Companies & CEOs
Siemens Energy to invest $1 billion in US production expand - 02/04/2026
Siemens Energy, a German company that makes power equipment, plans to put in $1 billion to grow its business in the United States, focusing on products for power grid infrastructure and gas turbines. Siemens Energy announced its intention to grow its operations by expanding multiple current production locations within the United States and establishing a new facility in Mississippi, which will be...
Equinor to sell part of its Argentina assets for $1.1 billion - 02/03/2026
Norwegian oil and gas company Equinor ASA has announced that it has reached an agreement to sell its onshore oil production operations in Argentina's Vaca Muerta Basin to Vista Energy for a total of $1.1 billion. Half of the total amount will be paid in cash, while the other half will be in Vista shares and future payments. "The transaction price includes payments that depend on production levels...
Flacks Group interested in buying troubled British Steel - 02/03/2026
According to the Financial Times, Flacks Group is looking to purchase British Steel and combine it with another struggling steel company in Italy, which would result in the formation of one of the biggest steel companies in Europe. Businessman Michael Flacks, through his company Flacks Group, focuses on corporate restructuring. The investor expressed to the publication that he has a strong...
Nvidia plans major investment in OpenAI - 02/03/2026
Nvidia Corporation intends to make a significant investment in OpenAI, the company behind the ChatGPT chatbot, as part of an upcoming funding round, according to the company’s CEO Jensen Huang. Huang previously refuted reports from earlier media outlets that he was unhappy with the letter of intent signed with OpenAI in September, which outlined Nvidia's commitment to invest $100 billion in the...
Panama court annuls Hutchison's contract to manage ports on the Panama Canal - 02/02/2026
The Supreme Court of Panama has canceled the contract of Hong Kong-based company CK Hutchison responsible for managing two ports located at opposite ends of the Panama Canal. This decision adds more uncertainty to the earlier agreement about selling Hutchison Global Port assets to a group of investors. The Supreme Court of Panama, following a thorough examination of the matter, determined that...
Apple increased quarterly revenue by 16% - 02/02/2026
American Apple Inc. reported a 16% rise in revenue during the first quarter of its fiscal year 2026 and also provided a positive outlook for the current period. For the quarter ending on December 27, the company reported a net income of $42.097 billion, which is equivalent to $2.84 per share, compared to $36.33 billion, or $2.40 per share, from the same period last year. Revenue increased to...
Elliott may submit a tender offer for Toyota Industries - 01/29/2026
According to Reuters, citing Nikkei, activist investor Elliott Investment Management is looking into the possibility of making a tender offer for shares in Toyota Industries, a Japanese company that produces industrial goods. Elliott is the biggest independent investor in Toyota Industries and recently declared that it holds 6.65% of the company's shares. According to sources from Nikkei, its...
Amazon to close Amazon Fresh and Amazon Go offline stores - 01/28/2026
American Amazon.com Inc. will be closing its Amazon Fresh grocery stores and automated Amazon Go convenience stores, as stated in its blog post. The company is shifting its focus to delivering online food orders and expanding the Whole Foods Market network, which specializes in natural and premium products. Some of the closing locations will be transformed into Whole Foods stores. Amazon...
Citigroup to hold new job cuts in March - 01/26/2026
US bank Citigroup Inc. laid off around 1,000 employees this month and is getting ready for more layoffs in March, according to Reuters, which is quoting people who know about the situation. These new layoffs are expected to happen after the bonus payments are done, as per the same sources. Citigroup's CEO, Jane Fraser, is still working on reorganizing the bank to save costs, deal with...
Paramount extends offer to Warner Bros. Discovery shareholders to February 20 - 01/23/2026
Paramount Skydance Corp. has prolonged its aggressive bid to purchase Warner Bros. Discovery (WBD) by about a month, until February 20, to allow shareholders additional time for deliberation. As of January 21, the initially stated date, Paramount had obtained tender orders from owners of 168.5 million WBD shares, accounting for 6.8% of the overall outstanding shares. Paramount announced its...
