L'Oréal (OR.PA, LOR.DE) has signed an agreement to acquire a majority stake in Innovist, a digital-first personal care company in India. The Innovist brands will be part of L'Oréal's Consumer Products Division portfolio. L'Oréal will start consolidating Innovist sales from the date of the closing of...
Statkraft AS (XS277979233.MU) announced Thursday the signing of two new power agreements with Alcoa Corp. (AA) to secure electricity supply for Alcoa's aluminium plant at Lista in southern Norway. The agreements cover deliveries of approximately 4.8 terawatt-hours of electricity during the 2028 to...
Australian Securities and Investments Commission or ASIC announced Thursday that a A$35 million penalty has been sought against the Australian unit of British lending major HSBC Holdings Plc ( HSBC, HSBA.L, 0005.HK) after it admitted to serious failures in protecting customers from scams. Following...
Hexaware Technologies (HEXT, HEXT.NS) announced on Wednesday that it plans to invest 25 million pounds to expand its operations in the UK. The expansion is expected to create about 1,200 jobs across Manchester, Leeds and Birmingham over the next three to five years. The company plans to expand...
Elavon, a subsidiary of US Bancorp (USB), said it is expanding its All-In-One payments platform across North America, offering businesses a unified solution that connects payments, software and operations across in-store, mobile and online channels. The expanded platform combines Elavon's payment...
Obayashi Corp. (OBYCF, 1802.T), a Japanese construction company, announced Thursday its agreement to acquire BCI UK Holdings Limited, the holding company that owns construction business operator Multiplex Global Ltd. The decision follows discussions regarding a strategic partnership with Multiplex,...
Texas Ventures Acquisition IV Corp (TVIVU) announced Wednesday the pricing of its initial public offering of 15 million units at $10 per unit. The offering is expected to close on June 22. The company granted underwriters a 45-day option to purchase up to an additional 2.25 million units at the...
Renault Group (RNT.L, RNSDF.PK, RNSDY.PK, RNO.PA, RNL.DE) said it has obtained all the necessary regulatory approvals to acquire the stakes held by Volvo Group and CMA CGM Group in Flexis, bringing its ownership to 100% and making Flexis a wholly owned subsidiary. The company noted that this does not...
First Carolina Financial Services, Inc. (FCBM), announced Thursday the pricing of its initial public offering of 5.5 million shares of common stock at $12.50 per share. The offering is expected to close on June 22. The offering is expected to generate gross proceeds of approximately $68.8 million. The...
Industrial metals solutions company Steel Dynamics, Inc. (STLD) late Wednesday said it expects significantly higher profit in its second quarter amid strong demand, despite an asset write-down. In the steel fabrication operations, the company expects further volume improvement throughout the year...
Southwest Airlines Co. (LUV) announced Wednesday a partnership with Amazon Web Services (AWS) as its preferred cloud provider to modernize its technology foundation and evolve how the airline operates, builds, and is able to serve its customers. This is expected to help Southwest move faster and automate...
Alaska Airlines, a subsidiary of Alaska Air Group, Inc. (ALK), announced Wednesday the election of Shane Tackett to President and Chief Financial Officer of Alaska Airlines. The promotion expands Tackett's leadership role as the company continues to execute its long-term strategy for profitable growth...
U.S. home goods retailer Bed Bath & Beyond, Inc. (BBBY) on Wednesday announced that it has signed an agreement to acquire Fathom Holdings Inc (FTHM), a technology-driven residential real estate services platform. Bed Bath & Beyond did not disclose financial terms of the deal. Fathom's platform...
CME Group (CME) announced its Chairman and CEO Terry Duffy will transition to Executive Chairman on March 1, 2027. Lynne Fitzpatrick, currently President and CFO, will be named CEO and will join the Board. Since joining CME Group in 2006, Fitzpatrick has held a variety of positions with increasing levels...
The Progressive Corporation (PGR) on Wednesday reported net income of $1.445 billion or $2.47 per share for May 2026, up 36% from $1.065 billion or $1.81 per share in the prior-year period. Net premiums earned increased 10% to $7.361 billion. The insurer's combined ratio improved to 82.1 from 86.9. PGR...
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.