NEW YORK (Reuters) - Commercial real estate finance company Blackstone Mortgage Trust ( BXMT ) saw shares drop 10% on Wednesday as the firm cut its dividend 24% in the face of continued strain from vacancy-ravaged office spaces. It is the latest sign of mounting woe for commercial real estate, which analysts say is set for a multi-decade reckoning as...

Azitra Inc. ( AZTR ) shares are crashing Wednesday after the company announced the pricing of a $10 million public offering of 6,665,000 common shares and Class A warrants at $1.50 per share. The Details: Azitra ( AZTR ) shares spiked Tuesday after the company announced that the U.S. Patent and Trademark Office (USPTO) had granted the company a patent...

12:44 PM EDT, 07/24/2024 (MT Newswires) -- Walt Disney ( DIS ) has reached a tentative agreement on a new three-year contract with unionized workers at its Disneyland park in California, the union said Wednesday. The contract contains significant wage hikes, increases in seniority, retention of health insurance premiums, and improvements to the attendance policy, the Disney Rising Workers Bargaining...

12:57 PM EDT, 07/24/2024 (MT Newswires) -- Lamb Weston ( LW ) guided for an annual decline in fiscal 2025 earnings on Wednesday after posting an unexpected decrease in revenue and below-forecast earnings for the fiscal fourth quarter amid challenging market dynamics. The maker of frozen fries forecast per-share earnings in the $4.35 to $4.85 range, marking a decline from...