Chevron inherited the pipeline company with its Hess purchase; this deal trades an accounting loss now for lower operating costs in North Dakota and a balance sheet without $3.7 billion of consolidated debt, and the…
For Frasers the outlay is small, about $80 million, but it follows a pattern: the owner of Sports Direct takes holdings in brands it sells, which has in the past led to closer supply arrangements or, as with Hugo Boss…
This is one of the largest media mergers on record and removes an independent studio and streaming service from the US market. With about $80 billion of debt, Skydance's finances rest on the $6 billion of savings and…
Option Care gives infusion drugs at home and in clinics instead of hospitals, a channel insurers favour because it costs less. McKesson, which already distributes specialty drugs, gains a stake in the provider that…
The deal moves Uber Eats from single consumer orders into group and corporate orders, where the ticket is many times larger. Restaurant chains that sell catering gain a bigger ordering channel but also deal with one…
Epcoritamab, sold as EPKINLY in the US and Japan and TEPKINLY in the EU, is approved so far for lymphoma that has returned after earlier treatment. A first-line label would open a much larger group of patients, and…
It is another consolidation deal in North American heavy oil at a time when Brent is near $100. Cenovus is paying mostly in cash from its balance sheet and short-term borrowing, and says net debt at the end of 2026…
The deal joins two of the largest US truck brokers at a time when freight rates are weak. C.H. Robinson is aiming for about $300 million of run-rate cost savings within two years of closing and says RXO's shipment data…
This confirms the weekend's reports at a higher figure than the roughly $20 billion first mentioned. Schneider's shares fell about 9% in Paris as investors weighed the cost: the company projects about €250 million of…
At about $20 billion this would be a very large purchase for a company whose core business is electrical equipment and industrial automation, and it would move Schneider further into software, where revenue is…
Fuel is the airlines' largest variable cost and most US carriers do not hedge it, so a move of this size goes straight to operating margins. Cutting flights protects fares on the remaining seats and reduces demand for…
Lennar is one of the two largest US homebuilders and reports a month ahead of most peers, so its orders and margins are an early reading for the group. The figures show the cost of keeping sales moving at these…
The deal joins two mid-sized landlords of moderately priced apartments, with 58% of combined operating income from the Sunbelt, 27% from the Midwest and 15% from the Mountain West. For listed apartment owners it is…
Castings are one of the tightest points in the jet-engine supply chain, and GE's chief executive tied the purchase to simultaneous demand from new commercial engines, the aftermarket and defence. Bringing a major…
Walmart is the largest US retailer and grocer, so its quarter is the broadest single reading of household spending on everyday goods. Growth came mostly from more visits and from online orders, with comparable sales…
A price below book value is a marker of where smaller US homebuilders were being valued while mortgage rates stayed high. The deal continues consolidation in the sector, where scale lowers land, labour and materials…
The two largest US oil companies show how the Hormuz disruption passed through the Energy sector: higher crude prices lifted production earnings and wider margins lifted refining earnings at the same time. Other US…
The five banks set the tone for the Financials sector: their trading and deal-fee lines are shared with other brokers and investment banks, and their credit-quality readings are the first look at how card and loan…
Delta is the first big US airline to report each season, so its numbers are read across the group. They show the mechanism at work in the sector: jet fuel, the largest variable cost, rose by about three quarters, and…
Dominion's territory includes Loudoun County, Virginia, the world's largest concentration of data centres, so the deal puts a big slice of AI-driven power demand inside one regulated utility. It sets a valuation marker…
Spirit's exit removes a low-fare competitor from many leisure routes, giving larger listed carriers such as United, Delta, American, JetBlue and Frontier room to absorb its passengers, although several agreed to cap…
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