Stock News:
- Alphabet Inc: Milan prosecutors plan to drop a case against the company after it agreed to pay $340 million to settle a tax claim.
- Apple Inc: The company is set to launch a new budget iPhone model to compete with rivals.
- AtkinsRealis Group Inc: CIBC raised its target price to C$92 from C$88 after acquiring a 70% stake in David Evans Enterprises.
- Bombardier Inc: Canadian investigators are probing a Delta Air Lines crash involving a Bombardier-made regional jet.
- BHP Group Ltd: Raised $3 billion through senior unsecured bonds for corporate purposes.
- BP Plc: BHP considering selling its Castrol lubricants business for approximately $10 billion.
- Cadence Design Systems Inc: Forecasted annual revenue and profit below analyst estimates due to soft demand for chip design software.
- Chevron Corp: Plans to lay off 8,000 employees amid a decline in oil prices and a reduced 2024 profit forecast.
- CoStar Group Inc: Forecasted annual revenue below estimates due to challenges in the property market.
- Constellation Energy Corp: Skipped its quarterly earnings investor call, opting for a prior call due to its $16.4 billion acquisition of Calpine.
- Delta Air Lines Inc: Investigators are analyzing black boxes from a Delta regional jet crash in Toronto.
- Devon Energy Corp: Beat analysts’ expectations for Q4 profit, with higher production compensating for lower prices.
- EQT Corp: Beat analysts’ expectations for Q4 profit, benefiting from higher natural gas prices and sales.
- Equifax Inc: A lawsuit against the company for monopolizing the market for income and employment verification services will proceed.
- Ford Motor Co: Middle managers will not receive stock bonuses this year to cut costs.
- Global Blue Group Holding Ltd & Shift4 Payments Inc: Shift4 to acquire Global Blue in a $2.5 billion deal.
- HSBC Holdings Inc: Aims to save $1.8 billion in costs by the end of next year, alongside a $2 billion share buyback.
- Intel Corp: Silver Lake is in exclusive talks to buy a majority stake in Intel’s Altera business.
- James Hardie Industries Plc: Reported strong Q3 profits, projecting growth and margin expansion for FY2026.
- LyondellBasell Industries N.V: Will begin layoffs at its shuttered Houston refinery in April.
- National Health Investors Inc: Activist investor Jonathan Litt is launching a proxy fight and nominating two directors.
- Occidental Petroleum Corp: Struck deals to divest upstream assets for $1.2 billion, reporting a Q4 loss.
- Supernus Pharmaceuticals Inc: Depression treatment trial failed to meet the main goal, causing a decline in shares.
- Tesla Inc: Progressing toward opening showrooms in New Delhi and Mumbai for selling electric cars in India.
- UniCredit: Could withdraw its buyout offer for Banco BPM if shareholders back a competing bid for Anima Holding.
- Xerox Holdings Corp: Launched a $1 billion buyback program.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
