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ATN International has reached an agreement to sell 214 wireless towers and related assets in the southwestern United States to an affiliate of Everest Infrastructure Partners for up to $297 million in cash. The deal, announced Wednesday, marks a strategic pivot for the digital infrastructure firm as it seeks to deleverage its balance sheet and reinvest in core operations.
Delica Foods Holdings Co. Ltd. reported a dramatic increase in net profit for the nine months ending December 31, with earnings climbing to ¥1.12 billion from ¥125 million a year earlier, fueled by steady revenue gains and significantly improved margins.
Singapore Telecommunications (Singtel) posted a 43.5% rise in third-quarter net profit, reaching S$1.89 billion (US$1.50 billion) for the period ending Dec. 31. The result was bolstered by a massive one-time gain from the partial divestment of its stake in Indian associate Bharti Airtel, signaling a shift in the group’s capital allocation strategy.
Nishimatsu Construction Co. Ltd. reported a significant uptick in its bottom line for the nine months ended Dec. 31, with net profit climbing to ¥13.13 billion. The Tokyo-listed builder benefited from a steady rise in revenue and improved operating efficiency during the period, comfortably outpacing its performance from the previous year.
Japan-based Will Co. Ltd. (3241.TO) reported a decline in full-year net profit to ¥664.00 million for the fiscal year ending December 31, 2025, despite a significant uptick in top-line revenue and operating income. The results, released under Japanese accounting standards, highlight a divergence between the company’s operational growth and its final bottom-line performance.
BP Pulse has launched seven new electric vehicle charging hubs across California, Georgia, Illinois, and Florida, marking a significant step in the energy giant’s $1 billion push into American power infrastructure. The expansion places high-speed chargers at key fuel stations and truckstops, moving the company closer to its goal of integrating EV power into its existing retail footprint.
Energy shares rallied Monday as escalating friction between Washington and Tehran and a rollback of U.S. environmental rules drove crude oil futures to $64.43 a barrel.
Shares of raw material producers climbed as significant deal-making activity offset individual corporate outlook concerns. The sector's momentum was fueled by a multi-billion dollar acquisition in the building supplies space, even as broader construction weakness weighed on specific industry heavyweights.
Major consumer companies saw share prices retreat following a series of mixed quarterly reports and escalating labor tensions. While Kraft Heinz shifted its focus toward long-term organic growth, Mattel struggled to keep pace with industry trends, and American Airlines faced a formal rebuke from its workforce.
Industrial and transportation shares surged on Wednesday after U.S. payrolls expanded by 130,000 in January, marking the strongest employment growth in over a year and signaling a break in the labor market's recent stagnation.
Health-care companies trended upward on Wednesday as investors balanced a surge in medical expenses at major insurers against a breakout performance from digital therapy providers.
Technology shares climbed on Tuesday as robust quarterly results from key hardware players outweighed concerns over the high cost of artificial intelligence integration. While specialty chipmaker GlobalFoundries and networking giant Cisco Systems saw shares rally on strong demand, e-commerce leader Shopify faced a sharp sell-off as investors reacted to the price tag of its AI ambitions.
Communications services stocks traded mixed on Wednesday as T-Mobile US reported robust subscriber gains, while Netflix faced headwinds from escalating activist opposition to its potential tie-up with Warner Bros Discovery.
Financial institutions saw their shares tumble following a disappointing fourth-quarter performance from Robinhood and a renewed retreat in the cryptocurrency market. The downturn reflects growing investor caution as strong employment figures challenge expectations for imminent interest rate cuts by the Federal Reserve.
U.S.-based lithium giant Albemarle announced Wednesday it will immediately halt operations at its remaining production line in Kemerton, Western Australia. The decision to place the lithium hydroxide processing plant into care and maintenance follows a period of crushing price volatility, forcing the company to prioritize cost-cutting despite a recent uptick in sales.
Shares of North Carolina-based Duke Energy and its industry peers climbed after the utility giant reported fourth-quarter revenue gains fueled by a significant uptick in power demand from artificial intelligence data centers.
FirstEnergy Corp. announced a 4.5% increase to its quarterly dividend on Wednesday, raising the payout to 46.5 cents per share as the utility company moves to enhance shareholder returns.
Gaming and Leisure Properties (GLPI) has finalized the $700 million acquisition of Bally's casino and resort real estate in Lincoln, Rhode Island. The deal, funded primarily through debt, expands GLPI's footprint in the Northeast and is expected to immediately boost the company's adjusted funds from operations per share.
Primerica Inc. announced a 15% increase to its quarterly dividend on Wednesday, raising the payout to $1.20 per share from the previous $1.04. The move signals a robust start to the fiscal year for the financial services provider as it strengthens its capital return program.
Apimeds Pharmaceuticals and Lkahi Therapeutics will consult with the U.S. Food and Drug Administration on May 4 to establish a regulatory path for LT-100, a purified honeybee venom treatment for osteoarthritis. The Type C meeting marks a significant step in transitioning the South Korean-approved therapy into the American clinical pipeline.
Singapore-based Grab Holdings has reached an agreement to acquire U.S. digital financial services firm Stash Financial for $425 million, marking a significant strategic push into the American fintech market. The deal is expected to close in the third quarter of 2026, pending regulatory approvals and customary closing conditions.
Manulife Financial announced a double-digit increase to its quarterly dividend on Wednesday, raising the payout to 48.5 cents per share as it strengthens its commitment to shareholder returns.
Chicago-based restaurant chain Portillo's has appointed industry veteran Brett Patterson as its next chief executive, effective Feb. 23. Patterson will succeed interim leader Michael A. Miles Jr., taking the helm of the fast-casual brand as it stabilizes its front office following a period of executive transition.
Cognex Corp. shares surged in late trading Wednesday after the machine vision specialist unveiled a massive $500 million expansion to its share repurchase program and reported quarterly results that cleared Wall Street expectations on both the top and bottom lines.
Benchmark Mineral Intelligence has released its latest price assessment for essential electric vehicle battery materials, with Lithium Carbonate currently trading at $20,700 per metric ton in the Chinese market. The data underscores the current valuation of the world's most critical green-energy supply chain components.
NVR, the prominent homebuilder and mortgage provider, announced Wednesday that its board has authorized a new $750 million share repurchase program. The move reinforces a long-standing capital return strategy that has been a cornerstone of the company’s financial policy for three decades.
Meta Platforms has officially broken ground on a $10 billion data center in Lebanon, Indiana, a cornerstone of the company’s aggressive push to expand its artificial intelligence infrastructure. The facility, designed to support one gigawatt of capacity, represents a significant escalation in Meta’s capital spending as it integrates generative AI into its global advertising ecosystem.
U.S. natural gas stockpiles likely plummeted last week as freezing temperatures from winter storm Fern drove sustained heating demand across much of the country. Analysts surveyed by the Wall Street Journal anticipate a withdrawal of 264 billion cubic feet (Bcf) for the week ended Feb. 6, a figure that significantly outpaces historical norms.
Upstart Holdings shares tumbled 15% on Wednesday after the AI-driven lender issued a full-year margin forecast that trailed Wall Street expectations, overshadowing a surprise quarterly profit and a leadership transition. While the company’s revenue outlook surpassed estimates, a shift toward lower-yielding credit products signaled potential pressure on profitability through 2026.
Smurfit Westrock shares surged 10% on Wednesday after the packaging giant reported fourth-quarter revenue that edged past Wall Street estimates, signaling resilience despite a bottom-line miss. While net income fell short of analyst projections, investors appeared encouraged by the company’s aggressive restructuring and an optimistic outlook for the coming year.