09:00 AM EDT, 05/28/2024 (MT Newswires) -- Consumer stocks were leaning lower premarket Tuesday as the Consumer Discretionary Select Sector SPDR Fund (XLY) was marginally declining and the Consumer Staples Select Sector SPDR Fund (XLP) was recently down 0.1%. GameStop ( GME ) was up over 22% after saying last week that it completed an offering of 45 million shares...

(Reuters) - Norfolk Southern ( NSC ) has named former Canadian National Railway CEO Claude Mongeau as the new chair of its board, effective immediately, the company said in a statement on Tuesday. A veteran railroad executive, Mongeau has been on Norflok's board since 2019 and replaces previous board chair Amy Miles, who shareholders ousted earlier this month. The Atlanta-Georgia-based...

09:04 AM EDT, 05/28/2024 (MT Newswires) -- The US Securities and Exchange Commission has adopted a standard settlement cycle of one business day after the trade date, or T+1, starting on May 28. The regulator adopted new rules in February to shorten the settlement cycle for most broker-dealer transactions to T+1 from two business days after the trade date, or...

(Reuters) -Adam Neumann has ended his bid to re-acquire WeWork ( WEWOQ ) as the coworking business he co-founded has chosen to emerge from bankruptcy with an unrealistic plan, he told the New York Times Dealbook on Tuesday. Earlier this year, Neumann's new real estate venture, Flow Global, had submitted a bid of more than $500 million to take over...