11:57 AM EST, 02/07/2025 (MT Newswires) -- (Updates shares.) Converge Technology Solutions ( CTSDF ) shares rose by more than half after the company on Friday said it agreed to an offer from H.I.G. Capital to acquire the company in an all-cash transaction valued at $1.3 billion. Under the deal, Converge shareholders will receive $5.50 per share, a 56% premium...

11:50 AM EST, 02/07/2025 (MT Newswires) -- Skechers USA ( SKX ) is an underappreciated growth stock with strong earnings potential despite near-term challenges, UBS Securities said in a report Friday. The footwear company's strong global brand, robust product demand, and superior distribution model will drive faster-than-expected sales, earnings before interest and taxes margin, and earnings growth, UBS said, adding...

PARIS, Feb 7 (Reuters) - French prosecutors have opened an investigation into Elon Musk's X social media platform over alleged algorithmic bias, Franceinfo reported on Friday, citing an official statement. News of the probe comes just days before a major AI summit in Paris, which is due to host global leaders including U.S. Vice President JD Vance and Indian Prime...

HOUSTON (Reuters) - Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades dwindles, creating bottlenecks for producing exportable blends, according to company documents and vessel tracking data. U.S.-sanctioned Venezuela and Iran had a swap agreement that allowed PDVSA to import crude and condensate between 2021 and 2023 and...