Posts by Stephanie Irvin
WeightWatchers files bankruptcy as GLP-1 drugs reshape market
Prepackaged bankruptcies generally allow companies to exit Chapter 11 quickly and without disruption to their business or unsecured creditors Published Wed, May 7, 2025 · 09:05 AM [NEW YORK] WeightWatchers, known for its diet programmes once endorsed by celebrities including Oprah Winfrey, has filed for bankruptcy after struggling to compete with weight-loss drugs such as…
Read MoreStocks to watch: UOB, FLCT, Aims Apac Reit, Acrophyte Hospitality Trust, Sats
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 7). UOB: The bank’s net profit for its first quarter was flat amid broad-based growth, it said on Wednesday. Net profit for the three months ended Mar 31, 2025, stood at S$1.49 billion, almost unchanged from S$1.487 billion…
Read MoreTrump hosts LVMH boss as tariffs threaten luxury goods
Published Wed, May 7, 2025 · 07:58 AM [WASHINGTON] Donald Trump hosted the head of luxury giant LVMH, Bernard Arnault, at the White House on Tuesday as the group confronts a dent in sales from the US president’s tariffs. Europe’s richest man, whose firm produces Louis Vuitton bags and Dom Perignon champagne, made a surprise…
Read MoreDelta must face passenger lawsuit over massive computer outage
DELTA Air Lines must face a proposed class action by passengers who said it refused to offer full refunds after delaying or cancelling their flights following a massive computer outage last July, a federal judge ruled on Tuesday. US District Judge Mark Cohen in Atlanta said five of the nine plaintiffs may pursue breach of…
Read MoreUS: Wall St opens lower on fresh tariff threats
Published Tue, May 6, 2025 · 09:48 PM [NEW YORK] Wall Street’s main indexes opened lower on Tuesday, after US President Donald Trump’s latest plans for pharma tariffs further dampened investor sentiment amid subdued corporate earnings. The Dow Jones Industrial Average fell 218.6 points, or 0.53 per cent, at the open to 41,000.19. The S&P…
Read MoreCitigroup to partner with Swiss bourse in private markets push
Published Tue, May 6, 2025 · 07:19 PM [ZURICH] Citigroup is partnering with Switzerland’s stock exchange SIX Group as part of a push by the Wall Street lender to make it easier for investors to settle and store their private markets holdings. The New York-based bank will use a platform operated by SDX, a…
Read MoreSingapore stocks end higher on Tuesday ahead of FOMC meeting; STI up 0.2%
Singtel is the top gainer on the Straits Times Index while Yangzijiang Shipbuilding, which is trading ex-dividend, falls the most [SINGAPORE] Stocks on the local bourse ended higher on Tuesday (May 6), ahead of the next US central bank meeting where policymakers are expected to keep interest rates on hold. The benchmark Straits Times Index…
Read MoreWhy a US-listed video game firm is paying a premium for a Singapore-based tech products distributor
[SINGAPORE] For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and smart technology – steadily built up its distribution network. Even after Ban Leong Technologies listed on the mainboard of the Singapore Exchange in June 2005, it remained largely under the radar to both consumers and…
Read MoreWhy a US-listed video game firm is paying a premium to take Ban Leong private
[SINGAPORE] For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and smart technology – steadily built up its distribution network. Even after Ban Leong Technologies listed on the mainboard of the Singapore Exchange in June 2005, it remained largely under the radar to both consumers and…
Read MoreMaybank lowers target price of CSE Global to S$0.58 but remains ‘top pick’
[SINGAPORE] Maybank securities analyst Jarick Seet cut his target price for systems integrator CSE Global to S$0.58 from S$0.67 in the light of fierce tariffs by US President Donald Trump. However, he kept his “buy” rating on the company, citing the impact from Trump tariffs to be “minimal”, considering how CSE Global has production facilities…
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