Triumph Group, Inc. ( TGI ) shares are trading lower after the company reported fourth-quarter FY24 results. Sales of $358.6 million (+11% Y/Y organically) beat the consensus of $342.1 million. The company reported an adjusted EPS of $0.31, beating the consensus of $0.20. Backlog was $1.9 billion, up 22% Y/Y, led by commercial OEM platforms. Adjusted operating income was $55.8 million (vs. $46.7 million a...

WASHINGTON (Reuters) -The U.S. Justice Department and a group of 30 states and the District of Columbia Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists. It is time to break up Live Nation, said U.S. Attorney General Merrick Garland. Concert fans and politicians for...

10:45 AM EDT, 05/23/2024 (MT Newswires) -- Wayfair ( W ) said Thursday that it opened its first large-format store in Wilmette, Illinois. The company said the new two-story store spans 150,000 square feet and houses 19 departments of home products such as furniture, decor, and appliances, among others. Price: 61.46, Change: -1.12, Percent Change: -1.79 ...

WASHINGTON, May 23 (Reuters) - Amazon ( AMZN ) on Thursday said it would begin a process to deorbit two prototype satellites it launched in 2023 as an early test of its Kuiper broadband internet constellation, a planned network of over 3,000 satellites that will compete with SpaceX's Starlink. ...