MoneyGram Jumps on Reported Takeover Interest From PE Firm Advent
MoneyGram shares were higher after a media report said the Dallas money-transfer-services company might have drawn acquisition interest from a private equity firm.The company is "rumored to be in the sights of private equity group Advent," the Financial Times reported on Friday. The news service didn't say where it it got that information.The speculation about Advent's interest surfaced as MoneyGram is close to closing a major debt refinancing, the paper said. That effort could be completed as
U.S. stock index futures edged higher on Wednesday helped by a rise in mega-cap technology stocks, as investors awaited Federal Reserve chair Jerome Powell’s testimony and more earnings reports from big banks poured in.At 8:15 a.m. ET, Dow E-minis were up 14 points, or 0.04%, S&P 500 E-minis were ip 7 points, or 0.16% and Nasdaq 100 E-minis were up 71.5 points, or 0.48%.Powell is set to appear before Congress on Wednesday and Thursday, and many will be watching for signs if the central bank woul
The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.The broad market index ticked up less than 0.1% to 4,291.80, good enough for its fourth-straight record close. The Dow Jones Industrial Average finished with a gain of about 9 points after being up more than 100 points earlier in the session, closing at 34,292.29. The tech-heavy Nasdaq Composite added ab