Smaller social media stocks are slowly winning over analysts as the outlook for the advertising industry improves.
Walgreens Boots Alliance Inc. had its senior unsecured credit rating cut to junk by Moody’s Investors Service, with the credit grader citing the drugstore chain’s high debt relative to earnings and risks associated with its push to offer more healthcare services.
Signa dismissed the chief executive officer of its two main property units due to its strong suspicion he’d violated his duties as a board member.
Activist investor Carl Icahn cut his position in FirstEnergy Corp., the Ohio utility owner that has been embroiled in a federal corruption scandal, and relinquished a board seat he controlled.
The International Monetary Fund’s executive board approved the disbursal of $900 million in aid to Ukraine, an injection of funds that comes amid concerns about future financial and military support from Western allies.
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