Hilton Hotels Corporation has acquired a majority controlling interest in Sydell Group to expand the NoMad Hotels brand. With the acquisition, Hilton aims to expand the NoMad brand from its London flagship location to high-end markets around the world. The move marks Hilton's entry into the fast-growing luxury lifestyle hotel market. Sydell, led by founder Andrew Zobler, has created seven...

Financial giants have made a conspicuous bullish move on ON Semiconductor. Our analysis of options history for ON Semiconductor revealed 9 unusual trades. Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $110,100, and 6 were calls, valued at...

12:31 PM EDT, 04/03/2024 (MT Newswires) -- Paychex ( PAYX ) demonstrated resilience in Q3, offsetting lower-than-expected revenue with cost discipline, Morgan Stanley said in a note Wednesday. The company reported fiscal Q3 adjusted earnings of $1.38 per diluted share. Revenue was $1.44 billion, lower than the $1.46 billion consensus. The Employee Retention Tax Credit, or ERTC, caused a 3...

12:31 PM EDT, 04/03/2024 (MT Newswires) -- Ginkgo Bioworks ( DNA ) and Prozomix said Wednesday that they are collaborating to build out the production of next generation enzyme plates for active pharmaceutical ingredient manufacturing. The partnership combines Ginkgo's artificial intelligence models and enzyme engineering expertise with Prozomix's enzyme sequence data to create enzymes for API manufacturing, the companies said....