After thirteen years steering the financial operations of Plumas Bancorp, Richard Belstock is stepping down from his role as executive vice president and chief financial officer. The Reno-based holding company confirmed his retirement effective January 1, 2027, marking the end of a tenure that began in 2011.
Calgary-based power generator TransAlta has finalized the sale of a 49% interest in its 500-megawatt Oklahoma wind portfolio to Ares Infrastructure funds. The deal, valued at $305 million, marks a strategic shift for the company as it seeks to reallocate capital toward its primary operating regions.
A 24% premarket drop greeted NVE Corporation shares Thursday morning as the nanotechnology firm disclosed a decline in second-quarter financial performance. Investors reacted to a contraction in product sales, which dragged down both top-line revenue and net income for the period ending September 30.
Dover’s third-quarter earnings rose to $333.3 million as the manufacturer capitalized on sustained demand within AI infrastructure and semiconductor production. The results, reflecting a broader portfolio recovery, pushed the company to tighten its annual financial targets as project backlogs extend well into the 2027 delivery cycle.
Lockheed Martin shares jumped 3.7% in premarket trading Thursday, reaching $572 after the defense contractor unveiled a decade-long framework agreement for its F-35 program. The deal, paired with a record-shattering $291.98 billion backlog, signals a shift toward long-term stability for the company's most significant production line.
Rising acquisition expenses and increased amortization weighed heavily on FirstService in the third quarter, driving net income down to $64.6 million despite a steady climb in total revenue. The property-services firm reported a profit of 99 cents a share, falling short of the $1.24 per share recorded during the same period last year.
With an adjusted loss of $9.8 million recorded in the second quarter, Ballard Power Systems is pivoting toward a leaner growth strategy. The Canadian fuel cell manufacturer aims to reach break-even on an adjusted EBITDA basis by the end of 2027, banking on a 30% annual revenue growth rate to stabilize operations.
Shares of Biohaven soared 39% in early trading Thursday, climbing to $16.35 after the company confirmed that federal regulators accepted its resubmitted application for Vyglxia, a treatment targeting the rare, neurodegenerative condition spinocerebellar ataxia.
David's Bridal is carving out its Pearl digital wedding-planning platform to merge with K&F Growth Acquisition Corp II, a move designed to decouple the company’s burgeoning online technology from its traditional physical storefronts through a transaction that values the digital entity at $350 million.
Power Corp. of Canada has snapped up Fine Choice Foods, a British Columbia-based manufacturer specializing in refrigerated Asian appetizers. The deal, executed through the firm’s food-focused private equity platform, marks a strategic expansion in the domestic market as part of a broader, multi-billion dollar investment initiative.
The end of summertime electricity subsidies triggered an 18.5% spike in residential power rates, driving Mexico’s headline inflation to 3.62% during the first half of October. National statistics institute Inegi reported the consumer price index rose 0.41% in two weeks, marking a clear acceleration from late September levels.
Investors in Whippany-based Suburban Propane Partners will see a 7.7% bump in their quarterly distribution, with the payout rising to 35 cents per unit from the previous 32.5 cents. This adjustment reflects the company's commitment to shareholder returns following Wednesday’s market close at $17.30.
Catherine Anderson will transition to the role of chief strategic growth officer at A&W Food Services of Canada on Nov. 2, tasked with spearheading the burger chain's national expansion. Previously the company's vice president of development, she will now oversee new restaurant openings and identify opportunities to scale the brand's footprint.
With 59 new listings raising nearly $120 billion this year, Nasdaq is eclipsing the New York Stock Exchange in the race for market dominance. The exchange’s latest quarterly results highlight this shift, as surging demand for financial technology and capital access platforms pushed net income to $540 million.
The U.S. Defense Department and Lockheed Martin are moving to abandon annual contracting cycles for the F-35 fighter jet program in favor of a 10-year framework. This shift aims to stabilize production of 850 aircraft while securing a steady supply chain for domestic and international military customers over the coming decade.
Moving from the junior TSX Venture Exchange to the Toronto Stock Exchange’s main board, Fireweed Metals has secured conditional approval for its transition. The company, which centers its operations on critical metals exploration in Northern Canada, seeks to bolster its market profile and attract a broader base of institutional investors.
Blackstone reported a third-quarter net income of $662.4 million, climbing past the $624.9 million recorded a year ago as aggressive investments in artificial intelligence infrastructure shielded the firm from sluggish performance across its traditional private equity and real estate portfolios.
Spotify’s premium subscriber base swelled to 306 million this quarter, fueling a revenue jump to 5 billion euros. Yet, the music streaming giant saw its net income slip to 518 million euros, as a 26% spike in operating expenses—driven by aggressive investments in AI and marketing—took a bite out of the bottom line.
Surging fuel and transportation expenses undercut Tractor Supply’s bottom line this quarter, even as the rural retailer’s aggressive expansion strategy pushed total revenue beyond market expectations. The company reported a net income of $224.7 million, down from $259.3 million during the same period last year, marking a sharp contrast to its top-line growth.
Valero Energy’s third-quarter net income climbed to $6.99 billion, a massive leap from the $1.07 billion reported during the same period last year. Driven by near-record utilization rates across its refineries and a sharp turnaround in its renewable fuels division, the company comfortably outpaced Wall Street’s earnings and revenue projections.
The Bangko Sentral ng Pilipinas shocked financial markets Thursday with a 50-basis-point interest rate increase, opting for a double-sized hike as it battles persistent inflation fueled by global energy volatility and the looming threat of the El Nino weather phenomenon.
Fort Worth-based pawn operator FirstCash Holdings is increasing its quarterly dividend by 9.5%, pushing the payout to 46 cents per share from the previous 42 cents. The move follows a period of stable market performance for the company, reflecting adjustments to its capital allocation strategy for the final quarter.
Rising fuel surcharges and aggressive organic freight growth propelled Mullen Group to a strong third quarter, with the Canadian logistics firm reporting a net income of C$51.5 million. The results significantly outpaced Wall Street expectations, showcasing resilience despite a broader economic environment marked by trade volatility and escalating energy costs.
Investors pushed Arcus Biosciences shares down 7.2% to $17.72 in premarket trading after the Hayward-based biotech firm priced a follow-on offering of 14.3 million shares at $17.50 each. The move marks a strategic effort by the company to bolster its capital for ongoing development of specialized cancer therapies.
A retreat in AI-driven capital expenditure is rattling global markets, pushing the dollar to a three-week low while investors scramble for the safety of the Swiss franc. The shift comes as French fiscal instability widens bond yield spreads, forcing a sharp reassessment of central bank tightening cycles in both the U.S. and Europe.
A 10% slump in domestic sales sent SMCP shares tumbling 6.6% in Paris trading this morning, as the fashion group grapples with a volatile retail climate in its home market. The owner of Sandro and Maje reported total organic quarterly revenue of 291 million euros, a 2% decline compared to last year.
Investors pushed Rentokil Initial shares up 9% to 343.5 pence on Thursday after the pest-control provider announced a $200 million share buyback and reported organic revenue growth of 3.4% for the third quarter. The move provides a brief respite for a stock that has shed 23% of its value this year.
Shares in the home security firm Verisure climbed 11.25% to 10.40 euros in early European trade today, following reports that private equity firm CVC Capital Partners is weighing a potential buyout. The move marks a sharp reversal for the Stockholm-listed company, which has struggled since its public debut last year.
A 13% spike in UCB shares this morning signaled investor optimism after the Belgian pharmaceutical firm lifted its annual revenue forecast for the second time this year. The rally, which wiped out the company's year-to-date losses, reflects surging U.S. demand for its flagship immunology treatment, Bimzelx.
The U.S. Food and Drug Administration has granted accelerated approval to AstraZeneca’s Ultomiris for treating adults with immunoglobulin A nephropathy. This rare condition, often causing elevated protein levels in urine, carries a significant risk of progressing into chronic kidney disease, marking a new therapeutic milestone for the U.K.-based pharmaceutical giant.
