Banc of California set to merge with rival PacWest
PacWest Bancorp is set to merge with Banc of California in a $400 million equity deal, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter earnings results.
2023-07-26 04:52
Wells Fargo & Company Increases Common Stock Dividend and Announces New $30 Billion Common Stock Repurchase Program
SAN FRANCISCO--(BUSINESS WIRE)--Jul 25, 2023--
2023-07-26 04:48
Banc of California to buy troubled PacWest Bancorp, which came close to failing earlier this year
The Banc of California has agreed to buy PacWest Bancorp in an all-stock transaction, bringing an end to months of speculation about whether PacWest could survive on its own after the failures of three other regional banks this spring
2023-07-26 04:47
Microsoft beats quarterly estimates as AI boosts cloud business and spending
By Yuvraj Malik and Stephen Nellis (Reuters) -Microsoft on Tuesday surpassed Wall Street estimates for fourth-quarter revenue and profit as
2023-07-26 04:47
Microsoft reports $20.1B quarterly profit as it promises to lead "the new AI platform shift"
Microsoft on Tuesday reported fiscal fourth-quarter profit of $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share
2023-07-26 04:20
RTX to take up to 60 days to fix each GTF engine with contamination issue
(Reuters) -RTX Corp will need up to 60 days to inspect and fix each GTF engine used on Airbus jets
2023-07-26 04:17
PacWest merges with Banc of California in all-stock deal
Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise
2023-07-26 04:17
Court says OxyContin maker's bankruptcy and protections for Sackler family members can move ahead
OxyContin maker Purdue Pharma can start its transformation under a bankruptcy agreement that allows the members of the wealthy Sackler family who own the company to avoid civil lawsuits over the opioid crisis, a court has ruled
2023-07-26 03:52
GM to add battery module assembly to some North American EV plants
By Paul Lienert General Motors will begin assembling electric vehicle battery packs near its BrightDrop commercial van plant
2023-07-26 03:50
Akuity Launches an AI Assistant for Argo CD to Help Troubleshoot Common Kubernetes Deployment Issues
SUNNYVALE, Calif.--(BUSINESS WIRE)--Jul 25, 2023--
2023-07-26 03:23
Don’t try to time the market, KKR’s Stavros says
By Maiya Keidan Private equity firms should stay consistent in deploying capital even when facing a more challenging
2023-07-26 03:17
Rhodes fires: Evacuated tourists arrive in Birmingham
Holidaymakers evacuated from the Greek island of Rhodes arrive in Birmingham.
2023-07-26 02:58
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