Video game publisher Electronic Arts Inc forecast full-year adjusted revenue above Wall Street estimates on Tuesday, riding on the broader surge in videogame sales as people shelter at home due to the COVID-19 pandemic.
Live Oak Acquisition, a blank check company formed by merchant bank Live Oak and led by the former CEOs of FBR and Nuveen, raised $200 million by offering 20 million units at $10. Units consist of one share of common stock and one half of a warrant exercisable at $11.50. Anchor i
Latin American e-commerce company MercadoLibre is one of the few firms not scaling back spending amid the coronavirus pandemic and plans to move forward with a planned 4 billion reais ($717 million) investment in Brazil this year, an executive told Reuters on Tuesday.
Abandoning its efforts to salvage the deal through legal action, L Brands (NYSE: LB) said yesterday it agreed to terminate the sale of a controlling interest in Victoria's Secret. The acquisition, originally giving private equity firm Sycamore Partners a 55% stake in the lingeri
Drugmaker AbbVie has won U.S. antitrust approval to buy Botox-maker Allergan, a blockbuster $63 billion deal when it was announced last year, the companies announced on Tuesday.
What happened
Shares of Compass Diversified Holdings (NYSE: CODI) plummeted today -- down 10.9% as of 1:05 p.m. EDT -- after the private equity firm announced a series of fundraising measures that apparently spooked investors.
Spirit AeroSystems Holdings said on Tuesday it has reached an agreement with Boeing Co to deliver 125 737 MAX shipsets to the planemaker in 2020, down from the 216 it had previously announced.
What happened
Airline shares were under pressure again on Tuesday following a report that United Airlines Holdings (NASDAQ: UAL) is plotting significant layoffs once a government ban on job cuts expires on Sept. 30.
São Luis became Brazil's first major city to begin a coronavirus "lockdown" on Tuesday with another, Fortaleza, saying it would follow suit on Friday, as local health services struggle to cope with the pandemic.
(RTTNews) - Western Union Co (WU) Tuesday reported a profit for the first quarter that trumped Wall Street estimates, but revenues fell short of expectations. Moving ahead, the company said it can't "reasonably project" the impact of ongoing COVID-19 pandemic on its financial re
(RTTNews) - Electronic Arts Inc. (EA) said, for the first quarter ending June 30, 2020, the company projects: earnings per share to be approximately $0.93; and net revenue to be approximately $1.220 billion. Net bookings is anticipated to be approximately $1.00 billion.
A gauge of global stock markets rose on Tuesday, snapping a three-day losing streak, while oil prices soared as investors shrugged off grim economic data on hopes the easing of coronavirus lockdowns will jump start economies and revive fuel demand.