PacWest Bancorp said on Monday it was selling a $3.54 billion lender finance loan portfolio to Ares Management (NYSE:ARES), in an attempt to boost liquidity at the U.S. regional lender, sending its shares up 7% in premarket trading. A relentless rate hike campaign by...
U.S. stock futures weakened Friday, with Wall Street on course to post a losing week with sentiment hit by the potential for further monetary tightening later in the year. By 07:55 ET (11:55 GMT), the Dow futures contract was down 105 points, or 0.3%, S&P 500...
Morgan Stanley analysts downgraded Tesla (NASDAQ:TSLA) shares to Equal Weight from Overweight, sending shares almost 4% lower in premarket Thursday. They raised the price target to $250 per share from the prior $200, with the new target suggesting a modest downside to...
The number of people filing for state unemployment benefits for the first time held steady at a 20-month high last week, remaining elevated for a third straight week in what may be an early indication of a softening labor market in the face of the Federal...
Intel (NASDAQ:INTC) said it has agreed to sell a roughly 20% stake in its IMS Nanofabrication GmbH business to Bain Capital Special Situations. The deal values the Austria-based IMS business at about $4.3 billion. Intel expects the deal will be closed in the third...
By Sam Nussey and Anton Bridge TOKYO (Reuters) -SoftBank Group CEO Masayoshi Son said on Wednesday that his tech investing conglomerate plans to shift its stance to “offence mode” amid excitement over advances in artificial intelligence. The group had...
