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New York
281 posts
LSEG is paying $3.5bn for Octus. Why isn’t an earnings boost immediate?
London Stock Exchange Group is buying credit intelligence specialist Octus for US$3.535 billion while upgrading its growth and cash-flow forecasts. The acquisition promises faster subscription growth, but its debt financing and initially neutral earnings contribution raise an important question about how quickly shareholders will benefit.
International Seaways targets $370m Bruton acquisition as tanker earnings surge
International Seaways is pursuing a mostly share-funded acquisition of Bruton Limited while forecasting third-quarter net income of up to $350 million, but volatile tanker rates and transaction dilution could influence the financial returns from its expanding fleet.
Travelers Q3 profit reaches $1.92bn as insurance margins strengthen despite catastrophe losses
The Travelers Companies delivered $9.18 in quarterly core earnings per share and record investment income, but higher catastrophe losses, nearly flat premiums and rising unrealised bond losses create a more complicated picture of its financial performance.
GlobalFoundries wins $2bn TSMC AI packaging agreement with production set for 2028
GlobalFoundries will manufacture silicon interposers for Taiwan Semiconductor Manufacturing Company's advanced packaging ecosystem under a five-year agreement valued at $2 billion. The contract strengthens the US semiconductor supply chain, but the production timetable and investment requirements mean financial benefits will develop over several years.
GlobalFoundries (NASDAQ: GFS) shares jump as Japan backs two proposed New York chip plants
GlobalFoundries has been selected to operate two semiconductor manufacturing facilities in New York under a US-Japan investment initiative, creating a potentially significant expansion opportunity while introducing a new government-backed financing structure.
Hudson Tunnel Project fires up 1,680-ton machines as $16bn rail build advances
Tunnel boring at the $16bn Hudson project turns years of funding and preparatory work into the programme’s defining construction phase.
PetLabCo enters the dog calming market with 10-ingredient NeuraBlend as holiday travel approaches
PetLabCo has introduced NeuraBlend Calming Chew, a melatonin-free daily supplement containing ten active ingredients intended to support calm behavior in dogs. The launch moves the company into canine behavioral wellness, where product differentiation, ingredient evidence and veterinary confidence will shape commercial adoption.
JPMorgan earns $15.3bn but disappoints Wall Street. What went wrong in Q3?
JPMorgan Chase delivered higher third-quarter revenue and profit, but weaker fixed-income trading, rising expenses and an investment securities loss contributed to an earnings miss.
Micron plans a record $35.16bn share buyback. Why did its stock still fall nearly 4%?
Micron Technology has expanded its share repurchase authorization to $35.16 billion, but new developments at China's ChangXin Memory Technologies are intensifying questions about future competition in the AI memory market.
Saudi Arabia seeks dismissal of September 11 lawsuits as US appeals court considers immunity dispute
Twenty-five years after the September 11 attacks, families of victims are still pursuing legal claims against Saudi Arabia. A federal appeals court in New York has heard arguments over whether the long-running litigation can proceed, with Saudi Arabia denying involvement and invoking sovereign-immunity protections. The judges have not announced a ruling.