% compared to estimates of 5% growth. Additionally, fixed asset investment
In a sprawling industrial park in southern India, the demand for land is reaching new heights as companies rush to build modern warehouses and factories. This industrial park, managed by Blackstone and real estate tycoon Niranjan Hiranandani, has become a hotspot for European and American companies looking to capitalize on India’s economic growth or diversify
The ongoing debate surrounding the operation of Chinese-owned TikTok in the U.S. has reignited concerns about the risk associated with Chinese stocks in the midst of a U.S. presidential election year. The introduction of bills aimed at restricting Chinese biotech companies and other policy proposals has prompted analysts at Goldman Sachs to reassess their model