Restructuring Expected to Streamline Organization and Reduce Annualized Expenses by Over $20 MillionJantoon Reigersman Appointed President and Chief Executive OfficerMichael Darrow to Depart from Company SANTA MONICA, Calif., June 14, 2023 /PRNewswire/ — TrueCar, Inc. (NASDAQ: TRUE) today announced a strategic restructuring to streamline the organization, including a workforce reduction impacting approximately 102 positions, or 24%… Continue reading TRUECAR ANNOUNCES STRATEGIC RESTRUCTURING AND LEADERSHIP TRANSITION
Tag: Morgan
Bristow Group to Present at the 2023 J.P. Morgan Energy, Power & Renewables Conference and Plans to Issue 2024 Financial Outlook
HOUSTON, June 13, 2023 /PRNewswire/ — Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced it will present at the 2023 J.P. Morgan Energy, Power & Renewables Conference on Wednesday, June 21, 2023, where it will also issue select financial guidance for 2024. Bristow’s President and Chief… Continue reading Bristow Group to Present at the 2023 J.P. Morgan Energy, Power & Renewables Conference and Plans to Issue 2024 Financial Outlook
Options Traders Score Cheap Premium After Nio Earnings
Options traders are blasting China-based electric vehicle (EV) name Nio Inc (NYSE:NIO), after the company reported first-quarter earnings on Friday. At last glance, more than 246,000 calls and 107,000 puts had crossed the tape, which is triple the intraday average amount. Most popular and seeing new positions opening is the June 8.50 call. These traders are… Continue reading Options Traders Score Cheap Premium After Nio Earnings
Valvoline Inc. Announces Final Results of Its Tender Offer
LEXINGTON, Ky., June 13, 2023 /PRNewswire/ — Valvoline Inc. (NYSE: VVV) (the “Company”), a trusted leader in preventive automotive maintenance delivering quick and convenient service, today announced the final results of its modified “Dutch auction” tender offer to repurchase up to $1.0 billion in value of shares of its common stock, which expired at 12:00 midnight, at… Continue reading Valvoline Inc. Announces Final Results of Its Tender Offer
CAE announces closing of private offering of $400 Million of senior unsecured notes
MONTREAL, June 12, 2023 /PRNewswire/ – (NYSE: CAE) (TSX: CAE) – CAE Inc. (CAE or the Corporation) announced today the closing of its previously announced private offering of $400 million aggregate principal amount of 5.541% Series 1 Senior Unsecured Notes due June 12, 2028 (the Notes) (the Offering). The Notes are being offered through a syndicate… Continue reading CAE announces closing of private offering of $400 Million of senior unsecured notes
4 big analyst cuts: Tesla trimmed, but still a buy; Nio slapped with 2 downgrades
Here is your Pro Recap of the biggest analyst cuts you may have missed since Friday: downgrades at Tesla, Nio, Bill.com, and Floor & Decor. InvestingPro subscribers got this news in rapid fire. Never be left in the dust again. Tesla downgraded to Buy, shares gain on a partnership deal with General Motors CFRA downgraded… Continue reading 4 big analyst cuts: Tesla trimmed, but still a buy; Nio slapped with 2 downgrades
Nasdaq to buy financial software firm Adenza for $10.5b
Nasdaq on Monday said it will buy Thoma Bravo-owned software firm Adenza for $10.5 billion, in what would be the exchange operator’s biggest acquisition as it speeds up its push to become a more tech-focused company. Shares of Nasdaq extended losses to trade down 8.4% at $53 before the bell. The purchase, consisting of $5.75 billion in cash and 85.6 million shares of Nasdaq common stock, is expected to… Continue reading Nasdaq to buy financial software firm Adenza for $10.5b
Sabre and Aeromexico launch NDC content to Sabre-connected travel agents
Mexico’s global airline will distribute its NDC content through Sabre’s travel marketplace; Sabre is the first GDS that has activated the carrier’s NDC offers SOUTHLAKE, Texas, June 12, 2023 /PRNewswire/ — Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, and Aeromexico, Mexico´s global airline, announced today that the carrier’s… Continue reading Sabre and Aeromexico launch NDC content to Sabre-connected travel agents
India becomes destination for auto OEMs to secure their digital content needs
As the software content in vehicles is growing, with systems like smart cockpits becoming an integral part of the auto ecosystem, India has become the go-to place to source digital engineering and talent. As the software content in vehicles is growing, with systems like smart cockpits becoming an integral part of the auto ecosystem, India… Continue reading India becomes destination for auto OEMs to secure their digital content needs
Q1 2023 NIO Inc Earnings Call
Participants Eve Tang; IR; NIO Inc. William Li; CEO; NIO Inc. Steven Feng; CFO; NIO Inc. Tim Hsiao; Analyst; Morgan Stanley Bin Wang; Analyst; Credit Suisse Ming-Hsun Lee; Analyst; Bank of America Yuqian Ding; Analyst; HSBC Nick Lai; Analyst; JP Morgan Paul Gong; Analyst; UBS Xing Chang; Analyst; CICC Vijay Rakesh; Analyst; Mizuho William Bin… Continue reading Q1 2023 NIO Inc Earnings Call