Stock splits don't change the underlying value of a publicly traded company. In March, Amazon's (NASDAQ: AMZN) board of directors voted for a 20-for-1 stock split. If approved, Amazon should initiate its stock split after market close on Friday, June 3, and then open on June 6 (Monday morning) at its new price.
Spanish perfume and fashion company Puig said on Thursday it aims to raise between 2.3 billion euros ($2.46 billion) and 2.9 billion euros in Spain's largest initial public offering in almost a decade. The maker of Paco Rabanne and Carolina Herrera fragrances is offering to sell its shares in the range between 22 euros to 24.5 euros ($23.48-$26.15) per share, according to a document sent to the Spanish stock market regulator. It is offering 1.25 billion euros worth of new shares along with 1.36 billion euros of existing shares through the IPO.
Danone is recouping some of the market share it lost to retailers' private label brands with high prices, it said on Thursday, winning both cash-strapped and wealthy shoppers. In recent quarters, companies like Danone, Nestle and P&G have said they plan now to ease price hikes and invest more in improving products and launching new ones to win back share. "The low-price segment in Danone's categories is growing fast, but the high price segment is also growing fast -- but the middle segment is a bit squeezed," CFO Juergen Esser said in an interview following a sales update.
Donald Trump’s relationship with and attitude toward Vladimir Putin’s Russia – and perhaps even more notably all of the ceaseless speculation about it – defined his first term in office.
Matthew Rhys from "Perry Mason" and Danny Pudi from "Community" have joined the voice cast for Comedy Central's animated adaptation of the 1980s "Golden Axe" Sega video-game series.
Wall Street pointed higher in premarket trading Thursday as bond markets stabilized and more corporate earnings trickled in. Futures for the S&P 500 and the Dow Jones Industrial Average rose 0.2% before the bell. Alaska Air, the carrier that suffered a midflight blowout of a door plug on a Boeing aircraft in January, took a $162 million hit in its most recent quarter after it grounded its entire Boeing 737 Max fleet, but it projected better-than-expected profits the current quarter. Its losses f
Stock Market Today: Dow Jones futures rose Thursday ahead of initial unemployment claims. And Tesla stock hit a new low on a downgrade.
BARCELONA, Spain (AP) — Antonio Rudiger stared down the goalkeeper, took a deep breath, and drilled home the decisive penalty, proving once again there is no tougher task in club soccer than beating Real Madrid in the Champions League. Madrid’s victory over Manchester City after a penalty shootout on Wednesday sent it to a record 17th semifinal appearance and kept it on course to add to its unequaled haul of 14 European Cups. It was fitting that Rudiger finished off City after he anchored a spir
Jeffrey Gibson’s takeover of the U.S. pavilion for this year’s Venice Biennale contemporary art show is a celebration of color, pattern and craft, which is immediately evident on approaching the bright red facade decorated by a colorful clash of geometry and a foreground dominated by a riot of gigantic red podiums. Gibson, a Mississippi Choctaw with Cherokee descent, is the first Native American to represent the United States solo at the Venice Biennale, the world’s oldest contemporary art show. For context, the last time Native American artists were included was in 1932.
Nvidia and chips led the latest market retreat Wednesday. Taiwan Semiconductor earnings and guidance were upbeat.
Showers and thunderstorms will linger in the Kansas City area. What does the weekend look like?
Automotive parts distributor Genuine Parts raised its 2024 profit forecast on Thursday, hinging on strong demand for parts and improving automotive sales in the United States. In the past months, the company has been implementing pricing initiatives and strategic sourcing programs to perk up slowing sales in its U.S. automotive segment that was hurt by high costs and other inflationary pressures. It reaffirmed its sales growth forecast of 3% to 5% for the full year.
Madison Investments, an investment advisor, released its “Madison Small Cap Fund” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund returned 11.4% compared to a 5.2% return for the Russell 2000 Index and a 6.9% return for the Russell 2500 Index. All sectors except communication […]
Mairi McAllan is expected to drop the target of reducing emissions by 75% by 2030.
Staff working for Joe Biden privately refer to Donald Trump as “Hitler Pig”, a media outlet has claimed.
Kemi Badenoch, speaking at TheCityUK international conference, said she is worried about there being too many rules in financial services.
South Africa will use future drawdowns of its Gold and Foreign Exchange Contingency Reserve Account to curb its debt burden, Finance Minister Enoch Godongwana said, adding he was pondering tax hikes and expenditure cuts in the next post-election budget. Africa's most industrialised nation is grappling with an ailing economy and high debt ahead of a general election on May 29 that could see the governing African National Congress party lose its parliamentary majority for the first time since the end of apartheid 30 years ago. "Eskom is out, or Transnet," Godongwana told Reuters on the sidelines of the International Monetary Fund and World Bank meeting, ruling out financial support from the account for the country's ailing state-energy firms.
Tortilla boss will run slightly over the marathon distance, a total of 28.1 miles, from Camden around central London and then to Islington.
Development agencies gathering in Washington this week face one of their toughest battles in years: getting a rich world worried about wars abroad and elections at home to commit more cash to the world's poorest countries. The poor world's development is backsliding at an historic rate amid debt crises, higher-for-longer global interest rates and mounting investment needs. At the last round of IMF and World Bank meetings in October, global leaders expected rich-world inflation to ease more quickly than it has, and thus for interest rate cuts to take pressure off financing costs.
Bengaluru is grappling with a water shortage so severe, there isn’t enough to take a shower or flush a toilet, and all residents want from a new government is a resolution of the crisis, Stuti Mishra reports
STORY: On a hospital bed in Niger, a 96-year-old woman lies motionless, attached to a drip.She is one of possibly thousands of victims of West Africa's worst heatwave in living memory.That extreme weather was a once in a 200-year event, a report said on Thursday (April 18), driven by man-made climate change and likely to be come much more frequent.In late March and early April many West African countries were gripped by days and nights of temperatures above 104 degrees Fahrenheit, or 40 Celsius.At the hospital in Niamey, Zeynabou Toure says her mother quickly sickened."When we arrived, the doctors informed us that there wasn't enough water left in her body. She's not drinking enough water, they said. We've had to be here for 10 days, but today she's doing much better than when we arrived."The severity of the heatwave led climate scientists from World Weather Attribution to conduct a rapid analysis.It concluded that the temperatures would not have been reached if industry had not warmed the planet by burning fossil fuels and other activities.And according to Clair Barnes, a WWA statistician, the situation is likely to get worse."Two degrees of warming, which is the threshold we often look at for future temperatures, we would expect to see heat waves like this maybe 10 times more frequently, potentially up to 20 times per year for these really extreme temperatures. So it's something people are going to have to adapt to and learn to live with, unfortunately."Despite a lack of data, the WWA estimates that the heatwave led to hundreds, or possibly thousands of deaths.Older people, like Toure's mother, are particularly vulnerable.The WWA is recommending that countries formulate heat action plans.They would warn citizens when extreme temperatures are imminent and offer guidance on how to prevent overheating.
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