(Reuters) - Beacon Roofing Supply (NASDAQ:BECN) is negotiating a potential $11 billion buyout from billionaire Brad Jacobs-run QXO, in a complete reversal after it rebuffed an earlier offer and adopted a poison pill to stave off a hostile takeover attempt.The companies confirmed on Monday they are in discussions about a combination in which QXO would acquire Beacon for $124.35 per share in cash. ...
By Nate Raymond(Reuters) -The U.S. Supreme Court rejected on Monday a bid by 19 Republican-led states led by Alabama to block five Democratic-led states from pursuing lawsuits accusing major oil companies of deceiving the public about the role fossil fuels have played in causing climate change.The justices declined to hear a case that was filed directly with the Supreme Court by Republican state a ...
(Reuters) -Social media platform X went down for nearly 12,000 users on Monday, which owner Elon Musk said was the result of a cyberattack."There was (still is) a massive cyberattack against X. We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved," Musk said in a post on the platform.A source in the internet infrastruc ...
As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Tuesday, March 11, 2025. The spotlight will be on the JOLTs Job Openings report, which provides valuable insights into the labor market’s health and potential implications for monetary policy.Major Economic Events to Watch• 10:0 ...