02:34 PM EDT, 05/13/2025 (MT Newswires) -- Morgan Stanley ( MS ) was hired as the lead firm for the initial public offering of Figma, Bloomberg reported Tuesday, citing people familiar with the matter. The IPO could be one of this year's biggest, and the design software company has also engaged Goldman Sachs ( GS ) and Allen & Co....

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

Hertz Global Holdings Inc. ( HTZ ) shares are trading lower Tuesday after the company reported disappointing first-quarter financial results that missed both revenue and earnings expectations. What To Know: The rental car company posted first-quarter revenue of $1.81 billion, below the $2 billion analyst consensus, representing a 13% year-over-year decline. The company also reported a first-quarter adjusted loss of...

NRG Energy Inc ( NRG ) is on fire. Shares have jumped more than 31% in just five trading days, pushing year-to-date gains past 64%. The stock surged over 24% on Monday to a record high of $148.30, after announcing a $12 billion acquisition of LS (Luminus Systems) Power's generation assets. With U.S. power demand set to spike — driven...