By Anirban Sen NEW YORK (Reuters) – CVS Health (NYSE:) is exploring options that could include a break-up of the company to separate its retail and insurance units, as the struggling healthcare services company looks to turn around its fortunes amid pressure from investors, people familiar with the matter told Reuters. CVS has been discussing various options – including how such a split would work – with its financial advisers in recent weeks, the sources said, requesting anonymity as the discussions are confidential. The plan to potentially split the company’s pharmacy chain and the insurance business has been discussed with…
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Chris Putro, 55, has been looking for a job for a job for the last nine years. Chris PutroChris Putro, 55, has been struggling to find a job for the last nine years.He has a master’s and over a decade of experience but says this hasn’t helped him get interviews.He said he’s on track to run out of savings in a few years.In 2013, Chris Putro got fired from his financial analyst job at a tech company. More than a decade later, he’s still looking for work.Despite having a bachelor’s and master’s degree in chemistry — and sending out countless applications —…
$1.3 billion contract will enable continued design maturation and aircraft integration EAST HARTFORD, Conn., Sept. 30, 2024 /PRNewswire/ — Pratt & Whitney, an RTX (NYSE: RTX) business, has been awarded a contract valued up to $1.3 billion to continue work on the F135 Engine Core Upgrade (ECU), which will deliver enhanced durability to the engine. The ECU also provides power and cooling for Block 4 and beyond capabilities for all three variants of the F-35 global enterprise. “This contract is critical to continuing our positive forward momentum on this program,” said Jill Albertelli, president of Pratt & Whitney’s Military…
(Reuters) – Genetic testing firm 23andMe Chief Executive Officer Anne Wojcicki would no longer be open to considering third-party takeover proposals for the company, a regulatory filing showed on Monday. “It has become even clearer to me that the best path forward for the (company) is for me to take the company private,” Wojcicki said. Wojcicki had said earlier this month she would consider third-party takeover proposals while continuing to evaluate and negotiate a deal. In July, the CEO and co-founder proposed to acquire all outstanding shares of the firm not already owned by her or her affiliates for $0.40…
Market information is displayed on monitors as a trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 4, 2024. Andrew Kelly | ReutersStock futures were little changed on Monday evening, after the S&P 500 closed at a record to end September.Futures tied to the Dow Jones Industrial Average ticked down 70 points or 0.1%. S&P 500 futures inched lower by 0.2%, alongside Nasdaq 100 futures.In the regular session, the S&P 500 and the 30-stock Dow notched closing records. Federal Reserve Chair Jerome Powell said on Monday that the central bank is…
Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus FrenzyBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.China has gone all out to stimulate the domestic economy and a slew of measures the government and the central bank proposed has kickstarted a strong rally in the domestic stock market. CNBC Mad Money host Jim Cramer weighed in on the development and recommended a few stocks that could be potential beneficiaries.What Happened: “The Chinese are, once again, stimulating and everyone’s back,” said Cramer in a post on…
Daniel R. Lee, the President and CEO of Full House Resorts Inc . (NASDAQ:), recently engaged in multiple transactions involving the company’s stock, according to the latest SEC filings. The executive sold shares totaling over $48,000, with prices ranging from $5.0015 to $5.0418. The sales were executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks at a specific time or price, offering protection against accusations of insider trading. This plan was adopted by Lee on June 11, 2024. On September 26, Lee sold 652 shares at weighted average prices between…
MENLO PARK, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) — Today, Robinhood (NASDAQ:) Markets, Inc. (Robinhood) (NASDAQ: HOOD) announced that it will release its third quarter 2024 financial results on Wednesday, October 30, 2024, after market close. An earnings conference call will be held at 2:00 PM PT / 5:00 PM ET on the same day. A live webcast of the call and supporting materials will be available at investors.robinhood.com. Following the call, a replay and transcript will also be available on the same website. Robinhood shareholders can submit and upvote questions for management using the Q&A platform developed by Say…
In a move to secure additional time for completing its planned business combination, TMT Acquisition Corp. (NASDAQ:TMTC) has announced an extension of its liquidation deadline. The decision came after a shareholder vote on Monday, which approved an amendment allowing for up to five extensions to the original deadline. As per the 8-K filing with the Securities and Exchange Commission, TMT Acquisition Corp. disclosed that 2TM Holding LP, the company’s sponsor, agreed to contribute $140,000 monthly into the trust account for each extension month, starting from today, September 30, 2024, until December 30, 2024. This financial commitment is intended to support…
US stocks bid farewell to the month and the quarter with fresh records as investors reacted to Federal Reserve Chair Jerome Powell vowing to do what it takes to keep the economy humming, while signaling he won’t rush future rate cuts.The S&P 500 (^GSPC) rose 0.4% to close at a new record, while the Nasdaq Composite (^IXIC) gained close to 0.4%. Meanwhile, the Dow Jones Industrial Average (^DJI) finished just above the flatline, securing its latest all-time-high.Typically the cruelest month for stocks, Wall Street indexes recorded monthly wins to close out the last trading day of September. Notably, the S&P…