Red Cat Holdings (RCAT) shares fell 1.1% on December 23 after an initial 5% gain, as investors weighed the benefits of a new FCC ban on foreign drones against the company's weak financials.
An analysis of Costco's (COST) ownership structure shows institutional investors control 69% of the company, highlighting their significant influence over the retail giant's stock.
Chicago Bridge & Iron Company (CB&I) has acquired Petrofac's Aberdeen-based engineering and operations arm, a move that saves approximately 3,000 UK jobs while avoiding Petrofac's estimated $707.9 million debt.