Investing.com -- Tailored Brands Inc. filed publicly for an initial public offering on Friday, moving forward with its return to public markets after emerging from bankruptcy protection in 2020.
The Houston, Texas-based company, which owns Men's Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore, reported net income of $44.9 million for the three months ended May 2 on revenue of $681.8 million, according to a filing with the US Securities and Exchange Commission.... (continue reading...)
Investing.com -- Iran's Foreign Ministry said today that Tehran did not request negotiations with the United States, contradicting statements made by President Donald Trump earlier in the day.
Foreign Ministry spokesperson Esmaeil Baghaei said Iran had not sought negotiations with the U.S. but had accepted a visit by a Qatari mediator to Iran, according to Iranian state television.
Trump said today that the United States had agreed to talks with Iran after Tehran asked to... (continue reading...)
Investing.com -- Shares of CONMED Corporation rose more than 8% in after-hours trading on Friday following a Bloomberg report that the medical device company is exploring a potential sale.
The company is evaluating its options after receiving takeover interest, according to the report.
Investing.com -- Apple filed a lawsuit on Friday against OpenAI and two former Apple employees, accusing them of stealing the company’s trade secrets.
The complaint was filed in the U.S. District Court for the Northern District of California. Apple named Chang Liu and Tang Yew Tan, both former employees who joined OpenAI, as defendants in the case.
According to the court filing, Apple alleges that Tang Yew Tan, now serving as OpenAI’s chief hardware officer, is using... (continue reading...)
Investing.com -- SK Hynix chief executive Kwak Noh-jung warned Friday that the global memory industry faces its worst supply shortage ever in 2027, as demand for memory chips continues to outpace production capacity.
The South Korean memory chipmaker expects customer demand to exceed its supply capacity beyond 2030, Kwak said in an interview on Friday. The company is working to address the capacity limitations as customer demand continues to rise.
"We forecast that next... (continue reading...)
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