04:57 PM EDT, 05/23/2024 (MT Newswires) -- Royal Philips (PHG) said late Thursday it priced 700 million euros ($756.9 million) of fixed rate notes due 2032 at 98.257% of par, with the offering more than 2 times oversubscribed. The company said the notes will have a debt-neutral effect, as the proceeds will be used for debt repayment in 2024 and...

By Aditya Soni, Gokul Pisharody and Lewis Krauskopf (Reuters) - Shares of Nvidia ( NVDA ) surged over 9% on Thursday, building on a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven boom in chip demand. The semiconductor bellwether's surge translated to an addition of around $218 billion in market value on the day, according...

04:57 PM EDT, 05/23/2024 (MT Newswires) -- Laurentian Bank (LB.TO) Thursday announced the upcoming retirement of chief risk officer William Mason, who it described as having been an integral part of the Bank since 2018, playing a pivotal role in fostering a robust risk-aware culture and driving long-term business success. During his tenure, the bank said Mason spearheaded initiatives that...

04:59 PM EDT, 05/23/2024 (MT Newswires) -- Stifel Financial ( SF ) late Thursday reported a 3% decline in total client assets under management to around $454 billion on April 30 from $467.7 billion at the end of March. Total client assets were up 12% year over year, the company said. The decline in client assets during April reflects a...