08:54 AM EDT, 10/01/2024 (MT Newswires) -- Capital Bancorp ( CBNK ) said Tuesday that it has completed its merger with Integrated Financial Holdings. Under the terms of the deal, Integrated Financial shareholders' stock was converted into the right to receive 1.115 shares of Capital Bancorp ( CBNK ) common stock and $5.36 in cash for every one share of...

Oct 1 (Reuters) - Charles Schwab ( SCHW ) said on Tuesday that President Rick Wurster will succeed long-time CEO Walt Bettinger as its next chief executive, paving the way for a change of guard at the brokerage firm after 16 years. Bettinger, who became CEO in late 2008, will retire from his role at the end of the year...

Grocery wholesaler United Natural Foods Inc ( UNFI ) shares are surging after the fourth-quarter earnings. The company reported a sales increase of 10% Y/Y to $8.15 billion, beating the analyst consensus estimate of $7.94 billion, thanks to inflation and improving unit volume that turned positive toward quarter-end. Gross margin expanded to 13.7% from 13.0% last year on lower shrink expense. The gross profit upped 15.5% Y/Y to $1.1 billion. Adjusted EBITDA jumped 53.8%...

BERLIN, Oct 1 (Reuters) - Volkswagen's luxury division Audi has so far not found a potential suitor for its plant in Brussels that was put under review in July, saying none of the 26 potential buyers it held talks with was prepared to take on the roughly 3,000 staff. Unfortunately, there is currently no concept that will secure jobs at...