A 2.9 percent increase in annual net profit highlights the latest fiscal report from Okayama Paper Industries, as the company closed its year ending May 31 with 821 million yen in earnings, up from 798 million yen during the previous period.
Singapore’s economic engine decelerated in the second quarter, logging a 5.7% year-over-year expansion as geopolitical friction in the Middle East throttled the city-state's chemical and biomedical manufacturing sectors. Despite the cooling, the figure topped the 5.3% growth threshold anticipated by economists surveyed by The Wall Street Journal.
A new blank-check company is entering the public market with a $200 million fundraising goal. Material Resource Acquisition Corp. filed paperwork with the Securities and Exchange Commission on Monday, signaling its intent to sell 20 million units at $10 apiece to fuel future acquisitions within the global supply chain.
A 28% surge in Lulu's Fashion Lounge Holdings shares set the tone for a volatile after-hours session Monday, as the retailer announced the formation of a special committee to weigh strategic alternatives, diverging sharply from the downward pressure hitting both MBX Biosciences and Rithm Property Trust.
Investors pushed Rithm Property Trust shares down 5.2% to $13.25 in after-hours trading Monday after the firm confirmed plans for a new public stock offering. The move adds to a difficult year for the REIT, which has seen its share price decline by 16% since the start of 2024.
Seventeen years of consecutive dividend hikes reached a new milestone Monday as Cummins announced a 10% increase to its quarterly payout. Shareholders of record by August 21 will receive $2.20 per share, marking a significant commitment to capital return for the global power technology firm.
U.S. oil futures vaulted to $78.14 a barrel, a 9.4% jump, as President Trump signaled the reimposition of a blockade on Iranian shipping. The sudden escalation in the Strait of Hormuz has stalled tanker traffic, effectively erasing the market stability achieved following the June peace deal.
A fresh wave of anxiety over wholesale inflation hit the industrial and transportation sectors this week, triggering a broad sell-off. Investors are pulling back from speculative bets, including high-profile artificial intelligence holdings, as the market recalibrates against the backdrop of persistent pricing pressures across the broader manufacturing landscape.
Gold prices tumbled 2.6 percent to $3,997 an ounce, slipping beneath a key psychological threshold as tensions in the Strait of Hormuz stoked fears of sustained inflation. The standoff between the U.S. and Iran pushed energy costs higher, triggering a broad sell-off across the metals and agricultural commodity sectors.
A federal appeals court has reinstated more than 500 lawsuits alleging that Tylenol and its generic counterparts, acetaminophen, may be linked to autism or ADHD when used during pregnancy, even as healthcare stocks climb on renewed investor appetite for defensive sectors less susceptible to volatile oil price swings.
Safety technology manufacturer Vita Inclinata Technologies has entered a letter of intent to merge with Tavia Acquisition Corp., a move that would transition the company to the public markets. The proposed transaction assigns a pre-money enterprise value of $450 million to Vita, contingent on a pending defense-sector acquisition.
Shutterstock’s leadership underwent an abrupt shift today as Chief Executive Paul Hennessy stepped down, leaving the creative platform to be managed by Chief Financial Officer Rik Powell. The company announced the transition is effective immediately, though it offered no specific rationale for Hennessy’s sudden exit after four years in the role.
CoStar Group has appointed Robin Rossmann as its new chief financial officer, filling the role vacated by Christian Lown. The transition marks a shift in leadership for the real estate information firm, as the company looks to build on the financial momentum established by its current European operations leader.
Consumer companies retreated as investors weighed the twin pressures of climbing fuel costs and persistent interest rate concerns. While spending has remained surprisingly resilient through recent inflationary cycles, market analysts warn that the hidden ripple effects of supply chain expenses may soon erode household budgets and corporate margins.
Cadillac Mines has launched its bid for a Canadian public listing, filing a preliminary base prospectus with securities regulators across every province and territory. The mineral exploration firm, formerly known as Gold Candle, aims to execute a dual-track strategy involving both a treasury offering and a secondary sale of existing common shares.
Financial institutions climbed on the markets today as investors bet on a surge in advisory fees and trading revenue. Major lenders including JPMorgan Chase and Goldman Sachs head into their quarterly reporting cycle bolstered by a resilient economy and a clear uptick in corporate deal-making activity across the board.
Investors pushed Lulu’s Fashion Lounge Holdings shares up 30% to $10.87 in after-hours trading Monday, reacting to the retailer’s decision to form a special committee tasked with evaluating strategic alternatives. The move signals a potential pivot for the online brand as it seeks to maximize value for its stockholders.
A sharp decline in Korean memory-chip giant SK Hynix has triggered a broader sell-off across the technology sector, fueling investor fears that the massive capital requirements of the artificial intelligence boom may be cannibalizing other markets and threatening to drive up consumer electronics prices through persistent inflation.
Steve Hoerter has ascended to the roles of chairman and chief executive at MBX Biosciences, taking the helm from Kent Hawryluk effective immediately. The leadership transition arrives as the clinical-stage biopharmaceutical firm prepares for a critical second half of 2026, marked by key trials and data readouts.
Alabama-based hedge fund Forager Capital Management has seen its latest attempt to take over Repay Holdings Corporation fall flat, as the fintech firm’s board unanimously rejected an unsolicited cash offer of $5.25 per share, labeling the proposal a significant undervaluation of the company’s market position.
A coalition of 12 states led by California has moved to block Paramount’s $81 billion acquisition of Warner Bros. Discovery, casting a shadow over the media landscape while broader communications stocks retreat amid investor anxiety regarding the impact of rising oil prices on consumer discretionary spending.
A $12 million penalty marks the largest fine ever issued for violating pre-merger filing requirements under the Hart-Scott-Rodino Act. Federal regulators allege that Edwards Lifesciences and Genesis MedTech deliberately structured a recent acquisition to bypass antitrust scrutiny and avoid mandatory waiting periods that could have stalled their market strategy.
SC II Acquisition has abruptly terminated its pursuit of an unnamed payments technology firm, effectively voiding a non-binding letter of intent that would have seen the firm absorb all outstanding equity. The company offered no explanation for the collapse of the deal, which ceases activity immediately.
Investors are pivoting toward defensive utility stocks as surging oil prices rattle broader market sentiment. While the sector broadly benefits from this flight to safety, the trend remains uneven, with specific regional pressures dragging down individual players like AGL Energy amid a persistent glut in the Australian power market.
Patients battling early-stage Alzheimer’s disease now have a path toward home-based care after the FDA approved a new autoinjector for Leqembi. This regulatory green light allows Eisai and Biogen to move beyond intravenous infusions, offering a more flexible delivery method for those managing mild cognitive impairment or early dementia.
A century of construction expertise changes hands as White Cap, a specialty supply firm, moves to acquire Gierke Robinson. The deal adds four Iowa locations to White Cap’s regional network, marking a strategic push to consolidate its service capabilities and footprint across the competitive Midwestern construction market.
A consortium led by private-equity giant Warburg Pincus has finalized an agreement to acquire a controlling interest in Pantherx Rare, a specialty pharmacy dedicated to orphan diseases. While the financial specifics remain undisclosed, reports suggest the transaction values the company at more than $7 billion including debt.
The board of directors at Lulu's Fashion Lounge Holdings has established a special committee tasked with evaluating strategic alternatives to maximize shareholder value. This move signals a potential pivot for the online retailer, which is currently weighing a possible sale or merger against its existing standalone business plan.
Five of Western Canada’s largest oil sands producers have formalized a landmark agreement with federal and Alberta officials, linking the future of carbon capture infrastructure to the approval of a massive new crude pipeline. The deal clears a critical path for increasing exports while meeting stringent emissions targets.
German shipping giant Hapag-Lloyd has revised its annual earnings guidance upward, projecting EBITDA between $2.7 billion and $3.7 billion. The upgrade follows a surge in spot freight rates and sustained market demand, despite the carrier facing significant operational hurdles within the volatile geopolitical landscape of the Middle East.
