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Shareholder rights law firm Robbins LLP reminds investors that 3D Systems Corp. (NYSE: DDD) and its officers and directors have been sued for alleged violations of the Securities Exchange Act of 1934 between May 6, 2020 and March 1, 2021. 3D Systems provides comprehensive 3D printing and digital manufacturing services and digital design tools.
Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today issued the following statement regarding Canadian National's unsolicited offer to acquire Kansas City Southern ("KCS"):
The Detroit Tigers will play a seven-inning doubleheader against the Pirates on Wednesday with the series finale still scheduled for Thursday.
Stocks on Wall Street fell for a second straight day on Tuesday as a global spike in coronavirus cases hit travel-related shares and investors had second thoughts about big U.S. banks' apparently stellar earnings last week. Kansas City Southern surged 15.2% on the prospect of a bidding war after Canadian National offered about $30 billion for the U.S. railroad, some $5 billion more than an earlier offer from Canadian Pacific. Shares of airline operators and cruiseliners including JetBlue Airways, American Airlines, Norwegian Cruise Line and Carnival Corp, which were hammered last year during lockdowns but have climbed recently on the reopening hopes, fell more than 4%.
(Bloomberg) -- U.S. stocks fell for a second day as rising virus cases around the world led to renewed concern over the continued economic impact, overshadowing a batch of solid corporate results.The S&P 500 extended its slide from an all-time high, with investors showing caution ahead of the brunt of the earnings season. All eyes will be on whether an anticipated rise in profits will bring with it forecasts for stronger growth ahead. International Business Machines Corp. climbed after reporting its largest revenue growth in 11 quarters, while United Airlines Holdings Inc. paced a selloff in travel stocks on a bigger-than-expected loss. Netflix Inc. plunged in postmarket trading as its first-quarter subscriber growth fell short of the average analyst estimate.Other corporate highlights:Johnson & Johnson posted stronger-than-expected sales, while Travelers Cos.’s earnings beat estimates and Philip Morris International Inc. raised its outlookProcter & Gamble Co. is boosting the prices of some consumer products as the household-goods behemoth grapples with higher commodity costsWhile American equities are trading at a valuation that’s about 35% above the average of the past decade, investors are focused on what’s forecast to be the best earnings season in two years. One of their biggest concerns is whether companies are equipped to handle mounting inflation pressures as the economic recovery gains momentum.“Earnings season is ramping up, and there’s this concern about how the multinationals will give their guidance in view of the fact that we haven’t drawn a line under Covid yet,” said Fiona Cincotta, senior financial markets analyst at City Index. “That is just starting to unnerve investors. Demand for riskier assets has come off.”For David Donabedian, chief investment officer at CIBC Private Wealth Management, the stock market has been just taking a breather after a big rally, but there are still reasons to be bullish.“The economic recovery has taken hold, the earnings recovery has taken hold, everything we’ve seen from first-quarter earnings so far has been that it’s going to be a blowout quarter,” he said.Elsewhere, the dollar rose for the first time in seven sessions, while the Treasury 10-year yield dropped to the lowest level in more than five weeks.Here are some key events to watch this week:EIA crude oil inventory report on Wednesday.European Central Bank rate decision and President Christine Lagarde briefing on Thursday.U.S. releases new home sales data Friday.These are some of the main moves in markets:StocksThe S&P 500 decreased 0.7% at 4 p.m. New York timeThe Nasdaq 100 dipped 0.7%The Dow Jones Industrial Average decreased 0.8%The Russell 2000 dropped 2%The Stoxx Europe 600 sank 1.9%The MSCI World index dipped 0.9%CurrenciesThe Bloomberg Dollar Spot Index advanced 0.2%The euro was little changed at $1.2035The Japanese yen appreciated 0.1% to 108.09 per dollarBondsThe yield on 10-year Treasuries fell four basis points to 1.56%Germany’s 10-year yield fell three basis points to -0.26%Britain’s 10-year yield fell two basis points to 0.731%CommoditiesWest Texas Intermediate crude fell 1.5% to $62.44 a barrelGold climbed 0.5% to $1,779.10 an ounce.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.
Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Silver Cobalt"), announces that the Annual General Meeting was held today, Tuesday, April 20, 2021 and is pleased to report that all resolutions were approved with over 98.38% voting in favour in all categories. Resolutions passed are listed below.
Dallas Cowboys cornerback Rashard Robinson was suspended for two games Tuesday for violating the NFL's policy on performance-enhancers. Robinson will be eligible for all preseason practices and games. The sixth-year player’s suspension will begin going into Week 1 of the regular season.
The Yankees have a bit of a shakeup in their lineup on Tuesday, but one move seems it might be extended beyond just one game.
OVERLAND PARK, Kan., April 20, 2021 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) is recruiting employees for new positions in Everett, Washington. On Tuesday, April 27, Yellow will host a hiring event as the trucking company looks to fill jobs including dock workers, linehaul drivers, local drivers and box truck drivers. Yellow intends to hire qualified individuals immediately for 19 jobs in Everett with more positions open nationwide. Yellow is the second largest less-than-truckload carrier and the fifth largest transportation company in North America. Yellow’s 30,000 employees are based in all 50 states as well as Puerto Rico, Canada and Mexico. Yellow’s Everett hiring event is among more than two dozen similar recruiting events taking place across America between now and July. By the end of 2021, Yellow aims to hire thousands of new employees nationwide with at least 1,500 of those positions earmarked for commercial drivers. “Seventy percent of America’s freight moves on our nation’s highways, so it’s essential that the industry continue to ramp up hiring to keep the U.S. supply chain humming along,” said Darren Hawkins, Chief Executive Officer of Yellow. “Yellow pays very competitive wages and offers outstanding healthcare benefits for employees,” said Mr. Hawkins. “For those with trucking experience or not, or folks looking for a new opportunity or needing to make a job change due to pandemic fallout, it’s an exciting time to build a career and a future at Yellow.” “Hiring is our number one priority,” said Hawkins. “Our freight professionals serve as the economic lifeline to nearly every community in America. Transportation and trucking people are patriots.” On Tuesday, April 27, Yellow’s recruiting event will take place at its Reddaway Everett terminal, 9501 24th Place West, Everett, Wash. from 9:00 AM – 5:00 PM. Candidates will have the opportunity to interview with hiring managers and receive assistance with applications and paperwork. No reservation is necessary. For more information or to apply, please visit www.MyYellow.com, and click “Careers” in the top right. About Yellow Corporation Yellow Corporation has one of the largest, most comprehensive logistics and less-than-truckload (LTL) networks in North America with local, regional, national, and international capabilities. Through our teams of experienced service professionals, Yellow Corporation offers industry-leading expertise in flexible supply chain solutions, ensuring customers can ship industrial, commercial, and retail goods with confidence. Yellow Corporation, headquartered in Overland Park, Kan., is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway, and YRC Freight, as well as the logistics company HNRY Logistics. Please visit our website at www.myyellow.com for more information. Media Contacts: Mike Kelley 913-696-6121 Heather Nauert mike.kelley@myyellow.com heather.nauert@myyellow.com Investor Contact: Tony Carreño 913-696-6108 investor@myyellow.com
Edwards Lifesciences on Tuesday reported adjusted earnings of 54 cents per share on $1.22 billion in sales for the first quarter ended March 31. In response, EW stock jumped.
The State Department has updated its travel warnings to better reflect the advice from the Centers for Disease Control and Prevention, it said, meaning that as of Tuesday, approximately 80% of countries are now a "Level 4: Do Not Travel" on its advisory. "In light of those risks, the Department of State strongly recommends U.S. citizens reconsider all travel abroad," it said in a new notice Monday. Several countries, such as India, are seeing enormous spikes in cases of COVID-19, and the World Health Organization has reported that the average number of cases reported daily worldwide is now higher than it has ever been.
A Mexican judge on Tuesday blocked part of a federal telecommunications law requiring cellphone users to give telecom providers their personal data for a biometric registry. The judge's provisional measure blocks a reform to the law that would put customers at risk of having their lines canceled if they refused to submit their data, according to the judicial filing. Supporting lawmakers argued that the registry, approved by the Senate last week, was necessary to reduce crime, including extortion and kidnapping, by making it harder for criminals to remain anonymous when opening new cellphone lines.
Moderna announces new supply agreement with Israel for 2022.
Shares of United Airlines tumbled by 8.5% Tuesday after the airline reported a larger first-quarter loss than expected and suggested that key business and international travel won't recover significantly until next year. Business and international travel are still down about 80% from pre-pandemic levels. “It's not likely that that is going to change tomorrow,” CEO Scott Kirby said during a call with investors Tuesday.
UTEP football coach Dana Dimel and former softball coach Tobin Echo-Hawk received one-year show-cause restrictions and the athletic department was placed on a year's probation Tuesday over NCAA violations in both programs. The NCAA said the football team exceeded limits on the size of the coaching staff for two years by allowing offensive and defensive quality control coaches to provide instruction. Echo-Hawk allowed graduate assistants to provide instruction during extra workout sessions as part of violations of limits on the size of the coaching staff and daily and weekly limits on the number of hours athletes are allowed to practice, according to the NCAA.
Jurors set to return unanimous verdict on all three charges
Mid Penn Bank Promotes Heather Hall to Executive Vice President Heather Hall MILLERSBURG, Pa., April 20, 2021 (GLOBE NEWSWIRE) -- Mid Penn Bancorp, Inc. (NASDAQ: MPB), parent company of the wholly-owned subsidiaries Mid Penn Bank and MPB Financial Services, Inc., is proud to announce that Heather Hall has been promoted to Executive Vice President of Mid Penn Bank. In this role, Ms. Hall provides leadership and oversight of the Bank’s loan and deposit activities throughout the Capital and Lancaster County regions. “Heather is a proven leader who is dedicated to the continuing success of the Bank,” said Mid Penn Bank Senior Executive Vice President and Chief Revenue Officer, Scott Micklewright. “She has developed a dynamic team of professionals and leads by example through her dedication to customers and commitment to our organization.” Ms. Hall has been with Mid Penn Bank since 2016, when she joined the commercial banking group with a focus on developing Mid Penn Bank’s Commercial & Industrial lending presence in the mid-state and has been involved in some of the bank’s most significant deals. In 2020, she originated more than $118 million in commercial loans and was responsible for $32 million in new deposits. In addition to a career that demonstrates 20 years of success in the financial and banking industries, Heather is an active member of her community. She currently serves as a member of the Harrisburg Regional Chamber Board and their Finance Committee. Her previous volunteer positions include roles on the Board at both the Cultural Enrichment Fund and Channels Food Rescue, as well as volunteering with the United Way of the Capital Region, Sertoma International, and her church. In 2019, The Central Penn Business Journal selected Ms. Hall to receive the 2019 Women of Influence award. About Mid Penn BankMid Penn Bancorp, Inc. (NASDAQ: MPB), headquartered in Millersburg, Pennsylvania, has been serving the community since 1868. Mid Penn Bank operates retail locations throughout the state of Pennsylvania and has total assets of $3 billion. Its footprint includes Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill and Westmoreland counties. The Bank offers a comprehensive portfolio of products and services to meet the banking needs of the communities it serves. To learn more about Mid Penn Bank, visit www.midpennbank.com. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2785d3b1-93f8-4856-94e7-2baf1b03ebb3 CONTACT: Contact: Matthew Miller 717-257-9015 matthew.miller@midpennbank.com
Internet television network Netflix late Tuesday reported significantly fewer new subscribers than forecast in the first quarter. Netflix stock tumbled in extended trading on the report.
AM Best has placed under review with developing implications the Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb-" and the Long-Term Issue Credit Rating (Long-Term IR) of Hallmark Financial Services, Inc. (Hallmark Financial) [NASDAQ:HALL]. Concurrently, AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term ICRs of "a-" of the members of Hallmark Insurance Group (Hallmark Group). The companies’ operations are headquartered in Dallas, TX. (See below for a detailed listing of the companies and Credit Ratings [ratings].)
McConaughey and the rapper co-starred in the 2019 movie "The Beach Bum."