The U.S. Justice Department has announced criminal charges against former Cuban leader Raul Castro, including conspiracy to kill U.S. nationals, over the 1996 shootdown of two U.S. civilian aircraft over international waters between Cuba and Florida. The 94-year-old Castro has been accused of ordering the shoot down of two planes belonging to the Cuban-American group Brothers to the Rescue on Feb
Cognizant Technology Solutions (CTSH) said on Thursday it has entered into agreements with Truist Bank and BNP Paribas to repurchase $500 million of its Class A common stock under an accelerated share repurchase program. The IT services firm will receive about 7.8 million shares on Wednesday, with...
Eli Lilly and Company (LLY) on Thursday reported positive topline results from the Phase III TRIUMPH-1 trial evaluating Retatrutide in adults with obesity or overweight, at least one weight-related comorbidity, and without diabetes. At 80 weeks, all doses of retatrutide met the trial's primary and...
While reporting financial results for the fourth quarter on Thursday, water management solutions firm Advanced Drainage Systems, Inc. (WMS) initiated net sales guidance for the full-year 2027 between $3.35 billion and $3.55 billion. Separately, the company's Board of Directors has approved an 11 percent...
Thursday, TELUS Corporation (TU) announced its plan to invest over $8 billion over the next five years to expand and enhance its network infrastructure and operations across Québec, Canada. The company expects the investment in key projects to deliver critical infrastructure to strengthen the country's...
Shoe Carnival, Inc. (SCVL), a footwear and accessories company, on Thursday posted a net loss for the first quarter of fiscal 2026 with a drop in sales. In addition, the company has reaffirmed annual guidance. For the three-month period to May 2, the company posted a net loss of $5.628 million, compared...
While reporting financial results for the first quarter on Thursday, automotive aftermarket parts provider Advance Auto Parts, Inc. (AAP) reaffirmed its adjusted earnings, net sales and comparable store sales growth guidance for the full year 2026. For fiscal 2026, the company continues to project...
Deere & Company (DE) reported net income of $1.77 billion for the second quarter, or $6.55 per share, compared with net income of $1.80 billion, or $6.64 per share, a year ago. Worldwide net sales and revenues increased 5 percent, to $13.37 billion, for the second quarter. Net sales were $11.78 billion,...
National Weather Service has warned the offset of heavy rainfall from the Southern Plains into the Mississippi Valley Thursday, peaking in intensity over the holiday weekend. Widely scattered thunderstorms are expected to develop across eastern Colorado Thursday afternoon and evening. Large hail...
Mitchells & Butlers PLC (MAB.L, MLB), an operator of managed restaurants and pubs, reported Thursday higher profit in first half of fiscal 2026, with increased revenues. In the first half, profit before tax was 143 million pounds, compared to 134 million pounds last year. Earnings per share were...
Telecom major BT Group plc (BT, BT_A.L) reported Thursday higher profit in fiscal 2026, benefited mainly by lower specific items and cost control, despite weak revenues. Further, the firm lifted dividend. In addition, BT noted that overall transformation plan target has been raised to 3.7 billion...
BT Group (BT, BT.L) said Patricia Cobian will join the Board as CFO Designate, an Executive Director and a member of the Executive Committee on 20 July 2026. Patricia will succeed Simon Lowth as CFO on 1 September 2026. Simon will remain with BT until 31 January 2027. The Group noted that it has made...
SpaceX has filed for an initial public offering with the U.S. Securities and Exchange Commission on May 20, seeking to list its shares on the Nasdaq under the ticker symbol SPCX. The company did not disclose the size of the offering. SpaceX develops rockets, spacecraft, and satellite systems, with...
AMD (AMD) announced that its next-generation AMD EPYC processor, codenamed Venice, is ramping production in Taiwan on TSMC's advanced 2nm process technology, with future plans to ramp production at TSMC's Arizona fabrication facility. Venice is a first high-performance computing product to enter production...
Bougainville Copper Ltd. (BOCOF, BOC.AX), a Papua New Guinea-based mining company, on Thursday announced the appointment of Sir Melchior Togolo as Chief Executive Officer of the company. Sir Melchior Togolo has served in the Acting CEO role since August 2025. The company said the appointment provides...
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.