Al Shams Investments, the largest shareholder of Braemar Hotels & Resorts, has nominated five independent, highly experienced candidates for election to Braemar's Board of Directors at the 2026 Annual Meeting. This move follows a 90% decline in Braemar's stock price since its 2013 separation from Ashford Hospitality Trust, amid shareholder concerns over poor governance and high advisory fees. The nominees bring expertise in real estate, finance, law, and corporate governance, aiming to enhance oversight and performance. Shareholders will vote on these nominees in November 2026, potentially reshaping the company's leadership and strategy.
Kroger reported mixed Q2 earnings with adjusted EPS of $1.09 beating estimates, but revenues slightly below expectations at $34.62 billion. Despite slower sales growth, Kroger maintained its full-year adjusted EPS guidance of $5.10 to $5.30, supporte...
Enbridge Inc. is expanding its crude oil infrastructure by acquiring Tallgrass Energy's crude oil business for $2.55 billion. This move strengthens its presence in key U.S. oil regions and is funded partly by a recent $3 billion public offering. Desp...
RF Industries reported a record quarterly revenue of $23.96 million, a 21% increase from last year, surpassing analyst expectations. Although earnings per share slightly missed estimates at $0.19 versus $0.20, the company showed strong year-over-year...
Morgan Stanley analyst Joe Laetsch raised Valero Energy's price target to $411, signaling a potential 3.18% upside from its current price. Institutional investors like Virginia Retirement Systems and Gamco Investors are initiating new positions, whil...
Hain Celestial reported a Q4 2026 loss per share of $0.05, missing analyst estimates of $0.03 loss, with revenues down to $263.07 million from $363.35 million a year ago. The company is selling its international business for $323 million to focus on ...
