Although U.S. stocks closed higher on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an...

(Reuters) - The U.S. Federal Trade Commission has sought additional information about a $16.5 billion deal by Novo Nordisk's parent to buy manufacturing subcontractor Catalent ( CTLT ). The deal was announced in February and Novo Nordisk Foundation has since refiled its application to the U.S. FTC seeking regulatory approval for it. Catalent ( CTLT ) in a regulatory filing...

09:03 AM EDT, 05/03/2024 (MT Newswires) -- Exxon Mobil ( XOM ) said Friday it has closed its acquisition of Pioneer Natural Resources ( PXD ) . The acquisition more than doubles Exxon's Permian production volume to 1.3 million barrels of oil equivalent per day, which is expected to increase to approximately 2 million in 2027, the company said. The...

09:02 AM EDT, 05/03/2024 (MT Newswires) -- Alaska Air Group ( ALK ) said Friday that it received $61 million in supplier credit memos from Boeing ( BA ) to compensate for the temporary grounding of 737-9 Max planes. The credit memos can be used on future Boeing ( BA ) purchases, Alaska Air ( ALK ) said in a...