The U.S. stock market staged a comeback on Friday, marking a sharp rebound after a subdued start to the new year. Investors ended the holiday-shortened week with optimism bolstered by expectations of potential rate cuts and the prospect of pro-business policies under the new regime. Technology stocks played a pivotal role in Friday’s rally.The S&P 500 rose 1.3% to close at 5,942.47, while the Nasdaq Composite Index jumped 1.8%, ending the session at 19,621.68. The Dow Jones Industrial Average climbed 0.8% t ...

Former Pioneer Natural Resources Managing Associate General Counsel Bryan L. Clark Joins Bracewell's Dallas OfficeJanuary 06, 2025 10:56 AM EST | Source: BracewellDallas, Texas--(Newsfile Corp. - January 6, 2025) - Bracewell LLP announced today that Bryan L. Clark has joined the firm's Dallas office as a partner in both the firm's oil and gas and energy transition practice groups. Clark is returning to private practice after serving for over a decade as the primary midstream counsel at Pioneer ...

General Motors Company (GM) had a robust 2024, achieving growth in U.S. sales and market share with its revamped lineup of electric and gas-powered vehicles. In 2024, GM’s total sales increased 4% to 2.7 million units, the company’s highest since 2019. GM estimates its 2024 market share at 16.5% and ended the year with 54 days of inventory, aligning with its target. All major brands — Chevrolet, GMC, Buick, and Cadillac — posted significant sales gains.In the fourth quarter, GM's sales rose 21% year over ye ...

General Motors (NYSE: GM ) trades for an extraordinarily low valuation for a company in the S&P 500. Compared to the index average of almost 30x earnings, General Motors trades for under six times earnings, a sizable differential. So what justifies this lowDaly Asset Management is a Maryland based C-Corp designed to aggressively grow the owners assets. We pursue deep value investments, companies with unrecognized growth potential, and employ options to outsize returns. We intend to publish research roughly ...

Share Price Decline - Shares of Air Products declined by 13.2% in December, driven by administrative matters rather than end markets or operational issues [1] Activist Hedge Fund Involvement - Mantle Ridge, an activist hedge fund owning 1.8% of Air Products' stock, initiated a conflict with the company's management in December [2] - Mantle Ridge proposed four independent candidates to the Board, including former Praxair CEO Dennis Reilley, and aims to appoint Eduardo Menezes as CEO [3] - The hedge fund filed a proxy statement urging investors to vote for its nominees at the AGM on Jan 23, citing underperformance and management problems [4] Air Products' Response - Air Products' Board criticized Mantle Ridge's track record, citing its history of value destruction and lack of a serious plan [5] - The Board highlighted Mantle Ridge's three successive settlements with companies and subsequent stock underperformance [5] - The Board questioned the qualifications of Mantle Ridge's proposed candidates, noting Menezes' lack of CEO experience and Reilley's absence from operational roles for over 17 years [5] Ongoing Battle - Both parties have issued investor presentations outlining their strategies, setting the stage for a continued battle for shareholder support leading up to the AGM on Jan 23 [6] - The share price decline may reflect market speculation about Mantle Ridge's potential success, with uncertainty expected to persist until the AGM [6]

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ToplineConstellation Brands, the producer of Modelo and Corona, lost about $450 million in market capitalization as shares for several alcohol makers and distributors dipped on Friday after Surgeon General Vivek Murthy called for Congress to update warning labels on alcoholic beverages to include cancer risks.Drinking alcohol results in an increased risk of at least seven types of cancer, Vivek Murthy said.Copyright 2010 AP. All rights reserved. Key FactsShares of Constellation Brands dropped by more than 1 ...

ATLANTA, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (NYSE: GTN) today announced the promotion of Alison Davis to the position of General Manager of WTOK, the ABC/CW/Telemundo affiliate in Meridian, Mississippi, effective January 6, 2025. She will retain her current position as Director of Sales for the station. Alison Davis has more than 30 years experience in media sales. After beginning her broadcast career as a local account executive in Fort Wayne, Indiana, she relocated to Indianapolis, Indian ...

Dollar General (DG -0.25%) is a business that needs a catalyst to turn things around, desperately. Over the past 12 months, it has lost more than 40% of its value. Simply opening more stores for the sake of increasing sales hasn't been paying off.The large discount retailer is facing many challenges these days. It has said in the past that its core customers are struggling, and many of those cash-strapped shoppers are turning to online retailers for cheap goods. Even if it means waiting a few weeks, shopper ...

Core Viewpoint - iClick Interactive Asia Group Limited has successfully held an extraordinary general meeting where shareholders approved a merger agreement with Amber DWM Holding Limited, leading to significant changes in the company's structure and name [2][3][5]. Group 1: Merger Approval - Shareholders approved the merger agreement dated November 29, 2024, which involves the merger of Overlord Merger Sub Ltd. with Amber DWM, making Amber DWM a wholly-owned subsidiary of iClick [2]. - Additional proposals related to the merger were also approved, including amendments to the company's memorandum and articles of association, a change of the company's name to Amber International Holding Limited, and variations in the authorized share capital [3]. Group 2: Share Capital and Structure Changes - The authorized share capital will be adjusted to US$1,300,000, divided into 1,300,000,000 new ordinary shares, comprising 1,191,000,000 New Class A Shares and 109,000,000 New Class B Shares [3]. - The conversion of ICLK Class B Shares to ICLK Class A Shares will occur immediately before the effective time of the merger [3]. Group 3: Next Steps and Conditions - The completion of the merger is contingent upon satisfying or waiving closing conditions outlined in the merger agreement, including obtaining necessary regulatory and stock exchange approvals [5]. - The company will collaborate with other parties to fulfill all conditions precedent to complete the merger as swiftly as possible [5].