Comerica Bank (CMA) exceeded analysts’ expectations for its third-quarter earnings, reporting adjusted earnings of $1.37 per share. However, despite the positive earnings, the stock dipped on Monday. Following the announcement, several analysts adjusted their price targets for Comerica, with some maintaining their outlook while others upgraded their ratings.
Phillips 66 has announced the sale of its 49% stake in Coop Mineraloel AG (CMA) to its Swiss joint venture partner for $1.24 billion. The transaction, expected to close in Q1 2025, will support Phillips 66’s strategic priorities, including shareholder returns. The sale price is subject to adjustments based on the dividend amount. PSX shares are trading lower on Tuesday following the announcement.
Microsoft has avoided a full-blown UK investigation into its recruitment of staff from startup Inflection AI. The Competition and Markets Authority (CMA) determined that while the acquisition of certain Inflection assets constituted a merger situation, it wouldn’t significantly impact competition. Microsoft’s acquisition of Inflection staff has been seen as a strategic move to diversify its AI capabilities. Meanwhile, the CMA is conducting separate investigations into Microsoft’s investment in OpenAI and Amazon’s partnership with Anthropic.
The Institute of Cost Accountants of India (ICMAI) has released the results for the CMA June 2024 exams for both Intermediate and Final courses. Candidates can now access their results on the official ICMAI website. This article provides a breakdown of the pass percentages for each group and key highlights of the exam results.
The Competition and Markets Authority (CMA) is investigating supermarket loyalty card discounts, examining whether they offer genuine savings to shoppers. The CMA is also looking into unit pricing practices to ensure shoppers can easily compare prices and find the best deals.
