Latest Corporate News News
U.S. Bank Lowers Prime Lending Rate to 6.75%
U.S. Bancorp announced a decrease in its prime lending rate from 7.00% to 6.75%, effective December 11, 2025, aiming to ease borrowing costs amid economic shifts.
Leading Networking Firms Execute Major Acquisitions in 2025
Key acquisitions include Akamai buying Fermyon, Arista acquiring VeloCloud to enhance SD-WAN, AT&T purchasing Lumen's Mass Markets fiber business for $5.75B, and Cisco's AI-focused acquisitions of EzDubs and NeuralFabric, reflecting industry consolidation around AI and networking technologies.
RIMAN Expands Global Presence Ahead of Japan Market Entry
The K-beauty brand RIMAN is accelerating its expansion across North America, Asia, and Europe, highlighted by its proprietary Giant BYoungPool ingredient receiving 20-year U.S. Plant Variety Protection.
Sunoco Completes $9.1 Billion Acquisition of Parkland Corp.
Sunoco finalizes the acquisition of Canadian Parkland Corp., gaining over 3,600 retail sites across North America and significantly expanding its convenience store network.
Azul Acquires Payara to Enhance Java-based Enterprise Solutions
Azul announced the acquisition of Payara, a global provider of Jakarta EE and microservices solutions, aiming to strengthen its enterprise Java offerings and cloud services portfolio.
TechStar Acquisition Company Completes Merger with Seyond
TechStar finalized its de-SPAC merger with Seyond, now publicly listed on the Hong Kong Stock Exchange with a valuation around $1.67 billion and raising approximately $133 million in private equity.
IKIGAI Corporation Opens New Headquarters in Vietnam
Japan-originated IKIGAI Corporation launched its new Vietnam headquarters to support multi-sector expansion across fintech, technology, real estate, and promote Japan-Vietnam collaboration and sustainability.
Mars Finalizes Historic Acquisition of Kellanova, Creating Snacking Giant
Mars received EU approval and completed its acquisition of Kellanova, forming one of the largest food conglomerates with combined revenues of $36 billion in the global snacking market.
Federal Reserve Lowers Interest Rate on Reserve Balances to 3.65%
The Federal Reserve reduced the interest rate paid on reserve balances by a quarter point to 3.65%, effective December 11, as part of monetary policy adjustments supporting economic objectives.
WTW to Acquire Newfront for $1.3 Billion in Cash and Equity Deal
Global advisory firm WTW signed a definitive agreement to acquire specialized U.S. broker Newfront for $1.3 billion, combining broking expertise with advanced technology to drive growth.