Latest Business News
AkzoNobel and Axalta to Merge into $25 Billion Paint Giant
AkzoNobel, the Dulux paint manufacturer, is merging with Axalta Coating Systems to create a $25 billion enterprise. AkzoNobel shareholders will receive a $2.5 billion dividend. This strategic move aims to strengthen their position in the coatings market.
Hyundai Motor Group Pledges Record $85.8 Billion Investment in South Korea
Hyundai plans to invest $85.8 billion over five years in AI, robotics, and electric vehicles. The investment seeks to boost South Korea's innovation and vehicle exports. This is the largest commitment by the group in its home market.
Xiaomi Reports 81% Jump in Q3 Profit Driven by EV Sales
Xiaomi's third-quarter profit surged 80.9% due to strong electric vehicle sales and innovations. The company achieved its first net profit from EV operations in a single quarter. This marks a significant milestone for Xiaomi's expansion into EVs.
Siemens Raises Earnings Forecast on AI and Software Demand
Siemens boosted its outlook to 10,740 euros, driven by 37% growth in digital industries software. Industrial modernization and AI solutions cushioned effects from China market pressures. The company benefits from its software strategy in industrials.
Softbank Q3 Net Income Falls Short of Estimates
Softbank reported third-quarter net income of 248.59 billion yen, well below the 857 billion yen estimate. This miss highlights challenges in their investment portfolio. Earnings season reveals pressures on tech investors.
Enbridge Set to Report Earnings Pre-Market
Enbridge Inc. (ENB) expects $0.60 EPS for Q4 2025, up 13.21% year-over-year. Analysts note a higher P/E ratio than peers, signaling stronger growth. The pipeline giant missed prior quarter estimates.
Connor Teskey Appointed CEO of Brookfield Asset Management
Alternative-investment giant Brookfield Asset Management named Connor Teskey as CEO. This leadership change aims to steer the firm's global strategy. Teskey brings extensive experience in asset management.
Carbon Upcycling Hires Markus Kritzler for Expansion
Calgary-based Carbon Upcycling appointed Markus Kritzler to lead North America and Europe growth. Previously chief revenue officer since 2025, he focuses on recycled-cement plants for construction. The hire supports sustainable expansion.
ATB Financial Names Chris Turchansky as Next CEO
ATB Financial's board selected Chris Turchansky as president and CEO, effective January 1. He will drive the organization's strategic direction. Turchansky has a strong background in financial leadership.
Altus Group Appoints Rich Sarkis as Chief Marketing Officer
Altus Group named Rich Sarkis CMO effective immediately, following the Reonomy acquisition. In 2025, he led software and data as president, launching Argus Intelligence. Sarkis strengthens marketing amid tech integrations.
Mercedes-Benz Expects Margins Under Pressure from Tariffs and China Competition
Mercedes anticipates ongoing margin pressures due to tariffs and fierce rivalry in China. The automaker grapples with market challenges despite broader industrials trends. This outlook tempers earnings expectations.