FOX News Congressional Correspondent Chad Pergram has the details from Capitol Hill on 'Special Report'
FOX News Congressional Correspondent Chad Pergram has the details from Capitol Hill on 'Special Report'
Jordan Spieth had his longest stretch all day of mere pars — a whopping four holes — on the besieged new home course of the AT&T Byron Nelson when the local favorite stepped over a 55-foot eagle putt on the par-5 18th. Spieth, Spaun and plenty of others had little trouble with TPC Craig Ranch north of Dallas. Hideki Matsuyama sputtered on the front nine in his first appearance since becoming the first Japanese player to win the Masters, then stalled again after three straight birdies to start the back nine.
(Bloomberg) -- Companies out on the road meeting investors to pitch an initial public offering have hit a bump.At least two planned listings have been delayed due to market volatility. Hear.com NV, a hearing-aid service provider backed by private equity firm EQT AB, has postponed its IPO, which was slated to price on Thursday, the company said in a statement, confirming an earlier Bloomberg report.Hear.com said “challenging equity market conditions” led to the delay and it will continue to monitor the market for another window. It was planning to raise as much as $324 million, filings show.Genworth Financial Inc. announced Thursday that it’s postponing the IPO of its subsidiary Enact Holdings Inc., citing trading volatility in the mortgage insurance sector. Genworth had planned to raise $542 million, according to earlier filings with the U.S. Securities and Exchange Commission.“Genworth’s board of directors determined that current market pricing for the planned offering does not accurately reflect Enact’s value,” the company said in a statement.Read more: Technology Shares Pare Gains; Crude Oil Declines: Markets WrapBrazillian software company Zenvia Inc., which sought to raise as much as $226 million on Thursday, also has postponed its IPO, Dow Jones reported, citing people familiar with the matter. A representative for Zenvia didn’t immediately respond to a request for comment.Volatility JumpsWhile all major U.S. indexes snapped back Thursday and recouped some earlier losses, the three-day slide that started the week -- prompted by concerns about inflation -- was enough to spook companies hoping to make their market debuts. The Chicago Board Options Exchange’s Volatility Index rose to the mid-20s level this week, the highest since March. Bankers usually advise companies to go public when the VIX is below 20.Amir Schlachet, chief executive officer of Global-E Online Ltd., a e-commerce software provider that pushed ahead with its IPO on Wednesday, said the company had “managed to select a pretty horrible day to go to the public market.”“It’s very hard to time the exact day,” Schlachet said in an interview. “What really matters is how it trades in three months, six months, one year.”Bumble, HonestThe turbulence has also affected other equity issuances, and hit companies that have recently joined the public markets. BRT Apartments Corp. canceled a secondary offering of two million shares, citing volatility. Its stock jumped as much as 15% on the news.Shares in Bumble Inc., Honest Co., Affirm Holdings Inc. and Couping Inc., which all went public this year, have each slipped below their IPO prices in recent days.The pullback could threaten 2021’s booming market for IPOs, which has seen companies raise more than $277 billion globally in the biggest start to a year on record.Oatly, SquarespaceMuch of that activity has come from a rush to launch special purpose acquisition companies, with blank-check listings accounting more more than a third of the market, according to data compiled by Bloomberg. SPAC issuance is already under threat, though, after a crackdown by U.S. regulators on how accounting rules are applied to the shell companies.A bounceback by end of Thursday could benefit next week’s listing hopefuls. Oatmilk maker Oatly Group AB is expected to start raise up to $1.65 billion and begin trading next week while website designer Squarespace Inc. had said in a filing that its direct listing is happening on Wednesday.Read more: SPAC Boom Faces New SEC Threat With Accounting Crackdown(Updated with Hear.com’s statement in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Michael Jai White, whose work as an an actor, director and writer includes “Arrow,” “The Dark Knight,” “Spawn” and “Mortal Kombat: Legacy,” announced the launch of Jaigantic Studios, which will be Connecticut’s first mini-major studio. White has long wanted to return to his home state to expand the industry with a studio that will provide […]
In the 24 hours since Wednesday’s real-time implosion of the Joe Budden Podcast, during which the host of the popular twice-weekly show fired his longtime cohosts Rory Farrell and Jamil ‘Mal’ Clay (or Rory and Mal, as they’re known colloquially) in the wake of a pay and “accounting” dispute, PTSD has subsided and it got […]
Two deputies fired for their inaction in a Florida school shooting that left 17 people dead must be reinstated with back pay, a judge has ruled. Broward County deputies, Brian Miller and Joshua Stambaugh, were fired in the wake of the 2018 massacre at Marjory Stoneman Douglas High School in Parkland, Florida. Now Broward Circuit Judge Keathan Frink has decided that arbitrators last year were correct in ruling that the fired deputies should get their jobs back.
A U.S. judge on Thursday dismissed antitrust claims against Alphabet Inc's Google brought by a group of advertisers, though offered them a chance to try again after addressing her "serious concerns." The ruling by District Judge Beth Labson Freeman in San Jose, California marks one of the first major decisions in a spate of antitrust cases filed against Google over the last two years by users and rivals as well as the U.S. Department of Justice and state attorneys generals.
Jeffrey Gundlach, DoubleLine CEO, joined Yahoo Finance's Julia La Roche for an exclusive interview to discuss his market outlook, inflation, commodities, and bitcoin.
Motorists found gas pumps shrouded in plastic bags at tapped-out service stations across more than a dozen U.S. states Thursday while the operator of the nation’s largest gasoline pipeline reported making “substantial progress” in resolving the computer hack-induced shutdown responsible for the empty tanks. About 70% of North Carolina’s gas stations were still without fuel amid panic-buying and about half the stations in Virginia, South Carolina and Georgia were tapped out, GasBuddy.com reported. Washington, D.C., was among the hardest-hit locations, with 73% of stations out, the site’s tracking service showed.President Joe Biden said Thursday that U.S. officials do not believe the Russian government was involved in the hack of the Colonial Pipeline, which stretches from Texas to New Jersey. But he added, “We do have strong reason to believe that the criminals who did the attack are living in Russia. That’s where it came from.”A cyberattack by hackers who lock up computer systems and demand a ransom to release them hit the pipeline on Friday. The hackers did not take control of the pipeline’s operations, but Colonial shut it down to contain the damage.The U.S. was in direct communication with Moscow about the need to take action against ransom networks, Biden said. The FBI has said the ransomware belonged to a criminal syndicate known as DarkSide.After restarting operations Wednesday, Georgia-based Colonial Pipeline said in a Thursday update that gasoline deliveries were underway in all of its markets. It will take “several days” for things to return to normal, and some areas may experience “intermittent service interruptions during this start-up period,” the company said.The Northeast has seen fewer shortages since those states get more of their gas supplies from ocean tankers and other sources. The Colonial Pipeline delivers about 45% of the gasoline consumed on the East Coast, but there were no gasoline shortages, according to government officials and energy analysts, just delays in delivering the fuel from Gulf Coast refineries.“We are not out of the woods yet, but the trees are thinning out,” Richard Joswick, global head of oil analytics at S&P Global Platts, said.Gas stations should be back to normal next week, though, if the pipeline restart goes as planned and consumers are convinced that they no longer need to panic-buy fuel, Joswick said. He estimated that full recovery for the East and Gulf coasts would take at least a couple of weeks.In Virginia, however, the pipeline shutdown still produced palpable effects Thursday. Stephen Brich, the Virginia Department of Transportation highways commissioner, said the agency is limiting nonessential travel and asking its employees to continue working remotely as a conservation strategy. The decision impacts about 4,000 workers.Workers are still responding to emergency issues such as potholes, malfunctioning traffic signals and bridge issues. There are sufficient supplies of unleaded and diesel fuel to maintain services for several more weeks, Brich said.The run on gas also prompted an urgent warning in the state that people should never siphon gasoline off by mouth with hoses, an advisory that followed calls in recent days about people who were poisoned. One man sucked gasoline into his lungs, causing significant distress, Dr. Chris Holstege, the medical director of the Blue Ridge Poison center at UVA Health, said.The governors of both Virginia and North Carolina declared states of emergency to help ensure access to gasoline. Other governors urged people not to hoard supplies.“There is available fuel supply in and around our state, and it will take time for tankers to move that supply to the stations that are experiencing shortages,” North Carolina Gov. Roy Cooper said. He reiterated calls for residents not to make any unnecessary trips to the pump, and at least five school systems in the state announced they would temporarily shift to remote learning due to the scarce fuel.The search for working gas pumps has frayed the nerves of some drivers. Two people were charged with assault after spitting in each other’s faces over spots in a line at a Marathon station in Knightdale, North Carolina, on Tuesday afternoon, authorities said.The shutdown even affected hikers long the Appalachian Trail, which stretches from Georgia to Maine. They depend on cars and vans to access the trail and get supplies.“Everybody’s out here buying from the same gas pumps, so the lines are long, some are out — you’ve really got to look for it,” said Ron Brown, who operates Ron’s Appalachian Trail Shuttles.In Georgia, racetracks and other entertainment venues rely on many fans who drive from surrounding states such as Alabama, Florida and Tennessee, and the concern is that higher gas prices – or shortages – might keep fans at home.“Fuel prices do affect the amount of people who come, especially long distances,” said Sydney Marshall, general manager of the South Georgia Motorsports Park in Adel, Georgia, and the Orlando Speed World Dragway in Florida. “It’s definitely a concern of mine because if there’s a gas shortage, people aren’t going to be able to get here.”(AP)
At this time, I would like to welcome everyone to TransAlta Corporation's First Quarter 2021 Results Conference Call. With us today are John Kousinioris, President and Chief Executive Officer; Todd Stack, EVP, Finance and Chief Financial Officer; and Kerry O'Reilly Wilks, EVP Legal, Commercial and External Affairs.
The statements made during this conference about the Company's prospective businesses, projections and potential growth are merely forecasts based on management's expectations regarding the future of the Company. This video conference will be presented by BRF's Global CEO, Mr. Lorival Luz. The Vice Presidents of the Company are also present.
The new research examined links between heart health and cognitive function.
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It appears John Mulaney has a new lady in his life. Days after news broke he was divorcing his wife of six years, Anna Marie Tendler, reports claim the comedian has moved on with Olivia Munn.
Manchester United 2-4 Liverpool: Jurgen Klopp’s side remain in the hunt for a Champions League place
A group of scientists urged the Biden administration Thursday to restore legal protections for gray wolves, saying their removal earlier this year was premature and that states are allowing too many of the animals to be killed. The U.S. Fish and Wildlife Service dropped wolves in most of the lower 48 states from the endangered species list in January. The decision was among more than 100 Trump administration actions related to the environment that President Joe Biden ordered reviewed after taking office.
With the playoffs right around the corner, it's time to look at who could be a key difference-maker this postseason.
Ministers are poised to order further action in response to the spread of the Indian coronavirus variant of concern as new figures show cases have more than doubled in a week. Data from Public Health England (PHE) shows a rise in cases from 520 to 1,313 this week in the UK, with the agency saying cases were “rising in the community” and it was assessing the impact and severity of the variant. One response being considered is bringing forward the date for a second dose of vaccine for eligible groups to increase protection.
Shareholder rights law firm Robbins LLP announces that a class action has been filed on behalf of all purchasers of PureCycle Therapeutics, Inc. (NASDAQ: PCT) and/or Roth CH Acquisition I Co. (ROCH) between November 16, 2020 and May 5, 2021, and all holders of ROCH securities entitled to participate in the March 16, 2021 shareholder vote on the merger with PureCycle. The complaint against the Company and its officers and directors alleges violations of the Securities Exchange Act of 1934 between December 16, 2020 and April 19, 2021. PureCycle provides recycling services.
The top golf courses in the world are secretive about what it costs to become a member. If you have to ask, you'll never know.
CBB Bancorp, Inc. ("Company") (OTCQX: CBBI) announced today that it has received all regulatory approvals required to complete its previously announced agreement to acquire Ohana Pacific Bank, located in Honolulu, Hawaii. The Company also announced that the Ohana Pacific Bank stockholders have approved the transaction.