ATI To Buyback Up To $700 Mln Of Common Stock

RTTNews | 50 ngày trước
ATI To Buyback Up To $700 Mln Of Common Stock

(RTTNews) - ATI Inc. (ATI) announced Tuesday that its Board of Directors has authorized the repurchase of up to $700 million of its outstanding common stock, which the Company currently expects will support a multi-year share repurchase program.

The repurchases under the program may be made in the open market or in privately negotiated transactions, with the amount and timing of repurchases depending on market conditions and corporate needs.

ATI said the stock repurchase program may be modified, suspended, or terminated at any time by the Board of Directors without prior notice.

Additionally, the Company has notified the holders of the remaining $291 million principal amount outstanding of its 3.5% Senior Convertible Notes due 2025 that the notes will be redeemed on September 10, 2024.

read more
CAC 40 Declines On China Concerns

CAC 40 Declines On China Concerns

French stocks traded lower on Wednesday due to concerns about slowing Chinese growth and the widening U.S. fiscal deficit.
RTTNews | 4h 25phút trước
McDonald's Stock Hit By E. Coli Outbreak Link To Quarter Pounders

McDonald's Stock Hit By E. Coli Outbreak Link To Quarter Pounders

McDonald's Corp.'s shares lost around 6 percent in the after-hours trading on Tuesday and are currently trading down around 6 percent in pre-market activity on the NYSE after the U.S. Centers for Disease Control and Prevention or CDC linked severe E. coli outbreak in Mountain West states to the fast food chain's Quarter Pounder hamburgers.
RTTNews | 4h 25phút trước
Asian Shares Mixed; Nikkei Underperforms

Asian Shares Mixed; Nikkei Underperforms

Asian stocks ended mixed on Wednesday and the U.S. dollar index surpassed 104 mark, tracking elevated U.S. treasury yields amid easing expectations of aggressive Federal Reserve rate cuts and fears the U.S. may be heading toward fiscal collapse.
RTTNews | 4h 51phút trước
European Shares Seen Opening Mixed

European Shares Seen Opening Mixed

European stocks are seen opening on a mixed note Wednesday following a quiet day on Wall Street overnight as traders grapple with Middle East tensions, a rising dollar and uncertainties over the upcoming U.S. presidential election.
RTTNews | 7h 48phút trước
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
RTTNews | 8h 7phút trước
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Wednesday, following the mixed cues from Wall Street overnight, as traders react to the Biden administration's renewed efforts to secure a cease-fire in the Middle East. The recent surge by bond yields and waning optimism about the outlook for interest rates is weighing on the markets. Asian markets closed mostly lower on Tuesday.
RTTNews | 10h 5phút trước