08:23 AM EDT, 10/17/2024 (MT Newswires) -- XORTX Therapeutics ( XRTX ) on Thursday said it will raise US$1.5 million and has entered into agreements with institutional investors for the purchase and sale of 810,810 shares in a registered direct offering and warrants to purchase up to 810,810 shares in a concurrent private placement at a combined price of US$1.85...

On October 16, 2024, a jury returned a verdict against Phillips 66 Company, a wholly owned subsidiary of Phillips 66 , in a lawsuit brought by Propel Fuels Inc. In the lawsuit, Propel Fuels alleged that Phillips 66 misappropriated trade secrets related to its renewable fuels business. The jury awarded Propel Fuels $604.9 million in compensatory damages. The case is...

08:20 AM EDT, 10/17/2024 (MT Newswires) -- Blackstone (BX) is looking to take some of its largest investments public as the recent tech-driven rally in global stock markets signals a return in investor interest for initial public offerings, President Jonathan Gray reportedly told the Financial Times in an interview. I would say the discussions have gone from theoretical to practical...

Oct 17 (Reuters) - Travelers Companies' ( TRV ) third-quarter profit beat Wall Street expectations as higher underwriting gains and investment income more than offset steep catastrophe losses, sending shares of the insurer up nearly 7%. Individuals and businesses are spending more on insurance, allowing insurers to attract and retain clients despite higher prices for some policies such as auto...