Investors seeking stability often look toward the insurance sector for long-term growth. Choosing between Lincoln National (NYSE:LNC) and MetLife (NYSE:MET) requires weighing focused domestic operations against a massive global footprint. Lincoln National focuses heavily on retirement services and life insurance within the United States. MetLife operates on a much larger scale, providing instituti...
Investors seeking stability often look toward the insurance sector for long-term growth. Choosing between Lincoln National (NYSE:LNC) and MetLife (NYSE:MET) requires weighing focused domestic operations against a massive global footprint. Lincoln National focuses heavily on retirement services and life insurance within the United States. MetLife operates on a much larger scale, providing institutional employee benefits and asset management across dozens of markets. Both companies are currently navigating a shifting interest rate environment that significantly impacts their investment-driven business models and profitability. Lincoln National provides financial protection through products like annuities, life insurance, and retirement plan services within the insurance stocks category. It serves approximately 17 million customers primarily in the United States, targeting individuals and employers seeking long-term security. The company recently emphasized its group protection and retirement plan segments to capitalize on domestic demographic shifts and the growing need for workplace benefits. Continue reading
Apotex Health Corp. and some of its backers raised C$1.3 billion ($932 million) in a Toronto initial public offering, the country’s largest since 2021. The Canadian generic drug manufacturer priced its IPO at C$24 per share, the high end of the C$20 to C$24 range, according to a statement Tuesday confirming an earlier Bloomberg News report . Apotex sold 35.4 million shares and the selling holders ...
Apotex Health Corp. and some of its backers raised C$1.3 billion ($932 million) in a Toronto initial public offering, the country’s largest since 2021. The Canadian generic drug manufacturer priced its IPO at C$24 per share, the high end of the C$20 to C$24 range, according to a statement Tuesday confirming an earlier Bloomberg News report . Apotex sold 35.4 million shares and the selling holders divested about 18.8 million shares, after increasing the number of shares in the offering on Monday. The IPO is Canada’s largest since 2021, data compiled by Bloomberg show. Listings in the country have slowed significantly since a peak of 77 that year, and delistings and take-privates have outpaced new offerings, causing the number of public companies to shrink for the fourth consecutive year in 2025. Apotex was founded in 1974 by Barry Sherman, who built the company into one of the world’s largest manufacturers of generic drugs. Sherman and his wife, Honey Sherman, were found dead in their Toronto home in December 2017 in what police described as a double homicide. The case remains unsolved. The company was sold in 2023 to New York-based SK Capital Partners , a life-sciences focused investment firm, in a transaction that valued Apotex at C$3 billion to C$4 billion, people with knowledge of the deal previously told Bloomberg Businessweek. Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal and Jefferies Financial Group Inc. were among the banks that worked on the offering. The shares are expected to trade on the Toronto Stock Exchange under the symbol APTX.
Earnings Call Insights: Designer Brands Inc. (DBI) Q1 fiscal 2026 Management View “We are pleased with our start to fiscal 2026 with first quarter net sales growth in line with our plans and earnings per share exceeding our expectations, driven by strong margin expansion,” said (CEO & Director Douglas Howe), adding that “we continue to build on the momentum we generated in the back half of fiscal ...
Earnings Call Insights: Designer Brands Inc. (DBI) Q1 fiscal 2026 Management View “We are pleased with our start to fiscal 2026 with first quarter net sales growth in line with our plans and earnings per share exceeding our expectations, driven by strong margin expansion,” said (CEO & Director Douglas Howe), adding that “we continue to build on the momentum we generated in the back half of fiscal 2025.” “For the first quarter, net sales increased 1% year-over-year and consolidated comparable sales decreased by 1%,” (CEO Howe) said, pointing to segment divergence: “Performance was led by our Brand Portfolio segment that delivered strong growth of 19% versus the prior year and Retail segment sales were stable, approximately flat to last year.” “We drove meaningful gross profit expansion with gross margin increasing 240 basis points versus last year and gross profit increasing by $21 million,” (CEO Howe) said, attributing margin progress to “structural changes we’ve made across inventory management, pricing, disciplined sourcing and channel profitability.” “Notably, we generated adjusted operating income of $19 million and adjusted EPS of $0.07,” (CEO Howe) said. “First quarter consolidated net sales of $696 million were up 1.4% versus last year, with comparable store sales down 1.1%,” said (CFO, Executive VP & Principal Financial Officer Sheamus Toal). “Contemplated within the results are immaterial corrections to prior year periods related to inadvertent errors due to a misapplication of duty rates applied to our Topo-branded products imported into the United States,” said (Senior Vice President of Strategy and FP&A Matthew Crummy). Outlook “While we continue to expect sales for the fiscal year in line with our original guidance, given the strong results in Q1, we now expect full year earnings per share to trend towards the high end of our annual guidance range,” said (CFO Toal). “We anticipate total sales to be flat to slightly up for the quarter,” (CFO Toal) said o...
In South Carolina, both Republican candidates for governor are MAGA devotees, but Trump only endorsed Lt. Gov. Pamela Evette, not Attorney General Alan Wilson. The two are headed to a GOP runoff. (Image credit: Win McNamee)
In South Carolina, both Republican candidates for governor are MAGA devotees, but Trump only endorsed Lt. Gov. Pamela Evette, not Attorney General Alan Wilson. The two are headed to a GOP runoff. (Image credit: Win McNamee)
Nasa astronaut Jessica Meir, part of the SpaceX Crew-12 mission, released a timelapse showing the southern lights as seen from the SpaceX Dragon spacecraft. They appear near the poles because Earth's magnetic field channels charged particles from the sun toward those regions, where they collide with the atmosphere and create shimmering curtains of colour. 'As opposed to the previous aurora I’ve se...
Nasa astronaut Jessica Meir, part of the SpaceX Crew-12 mission, released a timelapse showing the southern lights as seen from the SpaceX Dragon spacecraft. They appear near the poles because Earth's magnetic field channels charged particles from the sun toward those regions, where they collide with the atmosphere and create shimmering curtains of colour. 'As opposed to the previous aurora I’ve seen, this one danced and snaked its way directly below us, putting on quite a show. I am in awe of this ethereal and emotionally evocative phenomenon,' Meir wrote on social media Continue reading...
Sequoia Partner Shaun Maguire: SpaceX's New Millionaires Will Fund Pro-America Projects SpaceX's planned IPO next Friday will be a major wealth-creation event for current and former employees, including engineers, technicians, mariners, welders, and other salaried workers who have accumulated equity over the years. Elite liberals who earned unproductive, 'woke' degrees and are drowning in $100,000...
Sequoia Partner Shaun Maguire: SpaceX's New Millionaires Will Fund Pro-America Projects SpaceX's planned IPO next Friday will be a major wealth-creation event for current and former employees, including engineers, technicians, mariners, welders, and other salaried workers who have accumulated equity over the years. Elite liberals who earned unproductive, 'woke' degrees and are drowning in $100,000 or more in student debt, working two jobs, won't be able to stomach that the basic SpaceX welder working on Starship will become an overnight millionaire next Friday. There will be thousands of new millionaires next Friday after the world's largest IPO hits the Nasdaq. Some reports indicate that 4,000 new millionaires will be minted. Read: Deep Dive Inside The Mechanics Of The SpaceX Offering: How To Trade The World's Biggest IPO Of course, employees generally face lock-up periods before selling pre-IPO shares. The Wall Street Journal spoke with several former employees expected to become overnight millionaires: Maryellyn Musselman, a former SpaceX engineering officer on rocket-recovery vessels, put 10% of her paycheck into company equity and may use the proceeds to start a repair business in Virginia. Juan Hernandez, a former SpaceX welder who started as a contractor at $28 an hour, used earlier share sales to buy Texas properties and build a real estate business with his wife. His remaining stake is worth about $880,000 at the IPO price. As for what some of these newly minted millionaires will do with their wealth, Shaun Maguire of Sequoia Capital told Molly O'Shea of the Sourcery podcast: "There's this meme that wives of tech billionaires go on to do NGOs and fund bad causes—SpaceX will be the literal opposite." "These people are going to do the most amazing things with their money." "Most people that joined SpaceX over 15 years ago—they did it for the mission. Because they love space, and want to build rockets. They want to work with their hands and want to keep Americ...
Thailand’s former prime minister Thaksin Shinawatra is officially a free man, less than a week after receiving a royal pardon, according to the Department of Corrections. Thaksin, 76, served eight months of a one-year sentence for corruption and abuse of power before being released on parole last month due to his age and health. The Department of Corrections said the former premier was required to...
Thailand’s former prime minister Thaksin Shinawatra is officially a free man, less than a week after receiving a royal pardon, according to the Department of Corrections. Thaksin, 76, served eight months of a one-year sentence for corruption and abuse of power before being released on parole last month due to his age and health. The Department of Corrections said the former premier was required to wear an electronic monitoring device as a condition of his release. The telecoms billionaire was...
(RTTNews) - The Hong Kong stock market has moved lower in five straight sessions, slumping almost 1,400 points or 5.9 percent along the way. The Hang Seng Index now sits just above the 24,560-point plateau and it's likely to see continued consolidation on Wednesday.
(RTTNews) - The Hong Kong stock market has moved lower in five straight sessions, slumping almost 1,400 points or 5.9 percent along the way. The Hang Seng Index now sits just above the 24,560-point plateau and it's likely to see continued consolidation on Wednesday.