03:34 PM EST, 01/31/2025 (MT Newswires) -- Consumer stocks were retreating late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.5%. In corporate news, United Airlines (UAL) denied rumors that it's in negotiations or discussions with another airline regarding a merger, acquisition or similar deal,...

03:46 PM EST, 01/31/2025 (MT Newswires) -- The number of oil rigs in the US increased by seven in the week ended Friday, according to data compiled by energy services company Baker Hughes ( BKR ) . The count for oil grew to 479 rigs from 472 last week, while gas lost one rig to 98. Miscellaneous rigs were unchanged...

03:51 PM EST, 01/31/2025 (MT Newswires) -- Global Atomic ( GLATF ) , down 7.8% late Friday afternoon amid big losses for the broader market, has closed its previously announced non-brokered private placement for gross proceeds of C$35.6 million. The company sold 44.5 million units of the company at a price of C$0.80 each. A statement noted each unit consists...

03:47 PM EST, 01/31/2025 (MT Newswires) -- LATAM Airlines ( LTM ) CEO Roberto Milosawlewitsch said he's taking a wait-and-see approach to a proposed merger of two of the Chilean airline's largest competitors. Milosawlewitsch waiting for Brazilian regulators to review the merger of two of its larger rivals in the region, Azul ( AZUL ) and Abra, and how it...