Wednesday, June 29, 2022
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Garage-door maker employees get cash reward in takeover as private equity tests ownership model

In the otherwise-sleepy town of Arthur, Illinois, this week brought a life-changing surprise for hundreds of workers at locally based garage-door maker, C.H.I. Overhead Doors.  C.H.I.'s private equity owner, KKR, is selling the company to steel manufacturer Nucor in a $3 billion deal. The sale marks one of KKR's largest

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Stocks making the biggest moves premarket: Merck, Lordstown Motors, Coty, Zoom and others

Check out the companies making headlines before the bell:Merck (MRK) – Merck shares surged 7.5% in the premarket after it announced that its experimental Covid-19 pill cut the risk of death and hospitalization by 50% in a late-stage study. Merck plans to file for emergency use authorization as soon

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Stocks making the biggest moves in the premarket: Sonos, MicroStrategy, Seagate Technology, and more

Take a look at some of the biggest movers in the premarket:Sonos (SONO) – Sonos shares surged 10.6% in the premarket after an International Trade Commission judge ruled that Alphabet's (GOOGL) Google unit had infringed on some of the high-end speaker company's audio technology patents. The ruling could eventually

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Stocks making the biggest moves in the premarket: Stitch Fix, Contango Oil & Gas, Coupa Software & more

Take a look at some of the biggest movers in the premarket:Stitch Fix (SFIX) – Stitch Fix lost 18 cents per share for its first quarter, smaller than the 27 cents a share loss that analysts were anticipating. The online clothing styling company's revenue came in above estimates. Stitch

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Stocks making the biggest moves in the premarket: G-III Apparel, U.S. Concrete, QTS Realty Trust & more

Take a look at some of the biggest movers in the premarket:Amazon.com (AMZN) – CEO Jeff Bezos announced that he and his brother Mark will join an auction winner aboard the first human spaceflight by Bezos' Blue Origin on July 20. Bezos is set to step down as Amazon

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Stocks making the biggest moves in the premarket: AMC Entertainment, Cloudera, Nio & more

Take a look at some of the biggest movers in the premarket:AMC Entertainment (AMC) – AMC is selling 8.5 million shares to investment firm Mudrick Capital for $230.5 million, following the recent surge in the movie theater operator's stock price. AMC plans to use the proceeds to pursue the

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Cybersecurity start-up Darktrace plans to go public in London despite Deliveroo’s IPO flop

A Darktrace cybersecurity software demonstration shows how a global problem can start with just one employee's work station.Michael S. Williamson | The Washington Post | Getty ImagesLONDON — British cybersecurity start-up said Monday that it plans to go public in London, defying fears that Deliveroo's disappointing IPO could put

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Stocks making the biggest moves in the premarket: GameStop, Box, WW International & more

Take a look at some of the biggest movers in the premarket:GameStop (GME) – The video game retailer said board member and Chewy co-founder Ryan Cohen would become chairman of the board of directors following its annual meeting. GameStop gained 2.2% in premarket trading.Box (BOX) – The cloud computing

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Stocks making the biggest moves in the premarket: Moderna, Casper Sleep, Uber, Tapestry & more

Stocks making the biggest moves in the premarket: Moderna, Casper Sleep, Uber, Tapestry & moreSearch quotes, news & videos Source link

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Mobile gaming company AppLovin hires Morgan Stanley to lead IPO

A man plays a game on a smartphone.Brent Levin | Bloomberg | Getty ImagesAppLovin, the U.S. mobile app and gaming company backed by private equity firm KKR, has hired Morgan Stanley to lead preparations for an initial public offering (IPO) which could come early in 2021, according to people

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