03:33 PM EDT, 10/14/2024 (MT Newswires) -- Apollo Global Management-backed (APO) Legendary Entertainment has agreed to acquire the equity interest in the studio held by Chinese conglomerate Wanda Group, according to news reports Monday. Wanda held a 60% stake in the entertainment company, according to the Wrap. Apollo bought a $760 million equity stake in Legendary in 2022 from Wanda,...

03:23 PM EDT, 10/14/2024 (MT Newswires) -- Consumer stocks were rising late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.4%. In corporate news, Vicinity Motor ( VEV ) shares plunged past 34% after it said if its creditors proceed with receivership enforcement, it will...

Deep-pocketed investors have adopted a bearish approach towards Cava Group ( CAVA ) , and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CAVA ( CAVA ) usually suggests something big is about to happen. We...

HOUSTON, Oct 14 (Reuters) - Three workers filed a lawsuit in a Texas state court in Houston on Monday against Mexico's national oil company Pemex for injuries they allege were received in a hydrogen sulfide release at a Deer Park, Texas refinery on Thursday. Two contractors were killed and 35 people treated for exposure to deadly hydrogen sulfide gas on...