(Reuters) - Aviation service provider StandardAero, backed by buyout firm Carlyle Group, said on Monday it is seeking a valuation of up to $7.5 billion in its initial public offering in the United States. The company is targeting proceeds of up to $1.07 billion, selling 46.5 million shares priced between $20 and $23 each. The IPO comes as the aviation...

06:56 AM EDT, 09/23/2024 (MT Newswires) -- Progressive Planet Solutions ( ASHXF ) on Monday reported a swing to net income in the fiscal first quarter of 2025 as EBITDA also improved. Fiscal first-quarter net income amounted to $373,364, compared with a loss of $487,870. EBITDA improved to $743,000 from negative $113,000. Revenue decreased to $4.7 million from $4.9 million,...

BEIJING (Reuters) - Car dealers incurred combined losses of 138 billion yuan ($19.55 billion) in the first eight months of the year as they were forced to sell new cars at sizable discounts, the China Automobile Dealers Association (CADA) said on Monday. The losses were flagged in an emergency report on the financial difficulties and shutdown risks facing dealerships amid...

07:12 AM EDT, 09/23/2024 (MT Newswires) -- Jack Hightower, 10% Owner, Director, Chief Executive Officer, on September 20, 2024, executed a purchase for 100,000 shares in HighPeak Energy ( HPK ) for $1,554,000. Following the Form 4 filing with the SEC, Hightower has control over a total of 86,200,645 shares of the company, with 4,959,255 shares held directly and 81,241,390...