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2 mins read
Sebi approves IndusInd International Holdings's acquisition of Invesco's PMS business
According to sources, Sebi's approval marks the completion of a crucial phase in IndusInd Internati…
PTI
2 mins read
Closing Call : Banking sector in action, Axis, HDFC, ICICI biggest gainers during the day
Out of the 2,771 stocks traded on NSE during the day, 1,112 saw advances and 1,574 stocks declined.…
1 min read
AMC cancels vote on the sale of 25 million new shares after investors diverge from CEO and rally against it
AMC stock jumped as high as 5.9% as the movie theater chain called off vote on the sale of millions…
Emily Graffeo
5 mins read
HDFC Bank-HDFC merger news makes shareholders richer by over ₹1 lakh crore
There’s delight all around for the shareholders of HDFC group companies – for the past year or s…
2 mins read
AMC plunges 35% on fears the meme stock will be diluted by conversion of APE units
AMC plans to convert APE shares to common stock and conduct a reverse stock split in order to raise…
Jennifer Sor
7 mins read
AMC's CEO thought he was texting naughty photos to a former ballerina fling. Then everything went haywire.
A monthslong blackmail attempt for hundreds of thousands of dollars targeted AMC's CEO Adam Aron. H…
Madeline Berg
2 mins read
AMC CEO Adam Aron says companies should listen to individual shareholders - but one analyst says being accountable to millions of people is 'like answering to no one'
"It's not like any of them are going to really have leverage over him as the CEO," said investing a…
Natasha Dailey
1 min read
AMC Entertainment plunges 23% after it settles lawsuit to convert APE units into common stock
AMC shareholders had previously voted down a measure that would have given the company the authorit…
Matthew Fox
2 mins read
The biggest shareholder of Reddit darling AMC downsized its stake after the theater chain's record $4.6 billion loss last year
Since December, AMC's largest shareholder, the Chinese conglomerate Dalian Wanda Group Co. trimmed …
Natasha Dailey
1 min read
Regal Cinemas owner says shareholders could be wiped out after a lack of successful takeover offers
The warning from Britain's Cineworld comes after it hadn't received an all-cash bid to buy out the …
Insider Inc.
1 min read
AMC to sell movie theater popcorn exclusively at Walmart in latest attempt to make up for decline in customers
AMC Entertainment's move with Walmart comes as it has been trying to bring in more revenue since th…
Ben Tobin
22 mins read
Amazon CEO Andy Jassy says his letter to shareholders follows one of the toughest economic years in recent memory. Read it in full.
Jassy addressed the company's shareholders on Thursday in the annual letter, saying 2022 had been a…
Sam Tabahriti
2 mins read
AMC Entertainment soars 40% after its CEO plans more strategic deals to capitalize on interest from retail investors
"Our shareholder base has given us capital to deploy with the clear expectation that we are... goin…
Matthew Fox
1 min read
AMC stock falls after the meme darling books a deeper 4th-quarter loss than expected
The beloved meme stock fell 4.76% Wednesday to $6.78 after AMC reported a net loss of $287.7 millio…
Zahra Tayeb
1 min read
A new trading app wants to give retail investors a voice in activist campaigns against big corporations
The meme stock rally showed that social media makes collective action among retail investors much e…
Matthew Fox
2 mins read
AMC Entertainment buys 22% stake in a Nevada gold mine to diversify away from movie theater business
"In 2021, our retail shareholders armed us with a $1.8 billion war chest to play on offense and gro…
Matthew Fox
2 mins read
Meme-stock favorites GameStop and AMC plunge 15% as key technical support fails and shares approach death cross
While AMC and GameStop are about 60% below their record highs, the stocks are still up 1,004% and 6…
Matthew Fox
1 min read
AMC CEO Adam Aron says he's finished selling shares after offloading another $7.1 million worth of stock in the movie theater chain
Aron has sold more than $40 million worth of shares in the company since he announced the planned s…
Natasha Dailey
2 mins read
AMC extends 2-day decline to 20% after insider sales pile up, CEO rejects retail investors' idea of issuing NFT dividend
"NFTs are a superb idea. But not a 1 per share security token NFT dividend, as repeatedly described…
Matthew Fox
2 mins read
Movie theatre operator AMC's stock surged 23% after a potential legal delay to a plan that could dilute its shares
That's after a group of shareholders accused the chain of circumventing them with a plan that will …