A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. in the month of May. The Fed said industrial production crept up by 0.1 percent in May after climbing by an upwardly revised 0.9 percent in April. Economists had expected industrial...
California-based community lender RBB Bancorp (RBB) announced on Monday that its board has approved a stock repurchase program of upto 1 million shares through June 30, 2028, and plans to redeem $40 million of subordinated notes. The buyback represents about $25 million, or 6 percent of outstanding...
Elanco Animal Health (ELAN) announced the U.S. Department of Agriculture approval of TruCan Ultra Lyme-L4. It is the first and only 1/2 mL combination vaccine protecting against both Lyme disease and leptospirosis, all in a low-volume dose, for dogs. This combination formulation allows veterinarians...
ODNB Financial Corp., the parent of Old Dominion National Bank, and National Capital Bancorp, Inc. (NACB), the parent of The National Capital Bank of Washington, on Monday announced a merger agreement under which NACB will merge into ODNB, with ODNB as the surviving bank holding company. ODNB said...
Stocks are likely to move to the upside in early trading on Monday, extending the strong upward move seen over the two previous sessions. The major index futures are currently pointing to a sharply higher open for the markets, with the S&P 500 futures up by 1.2 percent. The upward momentum on Wall...
Cloud-based software company Salesforce, Inc. (CRM) announced Monday it has signed a definitive agreement to acquire Fin, formerly Intercom, an industry-leading customer agent company, for approximately $3.6 billion, subject to customary purchase price adjustments. Fin's core offering, its AI Agent,...
Monday, Fiserv, Inc. (FISV) announced the appointment of Takis Georgakopoulos as Chief Executive Officer and as a member of the Board of Directors, effective immediately. Georgakopoulos succeeds Mike Lyons, who has stepped down from the position to return to banking and become CEO of Truist Financial...
Natural gas compression equipment provider Natural Gas Services Group, Inc. (NGS) announced on Monday that it has acquired Flatrock Compression Holdings for $120 million in cash and stock. The deal includes $110 million in cash and $10 million in newly issued NGS common stock. The acquisition adds...
After posting strong growth last month, New York manufacturing activity increased modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plunged to 5.7 in June after jumping to 19.6...
French President Emmanuel Macron has announced that the G7 summit in France will discuss the long-term reopening of the Strait of Hormuz as part of the US-Iran deal, set for signing later this week. "The aim will be to see the consequences of this agreement, support for Lebanon, the lasting reopening of Hormuz and of course the concluding of an accord on nuclear and ballistic activities in Iran,"
Canadian payments technology company Nuvei on Monday said it has agreed to acquire Payoneer Global Inc. (PAYO) for $7.40 per share in cash, valuing the company at about $2.75 billion. "The acquisition of Payoneer marks a defining step in Nuvei's evolution into a global financial infrastructure leader,"...
A section of graduates at Stanford University staged a walkout during Google CEO Sundar Pichai's keynote address, protesting over the technology giant's reported contracts with Israeli government. Pichai, who is an alma mater of Stanford University, returned to the institution Sunday to deliver keynote address at the commencement ceremony for the class of 2026. The walk out, staged by a group o
Paranovus Entertainment Technology Ltd. (PAVS), on Monday announced that it signed a non-binding letter of intent to acquire equity interests of Jabanero Inc., a consumer brand focused on women's activewear and lifestyle products for about $15 million and $20 million in cash. The proposed deal remains...
Element Fleet Management Corp. (EFN.TO) announced a strategic multi-year partnership with Waymo, a leader in autonomous driving technology, to support the large-scale deployment and operation of autonomous vehicle fleets. The partnership, enabled through Element Mobility, will provide end-to-end fleet...
Monday, Seadrill Limited (SDRL) announced that its subsidiary Seadrill Finance Limited intends to offer for sale of $600 million in aggregate principal amount of senior unsecured notes due 2034. The subsidiary intends to use the proceeds, together with cash on hand, to redeem all of its outstanding...
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.