Colin Kellaher

Taking advantage of a renewed mania for meme stocks, AMC Entertainment has struck deals to swap nearly 23.3 million shares for around $163.9 million of its 10%/12% cash/PIK toggle second-lien subordinated notes due 2026. AMC shares, which hit an all-time low in January and ended last week at $2.91, came back to life on Monday after the social media user known as Roaring Kitty, who helped drive the meme stock frenzy in 2021 posted on social-media platform X for the first time in nearly three years.

Shares of Huntington Bancshares fell after the bank holding company cut its full-year guidance for a key earnings metric. Shares of the company were recently changing hands at $12.64, down nearly 6%. At an investor conference, Huntington said it now expects net interest income—the difference between what banks pay out on deposits and charge on loans—to fall by 1% to 4% this year, down from prior guidance ranging from down 2% to up 2%.

PulteGroup top finance executive, Bob O’Shaughnessy, is retiring from the home builder. PulteGroup on Monday said O’Shaughnessy, who joined the Atlanta company as executive vice president and chief financial officer in 2011, will retire at the end of 2025. PulteGroup said Jim Ossowski, currently senior vice president of finance, will succeed O’Shaughnessy as finance chief in February after the final certification of the company’s 2024 financial statements.

Chase has spent more than 12 years at Delta and most recently served as senior vice president of operational finance and a member of the carrier’s leadership committee.

The executive led the diet company, better known as WeightWatchers, since 2022 into the burgeoning market for obesity drugs.

Humana shares slid more than 20% in premarket trading after the health insurer warned that recent changes in the federal government's quality ratings of certain private Medicare plans could weigh on its profits in 2026.

The insurance company tabbed Morgan Stanley veteran Jacques Chappuis to succeed David Hunt at the helm of the Prudential’s $1.4 trillion investment-management business.

AbbVie said a recently acquired drug candidate for schizophrenia missed the key goal in mid-stage studies, pushing its stock sharply lower. Phase 2 studies for emraclidine failed to show a statistically significant improvement in symptoms after six weeks, the biopharmaceutical company said Monday.

David Hoffmann said he has held friendly talks with Lee’s management, but that he hasn’t yet made contact with DallasNews.

Florida billionaire David Hoffmann aims to create the second-largest newspaper group in America