DUBAI, Aug 9 (Reuters) - Abu Dhabi wealth fund ADQ and Sotheby's majority owner Patrick Drahi will invest $1 billion in the auction house in a deal that will see ADQ acquire a minority stake in the company, the fund and Sotheby's said on Friday. French-Israeli billionaire Drahi, who founded telecoms group Altice, has been struggling with soaring debt costs...

01:29 PM EDT, 08/09/2024 (MT Newswires) -- Manuel Arroyo, Executive Vice President, on August 07, 2024, sold 27,509 shares in Coca Cola (KO) for $1,876,670. Following the Form 4 filing with the SEC, Arroyo has control over a total of 145,583 shares of the company, with 145,583 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/21344/000112760224021927/xslF345X03/form4.xml Price: 68.69, Change: -0.05, Percent Change: -0.07...

01:25 PM EDT, 08/09/2024 (MT Newswires) -- Under Armour ( UAA ) is making good initial progress on turning its business around with its fiscal Q1 results that could lead to improved sentiment and drive multiple expansion, UBS Securities said in a note. We think UAA's transformation initiatives and prudent cost controls should drive a healthy EPS recovery post FY25,...

01:30 PM EDT, 08/09/2024 (MT Newswires) -- Dropbox ( DBX ) posted a decent quarter in a challenging demand environment with Q2 earnings and revenue topping estimates by analysts, RBC Capital Markets said Friday in a report. As headwinds persisted in Q2, we were encouraged with execution once again, particularly on profitability, RBC said. The technology company's full-year revenue and...