(Reuters) - Loar Holdings is aiming for a valuation of up to $2.28 billion in its initial public offering in the United States, the aerospace parts manufacturer said in a filing on Wednesday. Loar said it was targeting to raise up to $286 million by offering 11 million shares at a price range of $24 and $26 apiece. The New...

April 17 (Reuters) - The U.S. National Highway Traffic Safety Administration (NHTSA) said on Wednesday it had upgraded its probe into reports of unexpected activation of automatic emergency braking systems in around 3 million Honda Motor ( HMC ) vehicles to an engineering analysis. An engineering analysis is a mandatory requirement before the auto safety regulator can potentially demand a...

(Reuters) - The U.S. Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry's $8.5 billion deal to buy Michael Kors owner Capri Holdings ( CPRI ), NYT Dealbook reported on Wednesday, citing people familiar with the matter. The deal, which would bring together top luxury labels such as Tapestry's Kate Spade, Stuart Weitzman and Capri's Jimmy...

Netherlands-based critical chipmaking firm ASML Holding NV ( ASML ) reported a fiscal first-quarter 2024 net sales of €5.29 billion, down 21.6% year-on-year. In USD, sales of $5.75 billion missed the consensus of $6.13 billion. Net bookings for the first quarter were €3.61 billion, compared to €3.75 billion a year ago, down from fourth-quarter net bookings of €9.19 billion. Of these quarterly net bookings, €656 million...