Vinci SA (VCISY, VCISF, DG.PA), a French concessions, energy solutions, and construction firm, on Tuesday said it has acquired Modern Group Of companies, expanding its footprint in Eastern Canada. New Brunswick-based Modern Group, a roadworks and aggregates firm, was founded in 1945 and employs 160...
Stellantis (STLA, 8TI.DE, STLAP.PA, STLAM.MI) announced the launch of its small and affordable E-Car project. The first E-Cars are expected to roll off the production line in 2028. The E-Car is a small, affordable and fully electric vehicle. Stellantis said its E-Car models will feature cutting-edge...
Dr. Martens plc (DOCS.L) reported fiscal 2026 profit before tax of 32.7 million pounds compared to 8.8 million pounds, last year. Basic earnings per share was 2.5 pence compared to 0.5 pence. Adjusted pretax profit was 55.0 million pounds, up 61.3%. Adjusted basic EPS was 4.2 pence compared to 2.4...
Semiconductor company Analog Devices, Inc. (ADI) is in advanced talks to acquire artificial intelligence chipmaker Empower Semiconductor for around $1.5 billion in cash, Bloomberg reported citing people familiar with the matter. As per the report, a deal could be announced as soon as Tuesday. The...
Bank Leumi le-Israel B.M. (BLMIF, LUMI.TA), a banking services provider, on Tuesday reported lower net income in the first quarter of 2026 compared with the previous year. For the first quarter, net income attributable to the bank's shareholders decreased 2.4 percent to NIS 2.35 billion from NIS...
British lending major Standard Chartered Plc (SCBFF.PK, STAC.L, STAN.L) on Tuesday announced its plan to reduce corporate functions roles of more than 15 percent by 2030 as it unveiled its sustainable medium-term profitability growth plan. Regarding its growth plan, Standard Chartered said it achieved...
NAVER Corporation (035420.KS) issued an explanation on rumors or media reports regarding formation of a consortium for the acquisition of Baemin or Woowa Brothers by the company. The company said it is currently reviewing various options to strengthen its business competitiveness; however, no specific...
Allegiant Travel Co. (ALGT) on Tuesday said it has added eight new nonstop routes to its Allegiant Air network, expanding its presence in key leisure destinations across Florida. To promote the new routes, the airline is also offering limited-time one-way fares starting at $59, along with 1,000 Allways...
Blackstone (BX) announced a joint venture with Google to create a new U.S.-based company that will offer efficient data center capacity, operations, networking, and Google Cloud's Tensor Processing Units as a compute-as-a-service offering. Google's TPUs are custom chips purpose-built for AI, and optimized...
Takeda Pharmaceutical Co. Ltd. (TAK) said Tuesday a jury in the U.S. District Court for the District of Massachusetts returned a verdict against the company in the AMITIZA or lubiprostone antitrust litigation. The jury awarded plaintiffs about $884.9 million in single damages related to claims tied...
Superior Energy Services, Inc. (SPN), an oil field services provider, said that it has appointed Josh Shapiro as chief financial officer with immediate effect. Shapiro has replaced Kyle O'Neill, who has stepped down as CFO with effect from May 18 to pursue a new opportunity. Shapiro, who joined Superior...
Technology One Ltd. (TNE.AX, THNOF), an Australian SaaS ERP provider, Tuesday reported higher profit in first half of fiscal 2026, driven by increased revenues. The company also reaffirmed its upgraded fiscal 2026 guidance issued at their February AGM. In Australia, the shares were losing around 3.1...
Following the sharp pullback seen during last Friday's session, stocks saw continued weakness throughout much of the trading day on Monday but managed to regain some ground going into the end of the session. The major averages climbed well off their worst levels of the day, with the Dow reaching positive territory.
Monday, Madison Square Garden Sports Corp. (MSGS) announced update regarding its proposed spin-off of its New York Rangers business from its New York Knicks business by filing a confidential initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission. The proposed transaction...
Stocks have moved modestly lower during trading on Monday, adding to the steep losses posted during last Friday's session. The major averages have all moved to the downside, with the Nasdaq and S&P 500 pulling back further off their record highs.
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.