Author Archives: Megan Oudine

Portillo’s stock debuts with a 30% gain after Chicago street food company raises $405.4 million in IPO
21 October, 2021

Portillo’s Inc. received a nice ovation in its public debut Thursday, as the Chicago street...

WeWork shares rise in trading debut after SPAC merger closes
21 October, 2021

WeWork Inc. moved into positive territory on Thursday, as shares climbed 7.9% to $11.20 in...

Walgreens expanding its Mental Health First Aid training to 27,000 pharmacists
21 October, 2021

Walgreens Boots Alliance Inc. said Thursday that it will begin the process of expanding its...

U.S. Postal Service enacts tobacco, marijuana and hemp e-cigarette limitations
21 October, 2021

The U.S. Postal Service on Thursday restricted the mailing of electronic nicotine delivery systems (ENDS),...

Denny’s has been able to bring back round-the-clock service despite labor issues, Truist says
21 October, 2021

Denny’s Corp. was upgraded to buy from hold at Truist Securities, with analysts growing more...

EIA reports a weekly climb of 92 billion cubic feet in natural-gas supplies
21 October, 2021

The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose...

Existing-home sales improve in September, eating up available inventory
21 October, 2021

Existing-home sales rose 7% on a monthly basis in September, reaching a seasonally-adjusted, annual rate...

U.S. leading indicators rises smaller 0.2% in September
21 October, 2021

The U.S. leading economic index grew a softer 0.2% in September and pointed toward somewhat...

Stocks open slightly lower after push toward record highs
21 October, 2021

Major U.S. stock indexes opened with small losses Thursday, pausing after the Dow Jones Industrial...

Macy’s e-commerce business could have an enterprise value of $11.5 billion, Cowen says
21 October, 2021

Macy’s Inc.’s e-commerce platform could have an enterprise value of $11.5 billion, according to estimates...

Enfusion valued at $1.9 billion as IPO priced at top of expected range
21 October, 2021

Enfusion Inc. is set for its public debut Thursday, as the Chicago-based investment management software...

P10 to go public after IPO prices below the expected range, valuing company at $1.4 billion
21 October, 2021

P10 Inc. is all set to go public Thursday, as the Texas-based alternative asset management...

Blackstone shares rise in pre-market after earnings beat estimates
21 October, 2021

Blackstone Inc. shares rose 3.4% in pre-market trades on Thursday after the private-equity firm said...

Facebook has ‘not been fully forthcoming’ around ‘crosscheck’ program for high-profile users, oversight board says
21 October, 2021

Facebook Inc.’s oversight board said Thursday that the social-media company has “not been fully forthcoming”...

Walmart extends delivery hours for the holidays, expands alcohol delivery and pickup
21 October, 2021

Walmart Inc. announced on its website that it’s extending delivery times by two hours, so...

Dow, S&P 500 end higher but narrowly miss closing highs as Fed’s Beige Book shows inflation pressures remain
21 October, 2021

The S&P 500 index and Dow industrials closed higher on Wednesday, barely missing a finish...

Hexo names beverage executive Scott Cooper as CEO
20 October, 2021

Hexo Corp on Wednesday named beverage executive Scott Cooper its new president and CEO, two...

Netflix stock slumps after earnings as Deutsche Bank downgrades, but most analysts boost price targets
20 October, 2021

Shares of Netflix Inc. slumped 2.3% in premarket trading, as investors expressed disappointment that the...

Winnebago results reach a record
20 October, 2021

Winnebago Industries Inc. shares rise 3.8% in Wednesday premarket trading after the outdoor lifestyle company...

Baker Hughes misses profit and revenue forecasts as Hurricane Ida, inflation and supply constraints weighed
20 October, 2021

Shares of Baker Hughes Co. sank 1.8% in premarket trading Wednesday, after the oilfield products...

LianBio to raise up to $345 million in planned IPO at valuation of $1.8 billion
20 October, 2021

LianBio , a biotech with operations in the U.S. and China, set terms for its...

Lithia Motors stock set to rally after profit and revenue rise well above forecasts
20 October, 2021

Shares of Lithia Motors Inc. were indicated up about 1% in premarket trading Wednesday, after...

Online-learning platform Udemy to offer 14.5 million shares in IPO priced at $27 to $29 each
20 October, 2021

Online-learning platform Udemy Inc. set terms for its initial public offering on Wednesday, with plans...

Coronavirus tally: Global cases of COVID-19 head toward 242 million and WHO says Europe only region with rising cases
20 October, 2021

The global tally for the coronavirus-borne illness climbed above 241.6 million on Wednesday, while the...

Anthem stock gains after profit and revenue beats, raised full-year earnings outlook
20 October, 2021

Shares of Anthem Inc. rose 0.6% in premarket trading Wednesday, after the health benefits company...