Latest Corporate News News
Associated Banc-Corp to Acquire American National Corporation
Associated Banc-Corp announced a definitive agreement to merge with American National Corporation in an all-stock deal valued at $604 million. The merger, approved by both boards and major shareholders, is expected to close in Q2 2026 after regulatory approval, expanding Associated's presence in strategic markets.
Omnicom Completes Acquisition of Interpublic Group, Announces 4,000 Layoffs
Omnicom finalized its $9 billion acquisition of Interpublic, creating the world's largest advertising agency group with combined annual revenues exceeding $25 billion. The integration involves cutting over 4,000 jobs and closing multiple agencies to realize cost synergies, with new leadership and company structure unveiled.
Nvidia Unveils New AI Software to Accelerate Self-Driving Car Development
Nvidia introduced Alpamayo-RI, an open-source AI software translating sensor data from autonomous vehicles into natural language descriptions, alongside announcing a $2 billion investment into Synopsys, enhancing electronic design automation capabilities.
Canon Closes Its China Printer Factory Amid Rising Competition
Japan's Canon shut its printer plant in Zhongshan, China, after losing significant market share to domestic brands. Canon's share dropped to 6.4% in China as local laser printer manufacturers reached 42% market share by 2024.
Leapmotor Reports 75% Surge in November Vehicle Deliveries While Li Auto Declines
Chinese electric vehicle maker Leapmotor saw November deliveries rise 75% year over year to 70,327 vehicles, launching the Lafa5 sports coupe. In contrast, competitor Li Auto experienced a 32% decrease to 33,181 deliveries.
Gildan Completes $2.2 Billion Acquisition of Hanesbrands, Doubling Scale
Gildan finalized its acquisition of Hanesbrands, aiming at $200 million run-rate cost synergies and combining iconic apparel brands. Hanes shareholders receive cash and stock, owning 19.9% of the combined company, expanding Gildan's market footprint.
OPEC+ Maintains Production Pause Amid Venezuela Tensions
OPEC+ decided to continue pausing oil production increases during Q1 2026, responding to uncertainties including potential US military action in Venezuela. Brent crude prices rose 1.6% to $63.35 per barrel following the announcement.
Global Manufacturing Activity Weak Except for Southeast Asia and UK
Manufacturing sectors contracted globally in November, with only Southeast Asia and the UK registering growth. US manufacturing activity shrank for the ninth consecutive month, indicating subdued domestic demand and tariff-related uncertainty.
European Stocks Down; ASML Gains Amid Quality Concerns on Airbus Jets
European shares fell on December 2, weighed by industrials including Airbus, which reported new quality issues on its A320 jets. Meanwhile, ASML shares rose 2.6% due to a positive analyst update and precious metals miners gained.
Fujitsu Develops New Technology to Enhance Human–Robot Collaboration
Fujitsu announced innovative technology aimed at facilitating safer and easier collaboration between humans and robots in manufacturing settings, highlighting progress in industrial automation and AI integration.