Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business (page 30)

Business

Virgin Galactic got more buying ratings on the latest Bank of America

(This story is for CNBC PRO subscribers only.) Virgin Galactic on Monday earned its seventh and eighth purchase ratings from Bank of America and Susquehanna, respectively, as the stock space stock continues to have bullish recommendations by all Wall Street firms covering it. In addition to the two most recent recommendations, Virgin Galactic also has equivalent purchase ratings from Morgan …

Read More »

ArcelorMittal USA sold to Cleveland-Cliff in end-of-an-era merger | Northwest Indiana Business Headlines

“Steel making is a business in which production volume, operational variability, dilution of fixed costs and technical expertise are paramount, and this transaction achieves it all,” he said by Lourenco Goncalves, chairman of the board, president and CEO of Cleveland-Cliff. “ArcelorMittal is a worldwide organization that we have long admired as our customers and our partners, and we know for …

Read More »

Cleveland-Cliff will buy ArcelorMittal USA for $ 1.4 Billion

(Bloomberg) – Cleveland-Cliff Inc. the US operation of ArcelorMittal SA for $ 1.4 billion in cash and shares to become North America’s largest steel producer. Ohio-based Cleveland-Cliff expects the second major deal in less than a year to boost sales in the important automotive market and help reduce costs. Earlier this year, the global steel industry saw the biggest decline …

Read More »

Inovio shares fell 33% while the COVID-19 vaccine test was postponed

Shares of Inovio Pharmaceuticals Inc. INO, + 10.21% stopped and then dropped 33.6% when they resumed premarket trading on Monday when the company said the Phase 2/3 clinical trial for the COVID-19 vaccine candidate was in a “partial clinical handling” while responding its further questions from Food and Drug Administration The handling was not due to a bad event, which …

Read More »

Uber May Continue to Run in London, Rules Judge

LONDON – Uber achieved significant success on Monday when a judge restored the company’s transportation license to London, one of the most important global markets, where regulators threatened to ban its vehicles on the road due to safety concerns. . A deputy chief justice, Tan Ikram, said Uber has met a “fit and proper” standard to receive a license within …

Read More »

Oil prices are falling as cloud demand cases of cloud demand are rising

Merrill Lynch Wealth Management president Andy Sieg discusses his vision for the markets. Oil prices fell on Monday as rising coronavirus cases sparked concern about demand, with major crude benchmarks being tracked for their first monthly crash since April. Brent crude LCOc1 fell 32 cents, or 0.7%, to $ 41.60 a barrel at 0915 GMT. US West Texas Intermediate CLc1 …

Read More »