ROME (Reuters) - Italy is preparing a decree to ease a long-awaited tie-up between state-backed Rai Way and rival EI Towers, government officials said on Tuesday, which would create a TV towers group worth more than 2 billion euros ($2.17 billion). The merger is a concrete hypothesis but still requires some reflection, Cabinet Undersecretary Alberto Barachini told reporters on the...

11:16 AM EDT, 03/26/2024 (MT Newswires) -- Reddit ( RDDT ) shares were up more than 11% in recent Tuesday trading after the social-media operator completed its initial public offering Monday. The IPO comprised 25.3 million class A shares priced at $34 each, according to a filing with the US Securities and Exchange Commission. Reddit ( RDDT ) said it...

11:27 AM EDT, 03/26/2024 (MT Newswires) -- (Updates with company response in the fourth and fifth paragraphs.) Meta Platforms' ( META ) oversight board on Tuesday recommended the Facebook owner to end its blanket ban on the Arabic word shaheed. The social media giant presently removes any posts using shaheed in referring to people it designates on its list of...

KULR Technology Group, Inc. ( KULR ) shares are jumping higher after it received a significant six-figure contract from Lockheed Martin Corporation ( LMT ) . As per the terms, KULR ( KULR ) will develop phase change material (PCM) heat sinks that are key for the thermal regulation of essential electronics within long-range precision missiles.  The contract win follows a series of successful...