The Canadian flight simulation giant CAE has agreed to divest its Flightscape airline operations software business to SITA, a move valued at $500 million. This transaction allows CAE to pivot resources toward its core defense and civil training markets while handing off a platform used by more than 90 global carriers.
A 55% surge in third-quarter net profit to $407 million highlights a strong performance for Monterrey-based Cemex. Driven by rising prices and robust cement sales, the company capitalized on government-backed housing initiatives in Mexico and a swelling industrial pipeline in the United States, effectively outpacing previous year results.
Apollo Global Management is taking a minority equity stake in Mubadala Capital, the alternative asset management arm of Abu Dhabi’s sovereign investor. The agreement, announced Monday, anchors a $5 billion commitment from a consortium of new minority shareholders intended to scale the firm’s global investment strategies.
The Defense Logistics Agency has awarded Graphite One a contract to test carbon-based composites from its Graphite Creek deposit in Alaska. The project focuses on developing high-temperature thermal management systems, aiming to bolster domestic supply chains for materials critical to national defense and military logistics infrastructure.
SpaceX has entered into a binding commitment with an entity managed by Apollo Global Management to finance the acquisition of high-end graphics-processing units and data center infrastructure. The arrangement, valued at approximately $40 billion, marks a significant push by Elon Musk’s firm to expand its computational capabilities over the coming years.
Investors wiped 19% off Davion Healthcare’s market value on Monday, driving the stock down to $4.85 in premarket trading. The sharp decline followed the company’s announcement that it had spent $25 million in cash and equity to acquire intellectual property for two medical diagnostic technologies from Humaskan shareholders.
After facing a 200 million euro penalty for failing to police its digital storefront, Temu has secured European Commission approval for a remedial action plan. The online retailer must now overhaul its content moderation and recommendation algorithms to stem the proliferation of illicit products across the bloc.
A 12% share price slide during the third quarter has put Novartis on the defensive as the Swiss pharmaceutical giant prepares to report its latest earnings on Tuesday. With clinical trial stumbles weighing on sentiment, investors are now looking for a clear strategy to regain momentum and hit growth targets.
More than 1,000 workers at the Highland Valley Copper mine in British Columbia walked off the job Saturday, halting full-scale production after contract negotiations between Teck Resources and the United Steelworkers local 7619 collapsed.
The U.S. Navy has awarded CACI International a $281 million task order to accelerate the development of next-generation electromagnetic warfare capabilities. Over the next five years, the defense contractor will focus on research, prototyping, and infrastructure improvements designed to secure dominance across contested signals environments.
Aaron Birnbaum, the current president of Herc Holdings, will step into the role of chief executive officer starting January 1, marking a significant leadership shift for the Bonita Springs-based equipment rental firm as long-time CEO Larry Silber moves into the executive chairman position.
Acuity is set to acquire Parameter Technologies for $675 million in cash, a strategic move designed to anchor its building-controls and environmental-monitoring business within the rapidly growing data center sector. The deal marks a significant expansion of the company’s infrastructure capabilities through its existing Intelligent Spaces segment.
Shares of the Danish biotech firm Genmab climbed 13% during Monday morning trading, signaling a sharp investor response to new clinical trial data. The company reported that its experimental drug, rinatabart sesutecan, significantly outperformed standard chemotherapy in treating patients with advanced ovarian cancer, marking a pivotal breakthrough for its pipeline.
Five workers remain missing after the Prospector 5 drilling rig suffered a catastrophic loss of stability off the coast of Gabon this weekend. The offshore structure experienced a punch-through event on Saturday, forcing a frantic search and rescue operation for the personnel who did not make it to safety.
Slovenia has tapped a consortium of five international banks to arrange the issuance of a 10-year, dollar-denominated bond. The sovereign move aims to tap into U.S. capital markets, with the launch date remaining contingent on shifting volatility and broader appetite within global financial conditions in the coming days.
With an oversubscribed $300 million private investment in hand, obesity drug developer Corxel Pharmaceuticals is charting a path to public markets. The company will merge with the blank-check entity Amanat Acquisition, securing a total of $377 million in gross proceeds to fuel its clinical pipeline through 2029.
Xencor stock jumped 33% in premarket trading Monday, hitting $33.56 after the company reported strong antitumor activity for its experimental drug, XmAb819. The clinical data, focused on advanced clear cell renal cell carcinoma, marks a significant milestone for the biopharmaceutical firm’s oncology pipeline and its long-term development strategy.
Passengers on easyJet flights will soon access high-speed internet as the budget airline joins the growing list of carriers integrating SpaceX’s Starlink satellite network. The rollout, set to begin in the first half of next year, will bring ground-level connectivity speeds to the carrier’s Airbus A320 and A321 aircraft.
A projected $60 million annual windfall drives Honeywell Technologies’ latest venture as the firm integrates Nvidia’s generative AI models and Dell’s hardware infrastructure into a new platform. Dubbed Forge Plant Cognition, the system aims to automate complex decision-making for refining and petrochemical operators globally, starting with a pilot in Nigeria.
Revolut is moving to dismantle the dominance of Britain’s traditional lenders by launching unsecured personal loans of up to 25,000 pounds. This expansion marks a critical shift for the Europe-based fintech, which is now leveraging its massive customer base to challenge established giants like Barclays and NatWest directly.
A 9.3% premarket surge greeted ArriVent BioPharma on Monday following early-stage trial results for its experimental gastrointestinal cancer drug. The company reported that its conjugate, ARR-217, demonstrated significant anti-tumor activity in pretreated colorectal cancer patients, signaling a potential breakthrough for those who have exhausted standard therapeutic options.
Federal regulators are scrutinizing Ford Motor Co. over reports of sudden power loss in its 7.3-liter gasoline engines. The National Highway Traffic Safety Administration launched the investigation following allegations that insufficient oil lubrication at idle speeds triggers catastrophic wear on critical internal components, leaving drivers with almost no warning before failure.
Global liquefied natural gas importers face a $39 billion increase in total procurement costs this year, even as they secure significantly lower volumes. Disruptions to Qatari and United Arab Emirates exports have forced buyers to scramble for replacement cargoes, driving global portfolio costs to an estimated $256 billion.
The Dutch TTF front-month contract climbed to 97.50 euros a megawatt-hour on Monday, marking the highest valuation for European natural gas since December 2022. This spike arrives as a confluence of seasonal cold snaps and geopolitical blockades in the Strait of Hormuz tighten the continent’s energy margins.
A 33% slide in share price this year sets a nervous stage for Tuesday’s second-quarter earnings report. Analysts surveyed by LSEG project a 5.7% dip in net profit to 31.05 billion rupees, as the automaker struggles to balance surging revenue against the relentless pressure of global commodity inflation.
As geopolitical tensions threaten critical maritime chokepoints, Singapore and Saudi Arabia are finalizing plans to establish a crude-oil storage facility on Jurong Island. The initiative aims to shield the Southeast Asian financial hub from supply volatility while securing a stable foothold for Saudi exports in the region.
Sankyu Inc. reported a net profit of 31.51 billion yen for the fiscal year ending March 31, 2026, marking a steady increase from the previous year’s 30.75 billion yen. Despite this bottom-line growth, the Japanese logistics and engineering firm faced tighter margins across its operating and pretax profit lines.
Taiyo Industrial Co. Ltd. reported a net profit of 74 million yen for the nine-month period ending September 20, 2026, marking a sharp reversal from the 29 million yen loss recorded during the same period last year. Revenue for the Japanese firm grew to 2.89 billion yen, up from 2.62 billion yen.
Canon Marketing Japan posted a net profit of 32.60 billion yen for the nine months ending September 30, marking a significant climb from the 27.28 billion yen recorded during the same period last year. The company’s performance reflects a steady expansion in revenue as it navigates the current fiscal landscape.
A 26 percent decline in net profit marked the first nine months of fiscal 2026 for Mikikogyo Co. Ltd., as the Japanese firm reported earnings of 925 million yen against 1.26 billion yen for the same period last year, despite achieving a modest increase in top-line revenue.
