Business
Rocket Lab reported record Q2 revenue of US$234m and a US$2.4b backlog, while CEO Peter Beck highlighted data centres in space as a growth opportunity following the company's US$8b acquisition of satellite operator Iridium.
Banco do Brasil shares plunge 5% as Q3 profit drops 60% year-over-year
Banco do Brasil's stock fell 5% after reporting Q3 adjusted net income of R$3.7 billion, 60% lower than the previous year, driven by declining ROE and rising d…
HighFormidium marks 10 years with global celebration at Jaipur's City Palace
Fintech company Formidium celebrated its 10th Foundation Day at Jaipur's City Palace with global employees and executives, marking a decade of growth and annou…
HighKeysight Completes Sanjole Acquisition to Strengthen 5G Testing Portfolio
Keysight Technologies completed its acquisition of Sanjole, a wireless protocol decoding specialist, to strengthen its 5G testing and interoperability solution…
HighHobart Earth observation firm Geoneon sweeps Australian Space Awards
Geoneon, a Hobart-based Earth observation company, won three Australian Space Awards including Business of the Year–SME, with CEO Roxane Bandini-Maeder receivi…
HighLG Electronics India debuts with 50% premium in blockbuster IPO listing
LG Electronics India's IPO opened at a 50% premium to its issue price, with shares jumping to Rs 1,715 on BSE. The offering was oversubscribed 54 times, valuin…
HighMusk Delays Starship Catch Plan by Months, Walking Back Earnings Optimism
Elon Musk walked back earlier optimism about catching Starship on its next test flight, now projecting the milestone several months away. The delay underscores…
HighCD Projekt Red Acquires Digital Scapes to Establish Vancouver Studio
CD Projekt Red acquires Vancouver-based support studio Digital Scapes to establish its first Canadian operations, leveraging the team's Cyberpunk 2077 expertis…
HighBlundy's $4.5bn bid to reshape Victoria's Secret faces shareholder test
Australian billionaire Brett Blundy, through his 13% stake in Victoria's Secret, is mounting a campaign to oust chair Donna James ahead of the company's annual…
HighLaw Firm Investigates NorthWestern Energy Sale to Black Hills for Potential Undervaluation
Kahn Swick & Foti LLC is investigating whether NorthWestern Energy shareholders are receiving adequate consideration in the proposed 0.98-share-per-share sale…
HighTransocean Secures Equinor Extension, Bolstering Backlog and Revenue Visibility
Transocean extended its contract with Equinor for the Transocean Encourage rig on Norway's Continental Shelf, covering seven additional wells and strengthening…
HighCityFitness fined $1.12m for hiding compulsory fees in membership ads
New Zealand's largest gym chain CityFitness has been fined $1.12 million by the Commerce Commission for misleading customers about membership costs by advertis…
HighVW advances Europcar bid to $3B as rental giant seeks post-pandemic recovery
Volkswagen-led consortium in advanced talks to acquire French car rental company Europcar for €2.5 billion ($3 billion), potentially announcing deal as soon as…
HighDBS beats Q2 forecasts with 9% profit growth, declares 81-cent dividend
DBS Group reported 9% Q2 profit growth to $3.08 billion, beating forecasts, and declared 81 cents dividend per share. The bank raised full-year guidance citing…
HighSpaceX IPO breaks records as Musk hits trillionaire status; DOJ clears Paramount-Warner merger
SpaceX completed the largest IPO in history on Friday, making Elon Musk a trillionaire, while the DOJ approved Paramount's merger with Warner Bros. Discovery.
HighGranada's iconic rotating restaurant becomes tech company headquarters
Cívica Software will invest €1 million to transform Granada's defunct rotating restaurant into its new headquarters, symbolizing the city's shift toward a tech…
HighEpic Games Store Names Battle.net Veteran as New Boss, Still Trails Steam's 74% Share
Epic Games appointed Battle.net veteran Martin Keely as new VP of Epic Games Store, replacing Steve Allison. Despite $1.16B revenue and $400M third-party spend…
HighOshkosh's Margin Slip to 6.2% Challenges Growth Narrative
Oshkosh reported FY2025 results with 6.2% net margin, down from 6.4% year-over-year, while quarterly EPS declined to $2.11 from $2.35, testing investor optimis…
HighXbox CEO signals need for third-party exclusives and M&A to compete across platforms
Xbox's new CEO signals the company needs third-party exclusives and potential acquisitions to compete across hardware, PC, mobile, and streaming platforms whil…
HighApple's EU App Store Fee Cut Resolves Regulatory Fight, But Financial Impact Is Minimal
Apple cut its EU App Store commission from 30% to 26% and replaced contested per-install fees with a flat 5% charge, resolving a two-year regulatory battle wit…
HighCCC Intelligent Solutions Secondary Offering Priced at $7.79 Per Share
CCC Intelligent Solutions priced a secondary offering of 37.3 million shares at $7.79 per share, with Advent International affiliates divesting their stake in…
HighRebel Wolves Eyes Second IP After Dawnwalker Launch, Following CDPR Model
Rebel Wolves CEO Konrad Tomaszkiewicz plans to develop multiple game IPs in rotation, following CD Project Red's model of balancing franchises like Witcher and…
HighAgility Robotics to Go Public in $2.5B SPAC Deal
Oregon-based robotics company Agility is going public through a $2.5 billion SPAC merger, marking a major milestone for the humanoid robot industry.
HighAI cited as top reason for layoffs, but some companies rehire after realizing tech can't replace workers
Companies increasingly cite AI as the primary reason for layoffs, though some are rehiring workers after discovering AI cannot fully replace human labor, raisi…
HighInstagram CEO Denies Hiding Teen Safety Feature Usage Data in Meta Trial
Instagram CEO Adam Mosseri testified in a children's addiction trial that the company did not hide low usage data on teen safety features, contradicting allega…
HighAcer Pivots Beyond PCs With AI, Upgrades and New Business Ventures
Acer is expanding its Philippine operations beyond traditional PCs by investing in AI-enabled devices, industrial computing, smart healthcare, and home applian…
HighRivian cuts hundreds of jobs week after R2 launch in push for profitability
Rivian laid off hundreds of workers, representing less than 2% of its staff, days after launching its new R2 electric vehicle model as the company pursues prof…
HighInsulet Beats Q1 Earnings, Raises 2026 Outlook on Omnipod Momentum
Insulet exceeded Q1 earnings expectations with $1.42 EPS and $761.7M revenue, raising its 2026 sales outlook to $3.277-$3.331B driven by strong Omnipod platfor…
HighLucid suspends production guidance as Q1 inventory buildup forces strategy reset
Lucid Motors suspended production guidance after Q1 results missed estimates, citing excess inventory and incoming CEO's business review. The EV maker faces co…
HighParamount clears EU hurdle in $110B Warner Bros merger; US approval uncertain
Paramount has secured European Union approval for its $110 billion acquisition of Warner Bros, though regulatory challenges remain in the United States.
HighApple's first touchscreen MacBook Pro confirmed for late 2026 launch
Apple's first touchscreen MacBook Pro is now "100% confirmed" by a Chinese leaker, with mass production expected in 2026 and launch in late 2026 to early 2027,…
MediumParag Parikh Fund Doubles Down on HDFC Bank Despite 17% March Plunge
Parag Parikh Flexi Cap Fund purchased 2.33 crore HDFC Bank shares during March's 17% stock decline, following leadership concerns. The fund also increased posi…
HighASIC sues Super Retail ex-CEO for failing to disclose office romance
Australia's ASIC is suing Super Retail Group's former CEO Anthony Heraghty for allegedly misleading the board and market about an undisclosed relationship with…
HighSony Halts PC Ports of Single-Player Games Due to Weak Revenue, Hulst Says
Sony is ceasing PC ports of first-party single-player games after determining they weren't generating sufficient revenue, according to statements by PS Studios…
MediumEpic Games CEO: Apple Blocking Fortnite From App Store Until All Appeals Exhausted
Epic Games CEO Tim Sweeney claims Apple is refusing to reinstate Fortnite on iOS despite a federal court injunction allowing alternative payment methods, citin…
HighFrom underprivileged roots to $3B in sales: how young agent built Ray White empire
Jared Cooksley built a $3 billion real estate sales operation from scratch at 25 with no family backing, crediting supportive leadership, top-tier agents, and…
HighDe boia-fria a CEO: Claudio Dias vende Magis5 para Sankhya após transformação empresarial
Claudio Dias, que trabalhou como boia-fria na lavoura, fundou a Magis5, plataforma de integração de marketplaces com 110 funcionários e 1.000+ clientes, que fo…
HighRuffalo Faces Antisemitism Accusations Over Paramount Merger Criticism
Actor Mark Ruffalo is accused of antisemitism by the Simon Wiesenthal Center CEO for criticizing a corporate merger involving the Ellison family and Oracle, wi…
MediumIndian corporates post mixed Q3 results; pharma, metals lead gains
Multiple Indian companies announced Q3 FY26 results on February 9, 2026, with widespread profit growth driven by operational efficiency, cost optimization, and…
HighApple Cuts 60 Vision Products Jobs as Smart Glasses Strategy Takes Priority
Apple has laid off approximately 60 employees from its Vision Products Group, including teams working on Siri, Vision Pro immersive video, and gaming, as the c…
HighCosan receives eight bids for Rumo stake sale to cut leverage
Cosan initiated a process to sell its minority stake in logistics subsidiary Rumo, receiving at least eight non-binding proposals from companies including Bung…
HighAcceleratorX ofrece 2.000 clientes reales a startups de IA europeas desde la primera semana
AcceleratorX, a new European AI accelerator backed by CommUnity International, provides startups with access to 2,000 marketing professionals across 30 countri…
MediumAllen & Gledhill Appoints Kevin Wang as Partner, Expands China Practice
Allen & Gledhill announces Kevin Wang's admission as Partner and Head of China Practice, effective May 20, 2026, bringing 15+ years of cross-border M&A and cor…
HighSpaceX Falcon 9 Booster Reaches Historic 10th Flight, Lands Successfully
SpaceX's Falcon 9 booster B1051 achieved a record 10th successful launch and landing, carrying 60 Starlink satellites. The milestone demonstrates the viability…
HighStates sue to block Paramount-Warner Bros. Discovery mega-merger
California and other states are suing to block Paramount's acquisition of Warner Bros. Discovery, citing concerns about consolidation in entertainment and news…
HighGetty Images Surges on OpenAI Partnership Deal
Getty Images shares soared over 120% after announcing a display partnership with OpenAI, granting ChatGPT access to its vast image archive. The deal represents…
HighWalter's legal troubles fuel Dodgers sale speculation amid Lakers exit
Mark Walter's federal loan fraud investigation fuels speculation he may sell the Dodgers to raise funds, potentially triggering Shohei Ohtani's contract opt-ou…
MediumWebzen Unveils Strategy RPG 'PROJECT D1' Adapting Popular Webtoon Series
Webzen subsidiary Crevix is developing PROJECT D1, a strategy RPG based on the Naver Webtoon series 'Tyrant of the Defense Game,' featuring innovative diorama…
HighHonda's First Loss in 70 Years Raises Questions About F1 Commitment
Honda reported its first annual operating loss in nearly 70 years, attributed to a failed electric vehicle strategy bet. The crisis raises questions about the…
HighNextEra sweetens Dominion merger bid with bill credits, 600 Richmond jobs
NextEra Energy has revised its acquisition proposal for Dominion Energy, offering expanded bill credits for Virginia residents and committing to create 600 job…
HighSpanish rural tourism brand Top Rural returns to market under new ownership
The Green Experience has acquired the Spanish tourism brand Top Rural, which disappeared after HomeAway's 2012 acquisition and integration into Vrbo, with plan…
High