
Greg Morcroft
Greg Morcroft is a senior financial journalist with 25 years of experience at Reuters, Dow Jones, MarketWatch, The Deal, and now Fintel. He spent 11 years as a reporter at Reuters, then another five years as the New York News Editor at Dow Jones. He spent eight years as the New York Bureau Chief for MarketWatch/Dow Jones, before moving on to The Deal, where he was the Assistant Managing Editor. He specializes in premarket reporting, activist reporting, and editing across all asset classes.
by Greg Morcroft
- 2023-01-22
Netflix's (US:NFLX) shares rose 6.9% on Friday as investors bought on news that the reaming giant added 7.7 million new subscribers in the fourth quarter surpassing a 4.5 million target. The company plans to address password sharing and launch a new ad-supported subscription option to support the gains. The new option allows viewers to stream Netflix free with advertisements, and it hopes it will
NFLX
by Greg Morcroft
- 2023-01-22
Shell Plc (GB:SHEL, NL:RDS.A) U.S. subsidiary Shell USA said it's acquiring electric vehicle charger company Volta Inc. (US:VLTA) in an all-cash transaction valued at about $169 million. The deal calls for Shell USA to acquire all outstanding shares of class A common stock of Volta at 86 cents per share in cash upon completion of the merger. That's a roughly 18 percent premium to the Volta's Jan.
RDS.A
SHEL
VLTA
by Greg Morcroft
- 2023-01-17
Tesla (US:TSLA) CEO Elon Musk is set to face a securities-fraud trial in a San Francisco court on Tuesday over tweets from 2018 in which he suggested taking the company private, claiming he had secured funding.
TSLA

by Greg Morcroft
- 2023-01-17
Colombia's state-run oil company, Ecopetrol (US:EC, CO:ECOPETROL), made a splash in the global bond market with a premium $2 billion, 10-year bond sale last week.
EC

by Greg Morcroft
- 2023-01-17
Microsoft (US:MSFT) will likely receive an E.U. antitrust warning about its $69 billion bid for Activision Blizzard, which could pose another challenge to completing the previously announced deal. Reuters reported on Monday evening that The European Commission is preparing to send a charge sheet, known as a statement of objections, outlining its concerns about the deal to Microsoft in the coming w
MSFT

by Greg Morcroft
- 2023-01-17
Velodyne Lidar (US:VLDR) said Tuesday that proxy advisory firm Institutional Shareholder Services (ISS) recommended that shareholders vote for its proposed roughly $400 million merger with Ouster (US:OUST) at Velodyne's upcoming special shareholder meeting on Jan 26.
VLDR
OUST

by Greg Morcroft
- 2023-01-17
On Tuesday, Walt Disney Co. (US:DIS) defended its decision to deny Nelson Peltz a board seat, saying the activist investor "lacked the skills and experience" to help the media and entertainment giant. In a letter to shareholders, the house of Mickey Mouse also underlined the company's successes under Chief Executive Bob Iger, who recently returned from retirement to lead the company for a second t
DIS
by Greg Morcroft
- 2023-01-13
Porsche Cars North America, a unit of the public company Porsche AG (US:POAHF, DE:PAH3), said on Tuesday that it delivered 70,065 cars in the US in 2022, breaking the company's previous record set in 2021.
POAHF

by Greg Morcroft
- 2023-01-13
JPMorgan Chase Bank (US:JPM) on Wednesday this week filed a lawsuit against Charlie Javice, the founder of student finance startup Frank, a trustee, and another individual, accusing them of committing fraud to induce the bank to purchase the company for $175 million.
JPM

by Greg Morcroft
- 2023-01-12
Trian Fund Management, an investment firm whose funds collectively own approximately 9.
DIS

by Greg Morcroft
- 2023-01-12
Chevron (US:CVX) subsidiary Chevron New Energies unveiled a venture with Raven SR Inc.
HYZN
by Greg Morcroft
- 2023-01-11
Broadwind (US:BWEN) shares almost doubled on Wednesday after the precision manufacturer of structures, equipment and components for specialized applications said it's getting $175 million worth of new tower orders from a wind turbine manufacturer.
BWEN
by Greg Morcroft
- 2023-01-11
Online grocer Boxed's (US:BOXD) shares rose 46% on Tuesday to 56 cents a share after word it expanded its partnership with Google Cloud making its software-as-a-service (SaaS) platform, Spresso, available on the former's Marketplace.
BOXD

by Greg Morcroft
- 2023-01-11
Microsoft (US:MSFT) is exploring a significant investment in OpenAI, the wildly popular ChatGPT app creator.
MSFT
by Greg Morcroft
- 2023-01-11
Former FTX engineering chief Nishad Singh recently met with federal prosecutors in a proffer session in a bid to become the third member of Sam Bankman-Fried's inner circle to cooperate with authorities in the fraud case against the cryptocurrency exchange, according to published reports.
by Greg Morcroft
- 2023-01-10
Lululemon Athletica Inc. (US:LULU) saw its shares fall by more than 9% on Monday after the company warned that its profit margins would decline in the quarter ending January 29 and set earnings targets below Wall Street expectations. This news follows Macy's Inc. (US:M) cautioning that fourth-quarter sales would be at the low-to-midpoint of its guided range. However, not all apparel chains struggl
LULU

by Greg Morcroft
- 2023-01-06
The U.S. Securities and Exchange Commission (SEC) on Thursday sued eight individuals and companies for securities fraud and the sale of unregistered securities. The agency accused the defendants, Neil Chandran, Garry Davidson, Michael Glaspie, Linda Knott, Amy Mossel, Banner Co-Op, Inc., BannersGo, LLC, and AEO Publishing of bilking investors in several states of over $45 million through their off

by Greg Morcroft
- 2023-01-05
Silvergate Capital (US:SI), a provider of financial infrastructure solutions for the digital asset industry headquartered in La Jolla, California, fell almost 50% Thursday after it said that it would take a $196 million impairment charge in Q4 2022 and lay off staff after depositors withdrew the lion's shares of their digital assets after several recent industry failures.
SI
by Greg Morcroft
- 2023-01-05
Bed Bath & Beyond (US:BBBY) has announced that it has substantial doubts about its ability to continue as a going concern.
AMZN
BBBY
by Greg Morcroft
- 2023-01-05
The Securities and Exchange Commission (SEC) has charged Cooper Morgenthau, former Chief Financial Officer (CFO) of African Gold Acquisition Corp.
AGAC

by Greg Morcroft
- 2023-01-02
AMC Entertainment (US:AMC), the largest movie theater chain in the world, said Thursday it appointed Denise "Dee" Clark and Keri Putnam to its board of directors, effective Jan.
AMC

by Greg Morcroft
- 2023-01-02
Bed Bath & Beyond's (US:BBBY) stock took a hit on Friday after the company announced that it had received a letter from the Securities and Exchange Commission (SEC) requesting additional information about its annual report for fiscal 2021.
BBBY
by Greg Morcroft
- 2023-01-02
Canadian renewable energy developer Boralex (US:BRLXF) (CA:BLX) has acquired a 50% stake in five wind farms in Texas and New Mexico for $249.
BRLXF
BLX
by Greg Morcroft
- 2022-12-27
David Tepper, the founder and president of hedge fund Appaloosa Management, told CNBC on Thursday that he's bearish on the US stock market due to ongoing central bank tightening.

by Greg Morcroft
- 2022-12-27
Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been granted a $250 million bond while awaiting trial on fraud and other criminal charges.

by Greg Morcroft
- 2022-12-27
On Thursday, shares of APE (US:APE), a unit of AMC Entertainment Holdings (US:AMC), soared 75% after rising as much as 120% during the trading session after the parent company unveiled a dilutive capital raise and a proposed reverse stock split of its common shares.
AMC
APE

by Greg Morcroft
- 2022-12-22
Jonathan Litt's Land & Buildings Investment Management, a hedge fund and approximately 3% shareholder in Six Flags Entertainment (US:SIX), on Wednesday, urged radical changes and said that the theme park company could add $11 per share by monetizing its real estate and executing an operational turnaround.
SIX

by Greg Morcroft
- 2022-12-22
Micron Technology (US:MU) said Wednesday it lost $195 million or 18 cents per diluted share for the first quarter of fiscal 2023, compared to a net income of $2.
MU

by Greg Morcroft
- 2022-12-22
Mizuho analysts cut their price targets for three electric vehicle (EV) makers due to increasing consumer headwinds expected in 2023.
NIO
TSLA
RIVN

by Greg Morcroft
- 2022-12-21
FuelCell Energy's (US:FCEL) shares fell nearly 19% on Tuesday after the company reported growing losses.
FCEL
by Greg Morcroft
- 2022-12-21
Wells Fargo & Company (US:WFC) and its subsidiary, Wells Fargo Bank, N.A., said Tuesday that it agreed to pay $3.7 billion to resolve potential criminal and civil liability for behavior from 2002 to 2016 in which they pressured employees to meet unrealistic sales goals, which led to employees creating false accounts or selling products under false pretenses, often by creating false records or misu
WFC

by Greg Morcroft
- 2022-12-20
Epic Games, the company behind the popular "Fortnite" video game, agreed to pay $520 million to settle Federal Trade Commission (FTC) allegations that it violated online privacy protections for children and tricked players into making unintended purchases.
SONY
8439

by Greg Morcroft
- 2022-12-19
Altria Group (US:MO), a leading tobacco company active in the cannabis industry, said Monday that it abandoned its warrant to buy more Cronos Group (CA:CRON, US:CRON) shares and would see a $483 million loss on its 2022 U.
MO
CRON
CRON
TLRY

by Greg Morcroft
- 2022-12-15
On Wednesday, the Securities and Exchange Commission filed civil fraud charges in Manhattan against two men it said made $47 million in illicit gains by trading ahead of their clients to make a profit, a practice called front running.

by Greg Morcroft
- 2022-12-15
Mullen Automotive (US:MULN) shares surged almost 20% Thursday after the company said Randy Marion Auto Group ("RMA") committed to buy 6,000 Class 1 EV cargo vans worth about $200 million.
MULN

by Greg Morcroft
- 2022-12-15
Private equity firm Thoma Bravo said this week it is teaming up with the Abu Dhabi Investment Authority to buy Coupa Software (US:COUP) for $81 a share, a 30% premium to its last closing price ahead of the announcement.
COUP

by Greg Morcroft
- 2022-12-15
If 2022 has been any indication, 2023 could be a big year for activists. Several shareholder activists last week launched new campaigns or unveiled the latest moves in existing ones as 2022 draws to a close and activity rebound toward pre-pandemic levels. The rebound carried on from the third quarter, which Lazard analysts said represented the third consecutive quarter of year-over-year elevated a
BBWI
WEX
RCII
GCO

by Greg Morcroft
- 2022-12-14
A federal grand jury in the Southern District of Texas indicted eight men with conspiracy to commit securities fraud for a long-running, social media-based "pump and dump" scheme.
by Greg Morcroft
- 2022-12-14
On Tuesday, the U.S. Securities & Exchange Commission in the Southern District of Texas sued eight individuals it alleged manipulated stocks to defraud clients with a pump and dump scheme. The regulators said seven of the defendants—Perry Matlock, Edward Constantin, Thomas Cooperman, Gary Deel, Mitchell Hennessey, Stefan Hrvatin, and John Rybarcyzk—carried out the scheme, coordinating the acquisit

by Greg Morcroft
- 2022-12-09
Argus Research analysts on Thursday upgraded AT&T (US:T) to buy from hold and provided a thorough look at recent company developments and their implications.
T
VZ
TMUS

by Greg Morcroft
- 2022-12-09
Brazil's mining giant Vale SA (US:VALE) (BR:VALE3) is in talks to partner with another company to operate a reorganized, $20 billion, Canada-headquartered base metals business and expects to close a deal in 2023's first half.
VALE
GM
LTHM
GLEN
LTHM
by Greg Morcroft
- 2022-12-09
Saga Communications (US:SGA) on Wednesday said it rejected a confidential, unsolicited and nonbinding offer to acquire the company via either a cash and stock merger or for $30 to $33 a share in cash.
SGA
by Greg Morcroft
- 2022-12-08
On Tuesday, a pair of investment funds proposed shareholder resolutions at freight rail giants Union Pacific (US:UP) and Norfolk Southern (US:NSC) that would provide covered workers paid sick leave.
CSX
BRK.A
BRK.B
UP
NSC
by Greg Morcroft
- 2022-12-07
Pinterest (US:PINS) said Tuesday afternoon that it agreed to give activist investor Elliott Management a board seat and made other commitments as part of a standstill agreement.
PINS

by Greg Morcroft
- 2022-12-06
Rackspace Technology (US:RXT) shares fell for a second session Monday as the cloud computing company sorted out what triggered a security breach at its Hosted Exchange operation.
RXT

by Greg Morcroft
- 2022-12-06
HMI Capital Management said Monday that Coupa Software (US:COUP) is worth about $95 per share it and would oppose any offer that undervalued the company.
COUP

by Greg Morcroft
- 2022-12-06
Top Fisker (US:FSR) insiders, including the founders, bought Fisker shares in the open market on Monday after turmoil and share losses following a report published by short seller Fuzzy Panda Research.
FSR

by Greg Morcroft
- 2022-12-01
Private prison operator Geo Group's (US:GEO) shares staged a breakout this week, rising more than 15% through Wednesday after an analyst upgraded the stock and said several factors could drive demand.
GEO
CXW

by Greg Morcroft
- 2022-12-01
Honda Motor (US:HMC) (TYO:7627) said Wednesday it is expanding the capabilities of two autonomous driving programs and would roll out the features by 2030.
HMC

by Greg Morcroft
- 2022-11-30
Cannabis is quickly joining turkey, pumpkin pie and cornucopia as Thanksgiving totem.
KERN
by Greg Morcroft
- 2022-11-30
On Tuesday, electric truck startup Lordstown Motors (US:RIDE) said that its full-size electric Endurance pickup truck passed several final regulatory milestones and would begin shipping to customers.
RIDE
FSR
VEDL
by Greg Morcroft
- 2022-11-15
Activist hedge fund TCI Fund Management, which owns about $6 billion of Google parent Alphabet's (US:GOOG) outstanding shares, wants the company to aggressively cut costs and losses in long-term investments like its self-driving car unit Waymo, saying the company would be more efficient after the changes, The Wall Street Journal reported on Tuesday.
GOOG
by Greg Morcroft
- 2022-11-15
Late Monday, Paul Singer's activist fund Elliott Management filed a 13F holdings report with the US Securities & Exchange Commission revealing new positions in Clarivate (US:CLVT) and Triple Flag Precious Metals (CA:TFPM) (CA:TFPM).
UNIT
MMX
CLVT
TFPM
TFPM
HWM

by Greg Morcroft
- 2022-11-15
Activist investor Dan Loeb’s Third Point funds filed a 13F report disclosing a new 3.
CVE
EQT
AR
CRK
RRC

by Greg Morcroft
- 2022-11-14
Elon Musk's chaotic introduction to Twitter ownership dominated the news last week.
by Greg Morcroft
- 2022-11-10
Rivian (US:RIVN) shares rose on Thursday after the company reaffirmed its full-year outlook, calming investor fears about its latest loss report.
RIVN
by Greg Morcroft
- 2022-11-10
The Wall Street Journal on Thursday reported that Amazon.com (US:AMZN) Chief Executive Andy Jassy is leading a cost-cutting review at the company and is paring back nonprofitable businesses, including its Alexa operations. The report cited people familiar with the matter. The report said Amazon, whose stock is down by almost half this year, has been experiencing a slowdown in its core retail busin
AMZN
by Greg Morcroft
- 2022-11-10
Beyond Meat (US:BYND) shares took a wild ride on Thursday after the company reported worse than expected earnings.
BYND
by Greg Morcroft
- 2022-11-08
On Monday, German athletic apparel company Adidas (DE:ADS) (US:ADDYY)said it named Bjorn Gulden from rival Puma as its new chief executive officer.
ADS
ADDYY
by Greg Morcroft
- 2022-11-07
DraftKings' (US:DKNG) shares recovered some of their steep Friday loss on Monday as investors digested the company's latest earnings report.
DKNG

by Greg Morcroft
- 2022-11-07
Crown Holdings (US:CCK) said on Monday that its board set a shareholder rights plan, commonly called a poison pill, to defend against activist Carl Icahn's recent purchase of an 8.
CCK
by Greg Morcroft
- 2022-11-03
Nikola (US:NKLA) Chief Executive Officer Mark Russell said on Thursday's conference call that he's resigning immediately from the startup electric-truck maker that's had monumental issues for the last year.
NKLA
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by Greg Morcroft
- 2022-11-01
Pfizer (US:PFE) on Tuesday lifted its revenue outlook for the year, saying that it will have about $2 billion more COVID-19 vaccine sales than previously expected and now sees the Comirnaty vaccine generating $34 billion in sales this year.
PFE

by Greg Morcroft
- 2022-11-01
On Monday, self-driving truck maker TuSimple Holdings (US:TSP) said it fired its co-founder and Chief Executive Xiaodi Hou.
TSP
by Greg Morcroft
- 2022-10-28
Wingstop (US:WING) shares rose for a second straight day on Thursday, adding two percent a day after the company jumped more than ten percent after the company said chicken wing prices fell more than 40%, with savings going to the bottom line.
WING

by Greg Morcroft
- 2022-10-25
Beyond Meat (US:BYND) on Tuesday unveiled a new product and marketing campaign called Beyond Steak, a new configuration of its plant-based protein that mimics the flavor and texture of beef.
BYND

by Greg Morcroft
- 2022-10-25
Weber (US:WEBR) shares rose more than 30% on Tuesday after the iconic grill and smoker maker confirmed that BDT Partners, the company's largest shareholder, offered a 24% premium to buy the part of the company it doesn't already own.
WEBR

by Greg Morcroft
- 2022-10-25
On Tuesday, Coca-Cola (US:KO) said it would unveil new, smaller packaging to meet the reality of consumer inflation.
KO
/GettyImages-140890717-529fb6603c6d4d86ab99a2e8e927e3f1.jpg)
by Greg Morcroft
- 2022-10-24
Immunic (US:IMUX) shares fell 75% on Friday after the biotech company said an interim phase 1b trial review of its IMU-935 psoriasis treatment candidate produced unexpected results.
IMUX

by Greg Morcroft
- 2022-10-23
Adidas shares (DE:ADS) (US:ADDYY) slipped on Friday after the German shoemaker and athletic retailer said a one-two punch of weakening sales and pricing in western markets and ongoing production woes in China hit results.
ADDYY
ADS

by Greg Morcroft
- 2022-10-21
Tractor Supply (US:TSCO) shares slipped on Thursday as investors digested an earnings report and positive company guidance and tried to figure out the implications of declining sales but rising individual ticket prices.
TSCO

by Greg Morcroft
- 2022-10-20
Olaplex (US:OLPX) shares took a more than 50% haircut after the salon products firm trimmed its full year revenue outlook by more than 10%, and several analysts downgraded the shares.

by Greg Morcroft
- 2022-10-19
Colgate-Palmolive (US:CL) shares rose on Tuesday after news Dan Loeb's activist fund Third Point would unveil a "significant position" in a company that makes Colgate toothpaste and a myriad other consumer and home goods, and believe it should spin off its Hill's pet food business.
CL
S
CANO
by Greg Morcroft
- 2022-10-18
Broker Charles Schwab (US:SCHW) said on Monday that rising interest rates and robust customer inflows drove the company's most profitable quarter ever.
SCHW

by Greg Morcroft
- 2022-10-14
Bowlero Corp. (US:BOWL) said on Thursday it's expanding operations in the Midwest, striking a deal to buy The Mark near Omaha, NE and has completed the acquisition of Thunderbowl in nearby Council Bluffs, IA. It said its seven other pending purchases are under definitive agreements and should close in the next few months. Bowlero shares rose 2.4% on Thursday. The Mark is a family entertainment cen
BOWL

by Greg Morcroft
- 2022-10-14
Relmada Therapeutics (US:RLMD) shares tumbled more than 75% on Thursday after the biotechnology company said its most promising drug failed in late stage testing.
RLMD

by Greg Morcroft
- 2022-10-13
Electric-vehicle maker Lucid said Wednesday that it's on track to meet its revised 2022 sales guidance after it delivered just under 1,400 cars in the third quarter.
LCID
RIVN
by Greg Morcroft
- 2022-10-13
Weber (US:WEBR) shares were volatile again on Wednesday, falling more than eight percent after Bloomberg News reported it hired Centerview Partners to handle a proposed debt sale to its largest shareholder, 48% owner Chicago-based private equity firm BDT Partners, citing people familiar with the situation.
WEBR

by Greg Morcroft
- 2022-10-13
On Tuesday, Sarissa Capital Management, an activist investment firm focusing on the pharmaceutical sector, put pressure on Amarin (US:AMRN) to hold a special meeting to straighten out its board issues and halt a slide that's devoured two thirds of its value this year.
AMRN
by Greg Morcroft
- 2022-10-13
John Foley, the Peloton (US:PTON) co-founder and the former chief executive officer who stepped down in September, had faced several broker margin calls leading up to his departure.
PTON
UBER
DKS
AMZN

by Greg Morcroft
- 2022-10-12
Shares of Uber Technologies, Lyft, and DoorDash all fell on Tuesday after the federal government published a proposed rule that would make the companies' drivers employees and not contractors.
DASH
LYFT
DASH

by Greg Morcroft
- 2022-10-05
Argus Research analysts downgraded retail and manufacturing giant Nike Inc. (US:NKE) to hold from buy. They said the company would have to discount inventory it overstocked, which would eat away at gross margins. The downgrade follows Nike's generally positive results for the fiscal first quarter, including revenue and earnings per share above Wall Street's consensus estimates. The revenue beat by
NKE

by Greg Morcroft
- 2022-10-05
On Monday, financial technology firm Rocket Cos. (US:RKT) shook up its executive suite, saying Chief Financial Officer Julie Booth and General Counsel Angelo Vitale are stepping down to move to strategic advisory roles at the company. The mortgage lender said Booth became CFO in 2005, and Brian Brown, who joined the company in 2014, will replace her. The company said Tina John, previously Rocket's
RKT

by Greg Morcroft
- 2022-10-05
Two top cruise lines charted opposite courses on Monday, with Norwegian Cruise Line (US:NCLH) rising 0.
CCL

by Greg Morcroft
- 2022-10-02
The Securities and Exchange Commission Thursday charged Justin Costello with using a false persona as a Harvard-educated military veteran and hedge fund billionaire to defraud investors.

by Greg Morcroft
- 2022-09-30
The Securities and Exchange Commission on Thursday charged Barclays PLC (GB:BARC, US:BCS) and Barclays Bank PLC (BBPLC) with offering and selling unregistered securities and failing to implement any internal control to track such transactions in real time.
BARC
BCS

by Greg Morcroft
- 2022-09-30
Peloton Interactive Inc. (US:PTON) said it reached a deal to sell its popular exercise products at more than 100 Dick's Sporting Goods (US:DKS) stores on Thursday. The company said it's the first time it will sell products in physical locations other than its stores. Peloton said its merchandise should be in Dick's stores in time for the holiday season. Peloton shares fell 16% to $6.95. Peloton's
PTON
UBER
DKS
AMZN
by Greg Morcroft
- 2022-09-30
Household retailer and meme stock darling Bed Bath & Beyond (US:BBBY) posted a weak earnings report for the second quarter on Thursday, showing growing losses and weakening sales in a challenging economic climate.
BBBY

by Greg Morcroft
- 2022-09-30
Shares of payments company Billtrust (US:BTRS) jumped more than 60% on Wednesday after it said it agreed to sell itself to private equity firm EQT in an all-cash deal worth $1.
BTRS

by Greg Morcroft
- 2022-09-29
Well-known short seller, Spruce Point Capital said on Wednesday said it opened a new position in Broadridge Financial Solutions, Inc.
BR
COIN

by Greg Morcroft
- 2022-09-28
Remember that sketchy deli worth hundreds of millions of dollars on the market, and no one could figure out what was happening? The U.
HWIN
EWST

by Greg Morcroft
- 2022-09-28
Purple Innovation Inc. (US:PRPL) on Monday went to the mattresses in its fight with activist Coliseum Capital and its unsolicited buyout offer, adopting a shareholder rights plan known as a "poison pill," making it more costly for the company's biggest shareholder to accumulate more than its current 45% stake. The Utah-based mattress maker the plan would give its board more time to evaluate Colise
PRPL

by Greg Morcroft
- 2022-09-12
Digital World Acquisition (US:DWAC), the special purpose acquisition company, or SPAC, planning to take the parent of Donald Trump's social media venture Truth Social public, failed to get shareholder approval to extend an agreed deadline by another year, imperiling the $1.
DWAC
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by Greg Morcroft
- 2022-09-09
Mullen Automotive Inc.(US:MULN) shares rose Thursday after it bought a controlling interest in Bollinger Motors, an electric vehicle maker, for $148.2 million. The company said the purchase broadens its offerings to medium-duty truck classes 3-6, along with the B1 and B2 sport utility trucks, to its production. The buy gives a Mullen 60% of the company. The acquisition is one of the largest yet in
MULN

by Greg Morcroft
- 2022-09-09
SPAR Group, Inc. (US:SGRP) said Thursday that its board has begun a strategic review of its businesses and will consider all strategic alternatives, including a sale, merger, divestiture, recapitalization, going private, other strategic transactions, or continuing to operate as a public, independent company. SPAR said it hired Lincoln International LLC as its financial adviser for the review. SPAR
SGRP

by Greg Morcroft
- 2022-09-09
Twitter Inc. (US:TWTR) agreed in June to pay roughly $7 million to the whistleblower whose allegations will be part of Elon Musk's case against the company. The Wall Street Journal reported Thursday afternoon. Citing people familiar with the matter, the report said Peiter Zatko reached a seven million dollar settlement with Twitter before he filed his whistleblower complaint in July. A hacker turn
TWTR

by Greg Morcroft
- 2022-09-08
Cineworld Group PLC (US:CNWGY, GB:CINE), the world's second-largest movie theater group and parent of Regal Cinemas, said it filed for Chapter 11 bankruptcy in a Houston court and would look to reorganize as ticket sales never recovered from the COVID-19 pandemic closings.
AMC
APE
CNWGY
CINE

by Greg Morcroft
- 2022-09-07
You might not be able to buy a Porsche, but you'll soon have the chance to own a part of the company.
VOW3
VWAGY

by Greg Morcroft
- 2022-09-07
Reeling from the death of its chief financial officer last week, Bed, Bath and Beyond (US:BBBY) named an interim executive to fill the role on Tuesday.
BBBY

by Greg Morcroft
- 2022-09-07
E-cigarette maker Juul Labs Inc. said Tuesday it agreed to pay more than $400 million to thirty-three states and Puerto Rico to settle claims it targeted children with its products. Regulators said the investigation showed Juul used advertising that attracted teens to boost its vaping products' growth. "The investigation found that Juul relentlessly marketed to underage users with launch parties,
MO