Stellantis N.V. (STLA), on Wednesday announced plans to form a Europe-based joint venture with Dongfeng Motor Group Co., Ltd. focused on sales, distribution, manufacturing, purchasing and engineering activities for Dongfeng new energy vehicles in Europe. The companies signed a non-binding memorandum...
Experian (EXPN.L) reported fiscal 2026 profit before tax of $1.95 billion, up 26% from last year. Basic EPS, in cents, was 164.5 compared to 127.6. Benchmark EBIT from ongoing activities was $2.41 billion compared to $2.10 billion. Benchmark EPS, in cents, was 179.8 compared to 156.9. For the year...
Retail major Marks and Spencer Group Plc or M&S (MAKSY.PK, MAKSF.PK, MKS.L) reported Wednesday lower profit in fiscal 2026, despite significantly higher revenues mainly driven by the consolidation of Ocado Retail Limited. The firm also lifted dividend. Looking ahead, the company said it enters 2026/27...
Meta Platforms, Inc. (META) is reportedly carrying out another major round of layoffs, with up to about 8,000 positions expected to be cut across several regions, including the United States, Europe and Singapore. Employees in Singapore reportedly received notification emails around 4 a.m. local time...
Taste Gourmet Group Ltd. (8371.HK), a Hong Kong-based investment holding company, on Wednesday announced the resignation of Cheng Chin Wing as Chief Financial Officer, effective May 28, to pursue other opportunities. The company appointed Fung Hoi Yan as CFO with effect on the same day. Fung joined...
Amanat Acquisition Corp. (AMAN), on Tuesday announced the pricing of its initial public offering of 7.5 million Class A ordinary shares at $10 per share, raising $75 million. The offering is expected to close on May 20. The company granted the underwriter a 45-day option to purchase up to an additional...
GE Aerospace (GE), an American aircraft engine supplier, said that it has bagged a contract from the U.S. Air Force to complete the preliminary design review for its new GE426 engine to support the Air Force's medium thrust-class autonomous collaborative platform effort. Under the terms, GE Aerospace...
SalMar ASA (SALRF, SALM.OL), a Norwegian salmon farmer, reported Wednesday a profit in its first quarter, compared to prior year's loss, with higher operating revenues. According to the firm, higher volume, better quality of harvested fish and lower cost level in the value chain positively affected...
Roblox Corp. (RBLX) announced that its board has authorized the repurchase of up to $3 billion of the company's common stock with the intent to buy back up to $1 billion over the next twelve months. The program is designed to partially offset dilution from employee equity grants while preserving...
Driven Brands Holdings Inc. (DRVN) an automotive services company, on Tuesday reported a profit for the fourth quarter, swinging from a loss a year earlier, helped by a rise in revenue. In pre-market activity on the Nasdaq, shares of Driven Brands were down 4.71 percent, changing hands at $13.57,...
American International Group (AIG) has entered into a definitive agreement to acquire Everest Compaa de Seguros Generales Colombia S.A. or Everest Colombia, Everest Group Ltd.'s (EG) insurance subsidiary in Colombia. The subsidiaries of AIG will acquire 100 percent of the equity of Everest Colombia,...
InMed Pharmaceuticals (INM) has entered into a definitive merger agreement for an all-stock transaction with Mentari Therapeutics, a privately-held biotechnology company developing therapies for migraine prevention, Indigo Merger Sub Corp. a subsidiary of InMed, and Indigo Merger Sub II, a subsidiary...
Lifeward Ltd. (LFWD) on Tuesday announced the appointment of Keith Rose as Chief Medical Officer. Rose previously served as Vice President, Medical Affairs and Medical Director, Neurosciences at the company and will lead Lifeward's global medical strategy. Rose brings more than 30 years of experience...
Amer Sports, Inc. (AS), on Tuesday reported higher profit for the first quarter as revenue rose. In pre-market activity on NYSE, shares of Amer Sports were up 3.26 percent, changing hands at $34.25, after closing Monday's regular session 0.94 percent higher. For the first quarter, Net earnings...
Cullinan Therapeutics, Inc. (CGEM) on Tuesday said the U.S. Food and Drug Administration has granted Orphan Drug Designation to CLN-049 for the treatment of Acute Myeloid Leukemia. The designation provides certain development incentives, including tax credits for qualified clinical trials, exemption...
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.