Molina Healthcare Inc. (MOH) announced that the Illinois Department of Healthcare and Family Services (HFS) intends to award a HealthChoice Illinois Medicaid Managed Care program contract to its Illinois health plan subsidiary, Molina Healthcare of Illinois. The new contract is expected to go live...
Humana Inc. (HUM) announced that it has entered into a definitive agreement with a consortium of investors to divest all or substantially all of its minority interest in Gentiva, a provider of end-of-life services including hospice and palliative care. The agreement values Humana's stake at approximately...
Warner Music Group Corp. (WMG) said Wednesday it has agreed to acquire Sureel AI as the music company looks to help artists, songwriters and other rightsholders get credit and compensation when their work is used in AI-generated content or to train AI models. Financial terms of the deal were not disclosed. Sureel's...
XD Inc. (2400.HK, XDNCF), a Chinese video game developer, publisher, and platform operator, on Wednesday announced an automatic share buyback program of up to HK$400 million. The buyback program is scheduled to run until November 11, unless completed earlier after the full HK$400 million amount is...
Property services firm FirstService Corp. (FSV, FSV.TO), announced on Wednesday that its Roofing Corp of America subsidiary has acquired Schefers Roofing, expanding its commercial roofing operations into the Kansas City market. Terms of the deal were not disclosed. Schefers Roofing, founded in 1995...
Figure Technology Solutions, Inc. (FIGR), a financial technology company, on Wednesday announced a deal to acquire Kiavi, an AI-powered lending platform for residential real estate investors, for a total of $717 million. The transaction includes the purchase of Kiavi's balance sheet assets by a joint...
Mutares SE & Co. KGaA (MUX.F, MUX.DE) has signed an agreement to sell its portfolio company NEM Energy B.V. and subsidiary NEM Balcke-Dürr GmbH to Hyundai Heavy Industries Power Systems Co., Ltd, ultimately owned by MiCo Ltd. The parties have agreed not to disclose the purchase price and the contractual...
Irish-based climate control company Trane Technologies plc (TT) announced on Wednesday that it has named Donny Simmons chief operating officer, effective July 1. Simmons succeeds Dave Regnery, who held the chief operating officer role before becoming chief executive in July 2021. Simmons, who...
APA Corp. (APA) on Wednesday announced an agreement to acquire Savant Alaska, LLC for approximately $70 million in upfront consideration, prior to customary closing adjustments. The agreement also provides for contingent payments tied to future development of APA's eastern North Slope position in...
Mineral resource company Purebase Corp. (PUBC) Wednesday said that it has appointed Amy Clemens as Chief Financial Officer or CFO, with effect from June 5. Commenting on the appointment, Amy Clemens said, "The Company's transformation is extremely comprehensive and moving quickly, so I have hit the...
U.S. chip equipment maker Applied Materials, Inc. (AMAT) announced on Wednesday that it has opened a $500 million manufacturing and R&D facility in Singapore to support growing demand for equipment used to make artificial intelligence chips. The new Tampines Campus more than doubles Applied Materials'...
Starbucks Corp. (SBUX) is exploring strategic options for its Japan business, including a potential stake sale, Bloomberg reported Wednesday citing people familiar with the matter. The company has held preliminary discussions with investment banks as it evaluates alternatives for one of its largest...
Unibail-Rodamco-Westfield SE (URW.PA), a commercial real estate company, on Wednesday announced a conditional agreement to acquire the remaining 50% stake in Westfield UTC from its joint venture partner. The deal is subject to URW's share price and customary closing conditions and is expected to close...
California American Water (AWK), on Tuesday announced that it reached a partial settlement agreement with the California Public Utilities Commission's Public Advocates Office in its statewide General Rate Case covering the 2027 to 2029 period. The company expects to implement new rates on January...
General Motors (GM) said its bidirectional-capable EVs, when paired with GM's home energy systems, can become a residential power resource capable of sustaining a home for days during localized grid failures. These EVs and energy systems are also engineered to support vehicle-to-grid power flow. The...
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.