By Jessica DiNapoli and Tom Bergin
NEW YORK/LONDON (Reuters) – Eastman Kodak Co on Monday granted its executive chairman options for 1.75 million shares as the result of what a person familiar with the arrangement described as an “understanding” with its board that had previously neither been listed in his employment contract nor made public.
One day later, the administration of President Donald Trump announced a $765 million financing deal with Eastman Kodak, and in the days that followed the…
Brooks Brothers poised to be acquired by Authentic Brands-Simon venture – Fox Business
Brand-licensing company WHP Global Inc. has bowed out of the race for Brooks Brothers Inc., according to people familiar with the matter, leaving a venture backed by apparel-licensing firm Authentic Brands Group LLC and mall owner Simon Property Group Inc. po…
Brand-licensing company WHP Global Inc. has bowed out of the race for Brooks Brothers Inc., according to people familiar with the matter, leaving a venture backed by apparel-licensing firm Authentic Brands Group LLC and mall owner Simon Property Group Inc. poised to take control of the bankrupt retailer.
Like Authentic Brands, WHP Global buys consumer brands, often out of bankruptcy, and revives them by shedding unprofitable locations.
Sparc Group LLC, the Authentic Brands-Simon venture, had b…
Stifel cuts COVID-19 vaccine developer Inovio’s price target as earnings and call leave more questions than answers – MarketWatch
Stifel analysts cut their stock price target for Inovio Pharmaceuticals Inc.
to $16 from $24 on Tuesday, after the company posted a wider-than-expected second-quarter loss and revenue that fell short of estimates. Inovio is one of many companies working to develop a COVID-19 vaccine candidate. The numbers and the call “left us (again) with more questions than answers on numerous fronts,” analysts led by Stephen Willey wrote in a note to clients. These include disclosure timelin…
China’s Nio beats second-quarter sales estimates, shares rise – Yahoo Finance
China’s electric vehicle maker Nio Inc beat Wall Street estimates for quarterly revenue on Tuesday and forecast current-quarter sales above expectations, after a rise in vehicle deliveries despite disruptions caused by the coronavirus crisis. “The current co…
Aug 11 (Reuters) – China’s electric vehicle maker Nio Inc beat Wall Street estimates for quarterly revenue on Tuesday and forecast current-quarter sales above expectations, after a rise in vehicle deliveries despite disruptions caused by the coronavirus crisis.
U.S.-listed shares of the company, that have surged nearly four-fold this year, were up about 12% at $15.87 in premarket trading.
“The current constraints on the productions will be lifted in the near future and we are confident that ou…
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