Articles by Daniel Marsh
FedEx Gains on $2.6B Consortium Bid for European Locker Network InPost
FedEx shares advanced 0.8% as the company disclosed a $2.6 billion stake in a group offer to acquire European parcel locker operator InPost. The deal requires 80% shareholder approval and regulatory clearance.
Berkshire Hathaway Shares Steady Near $500 as UBS Highlights Defensive Stance, Buyback Doubts
Berkshire Hathaway's Class B shares traded around $500 as UBS emphasized its defensive appeal but noted limited buyback potential. Investors await capital deployment signals from new CEO Greg Abel.
Kroger Appoints Walmart Veteran Greg Foran as CEO, Shares Gain Slightly
Kroger has named former Walmart executive Greg Foran as its new chief executive, with a compensation package including a $1.5 million base salary and up to $12 million in annual stock awards. Shares rose 0.4% following the announcement.
Accenture Shares Slide on CEO Stock Sale and $1.4B Contract Challenge
Accenture stock fell 2.4% to $235.13, underperforming the market amid CEO share sales and a protest over a major U.S. Army cybersecurity contract.
Dauch Gains on Board Expansion, Executive Compensation Plan Ahead of Q4 Report
Dauch Corporation shares advanced 2.4% following the appointment of two independent directors and a new vice president with a performance-linked equity award. The company reports fourth-quarter results Friday.
Huntington Bancshares Shares Rebound on 2027 EPS Outlook and Merger Synergy Details
Huntington Bancshares stock rose 0.5% Wednesday, recovering from a prior sell-off, as investors assessed its 2027 EPS target of $1.90-$1.93 and $435M in projected annual cost synergies from recent acquisitions.
SoFi shares dip premarket amid insider sale, upgrade; focus turns to jobs data
SoFi Technologies stock edged lower in premarket trading as investors weighed a director's share sale against a bullish upgrade from Citizens. Market attention shifts to key U.S. labor market data.
Ondas Shares Stabilize Premarket Following 6% Decline Amid Israel Demining Contract
Ondas Holdings steadied in premarket trading after a 6.4% drop, as investors digest a new $30 million multi-year demining contract in Israel. Goldman Sachs disclosed a 4.2% stake in the company.
Plug Power Shareholder Vote Hangs in Balance as Stock Nears $2 Threshold
Plug Power shares declined 2.9% to $2.04 after a key proposal to double authorized shares narrowly failed to secure majority approval. The company also received revised job targets for its New York headquarters incentives.
Sheng Siong Stock Slides on OCBC Downgrade Despite Higher Valuation Target
Sheng Siong shares fell sharply after OCBC cut its rating to 'hold', citing elevated valuations ahead of the company's upcoming earnings report, even as the bank raised its price target.