Ally Financial Inc. (ALLY), on Friday reported profit in the first quarter compared with the previous year. For the first quarter, net income attributable to the shareholders came in at $291 million compared with loss of $253 million in the previous year. Earnings per share were $0.93 versus...
Polestar (PSNY) posted a fiscal 2025 net loss of $2.4 billion compared to a loss of $2.05 billion, prior year. Net loss was mainly driven by impairment expense, net of reversals of approx. $1.05 billion. Adjusted EBITDA loss was $783 million, an improvement of 27.5% year-on-year. Fiscal year year...
The United States and the Philippines have announced plans to establish a 4,000-acre industrial hub to secure inputs vital to American and global supply chains. The site is located in the Luzon Economic Corridor of the Philippines. The site — the first of its kind — is being designated by the Philippines...
A pause in fighting between Israel and Iran-backed Hezbollah in Lebanon, and President Donald Trump's statement that the US and Iran are "very close" to making a deal to end the weeks-old Middle East war has sent oil prices down on Friday. Brent crude oil price decreased by more than 3 percent to $96.33 a barrel, while the US-traded WTI fell by nearly 4 percent to $91.10. Oil has been trading b
Telefonaktiebolaget LM Ericsson (ERIC, ERICb.ST, ERIC_A.ST, ERCB.DE, ERIBR.HE), a provider of mobile connectivity solutions, announced that it's Board authorised to repurchase Ordinary Class B shares on Nasdaq Stockholm under a new program. The buyback is capped at SEK 15 billion. According to Ericsson,...
President Donald Trump has expressed confidence that a deal with Iran is on the cards, and a second round of negotiations to end the Middle East war could resume next weekend. Speaking at a campaign event in Las Vegas Thursday to promote his administration's economic policies and tax cuts, Trump said, "The war in Iran is going along swimmingly. It should be ending pretty soon." Earlier, Trump to
A 10-day ceasefire between Israel and Lebanon came into effect at midnight in Beirut, offering a pause in Middle East war after weeks of fighting. The ceasefire is set to last for 10 days initially, that could be extended, according to Washington. Israeli Prime Minister Benjamin Netanyahu said it will pave the way for a "historic peace agreement" with Lebanon. He said Israeli Defense Forces wil
Media conglomerate QVC Group Inc. (QVCGA) said it has agreed with a majority of its lenders and initiated voluntary Chapter 11 bankruptcy protection proceedings in the U.S. to implement a plan to significantly reduce debts and strengthen its balance sheet. The company expects to cut its debt from...
Bouygues Telecom, the Free-iliad Group and Orange (ORAN, ORA.PA) have submitted an offer and are starting negotiations with the Altice France group with a view to acquiring SFR. The offer reflects a total enterprise value of 20.35 billion euros for the Altice France assets under consideration. The split...
NiSource Inc. (NI) announced a new long-term energy agreement with a subsidiary of Alphabet Inc. to support the development and operation of a large-scale data center in northern Indiana. The deal is expected to deliver benefits to existing customers and local communities while enhancing regional economic...
Kailera Therapeutics, Inc. (KLRA), a clinical-stage biotechnology company, on Friday announced the pricing of its initial public offering of 39.06 million shares of stock at $16 per share. The offering is expected to raise gross proceeds of approximately $625 million, before underwriting discounts...
AEVEX Corp, a Madison Dearborn Partners portfolio company focused on unmanned systems, has announced the pricing of its initial public offering at $20 per share, ahead of its New York Stock Exchange listing on April 17, under the ticker "AVEX" The company said the closing is expected on April 20,...
Knight-Swift Transportation Holdings Inc.(KNX), a freight carrier, said that it has revised down its first quarter earnings outlook. In addition, the company has initiated adjusted income guidance for the second quarter. Adam Miller, CEO of Knight-Swift commented, "While the winter weather negatively...
The Australian Competition and Consumer Commission (ACCC) has determined that Insurance Australia Group Limited's (IAUGF,IAUGY,IAG.AX) proposed acquisition of RAC Insurance (RACI) could substantially lessen competition and will therefore undergo an in-depth Phase 2 assessment. RACI, owned by the Royal...
JATT II Acquisition Corp. (JATT), on Friday announced the pricing of its initial public offering of 6 million ordinary shares at $10 per share. The offering is expected to raise gross proceeds of $60 million. The company has granted underwriters a 45-day option to purchase up to an additional 0.9...
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.