By Don Nico ForbesInflation in Germany, France and Italy cooled more than expected this month, suggesting price pressures are beginning to soften amid falling energy costs due to easing tensions between the U.S. and Iran.In Germany, consumer price growth slowed to 2.4% on year from 2.7% in May, acc…
By Connor HartPitney Bowes has kicked off the second phase of its review, working with independent advisers to assess the company's current growth plans and consider a range of strategic alternatives.The company said Tuesday it is exploring options including acquisitions, divestitures, partnerships…
(12:48 GMT) Intercontinental Exchange Price Target Cut to $180.00/Share From $208.00 by Goldman Sachs
Canada's economy rebounded as expected early in 2Q, notching the largest expansion in April in nine months. GDP rose 0.5% on-month, slightly stronger than the 0.4% growth economists anticipated. Statistics Canada's advance data indicates GDP grew a more modest but still positive 0.1% in May. April'…
By Chelsey DulaneyThe rush to fund the artificial-intelligence boom is hitting demand for Treasurys, according to Torsten Slok, Apollo Global Management's chief economist.Slok said the surge in debt issuance from the so-called AI hyperscalers is leading fixed-income managers to divert investments a…
AKITA ANNOUNCES COMPLETION OF ACQUISITION OF FOX DRILLING AND ELIMINATION OF DUAL CLASS SHARE STRUCTURE >AKT.A.T
By Robb M. StewartOTTAWA--The Canadian economy in April notched its strongest growth in nine months as oil and gas extraction and manufacturing rebounded.Gross domestic product, a broad measure of goods and services produced across the economy, increased 0.5% from the month before to 2.353 trillion…
Paramount Resources Announces Closing of Fox Drilling Sale, Distribution of AKITA Drilling Shrs and Successful Startup of Alhambra Expansion
The capital goods sector looks increasingly positive, with demand from data centers still being underestimated across major industrial players, Bank of America analysts say in a research note. These companies include Schneider Electric, ABB, Siemens and Siemens Energy, they say. Structural growth i…
By Robb M. StewartOTTAWA--Canadian farmers planted more acres of canola and soybeans for this year but less wheat.Planting has been slower than normal on the Canadian prairies but was largely complete by the end of May, while seeding in central Canada progressed at a normal pace despite wetter than…
By Connor HartAir Products & Chemicals said it will not proceed with the Louisiana Clean Energy Complex project on the basis that its expected financial returns won't meet necessary levels.Air Products, which provides essential industrial gasses and chemicals, said Tuesday it expects to record roug…
Write to Adam Whittaker at adam.whittaker@wsj.com
(12:40 GMT) Antero Resources Price Target Cut to $41.00/Share From $46.00 by Goldman Sachs
By Robb M. StewartOTTAWA--Canada's economy is on firmer footing as it moves through the second quarter, with a slight rise in activity last month on the heels of the strongest growth in nine months in April.Industry-level gross domestic product rose 0.5% from the month before in April, a recovery a…
(12:39 GMT) Virtu Financial Price Target Raised to $63.00/Share From $51.00 by Goldman Sachs
Tradeweb Markets Raised to Buy From Neutral by Goldman Sachs
CBRE Group Is Maintained at Outperform by Evercore ISI Group
By Connor HartPacira BioSciences said it agreed to sell its ioveradeg business to Zimmer Biomet for up to $140 million.The ioveradeg system is drug-free medical device, cleared by the Food and Drug Administration, that relieves pain via cryoneurolysis--a process whereby focused cold therapy is appl…
By Adam ClarkMicron Technology stock was bouncing between small gains and losses early Tuesday. The memory-chip company is looking to add gloss to its strongest ever quarterly performance and there's reason to believe it can keep going.Micron shares were down 0.4% at $1,141.79 in premarket trading…
(12:33 GMT) Owens Corning Price Target Raised to $188.00/Share From $139.00 by Evercore ISI Group
