08:50 AM EST, 12/12/2024 (MT Newswires) -- Consumer stocks were mixed premarket Thursday as the Consumer Staples Select Sector SPDR Fund (XLP) was up 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was 0.4% lower recently. Lovesac ( LOVE ) shares fell past 22% after the company reported a wider fiscal Q3 net loss as net sales declined...

* Richter's CEO expects slower growth in Vraylar sales * Core business revenue growth surpasses Vraylar, CEO says * Richter faces challenges in Russian operations due to sanctions By Anita Komuves BUDAPEST, Dec 12 (Reuters) - Hungarian pharmaceutical company Richter expects a slowdown in sales growth for its flagship product, Vraylar, next year while supply chain disruptions continue to pose...

08:47 AM EST, 12/12/2024 (MT Newswires) -- POET Technologies ( POET ) said Thursday that it plans to complete a non-brokered public offering of 5 million units at $5 per unit for a total gross proceeds of $25 million. The company said each unit has one share and one-half of a common share purchase warrant, with each full warrant being...

08:49 AM EST, 12/12/2024 (MT Newswires) -- Baidu ( BIDU ) and Geely's electric vehicle joint venture Ji Yue Auto announced a restructuring plan to streamline operations and raise new capital in response to intense competition in China's EV market, multiple media outlets reported Wednesday, citing a company statement. The company plans to merge overlapping roles, eliminate non-profitable projects, and...