10:22 AM EDT, 07/24/2024 (MT Newswires) -- Karooooo ( KARO ) said Wednesday that Chief Executive Isaias Jose Calisto launched a $75 million secondary public offering of the company's shares. Underwriters will have a 30-day overallotment option to acquire up to about $11.3 million worth of additional shares, the company said. Karooooo ( KARO ) shares were down 8% in...

HOUSTON - A wave of mega-mergers among oil producers is forcing the U.S. service companies that drill and hydraulically fracture wells to slash their prices, merge, or risk bankruptcy as they compete for a dwindling number of customers.  U.S. oil producers, also known as operators, announced more than $275 billion in deals over the past year and a half, including...

Shares of Marriott International Inc ( MAR ) , Hilton Hotels Corporation , and Hyatt Hotels Corporation ( H ) are trading lower Wednesday. About 13,500 unionized hotel workers in four U.S. cities are preparing for strike authorization votes next month as contract negotiations with the above major hotels remain at an impasse. UNITE HERE, a union representing hotel, casino,...

10:31 AM EDT, 07/24/2024 (MT Newswires) -- GE Vernova ( GEV ) will reinspect all of the offshore wind-turbine blades it has made after it found a material deviation at the plant that manufactured the component, Bloomberg reported Wednesday, quoting the company's Chief Executive Scott Strazik. A blade made by GE Vernova ( GEV ) broke and fell into the...