Ocean Power Technologies ( OPTT ) shares are trading higher Wednesday after the company announced it signed an agreement for the delivery of marine power systems to the U.S. government. What Happened: The renewable energy company and the U.S. government reached an initial agreement on a sole source contract award for several unmanned surface vehicles. The final contract will be...

12:33 PM EDT, 06/26/2024 (MT Newswires) -- Interactive Brokers Group ( IBKR ) said Wednesday that it took about a $48 million loss due to an unspecified technical issue at the New York Stock Exchange on June 3. The company said it does not expect the losses to have a material impact on its financials, but it is considering its...

12:29 PM EDT, 06/26/2024 (MT Newswires) -- A bid by KKR (KKR) to take majority control of FGS Global has been rejected by WPP ( WPP ) , which owns about 55% of the financial communications firm, The Financial Times reported Wednesday, citing people with direct knowledge of the talks. WPP ( WPP ) turned down KKR's offer for being...

12:26 PM EDT, 06/26/2024 (MT Newswires) -- FedEx's ( FDX ) performance slightly exceeded consensus expectations in fiscal Q4, driven by less-than-truckload operations, Morgan Stanley said in an earnings review Wednesday. Where FedEx Ground and Express missed consensus, Freight services surpassed both Morgan Stanley estimates and consensus expectations, the note said. FedEx's ( FDX ) 2025 guidance might be slightly...