Energy company Equinor ASA (EQNR, EQNR.OL) announced Friday an investment of just over 4 billion Norwegian kroner by the firm and its partners in a new subsea development that will increase gas production from the Troll field in the North Sea. Equinor's partners in the Troll West Increased gas recovery...
Dutch lifestyle ecommerce company Prosus N.V. (PROSF.PK), affiliated to Naspers Ltd. (NPSN.L, NPN.JO), reported Friday strong growth in fiscal 2026 revenue and profitability of consolidated businesses and investments, most notably Tencent. Further, the company projects higher headline and core headline...
Shares of BHP Group Ltd. (BHP, BLT.L, BHP.AX, BHP.L) were losing around 5 percent in Australian trading after the mining giant announced that it plans to record around $2.3 billion impairment charge in relation to its investment to date in the Jansen potash project. In a statement, BHP confirmed that...
Noam Shazeer, Vice President of Engineering at Alphabet Inc. (GOOG)-owned Google and one of the key leaders behind the company's Gemini AI project, has announced his decision to leave the company to join OpenAI. "I'm excited to share that I'll be joining OpenAI and look forward to working with the...
Thursday, Life360, Inc. (L360.F), along with Uber Technologies, Inc. (UBER), announced that Life360 members can now request and coordinate Uber rides for teens and other family members directly within the Life360 app. The partnership combines Uber Family's trusted ride platform and safety features...
U.S. heating and cooling equipment maker Lennox International Inc (LII) announced on Thursday that it has signed a definitive agreement to acquire HVAC equipment supplier Heat Controller, adding the Comfort-Aire and Century brands to its portfolio. The financial terms of the deal were not disclosed. The...
Thursday, The Kraft Heinz Company (KHC) announced several significant changes, including reorganizing its operations into three regions - North America, Europe and Pacific Developed Markets, and Emerging Markets. Kraft Heinz is also combining its Procurement and Supply Chain teams into one global...
The Allstate Corporation (ALL) on Thursday reported estimated catastrophe losses of $289 million in May, or $228 million after tax. The insurer said total catastrophe losses for April and May combined amounted to $1.160 billion, or $915 million after tax. Allstate's Protection business continued...
Professional services company Accenture plc (ACN) announced Thursday that it has entered into agreements to acquire a majority stake in Dragos and 100% of runZero and NetRise at a combined enterprise value of approximately $4.175 billion, subject to customary purchase price adjustments. The transactions...
Pfizer Inc. (PFE) said on Thursday that Chief Financial Officer Dave Denton will leave the company on August 15 to purse an opportunity outside the pharmaceutical industry. The company said Cecile Guegan, who currently serves as senior vice president of finance for Pfizer's global biopharmaceutical...
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...
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.