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Wall Street rallies to its best day in months, but that’s not enough to salvage its losing week
NEW YORK (AP) — U.S. stocks rallied to their best day in months on Friday as Wall Street’s roller coaster suddenly shot back upward. That still wasn’t enough to keep the U.S. market from a fourth straight losing week, its longest such streak since August. The S&P 500 jumped 2.1% a day after closing more than 10% […]
RTX to sell cyber, intelligence biz for $1.3B amid Q3 slump
RTX has agreed to sell its cybersecurity, intelligence and services business segment for about $1.3 billion and announced a $10 billion stock buyback program Tuesday as it seeks to recover from a manufacturing quality issue in a jetliner engine that has plagued the Arlington County-based Fortune 500 defense and aerospace contractor since the summer. RTX, […]
Dominion Energy shareholders receive mini-tender offer
Dominion Energy is urging its shareholders to reject a “mini-tender” offer from TRC Capital Investment, the Richmond-based Fortune 500 utility announced Monday. Toronto-based investment firm TRC Capital offered to purchase up to 2 million shares of Dominion Energy’s common stock for $44 per share in cash, approximately 4.47% below the closing price of Dominion common […]
Ferguson parent company moves primary listing to NYSE
The U.K.-based parent company of Newport News plumbing, HVAC and industrial product distributor Ferguson Enterprises LLC has transferred its primary stock listing from the London Stock Exchange to the New York Stock Exchange, Ferguson PLC announced Thursday. “We are excited to achieve this key milestone as our listing structure is now fully aligned with our […]
PAE stockholders approve $1.9B acquisition by Amentum
Falls Church-based government contractor PAE Inc. (Pacific Architects and Engineers) announced Thursday its stockholders voted to approve and adopt the company’s previously announced agreement to be acquired by an affiliate of Germantown, Maryland-based aerospace defense contractor Amentum Services Inc. in a $1.9 billion all-cash deal. The transaction is expected to close on or around Feb. [[...]
Alpine-X opens crowdfunding campaign to public investors
Alpine-X LLC, a McLean-based indoor snow sports company, announced a crowdfunding campaign to open the stock to public investors. The offering — started on crowdfunding site Republic — allows accredited and non-accredited investors to own a piece of the McLean-based company that is planning a national chain of indoor ski resorts. So far, more than […]
