Shares of major alcohol producers and distributors declined sharply Friday following a warning issued by U.S. Surgeon General Vivek Murthy about the increased cancer risks associated with alcohol consumption. What To Know: Murthy’s advisory emphasized the need for updated health warning labels to reflect mounting evidence of alcohol’s connection to cancer. These labels have not been revised since 1988. The...

03:30 PM EST, 01/03/2025 (MT Newswires) -- Inlif ( INLF ) said Friday it has closed its initial public offering of 2 million common shares at $4 apiece for gross proceeds of $8 million. Underwriters have a 45-day overallotment option to purchase up to an additional 300,000 shares, the company said. Net proceeds will be allocated toward the construction of...

03:40 PM EST, 01/03/2025 (MT Newswires) -- The number of oil rigs in the US decreased by one during the week ended Friday, according to data compiled by energy services company Baker Hughes ( BKR ) . The count for oil moved down to 482 rigs from 483 on a weekly basis, while gas added one rig to 103. The...

03:31 PM EST, 01/03/2025 (MT Newswires) -- First Community (FCCO) said Friday it has named Sarah Donley as chief operations & risk officer, succeeding Tanya Butts who is retiring after serving in the role since 2016. Donley, who joined First Community in 1997, most recently held the position of controller, the bank holding company said. Price: 23.71, Change: -0.10, Percent...