US Stock Reports, Quotes and News
Liberty Energy (ticker: LBRT) has reported strong financial performance in the first quarter of 2024, with revenue reaching $1.1 billion and adjusted EBITDA standing at $245 million.
Alcoa Corporation (NYSE: NYSE:AA) has announced its intentions to acquire Alumina (OTC:AWCMY) Limited, aiming for full ownership of the Alcoa World Alumina and Chemicals joint venture. The proposed all-stock deal, valued at approximately $2.2 billion, would see Alumina Limited shareholders owning 31.25% of the combined entity, with Alcoa shareholders holding the remaining 68.75%. The transaction is expected to close in Q3 2024, subject to shareholder and regulatory approvals.
During Greystone Logistics\’ recent Q3 earnings call, CEO Warren Kruger provided an overview of the company\’s performance and future prospects. Despite facing some challenges, including weaker-than-expected results due to supply chain timing issues, the company is looking forward to improvements with the arrival of a new tool. The implementation of this tool and retooling initiatives, such as the automobile pallet for major clients like Tesla (NASDAQ:TSLA), General Motors (NYSE:GM), and Ford (NYSE:F), are expected to bolster performance.
23andMe Holding Co. (ME) stock rose sharply Thursday after it was revealed that Anne Wojcicki, the company\’s Chief Executive Officer and Co-Founder, plans to take the company private.
Investing.com– Morgan Stanley (NYSE:MS) plans to start cutting about 50 investment banking jobs in Asia, excluding Japan, this week, with a bulk of the cuts aimed at Hong Kong and China, Bloomberg reported on Wednesday.
Laser Photonics (LASE) reported its fourth-quarter and full-year results for 2023, announcing a significant increase in revenue and outlining strategic plans for the upcoming year. The company, which specializes in CleanTech product lines, saw a 673% growth in quarterly revenue to $0.8 million compared to the restated $0.1 million in the previous year.
(Reuters) – Ride-hailing companies Lyft (NASDAQ:LYFT) and Uber (NYSE:UBER) will extend their services in Minneapolis till July 1, they said on Thursday, after city officials voted a day earlier to push back the start of a driver pay raise by two months.