Tag: wall street
Market Wrap: Wall Street Heads Higher; Nasdaq Sets Record
Filed under: Technology, Market News, European Union, Healthcare Industry, World Markets Desiree Navarro/WireImage via Getty Images2015 Indianapolis 500 Winner Juan Pablo Montoya, third from left, rings the opening bell Wednesday at New York Stock Exchange. By Noel Randewich NEW YORK — U.S. stocks ended sharply higher Wednesday and the Nasdaq logged a record high close, led by a rebound in technology and health care stocks and optimism that Greece would avoid defaulting on its debt. Reports that Athens and its creditors were near a deal pushed the euro higher against the dollar, partly reversing recent moves. EU officials, however, dismissed Greek claims an aid agreement was being drafted. Investors said U.S. stocks were oversold in the previous session, when concerns about Greece and foreign exchange pushed
Gym Operator Planet Fitness Plans IPO
Filed under: Company News, Retail, Healthcare Industry, IPOs Richard Levine/Alamy NEW YORK — Planet Fitness, the company known for its low-cost purple-and-yellow gyms, plans to go public. The company said Tuesday that it filed a “draft registration statement” to the Securities and Exchange Commission for an initial public offering. The filing is confidential and the paperwork is sealed from the public. Under the law, companies that have revenue under $1 billion are able to submit confidential IPO drafts to the SEC. Planet Fitness didn’t say how many shares it would offer, what the stock would be priced at or how much money it plans to raise. It also didn’t say when it expects the IPO to happen. Becky Brown, a spokeswoman at Planet Fitness,
