LONDON (Reuters) - The yen touched its weakest against the dollar since December 1986 on Wednesday, as selling pressure on the currency continued, despite repeated warnings from Japanese officials of possible intervention in the face of excessive volatility. The dollar/yen pair rose by as much as 0.45% to 160.39. ...

07:08 AM EDT, 06/26/2024 (MT Newswires) -- Vista Outdoor ( VSTO ) received an increased all-cash takeover offer of $42 per share, or about $3.2 billion, from MNC Capital Partners. MNC announced the revised offer on Wednesday and said it represents a premium almost 25% to Vista Outdoor ( VSTO ) stock's Tuesday closing price. MNC's previous offer was $39.50...

07:09 AM EDT, 06/26/2024 (MT Newswires) -- RTX's (RTX) Collins Aerospace subsidiary is negotiating with the National Aeronautics and Space Administration to exit its contract to build spacesuits for astronauts on the International Space Station, Reuters reported late Tuesday, citing two people familiar with the matter. The spacesuit contract is a component of a $3.5 billion package that NASA awarded...

07:06 AM EDT, 06/26/2024 (MT Newswires) -- FedEx ( FDX ) provided upbeat earnings guidance for fiscal 2025 as the company's ongoing cost reduction efforts helped it top market expectations in the fourth quarter. Adjusted earnings, excluding expenses related to business optimization initiatives, are anticipated to come in between $20 and $22 per share for fiscal 2025, the company said...