Spinoffs Outperforming the S&P 500 Boost the Case for Breakups
  • January 6, 2025

Spinoffs Outperforming the S&P 500 Boost the Case for Breakups

(Bloomberg) -- The pace of spinoffs in the US is set to accelerate in 2025, and if history is any guide, the newly created companies are poised to deliver solid returns for investors, according to a report from Trivariate Research.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeIs This Weird Dome the Future of Watching Sports?Don’t Shrink the BusCan American Drivers Learn to Love Roundabouts?NYC Congestion Pricing Takes Effect After Years of DelaysShares

Tropicana Supplier Alico Cuts Citrus Operations As Greening Disease Bites, Eyes Growth In Real Estate; Stock Jumps
  • January 6, 2025

Tropicana Supplier Alico Cuts Citrus Operations As Greening Disease Bites, Eyes Growth In Real Estate; Stock Jumps

Alico, Inc. (NASDAQ:ALCO) shares traded higher on Monday after the Florida-based agribusiness and land management company announced key changes to its operations. Alico plans to wind down Alico Citrus’ primary operations, which will include reducing most of its citrus production workforce effective immediately. Alico’s Board approved reducing up to 172 positions, with 135 employees affected by January 6, 2025, and the remainder by April 1, 2025. Alico expects that approximately 3,460 citrus acre

Arbe Robotics Stock Jumps On NVIDIA Collaboration - What's Going On?
  • January 6, 2025

Arbe Robotics Stock Jumps On NVIDIA Collaboration - What's Going On?

Arbe Robotics Ltd. (NASDAQ:ARBE) shares are trading higher after the company partnered with NVIDIA Corporation (NASDAQ:NVDA) to enhance free space mapping and AI-driven capabilities for the automotive industry. The collaboration aims to advance vehicle safety and autonomy, with Arbe set to showcase its ultra-high-definition radar technology at CES 2025. Arbe said its radar technology delivers a “Grand Unified Perception Model,” integrating radar data into OEM systems for autonomous driving. It p