SK Group chief ordered to pay $1 bln in divorce case; shares in SK Inc soar
A South Korean court ruled SK Group Chairman Chey Tae-won must pay more than $1 billion to his estranged wife as part of their planned divorce, sending shares in the group’s holding firm surging on speculation that he will have to purchase more stock to cement his control. The Seoul High Court found Chey’s shares […]
Philip Morris suspends nationwide sales on Zyn.com after D.C. subpoena
Tobacco giant Philip Morris International (NYSE:PM) said on Monday that it would suspend online sales on Swedish Match North America’s ZYN.com nationwide as the Zyn nicotine pouch maker responds to a subpoena from the District of Columbia (D.C.). Philip Morris bought Swedish Match in a $16 billion deal in 2022 as the company looked to […]
Stocks making the biggest moves premarket: Hewlett Packard Enterprise, Instacart, CrowdStrike and more
Check out the companies making headlines before the bell. CrowdStrike — Shares soared 10% after the cybersecurity firm posted better-than-expected first-quarter results and strong guidance. CrowdStrike reported adjusted earnings of 93 cents per share on $921 million in revenue, which was higher than the 89 cents on $905 million in revenue analysts polled by LSEG had […]