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The logistics giant hopes to unlock more value in making FedEx Freight a standalone public company, all while competing for more volume.

Nike shares lost ground Friday morning after the athletic apparel company warned that its turnaround efforts will take time and weigh on short-term results. Monitor these key chart levels.

(Bloomberg) -- European stocks posted the biggest weekly decline in over three months, as Danish drugmaker Novo Nordisk A/S sank 21% after a study showed underwhelming results from its obesity drug trial.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends

(Bloomberg) -- It’s been a banner year for mega-municipal bond deals and Wall Street bankers only see it continuing through 2025.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThere have been a record of more than 60 outsized muni-bond sale

"Uzbekistan has built an open-banking system that is more advanced than in any developed market." Oliver Hughes, Head of International Business, TBC Bank Group on developments in Uzbekistan

Reverse stock splits offer an immediate - if artificial - benefit to companies struggling with low stock prices. But they rarely work out long term. The post Reverse stock splits: Often a path to oblivion appeared first on FreightWaves.

The company said the takeover offer was backed by Ron Burkle, the chairman.