RPM International Inc ( RPM ) shares are trading lower after the company reported second-quarter results. Sales increased 3% year over year to $1.845 billion, beating the consensus of $1.789 billion. Sales growth was driven by higher volumes across segments and strong performance in technical solutions. Geographically, sales growth was strong in North America, mixed elsewhere, with Europe improving profitability,...

09:27 AM EST, 01/07/2025 (MT Newswires) -- Serve Robotics ( SERV ) shares were down more than 13% premarket Tuesday after the company said it signed securities purchase agreements with certain institutional investors for an $80 million registered direct offering. The agreements cover the sale of about 4.2 million common shares to raise $80 million in gross proceeds, according to...

09:24 AM EST, 01/07/2025 (MT Newswires) -- American Electric Power ( AEP ) said Tuesday it has appointed Trevor Mihalik as chief financial officer, effective Jan. 20. Mihalik will join the company from Sempra ( SRE ) , where he most recently was the group president, American Electric said. Mihalik will succeed Chuck Zebula, who will serve as senior adviser...

09:25 AM EST, 01/07/2025 (MT Newswires) -- Ryan Specialty ( RYAN ) said Tuesday it has agreed to buy Velocity Risk Underwriters from funds managed by Oaktree Capital Management for $525 million in upfront cash, subject to adjustments. As a component of the deal, Velocity's Velocity Specialty Insurance, or VSIC, will be bought by commercial property mutual insurance company FM,...