Breeze Acquisition Corp. II (BREZU), a blank check company, announced the pricing of its initial public offering of 12.50 million units at $10.00 per unit to raise $125 million. The units are expected to begin trading on the Nasdaq on May 13, under the symbol "BREZU". Each unit includes one ordinary...
Ceconomy AG (MTAGF.PK, MTTRY.PK), a German consumer electronics retailer, reported Wednesday wider net loss in its second quarter, while Adjusted EBIT and Adjusted EBITDA increased from last year with sales growth. Further, the firm confirmed and specified guidance for fiscal 2026. For fiscal...
Korea Gas Corp. (036460.KS), on Wednesday reported higher net income despite lower sales in the first quarter of 2026 compared with the previous year. For the first quarter, net income attributable to shareholders of the parent company increased to KRW 548.65 billion from KRW 367.48 billion in the...
Toray Industries (3402.T) reported that its fiscal year profit attributable to owners of parent was 79.52 billion yen compared to 77.91 billion yen, prior year. Earnings per share was 52.87 yen compared to 48.84 yen. Core operating income was 141.9 billion yen, down 0.6%. For the fiscal year ended March...
HD Hyundai Heavy Industries Co., Ltd. (329180.KS), on Wednesday reported higher net income in the first quarter of 2026 compared with the previous year. For the first quarter, net income attributable to shareholders of the parent company increased to KRW 781.2 billion from KRW 219.2 billion in the...
Walmart Inc. (WMT) is cutting or relocating around 1,000 corporate employees as part of efforts to consolidate its global technology and product teams, The Wall Street Journal reported, citing people familiar with the matter. The report said the move follows an internal review led by global technology...
Zurich Insurance Group (ZURN.SW) reported that Property & Casualty or P&C first quarter gross written premiums was $15.56 billion, up 8% on a like-for-like basis. On a reported basis, growth was 17%. Commercial Insurance grew 9% driven by Global Specialty and Middle Market. Retail was up 7%. Life delivered...
TUI AG (TUIFF.PK, TUI1.DE) a German leisure, travel, and tourism company, on Wednesday reported narrower net loss in its second quarter amid nearly flat revenues. Looking ahead for fiscal 2026, as announced in April, the company now projects underlying EBIT to be in the range of 1.1 billion euros...
Wix.com, Ltd. (WIX), on Wednesday, reported net loss in the first quarter despite higher revenue compared with the previous year. The company also maintains its full-year 2026 guidance. For the first quarter, net loss came in at $57.5 million, or $1.02 per share. Adjusted net income for the period...
GMR Solutions Inc. (GMR), a provider of emergency medical services, announced the pricing of its initial public offering of 31,914,893 Class A common shares at $15 per share. The Shares are expected to begin trading on the New York Stock Exchange on May 13, under the symbol "GMRS". The company...
Fervo Energy (FRVO), announced that it has priced its upsized initial public offering of 70 million Class A common shares, at $27.00 per share. The Geothermal energy company's offer increased by 14,444,445 shares from the originally proposed 55,555,555 shares. The shares are expected to begin...
German financial services major Allianz SE (ALIZY, ALV.DE) reported Wednesday higher net income in its first quarter, despite weak business volume mainly on lower results in Life/Health segment. Looking ahead for fiscal 2026, Allianz said it is on track to achieve its operating profit outlook of 17.4...
Adecco Group (ADEN.SW) reported that its first quarter net income attributable to shareholders increased to 69 million euros from 60 million euros, prior year. Earnings per share was 0.41 euros compared to 0.36 euros. Adjusted net income attributable to shareholders increased to 84 million euros from...
Bandai Namco Holdings Inc. (NCBDY, 7832.T), a Japanese mass media and entertainment company, reported Wednesday higher profit and net sales for fiscal 2026. Further, the company issued outlook for first half and fiscal 2027, expecting lower earnings. In Tokyo, the shares were gaining 4.6 percent to...
Commonwealth Bank Of Australia (CBA.AX) reported third quarter statutory NPAT of approximately A$2.6 billion. Cash NPAT was approximately A$2.7 billion, up 4% on the prior comparative quarter. "We are closely monitoring the impacts of the Middle East conflict and the broader macroeconomic environment....
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.