Casa Systems, Inc. ( CASA ) shares are tumbling after the company initiated a court-supervised Chapter 11 sale process to achieve value-maximizing sales of its businesses. The company filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Casa Systems ( CASA ) inked an asset purchase agreement to...

01:44 PM EDT, 04/03/2024 (MT Newswires) -- IBEX Technologies ( IBXNF ) shareholders on Wednesday approved the proposed amalgamation of IBEX and 15720273 Canada Inc., a newly-incorporated wholly owned subsidiary of BBI Solutions OEM Limited. BBI will acquire all of the shares of IBEX at $1.45 per share in cash for total consideration of $37.9 million. Closing of the amalgamation...

01:40 PM EDT, 04/03/2024 (MT Newswires) -- Tesla's (TSLA) big first-quarter delivery miss likely reflects slowing demand and could prompt markets to reassess growth expectations for this year and 2025, with a possibility for some downward revisions, UBS Securities said in a note e-mailed Wednesday. The electric vehicle maker said Tuesday it delivered 386,810 vehicles and produced 433,371 units for...

April 3 (Reuters) - The ethics adviser to Norway's $1.6 trillion sovereign-wealth fund is assessing whether to recommend the investor to divest its multi-billion dollar stake in mining giant Rio Tinto for environmental concerns, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The council on ethics has told Rio Tinto in recent months that it...