Stellantis (STLA, 8TI.DE, STLAP.PA, STLAM.MI) and Qualcomm Technologies (QCOM) announced an expansion of multi-year technology collaboration to power next-generation Stellantis vehicles with Qualcomm Technologies' Snapdragon Digital Chassis system-on-chips. The expanded collaboration integrates Snapdragon...
Homebuilder Hovnanian Enterprises, Inc. (HOV) reported Thursday a net loss for the second quarter of $2.95 million or $0.46 per share, compared to net income of $17.06 million or $2.43 per share in the prior-year quarter. Total revenues for the quarter declined to $667.65 million from $686.47 million...
Sun Communities, Inc. (SUI), on Thursday, announced an agreement to sell its UK assets, including the Park Holidays business to funds affiliated with Aermont Capital for 768 million pounds, or about $1.03 billion all cash. The transaction is expected to close in the second half of 2026. Under...
Graco Inc.(GGG), a fluid and powder handling technologies company, said on Thursday that it has inked a deal to acquire Valco Melton, an adhesive application and quality assurance systems provider, for $447 million in cash. This includes around $40 million in expected tax benefits. Mark Sheahan, CEO...
Thursday, TTEC Holdings, Inc. (TTEC) announced an expanded strategic collaboration with with Volkswagen Group UK to deliver class-leading CX and AI-enabled digital transformation across the United Kingdom. Under the seven-year extended contract, TTEC will continue delivering customer care, case management,...
Osisko Development Corp. (ODV), on Thursday announced the pricing of a $275 million aggregate principal amount offering of 4.125% convertible senior notes due 2031 in a private placement. The notes were priced with a 25% conversion premium. The offering includes $225 million of notes to qualified...
Hamilton Lane (HLNE) said on Thursday its board had approved an increase in its stock repurchase authorization to $100 million of Class A common stock. The asset manager previously had a framework allowing it to buy up to 6 percent of its outstanding Class A shares, capped at $50 million. The program...
Freshpet, Inc. (FRPT) on Thursday said its board has authorized a share repurchase program of up to $150 million, effective immediately. The pet food company said the buybacks may be funded through existing cash, future cash flow from operations, borrowings or other cash sources. "With proceeds...
Zscaler, Inc. (ZS) announced the intent to acquire Symmetry Systems. The transaction is expected to close in the coming days. Zscaler said Symmetry Systems gives it the foundational visibility required to govern AI agent communication at scale and unlock the next phase of Zero Trust. Jay Chaudhry,...
Euroseas (ESEA) reported first quarter net income of $32.5 million, compared to $36.9 million, a year ago. Earnings per share was $4.65, compared to $5.29, last year. Adjusted EBITDA was $40.9 million, compared to $37.1 million, prior year. Adjusted earnings per share was $4.70, compared to $3.76. For...
Cognizant Technology Solutions (CTSH) said on Thursday it has entered into agreements with Truist Bank and BNP Paribas to repurchase $500 million of its Class A common stock under an accelerated share repurchase program. The IT services firm will receive about 7.8 million shares on Wednesday, with...
Eli Lilly and Company (LLY) on Thursday reported positive topline results from the Phase III TRIUMPH-1 trial evaluating Retatrutide in adults with obesity or overweight, at least one weight-related comorbidity, and without diabetes. At 80 weeks, all doses of retatrutide met the trial's primary and...
Thursday, TELUS Corporation (TU) announced its plan to invest over $8 billion over the next five years to expand and enhance its network infrastructure and operations across Québec, Canada. The company expects the investment in key projects to deliver critical infrastructure to strengthen the country's...
Shoe Carnival, Inc. (SCVL), a footwear and accessories company, on Thursday posted a net loss for the first quarter of fiscal 2026 with a drop in sales. In addition, the company has reaffirmed annual guidance. For the three-month period to May 2, the company posted a net loss of $5.628 million, compared...
While reporting financial results for the first quarter on Thursday, automotive aftermarket parts provider Advance Auto Parts, Inc. (AAP) reaffirmed its adjusted earnings, net sales and comparable store sales growth guidance for the full year 2026. For fiscal 2026, the company continues to project...
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.