Clorox Co. experienced a significant boost in its shares, climbing 6.7% in extended trading on Thursday. The bleach and cleaning products manufacturer has successfully rebounded from last year's cybersecurity attack, which had caused widespread disruption to its operations. Impressive Sales Growth In the fiscal second quarter, Clorox reported sales of $1.99 billion, reflecting … [Read more...] about Clorox Co. Reports Strong Recovery and Sales Growth
Public Property Invest Plans for IPO and Listing in Oslo
Public Property Invest, a Norwegian property owner, is currently preparing for a potential initial public offering (IPO) and listing in Oslo. This move comes as Sweden's SBB holds a significant 44.8% stake in the company. SBB, also known as Samhallsbyggnadsbolaget i Norden, acquired an extensive portfolio of public property including social housing, healthcare facilities, … [Read more...] about Public Property Invest Plans for IPO and Listing in Oslo
Investment Banks Remain Optimistic About U.S. Retail Fuel Margins in 2024
Investment banks are expressing confidence in the strength of U.S. retail fuel margins this year. According to analysts at Raymond James, the average gross rack-to-retail margin in the U.S. was 37 cents per gallon (cts/gal) in January, based on data from OPIS. Although this is a slight decrease from December's 42 cts/gal, the drop is primarily attributed to recent wholesale … [Read more...] about Investment Banks Remain Optimistic About U.S. Retail Fuel Margins in 2024
Tentative Agreement Reached with Four Hotel-Casinos in Downtown Las Vegas
LAS VEGAS — Amidst the excitement of Super Bowl week in Las Vegas, the Culinary Workers Union has made progress in negotiations with several hotel-casinos. A tentative agreement has been reached with Binion's, Four Queens, Fremont, and Main Street, securing the rights of approximately 1,000 workers. However, discussions with the Golden Nugget, Downtown Grand, and Virgin Las … [Read more...] about Tentative Agreement Reached with Four Hotel-Casinos in Downtown Las Vegas
Air Products & Chemicals Faces Unexpected Decline in Sales
Air Products & Chemicals, a leading provider of essential industrial gases and chemicals, experienced a surprising decline in sales during the fiscal first quarter. This led to a revision of their annual earnings outlook, dampening investor expectations. Sales and Earnings Figures During the quarter ended December 31, the company reported a profit of $609.3 million, … [Read more...] about Air Products & Chemicals Faces Unexpected Decline in Sales
