Skip to main content

PLMT News

ASB Bancorp's Top Stakeholders Demand a Sale

The small North Carolina bank is an underperformer that activist shareholders say won't be able to solve its problems on its own. But it has plenty to offer potential acquirers.

Former JPMorgan CEO Wins Bank Bid

Cadence Financial terminated their $23.6 million merger agreement for with Trustmark to be acquired for $30 million by a newly formed private equity group.

Breaking News

Twitter Stock Leaps As Elon Musk Adds More Equity To $44 Billion Takeover Bid, Closes Tesla Margin Loan

Elon Musk has closed out his margin loans, linked to Tesla shares, and pledged another $6.25 billion in equity to fund his $44 billion takeover of the social media website.

Nvidia Stock Skids As Muted Gaming Sector Outlook Offsets Q1 Earnings Beat

"As we look into the second half of the year, it's hard to predict exactly when COVID and the war in Russia is going to be behind us," said CEO Jensen Huang.

Macy's Stock Soars On Q1 Earning Beat, 2022 Profit Forecast Boost As Shoppers Defy Inflation Gloom

"While macroeconomic pressures on consumer spending increased during the quarter, our customers continued to shop," said CEO Jeff Gennette.

Broadcom Agrees to Buy VMware in $61 Billion Cash-and-Stock Cloud Software Deal

"Combining our assets and talented team with Broadcom's existing enterprise software portfolio creates a remarkable enterprise software player," said VMware CEO Raghu Raghuram.