Latest Stock offerings News

Alibaba striving to maintain US listing amid delisting fears

Aug. 01, 2022 20:43 PM EDT

HONG KONG (AP) — Chinese e-commerce firm Alibaba said Monday that it wants to keep its shares listed in both New York and Hong Kong, days after U.S. regulators included it in a list of companies that may be delisted for not complying with auditing requirements. The U.S. Securities...

Alibaba to seek primary listing in Hong Kong, adding to NYSE

Jul. 26, 2022 02:05 AM EDT

HONG KONG (AP) — Alibaba, the world’s biggest e-commerce company by sales, announced plans Tuesday to change the status of its shares traded in Hong Kong, making them more accessible to Chinese investors at a time when Beijing is pressing tech companies to share their wealth with the public. ...

Packers report revenues, profits above pre-pandemic levels

Jul. 22, 2022 17:32 PM EDT

GREEN BAY, Wis. (AP) — The Green Bay Packers’ revenues and profits soared above their pre-pandemic levels over the last year as they capitalized on the opportunity to play in full stadiums again. Packers officials released their financial totals for the 2022 fiscal year on...

Frontier Airlines says it lacks the votes for Spirit merger

Jul. 11, 2022 16:18 PM EDT

Frontier Airlines, facing likely defeat in its bid to merge with Spirit Airlines, says it is done with a bidding war and is asking for another delay in a shareholder vote on the deal. Frontier CEO Barry Biffle said in a letter made public Monday that his airline is “very far”...

Elon Musk's $44 billion Twitter deal gets board endorsement

Jun. 21, 2022 09:20 AM EDT

NEW YORK (AP) — Twitter's board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Musk reiterated his desire to move forward with the acquisition last...

Asian shares mixed after rate jitters tumble on Wall Street

Jun. 10, 2022 00:50 AM EDT

BANGKOK (AP) — Shares were mostly lower in Asia on Friday, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will double down on battling inflation with interest rate hikes. Tokyo's Nikkei 225 index lost 1.3% to 27,881.78 while the Kospi...

Major Dubai free zone operator becomes latest to offer IPO

Jun. 09, 2022 05:27 AM EDT

DUBAI, United Arab Emirates (AP) — A major free zone operator in Dubai owned by the sheikhdom's ruler said Thursday it would make an initial public offering on the local stock market, the latest state asset to list in an effort to boost the city-state's bourse. The TECOM Group,...

Sheryl Sandberg, long Facebook's No. 2 exec, steps down

Jun. 01, 2022 19:07 PM EDT

SAN FRANCISCO (AP) — Sheryl Sandberg, the No. 2 executive at Facebook owner Meta, who helped turn its business from startup to digital advertising empire while also taking blame for some of its biggest missteps, is stepping down. Sandberg has served as chief operating officer at...

Spirit tells shareholders to reject hostile bid from JetBlue

May. 19, 2022 09:00 AM EDT

Spirit Airlines is advising shareholders to reject a tender offer for shares from JetBlue three days after it went hostile in its bid to create what would be the nation’s fifth largest airline. Spirit repeated Thursday that any attempt to merge with the New York carrier would face...

Rebuffed by Spirit, JetBlue goes hostile in takeover bid

May. 16, 2022 16:56 PM EDT

JetBlue launched a hostile takeover bid for Spirit Airlines on Monday and asked shareholders of the low-cost carrier to reject a proposed acquisition by Frontier Airlines. JetBlue hopes that its move will push Spirit's board to the negotiating table after the board rejected an...