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South Korean battery maker LGES pauses some part of U.S. battery plant construction

South Korean battery maker LGES pauses some part of U.S. battery plant construction SEOUL, June 28 (Reuters) - LG Energy Solution (LGES) 373220.KS has paused part of construction of its multi-billion dollar battery factory in the U.S. state of Arizona due to changing environment of battery market, the company said on Friday. The South Korean battery maker, which supplies automakers including Tesla TSLA.O , General Motors GM.N , Hyundai Motor 005380.KS among others, said it has suspended the cons
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Pinnacle West Appoints Three New Members To Its Board Of Directors

BRIEF-Pinnacle West Appoints Three New Members To Its Board Of Directors Pinnacle West Capital Corp PNW.N : PINNACLE WEST APPOINTS THREE NEW MEMBERS TO ITS BOARD OF DIRECTORS PINNACLE WEST CAPITAL - APPOINTMENTS, EFFECTIVE JULY 1, INCREASE NUMBER OF PINNACLE WEST DIRECTORS FROM 9 TO 12, OF WHICH 11 ARE INDEPENDENT MEMBERS Source text for Eikon: ID:
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Pinnacle West Prices Upsized Offering Of $475 Mln Of 4.75% Convertible Senior Notes Due 2027

BRIEF-Pinnacle West Prices Upsized Offering Of $475 Mln Of 4.75% Convertible Senior Notes Due 2027 June 4 (Reuters) - Pinnacle West Capital Corp PNW.N : PINNACLE WEST UPSIZES AND PRICES OFFERING OF $475 MILLION OF 4.75% CONVERTIBLE SENIOR NOTES DUE 2027 Source text for Eikon: ID:nBw61xTSna Further company coverage: PNW.N
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U.S. STOCKS Arrowhead, Novavax, Precigen

BUZZ-U.S. STOCKS ON THE MOVE-Arrowhead, Novavax, Precigen Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 inched up on Monday as falling U.S. Treasury yields boosted megacap growth stocks, while investors assessed data that showed local manufacturing activity had eased for the second consecutive month in May.
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U.S. STOCKS MarineMax, JetBlue Airways, Boston Beer

BUZZ-U.S. STOCKS ON THE MOVE-MarineMax, JetBlue Airways, Boston Beer Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Nasdaq and S&P 500 futures started the month on a positive note on Monday as falling U.S. Treasury yields boosted megacap growth stocks ahead of a data-packed week.
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Pinnacle West drops on convertible debt deal plans

BUZZ-Pinnacle West drops on convertible debt deal plans ** Pinnacle West's PNW.N shares down 3.7% at $76 premarket as utility firm looks to raise capital ** Co says offering privately $450 mln convertible bonds due 2027 ** It says plans to use net offering proceeds for general corp purposes, including debt repayment/refinancing, working capital and investments in operating subsidiary, Arizona Public Service Company ** Pinnacle has ~$9 bln market cap, per LSEG data ** Through Fri, PNW up 9.8% YTD
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Pinnacle West Announces Proposed Offering Of $450 Mln Of Convertible Senior Notes Due 2027

BRIEF-Pinnacle West Announces Proposed Offering Of $450 Mln Of Convertible Senior Notes Due 2027 June 3 (Reuters) - Pinnacle West Capital Corp PNW.N : PINNACLE WEST ANNOUNCES PROPOSED OFFERING OF $450 MILLION OF CONVERTIBLE SENIOR NOTES DUE 2027 Source text for Eikon: ID:nBw2CKmGfa Further company coverage: PNW.N
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U.S. Perficient, Target, Vertex Pharmaceuticals

U.S. RESEARCH ROUNDUP- Perficient, Target, Vertex Pharmaceuticals May 7 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Perficient, Target and Vertex Pharmaceuticals, on Tuesday. HIGHLIGHTS * Cerence Inc CRNC.O : Needham cuts to hold from buy * Gap Inc GPS.N : Citigroup raises to buy from neutral * Perficient Inc PRFT.O : Alliance Global Partners cuts to neutral from buy * Target Corp TGT.N : Citigroup raises to buy
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Pinnacle West Capital Corp reports results for the quarter ended in March - Earnings Summary

Pinnacle West Capital Corp reports results for the quarter ended in March - Earnings Summary Pinnacle West Capital Corp PNW.N reported quarterly adjusted earnings of 15 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of ten analysts for the quarter was for a loss of one cent per share.
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Pinnacle West Capital posts Q1 profit on customer growth, new rates

Pinnacle West Capital posts Q1 profit on customer growth, new rates May 2 (Reuters) - Pinnacle West Capital Corp PNW.N posted a quarterly profit from year-ago loss on Thursday, on the back of customer growth, increased sales and new rates. Utility companies use General Rate Case (GRC) proceedings to increase consumer electricity prices to ask for an increase in rates on the basis of its total cost of providing service.
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Pinnacle West Q1 EPS USD 0.15 Vs. IBES Estimate 0

BRIEF-Pinnacle West Q1 EPS USD 0.15 Vs. IBES Estimate USD -0 May 02 (Reuters) - Pinnacle West Q1 operating income USD 66.792 million. Q1 pretax profit USD 25.059 million Q1 net income USD 21.168 million Q1 operating revenue USD 951.712 million
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Fed QT taper calms the horses, yen pops again

MORNING BID AMERICAS-Fed QT taper calms the horses, yen pops again A look at the day ahead in U.S. and global markets from Mike Dolan Anxious bond traders seem to have taken solace from the Federal Reserve's surprisingly sharp brake on its "quantitative tightening" process on Wednesday, while the yen capitalized on an easier dollar after what seemed like the second bout of Japanese intervention this week.
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What to Watch in the Day Ahead - Thursday, May 2

What to Watch in the Day Ahead - Thursday, May 2 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT Apple's revenue is expected to decline 5% and would mark the fifth instance of topline drop in the past six quarters as demand for its chief commodity the iPhone as well Mac computers remains weak.
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Pinnacle West Capital Corp <PNW.N> expected to post breakeven results a share - Earnings Preview

Pinnacle West Capital Corp expected to post breakeven results a share - Earnings Preview Pinnacle West Capital Corp PNW.N , PNW is expected to show a rise in quarterly revenue when it reports results on May 2 for the period ending March 31 2024 The Phoenix Arizona-based company is expected to report a 3.2% increase in revenue to $974.965 million from $944.96 million a year ago, according to the mean estimate from 4 analysts, based on LSEG data.
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