3M posts fourth-quarter profit above estimates on strong demand
(Reuters) – U.S. industrial conglomerate 3M Co on Tuesday forecast 2025 adjusted profit largely in line with Wall Street estimates, as the company cut costs amid weak consumer spending on non-essential items. The St. Paul, Minnesota-based company expects 2025 adjusted
Standard Chartered names Sal Vitale as US coverage head
(Reuters) – Standard Chartered (OTC:SCBFF) has named Sal Vitale as managing director and head of coverage for the U.S. and the Americas, the bank said on Tuesday. Vitale brings almost 25 years of corporate and investment banking experience, having previously served
Smithfield Foods targets up to $10.7 billion valuation in US IPO
(Reuters) – Smithfield Foods is targeting a valuation of up to $10.73 billion in its U.S. initial public offering, the Farmland (NYSE:FPI) bacon maker said on Tuesday. Hong Kong-based WH Group (OTC:WHGLY), the world’s largest pork producer, is spinning off Smithfield
D.R. Horton shares jump as fiscal Q1 results come ahead of estimates
Investing.com — DR Horton Inc (NYSE:DHI) shares jumped 6% in premarket trading Tuesday after the home construction company reported better-than-expected results for the fiscal Q1 2025. The company posted Q1 earnings per share (EPS) of $2.61, beating analyst expectations of $2.38. Revenue
Smithfield Foods Launches 34.8M Share IPO at $23-$27/sh
Smithfield Foods, Inc. (SFT), an American food company and an industry leader in value-added packaged meats and fresh pork, today announced that the Company has commenced the roadshow for an underwritten initial public offering of 34,800,000 shares of its