HEICO Corp. engages in the manufacturing of electronic equipment for the aviation, defense, space, medical, telecommunications, and electronics industries. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts. The…
The second round of debt-ceiling talks between the White House and top congressional leaders will take place Tuesday, President Joe Biden said Monday. Biden confirmed to reporters that the meeting would take place as he responded to a shouted question while leaving a restaurant in Philadelphia. On Sunday, Biden had…
SYDNEY — Australian gaming technology developer Aristocrat Leisure agreed to pay $1.2 billion for Nasdaq-listed NeoGames. Aristocrat ALL, +2.12% on Monday said that it had offered $29.50 a share in cash and will fund the transaction with its existing cash reserves. NeoGames shares NGMS, +111.76% last traded at $12.84, having…
[]Burger chain Shake Shack inc. is reportedly facing a proxy fight from an activist investor seeking changes to boost the company’s stock price. []The Wall Street Journal reported Sunday that Engaged Capital, which has a roughly 6.6% stake in Shake Shack SHAK, +7.73%, is seeking three board seats and is…
SYDNEY — Newcrest Mining NCM, +1.52% said it has agreed to a $17.5 billion takeover by Newmont NEM, +1.54%, extending a wave of deals in the sector as global miners seek to boost their exposure to metals like copper and gold. Newcrest said on Monday that it recommends shareholders vote…
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China’s central bank kept its key policy rates unchanged Monday as the nation’s banks started to lower deposit rates amid narrowing interest margins. The People’s Bank of China said it kept the one-year medium-term lending facility rate unchanged at 2.75% while injecting 125.00 billion yuan ($17.96 billion) of liquidity via…
Fanatics Inc. will buy the U.S. operations of Australia’s PointsBet for about $150 million, in the company’s largest foray yet into sports betting. PointsBet PBH, -21.14% announced the deal Sunday night, specifying that the acquisition only applies to PointsBet’s U.S. assets, not its businesses in Australia and Canada. CNBC first…
Chinese lithium producer Ganfeng Lithium shares jumped in both Hong Kong and China, as investors welcomed the company’s latest move to expand its mining and battery production businesses. The company’s Hong Kong-listed shares 1772, +6.31% have gained as much as 8.0% and were last up by 5.5%. In Shenzhen, Ganfeng…
So much for the stock-market climbing the proverbial wall of worry. The S&P 500 index continues to struggle in a tight range and some analysts see little prospect for a breakout until two, very big worries are in the rearview mirror. No surprise, the culprits are the persistent worries about…