Accenture Plc (ACN) on Wednesday announced an agreement to acquire Alfahealth, a subsidiary of Engineering Group, for undisclosed consideration. The transaction is subject to customary closing conditions. The acquisition is expected to strengthen Accenture's healthcare capabilities in Italy by...
Uber Technologies, Inc. (UBER) and autonomous driving technology company WeRide Inc. (WRD) on Wednesday said they plan to launch Robotaxi services in the Greater Zurich region later this year, marking their second joint deployment in Europe after recently announcing a service in Madrid. WeRide said...
Rivian Automotive Inc. (RIVN) said it is laying off hundreds of employees, representing less than 2% of its workforce, as the electric vehicle maker seeks to improve profitability. The layoffs, first reported by The Wall Street Journal, affect certain teams in the service and customer operations segments....
Aegon Ltd. (AGN.AS, AEG) on Wednesday announced that the President and Chief Executive Officer of Transamerica, Will Fuller, will be appointed President and Chief Operating Officer of the company effective January 1, 2027. The company has also selected New York City as the location for its future...
Lundin Mining Corporation (LUN.TO, LMC, LUMI.ST) said its 2026 production guidance remains unchanged and, based on the mid-point of the production guidance and on the forecast copper price of $5.50/lb copper and forecast gold price of $4,000/oz, revenue for 2026 is expected to be approximately $4.5 billion...
Fletcher Building (FBU.AX, FBU.NZ) said its fiscal 2026 performance has been relatively stable and EBIT is expected to be between NZ$375 million and NZ$380 million, excluding discontinued items, and including approximately NZ$40 million of property-related earnings. The Group said rising fuel costs and...
AutoZone, Inc. (AZO), a retailer of aftermarket automotive parts and accessories, said on Wednesday that its Board of Directors has authorized an additional $1.5 billion under the company's ongoing share repurchase program. Including this latest authorization, the Board has approved a total of $42.2...
German automajor BMW Group (BMW.L, BAMXF.PK, BAMXY.PK) announced that it has trimmed fiscal 2026 outlook, mainly citing negative development in China, impact of conflict in Middle East, and a one-time charge due to intensified and accelerated structural and efficiency measures. The company added that...
Lockheed Martin Corp. (LMT), on Tuesday announced a collaboration with GM Defense to strengthen America's manufacturing and defense industrial base under a memorandum of understanding facilitated by the U.S. Department of War. The companies will explore ways to speed up defense equipment production...
Following the strong upward move seen over the past few sessions, the major U.S. stock indexes turned in a mixed performance during trading on Tuesday. While the Nasdaq and the S&P 500 gave back ground, the narrower Dow climbed to a new record closing high.
Tuesday, Moderna, Inc. (MRNA) announced several significant changes to its operating model to support its short- and long-term business goals to become a diversified, multi-modality biotechnology company. As part of the move, the company plans the potential launch of up to three new products in 2027...
Elon Musk's spaceflight company Space Exploration Technologies Corp. or SpaceX (SPCX) announced Tuesday that its wholly-owned subsidiary X67, Inc. has agreed to merge with and into Cursor, the artificial intelligence (AI) coding startup developed by Anysphere, Inc., in an all-stock deal valued at about $60 billion.
After moving sharply higher over the past few sessions, stocks are turning in a relatively lackluster performance during trading on Tuesday. Despite the choppy trading, the Dow has reached a new record intraday high. Currently, the major averages are turning in a mixed performance.
A report released by the Labor Department on Tuesday showed import prices in the U.S. shot up by much more than expected in the month of May. The Labor Department said import prices jumped by 1.9 percent in May after leaping by an upwardly revised 2.0 percent in April.
Yum! Brands, Inc. announced Tuesday its definitive agreement to sell its popular brand Pizza Hut in two separate deals for $2.7 billion in the aggregate, subject to certain purchase price adjustments. Further, the firm's Board of Directors approved an incremental $4 billion share repurchase authorization, which will be conducted with the net after-tax proceeds.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.