The J.M. Smucker Company shares are trading lower on Wednesday. The company reported first-quarter adjusted earnings per share of $2.44 (+10% Y/Y), beating the analyst consensus estimate of $2.17. Quarterly sales of $2.125 billion (+18% Y/Y) slightly missed the Street view of $2.133 billion. “These results are driven by the focus we have established and progress we have made in...

10:03 AM EDT, 08/28/2024 (MT Newswires) -- Galecto ( GLTO ) said Wednesday that it will implement a 1-for-25 reverse stock split, effective after the close of trading on Thursday. The biotech firm said the reverse split is intended to bring it into compliance with Nasdaq's minimum bid price listing requirement. Galecto ( GLTO ) said its stock will begin...

NEW YORK, Aug 28 (Reuters) - U.S.-based hedge fund Two Sigma's co-founders John Overdeck and David Siegel will step down as co-Chief Executive Officers of the hedge fund, according to a statement on Wednesday. Two Sigma said its chief business officer Carter Lyons and former Lazard's general counsel Scott Hoffman will replace the founders as co-CEOs. Both Overdeck and Siegel...

WASHINGTON (Reuters) - Wall Street's top regulator is set to approve new rule changes on Wednesday that require mutual funds and exchange-traded funds to report portfolio holdings on a monthly basis rather than four times a year, bringing greater transparency to investors, officials said. The five-member U.S. Securities and Exchange Commission is due to hold a public meeting at 10:00...