Summary: Pfizer plans to sell about 540 million shares in Haleon, reducing its stake in the company.
Full articleSummary: FedEx driver prevents package theft with the help of homeowner and police investigation.
Full articleSummary: Regan Capital announced that its Regan Floating Rate MBS ETF (NYSE: MBSF) has exceeded $100 million in assets six months after its launch. The ETF invests primarily in floating rate Agency RMBS and aims to offer investors high yield and liquidity amidst the Federal Reserve's interest rate policy shift.
Full articleSummary: Unrealized losses on investment securities for US banks decreased in the second quarter of the year due to dropping interest rates, providing relief to many banks.
Full articleSummary: Home Depot expands its Hubspace smart home ecosystem with the Hampton Bay Landscape Floodlight, a low-voltage model that produces a wide beam of bright and colored light. The floodlight, priced at $65, can be connected to the Hampton Bay smart transformer and controlled via the Hubspace app. It features a robust aluminum housing, offers scheduling options, and can be dimmed and color-adjusted through the app.
Full articleSummary: Salesforce and NVIDIA collaborate to develop AI-powered agents to enhance enterprise productivity by integrating NVIDIA's accelerated computing with Salesforce's AI systems for tasks such as crisis management, real-time customer support, and logistics adjustments.
Full articleSummary: The Bank of New York Mellon Corporation announced the redemption of all issued and outstanding shares.
Full articleSummary: The Kraft Heinz Company KHC has successfully implemented pricing strategies to maintain robust profit margins despite inflation, focusing on transformation for future growth. However, challenges in consumer environment led to decline in organic net sales and volume performance, along with currency fluctuations affecting revenues.
Full articleSummary: Yellow Light Coffee & Donuts will open in Michigan Central's historic retail arcade later this year, becoming the first food-and-beverage tenant since the building's closure in 1988. Michigan Central's 30-acre campus is aiming to accommodate larger tenants and established companies while attracting diverse businesses. Guided tours of the revitalized Michigan Central Station are now available in partnership with Detroit History Tours, offering inside anecdotes and access to areas not previously open to the public.
Full articleSummary: BNY to redeem all issued and outstanding Floating Rate Senior Notes due October 25, 2024, with an aggregate principal amount of $400,000,000, on September 25, 2024.
Full articleSummary: The Bank of New York Mellon Corporation announced the redemption of all issued Floating Rate Senior Notes due October 25, 2024, totaling $400 million.
Full articleSummary: Oracle Corp is expected to show strong free cash flow results in its fiscal Q1 2025, which could lead to a 15.5% undervaluation of its stock. The company's move into the AI arena and consistent FCF generation despite higher capex spending is seen as positive by analysts.
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