These are the stocks posting the largest moves in midday trading.
Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal
Hanesbrands has agreed to sell its Champion brand to Authentic Brands Group in a transaction valued at $1.2 billion, the company announced Wednesday.
Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a ‘six-month thing’ as rates fall
Barry Sternlicht defended his decision to put a cap on how much money investors could pull from his real estate fund.
Ron Baron, big Tesla shareholder, supports Elon Musk’s $56 billion pay package
Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk’s controversial $56 billion pay package.
Private payrolls growth slows to 152,000 in May, much less than expected, ADP says
Private job creation slowed more than expected in May, signaling further slowing in the labor market.
Stocks making the biggest moves premarket: Hewlett Packard Enterprise, Instacart, CrowdStrike and more
These are the stocks posting the largest moves in premarket trading.
Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO
The new Google executive will replace Ruth Porat, who will become president and chief investment officer of the company after nearly a decade as CFO.
Dubai Mall, one of the world’s largest, is getting even bigger with a $400 million expansion
The sprawling shopping complex is already home to 1,200 stores, 200 food and beverage outlets, an aquarium, a skating rink, and indoor amusement parks.
Goldman-backed Starling says no plans to pursue EU bank license, expansion to come from software
Starling will pursue international expansion via its software business Engine rather than via banking licenses, incoming CEO Raman Bhatia said.
Citadel and BlackRock back project to start a national stock exchange in Texas
BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas.