10:01 AM EDT, 06/12/2024 (MT Newswires) -- Blackstone (BX) will buy two luxury stores adjoining the Mandarin Oriental hotel in Paris for 148 million euros ($160.3 million), Mandarin Oriental International said Wednesday. The retail units will be sold to Lavender Propco, which is controlled by Blackstone Europe, according to Mandarin Oriental International. Proceeds from the sale, expected to close around...

Vera Bradley Inc ( VRA ) shares are trading lower following a worse-than-expected first-quarter FY25 earnings. The company reported a first-quarter sales decline of 14.6% year-on-year to $80.60 million, missing the analyst consensus estimate of $90.39 million. Adjusted EPS loss of $0.21 widened from the prior year’s $0.09 loss. Direct segment revenue decreased by 4.2% to $56.4 million, and Indirect...

10:09 AM EDT, 06/12/2024 (MT Newswires) -- John W Kosiba Jr, Senior Vice President, CFO & Treasurer, on June 11, 2024, sold 32,000 shares in American Superconductor ( AMSC ) for $693,750. Following the Form 4 filing with the SEC, Kosiba has control over a total of 325,255 shares of the company, with 316,136 shares held directly and 9,119 controlled...

NEW YORK (Reuters) -The oldest U.S. bank is getting a new name. Bank of New York Mellon is embracing BNY as its new moniker, it announced on Tuesday. The company also unveiled block-lettered signs with the three-letter name across its major offices. Since it was founded 240 years ago by Alexander Hamilton, a U.S. founding father further immortalized in a...