SAO PAULO, May 20 (Reuters) - A court in Brazil has ordered conglomerate Novonor to pay Braskem ( BAK ) compensation for abuse of controlling power, the petrochemical company said in a securities filing on Monday. The judge in Sao Paulo upheld the claims to order Novonor to compensate Braskem ( BAK ) for material damages, Braskem ( BAK )...

09:09 AM EDT, 05/20/2024 (MT Newswires) -- Consumer stocks were advancing premarket Monday, with the Consumer Staples Select Sector SPDR Fund ( XLP ) up 0.2% and the Consumer Discretionary Select Sector SPDR Fund ( XLY ) 0.6% higher recently. Global-e Online ( GLBE ) was rallying past 17% after it reported a narrowed Q1 loss as revenue increased during...

Overseas Shipholding Group, Inc. ( OSG ) shares are trading higher after the company announced it entered into a definitive merger agreement to be acquired by Saltchuk Resources. The transaction is valued at an aggregate equity value of around $653 million and a total transaction value of $950 million. As per the terms, Saltchuk will commence a tender offer to fully acquire Overseas Shipholding ( OSG ) it...

09:08 AM EDT, 05/20/2024 (MT Newswires) -- Ameresco ( AMRC ) said Monday that it has been awarded a $21 million contract from the City of Henderson, Nevada to transition its street lighting infrastructure to LED technology. Under the deal, Ameresco ( AMRC ) will replace more than 30,000 streetlights in the city with LED lighting as well as replace...