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(Bloomberg) — The United States Steel Corporation has begun a formal review of strategic alternatives after receiving “multiple unsolicited” proposals, a sign that the years-long transition may finally be bearing fruit. Most Read from Bloomberg Chief Executive Officer David Porritt said Sunday in a statement that the proposals ranged from acquiring certain production assets to…
Commercial mortgages are a segment of the debt market that is under severe pressure from rising rates and tightening financial conditions.Afton Almaraz / Getty A storm of public and private debt problems is heading into the market. Warning signs showed up in increasing credit card balances, late payments, and other indicators. Here are the signs…
(Bloomberg) — The United States Steel Corporation has begun a formal review of strategic alternatives as it rejected an offer to sell itself to rival Cleveland-Cliffs Inc. Most Read from Bloomberg Ohio-based Cliffs said Sunday it offered to pay $17.50 in cash and 1,023 of its own shares for each US Steel share. That means…
Roland Bolduc (left) and John Somers II’s Ina Daly for transportation themes (Stay tuned for transfer news: Get TTNews in your inbox.) They make an interesting pair of friendly competitors. He is the charismatic reigning national champion. She is responsible for mental tasks. His domain takes center stage — “the big table,” as he calls…
Consolidation may be coming to the US steel industry. Ina Fassbender/AFP via Getty Images font size Investors should prepare for volatile trading in steel stocks to start a new week. Steel company built by Andrew Carnegie JPMorgan You may not be independent for much longer. Sunday, United States Steel (Stock ticker: X), the steelmaker founded…
The provider of health insurance and health care services ranks fifth for the third year in a row. The company’s revenue of $324.2 billion in 2022 made it a Fortune 500 company in the healthcare sector. As of the end of the first quarter of 2023, UnitedHealthcare, the company’s insurance arm, had served nearly…
Yellow Corp trucks are parked at a facility in Hayward, Calif., Aug. 2. (David Paul Morris/Bloomberg News) (Stay tuned for transfer news: Get TTNews in your inbox.) negotiations between Yellow Corp. An increasing number of parties interested in financing the Nashville, Tennessee company’s bankruptcy proceedings are scheduled to run through August 15. Yellow’s lead bankruptcy…
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Led by Karen Lynch, the health retail, pharmacy and insurance group is one of the two largest healthcare companies in the country. It’s also the largest company ever led by a female CEO. CVS beat Wall Street’s revenue expectations in 2022 by $322 billion, but profits fell nearly 50% compared to 2021. The…
Powered by insane AI, it’s been a year old technology stockSummer, however, proved to be the shakiest season yet. Since mid-July, the trend has declined, with the Nasdaq Technologies Index down nearly 5%. This naturally raises the question: Should we be sounding alarm bells over this shift? Not at all, says Wedbush’s Daniel Ives, a…
