Intact Financial’s board of directors has approved a new share repurchase program to buy back up to 5.3 million shares over the next 12 months, representing approximately 3% of its outstanding equity, the company announced Thursday.
Knight-Swift Transportation’s board of directors has authorized an 11% increase to its quarterly cash dividend, raising the payout to 20 cents per share. The adjustment, announced Thursday, signals the Phoenix-based carrier's ongoing commitment to shareholder returns as it navigates the current logistics environment.
Five employees of Canadian miner Vizsla Silver remain unaccounted for following a mass abduction in Concordia, Mexico, as the company confirms that several other workers taken in the January incident have been found dead.
Mercedes-Benz has issued a recall for nearly 12,000 electric vehicles in the United States following warnings that high-voltage battery failures could cause fires while the cars are parked or in motion. The National Highway Traffic Safety Administration (NHTSA) is urging owners to park affected vehicles outdoors and away from structures until a permanent fix is implemented.
American Electric Power reported a 13% revenue surge in the fourth quarter, outperforming analyst expectations even as heavy infrastructure investments weighed on net income. The utility is aggressively expanding its capital spending to accommodate a massive wave of energy demand from data centers and artificial intelligence developers.
Zebra Technologies' board of directors has authorized an additional $1 billion for its stock-repurchase program, significantly increasing the company's capacity to return capital to investors as its total authorization reaches $1.1 billion.
Chicago-based derivatives giant CME Group announced a 4% increase to its quarterly dividend and a substantial annual variable payout on Thursday, totaling a 4.2% yield for shareholders following its recent financial performance.
Baxter International reported a deeper-than-expected fourth-quarter loss of $1.13 billion, sending its stock tumbling 15% in premarket trading. Despite achieving sales growth across all business segments, the healthcare giant struggled with impairment charges and operational headwinds that overshadowed its revenue gains.
Mullen Group reported a decline in fourth-quarter profit on Thursday as a stagnant Canadian economy pressured margins, even as a flurry of recent acquisitions pushed revenue above market expectations. The logistics giant posted net income of C$14.6 million ($10.8 million), down from C$18.9 million a year earlier, highlighting the ongoing struggle to convert top-line growth into bottom-line results.
Clinical research giant Icon plc has postponed its fourth-quarter earnings and withdrawn its 2025 guidance following the launch of an internal review into its accounting controls. The investigation, which focuses on revenue recognition over the past two years, triggered a massive premarket sell-off on Thursday.
GEO Group announced on Thursday that Chief Executive J. David Donahue will retire at the end of February, clearing the way for founder and executive chairman George Zoley to reassume the top post. Zoley, who established the Florida-based government services provider in 1984, is scheduled to take over day-to-day operations on March 1.
TransUnion reported a significant jump in fourth-quarter profit, buoyed by double-digit revenue gains in its domestic financial services and fraud prevention segments. The credit-reporting giant outperformed Wall Street expectations on both the top and bottom lines, signaling resilient demand for data analytics despite broader economic shifts.
TransUnion’s board of directors has approved an 8.7% increase to its quarterly cash dividend, signaling a steady commitment to shareholder returns. The Chicago-based information and insights firm will raise its payout to 12.5 cents per share, up from the previous 11.5 cents.
Fortis reported a rise in fourth-quarter earnings, outperforming market expectations as the Canadian utility giant leveraged steady rate base expansion across its North American and Caribbean operations. The company posted net earnings of C$422 million (US$310.8 million), or C$0.83 per share, up from C$396 million in the same period a year prior.
Utz Brands reported a fourth-quarter net loss as retailers trimmed inventory levels, a move partly triggered by last year’s government shutdown and delays in SNAP payments. Despite the bottom-line hit, the snack maker beat adjusted earnings estimates and authorized its first-ever share repurchase program to signal confidence in its core branded portfolio.
Shares of Energy Vault Holdings Inc. tumbled 17.5% in premarket trading Thursday after the company priced an upsized $140 million offering of senior convertible notes. The capital raise, which grew from an initial $125 million target, reflects the energy storage firm's move to restructure debt and fund strategic financial transactions.
Prime Minister Lawrence Wong has announced a S$1.5 billion (US$1.19 billion) expansion of Singapore’s equity support program, bringing the total initiative to S$6.5 billion. The capital injection aims to bolster the city-state’s financial hub status as it navigates a cooling global economy and shifting trade dynamics.
McGraw Hill shares jumped 16% in premarket trading after the education publisher raised its annual revenue forecast and reported a narrower-than-expected quarterly loss. The updated guidance aims to reassure investors following recent market volatility fueled by fears that generative artificial intelligence could disrupt the traditional publishing industry.
Entergy Corp. reported a decline in fourth-quarter profit on Thursday, as rising operational expenses outweighed a steady increase in electricity consumption across its Gulf South service territory.
Telus has tapped former CIBC head Victor Dodig to succeed long-standing leader Darren Entwistle, signaling a major executive transition for the Canadian telecommunications giant as it concludes a 26-year era under its current chief.
Chicago-based utility giant Exelon Corp. has authorized a 5% increase to its quarterly dividend, raising the payout to 42 cents per share as it strengthens its commitment to shareholder returns.
Maumee-based Dana has appointed Byron Foster as its next chief executive, succeeding R. Bruce McDonald effective July 1. The leadership transition ensures continuity at the propulsion and energy-management provider, as McDonald will remain in his role as chairman of the board.
US Foods Holding Corp. posted a nearly threefold increase in fourth-quarter profit on Thursday, driven by steady demand from independent restaurants and healthcare clients. Despite a slight revenue miss, the foodservice giant’s adjusted earnings outperformed Wall Street expectations, underscoring its ability to manage costs in a cooling economic environment.
Exelon reported a decline in fourth-quarter profit and revenue as rising taxes and operational expenses offset gains from its utility rate structures. Despite the year-over-year dip, the Chicago-based energy giant surpassed Wall Street’s expectations, signaling resilience as it prepares for a multi-billion-dollar grid expansion.
Sanofi shares fell 6% on Thursday following the announcement that Belen Garijo, the current head of Germany’s Merck KGaA, will succeed Paul Hudson as chief executive. The leadership shakeup comes as the French drugmaker struggles to convince investors it can overcome recent clinical setbacks and diversify its portfolio ahead of looming patent expirations.
Hyatt Hotels Corp. reported a significantly narrower fourth-quarter loss and a massive earnings beat on Thursday, driven by resilient demand for luxury travel. The Chicago-based hotelier now projects a return to profitability by 2026, signaling a sharp turnaround from its current fiscal trajectory.
Birkenstock Holding PLC reported a dip in profitability for its fiscal first quarter as U.S. trade tariffs and unfavorable currency shifts offset steady revenue growth. Despite a rise in adjusted earnings, the German footwear brand’s margins contracted, highlighting the challenges of its heavy reliance on the American market amid fluctuating exchange rates.
Prime Minister Lawrence Wong announced a S$1.5 billion expansion of Singapore’s equity market support program during his national budget speech, a move designed to reinforce the city-state's standing as a premier global financial hub.
Shares of Meituan tumbled to their lowest level since March 2024 on Thursday after Moody’s Ratings shifted its outlook for the Chinese food-delivery giant to negative. The stock dropped as much as 5.1% in Hong Kong, eventually closing 4.5% lower at HK$84.85, as analysts warned that escalating competition and heavy investment requirements would continue to weigh on the company’s profit margins.
U.S. and European markets climbed on Tuesday morning as investors weighed a mix of corporate earnings and fluctuating energy prices. S&P 500 and Dow futures rose 0.3%, while European benchmarks like the CAC 40 and DAX posted gains of over 1%, signaling a resilient start for Western equities despite volatility in the Asian sector.
