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New York Stock Exchange
253 posts
Ethan Allen will split CEO and chair roles, but who gets to choose Farooq Kathwari’s successor?
Ethan Allen has committed to naming a new chief executive by June 30, 2027 and separating its CEO and chair roles as a contested board election reaches its final days. Shareholders are effectively deciding not only who sits on the board, but which group will control a leadership transition at a debt-free company whose sales and operating profit declined in fiscal 2026.
Arbor Realty Trust (ABR) suspends dividend as $1.25bn in troubled assets sends stock down 29%
Arbor Realty Trust has suspended its common dividend after reporting an $85.4 million quarterly loss and a sharp increase in troubled real estate assets. Management is targeting approximately $700 million in liquidity by early 2027, but rising credit losses and a March debt maturity have intensified questions about the lender's financial recovery.
Shutterstock’s Getty merger failed and revenue fell. Why is founder Jon Oringer returning now?
Shutterstock founder Jon Oringer has returned to the CEO role as artificial intelligence, falling revenue and the collapse of the planned Getty Images merger force a deeper strategic reset.
FTI Consulting just posted record revenue. Why is it still cutting 4% of its workforce?
FTI Consulting is eliminating roughly 4% of its more than 8,200 employees even as revenue reaches a quarterly record and adjusted earnings guidance rises, exposing uneven demand beneath the headline growth.
ADT surges 33% on Thrive Holdings deal as $114m break fee shapes takeover prospects
Thrive Holdings has agreed to acquire ADT for $10 per share in a transaction worth $15.3 billion including debt, taking the home security provider private if approved. A 30-day search for competing bids, financing from Apollo affiliates and ADT's recurring-revenue economics create important questions about the final transaction value and the next phase of the business.
Forestar (FOR) names Anthony Oxley executive chairman as $2.3bn lot backlog faces housing slowdown
Forestar Group has announced the retirement of Executive Chairman Donald Tomnitz after nine years, with President and Chief Executive Officer Anthony Oxley assuming the additional chairman role on November 1. The leadership transition comes as the D.R. Horton-controlled residential lot developer manages housing affordability pressures, a 91,700-lot inventory and approximately $2.3 billion in contracted future lot sales.
EnerSys bets $320m on Ultralife’s military batteries and drone power systems as defence demand grows
EnerSys has agreed to acquire Ultralife for approximately $320 million in enterprise value, offering shareholders $16 per share in cash. The transaction will expand EnerSys's position in military batteries, unmanned systems and specialized power technologies, with management targeting $15 million to $20 million in annual cost synergies and adjusted earnings accretion within approximately 18 months of closing.
TransUnion expands $2bn share buyback as third-quarter revenue rises 12%
TransUnion reports $1.31 billion in quarterly revenue and higher profits while expanding its share buyback authorization to $2 billion.
Northrop Grumman (NYSE: NOC) backlog hits $110bn as 2027 growth test begins
Northrop Grumman's Q3 sales increased 7%, backlog reached a record US$109.6 billion and 2026 earnings guidance improved. The next test is converting defence demand into 5% to 7% expected 2027 sales growth while funding capacity expansion for B-21 and other programmes.
Myriad Genetics stock surges as Labcorp buys prenatal testing business for $210m
Myriad Genetics is selling its prenatal testing business to Labcorp for $210 million. See why $MYGN surged and what the deal means for both companies.