A tax policy shift in Chile is set to trim 55 million Canadian dollars from Scotiabank’s fourth-quarter earnings, though the lender expects to partially offset this one-time write-down with a strengthened income contribution from its strategic investment in the U.S.-based regional bank KeyCorp.
After serving in an acting capacity since June 30, Jeff Stutz has been appointed the permanent chief executive officer of furniture manufacturer MillerKnoll. The board of the Zeeland, Michigan-based company confirmed the move Wednesday, simultaneously expanding its own ranks to include the 55-year-old executive as its eleventh member.
Robin Swartz will lead Voyager Therapeutics as the biotechnology firm prepares for a multi-year executive transition. Currently serving as president, she is slated to step into the chief executive officer role in early 2027, succeeding incumbent Alfred Sandrock as the company advances its clinical pipeline for Alzheimer’s disease.
A $108 million infusion led by General Motors’ venture arm is set to propel Peak Energy’s push into the data-center sector. The Burlingame-based startup plans to use the capital to scale domestic manufacturing, aiming to satisfy a backlog of customer orders currently valued at more than $1 billion.
A 300-megawatt capacity data center is set to rise in Spain as Iren expands its footprint into the European market. The company confirmed Wednesday that it has secured the necessary civil works license, marking a significant step toward launching a facility dedicated to high-demand artificial intelligence workloads.
A 14.6 billion dollar quarterly haul at SpaceX, more than double the company's performance from a year ago, has triggered a broad rally among commercial space infrastructure firms. Investors responded to the robust figures and optimistic guidance by pushing shares of smaller sector players into positive territory during Wednesday's premarket trading.
An 8.1% premarket surge pushed Roivant shares to $37.74 on Wednesday, following successful late-stage clinical results for brepocitinib. The drug, aimed at treating non-infectious uveitis, met its primary endpoint by significantly delaying treatment failure compared to a placebo, offering new hope for a condition that frequently leads to permanent vision loss.
With fourth-quarter profits falling to $9.7 million, Winnebago Industries faces a sustained downturn in consumer interest for recreational vehicles. The Eden Prairie-based manufacturer reported a 17% revenue decline to $645.1 million, signaling that middle-income buyers are increasingly pulling back on discretionary, large-ticket purchases amid persistent economic uncertainty.
With net income climbing to $1.24 billion for the third quarter, Danaher Corporation is outpacing analyst expectations. The laboratory equipment manufacturer reported $1.75 per share for the period ending September 25, a significant leap from the $908 million recorded during the same quarter last year.
Thermo Fisher Scientific surpassed quarterly earnings expectations, reporting a profit of $1.72 billion as a wave of new product launches bolstered the company's financial performance. Revenue climbed 9% to $12.14 billion for the period ending September 26, effectively outpacing the $11.95 billion projected by analysts.
Investors look to Thursday’s third-quarter earnings report to determine if L'Oreal can maintain its aggressive growth trajectory. Analysts expect the French cosmetics titan to post 11.23 billion euros in sales, a significant climb from the 10.33 billion euros recorded during the same period last year.
Bryan DeBoer, the long-standing president and chief executive of Lithia Motors, has been appointed to the additional role of chairman. The move signals a formal leadership consolidation at the Medford-based auto retailer, aiming to tighten the connection between the company’s executive management team and its governing board of directors.
Higher premium yields and surging revenue from its pharmacy division pushed Elevance Health to raise its full-year earnings outlook, despite a contraction in total membership. The insurer reported third-quarter net income of $1.34 billion, handily beating analyst expectations as medical costs stabilized across its key coverage plans.
With Roche Holding shares climbing 18% since January, the Swiss pharmaceutical giant faces a critical test on Thursday as it reports third-quarter sales. Analysts anticipate revenue of 15.77 billion Swiss francs, yet investor focus remains squarely fixed on the impending regulatory decisions for its breast-cancer treatment, giredestrant.
A faulty fuel tube connection near the fuel tank has prompted Toyota to recall nearly 106,000 vehicles. The National Highway Traffic Safety Administration warned that the defect could lead to a fuel leak, creating a significant fire hazard if exposed to an ignition source during vehicle operation.
Trading activity across CME Group’s exchanges reached 29.4 million contracts per day this quarter, driving a significant profit jump that surpassed analyst expectations. The financial derivatives operator secured $1.04 billion in net income, fueled by a sharp rise in transaction fees and a robust expansion in market data revenue.
A cooling private-equity landscape has tempered Moody’s latest quarterly growth, even as the firm maintains its long-term financial trajectory. While investment-grade issuance surged on the back of AI-driven infrastructure demand, the credit-ratings giant fell short of Wall Street expectations for revenue and adjusted earnings per share.
With NATO procurement mandates accelerating, Bank of Montreal has appointed Michael Bonner as enterprise chair to steer a massive C$70 billion capital push. Bonner will manage the bank’s expansion into national security industries, serving as the primary liaison between the lender, government agencies, and defense-sector trade associations.
Lithia Motors shareholders will see a 7.1% increase in their quarterly dividend, with the Medford-based auto retailer raising the payout from 70 cents to 75 cents per share. This adjustment brings the company's annual dividend commitment to $3, reflecting a modest uptick in yield for investors.
A 4.5% slide in early Paris trading followed Michelin’s admission that third-quarter sales volumes fell by 0.6%, defying analyst expectations of modest growth. The French tire manufacturer now faces a cooling market, with management abandoning hopes for a volume rebound before the end of the fiscal year.
A 13% plunge in Paris trading greeted Carrefour’s decision to slash its annual profit guidance, as the retail giant struggles against the fallout of widespread civil unrest across France. The company now anticipates a thinner margin expansion, citing the direct impact of vandalism and mandatory curfews on its core domestic business.
Thailand’s SCG Chemicals is scheduled to take its Map Ta Phut cracker offline for a month-long maintenance cycle this November. The facility, which processes 900,000 metric tons of ethylene annually, is slated to resume operations by mid-December, according to industry sources familiar with the company's regional production strategy.
With the conflict between Iran and the U.S. entering its eighth month, Dubai’s largest lender, Emirates NBD, reported a 1.5% drop in third-quarter profit. While the bank managed to grow its operating income by 13%, surging expenses and cooling logistics activity across the Persian Gulf have begun to erode margins.
A fresh job posting on LinkedIn signals that Moonshot AI, one of China’s most prominent generative AI startups, is preparing to establish a footprint in Singapore. The Beijing-based firm is actively recruiting professionals with expertise in sales, venture capital, and engineering to spearhead its commercialization efforts across the Southeast Asian market.
Google and McKinsey have secured a decade-long deal to purchase 320,000 metric tons of carbon removals from Working Trees. The agreement, facilitated by the Symbiosis Coalition, aims to restore 8,700 hectares of degraded cattle pasture across Brazil’s Amazon and Cerrado regions by integrating native timber with active livestock grazing.
A 42% collapse in NextDC’s share price has sent shockwaves through the data center sector, forcing the Australian operator to abandon expansion plans and consider asset sales. The move follows a forced work suspension at a critical Melbourne facility, highlighting growing community and grid-capacity resistance against AI-driven infrastructure projects.
Net profit at Adjuvant Cosme Japan surged to 32 million yen for the six-month period ending September 20, more than doubling the 15 million yen recorded a year earlier. Despite the sharp jump in bottom-line performance, top-line growth remained stagnant as the company grappled with shifting market conditions.
A sudden power outage at South Korea’s Daesan refining complex forced Hyundai Oilbank to temporarily halt critical processing equipment on Tuesday. The disruption briefly silenced the facility's primary 160,000 b/d crude distillation unit and a 50,000 b/d delayed coking unit before technical teams restored stability to the site.
With money markets pricing in an 85% probability that the Federal Reserve will hold interest rates steady at its October 28 meeting, U.S. Treasury yields climbed during Asian trading hours on Wednesday, reversing the previous session's losses that followed disappointing housing market data.
A 700 million-euro deal to offload Telecom Italia’s submarine-cable unit, Sparkle, faces another postponement as negotiations drag into the winter. The company confirmed late Tuesday that talks with the Italian Ministry of Economy and Finance and Asterion Industrial Partners' Retelit will resume on November 20 to finalize the transaction.
