Jan 28 (Reuters) - Shares of Smithfield Foods rose 5.3% in their Nasdaq debut on Tuesday, valuing the largest U.S. pork processor at $8.4 billion. ...

(Reuters) -Smithfield Foods was valued at $8.1 billion after its shares ticked up 1.5% on Tuesday, in a muted debut that might prompt other IPO candidates to tread cautiously. The lukewarm reception to the largest U.S. pork processor's public offering, following closely on the heels of Venture Global's underwhelming debut last week, underscores investors' cautious approach to new listings. Despite...

12:51 PM EST, 01/28/2025 (MT Newswires) -- Rackspace Technology ( RXT ) said Tuesday it is working with American Logistics to launch a cloud-native platform to coordinate and improve non-emergency transportation for health care clients. Rackspace ( RXT ) said it has been helping American Logistics update its technology platform to run on Amazon ( AMZN ) Web Services and...

12:48 PM EST, 01/28/2025 (MT Newswires) -- Ollie's Bargain Outlet (OLLI) could face headwind in Q4 amid the impending closure of hundreds of rival Big Lots stores, RBC Capital markets said in a report Tuesday. The note said Big Lots buyer, Gordon Brothers, recently released a list of about 500 stores that they intend to sell leases for. Based on...