Latest Corporate News News
OceanFirst Financial Corp. and Flushing Financial Corp. Announce Merger Agreement
OceanFirst Financial Corp. and Flushing Financial Corp. announced a merger agreement on January 4, 2026. The deal aims to combine the two New Jersey-based banks, with headquarters in Red Bank and Uniondale. This merger reflects ongoing consolidation in the U.S. regional banking sector.
Marelli Automotive Supplier Files for Chapter 11 Bankruptcy
Marelli, a KKR-backed auto supplier with $11.5 billion in acquisitions, filed for Chapter 11 with $4.9 billion in debt due to COVID impacts, tariffs, and EV market volatility. DIP lenders will own 100% of the reorganized company upon 2026 emergence.
The bankruptcy follows KKR's 2016-2019 roll-up of Calsonic Kansei and Magneti Marelli.
Leapfrog Acquisition Corporation Lock-Up Agreement Expires Today
435,000 units of Leapfrog Acquisition Corporation end a 31-day lock-up on January 4, 2026, from December 4, 2025. Initial shareholders face restrictions until one year post-business combination or share price hits $12.00 for 20 trading days.
Permitted transferees remain bound by the same terms.
Chinese AI Firms Zhipu and MiniMax Rush Dual IPO Filings Amid Cash Burn
Zhipu AI and MiniMax filed IPOs last week due to severe cash burn: Zhipu at ¥300 million monthly, MiniMax at ¥2 billion. Zhipu revenue grew 130% CAGR to ¥312 million in 2024; MiniMax surged 782% to $30.5 million.
Both validate models but race against runway exhaustion.
Google's AI Capex Surges to Exceed Net Profit
Google plans $60 billion annualized capex in 2026, up sharply since ChatGPT, with $85 billion cumulative since late 2022 on AI. This marks a shift where capex now tops net profit, versus 25% pre-AI.
Spending reflects intense AI infrastructure competition.
No Major Corporate Earnings Released Globally on January 4
The corporate calendar is empty today—no S&P 500, Euro Stoxx 50, Nikkei 225, or MOEX firms report on this Sunday. Q3 2025 season ended in November; Q4 starts mid-January with banks and tech.
Holiday period sees neutral business news backdrop.
US Q4 2025 Earnings Season Approaches with Optimism
Major US banks and tech giants begin Q4 2025 reports in late January; forecasts positive on consumer demand and easing inflation. Q3 2025 beat expectations: Microsoft cloud revenues soared, Walmart retail strong.
Investors cautiously optimistic.
Europe Corporate Reporting Quiet Before February 2025 Full-Year Results
European Q4/full-year 2025 results start in February; January macro-focused. Q3 showed banks profiting from high rates, industrials hit by energy costs.
Investors await PMI and confidence data for Q1 profit outlook.
Asia Markets Closed; China PMI Signals Moderate Services Growth
Key Asian exchanges closed January 4; China December PMI shows services growth amid weak industry recovery. Authorities pledge 2026 stimulus for stabilization.
Japan Nikkei at highs on weak yen, BOJ loose policy aiding exporters.
European Banks Show Profit Growth in Q4 Amid High Rates
European banks reported Q4 profit increases from prior high rates. Industrial firms faced cost hikes from expensive energy.
Mixed dynamics as investors eye early January macro data.
Auto Supplier Sector Faces Multiple Restructurings Like Marelli
Marelli joins Northvolt, Fisker, First Brands Group, Bosch, ZF in auto woes. Bosch cuts 22,000 jobs; ZF plans 14,000 by 2030.
Tariffs added $219 million costs for some.
US Oil Majors Eyed for Infrastructure Investments
Large US oil companies, the world's biggest, may invest billions to fix broken infrastructure. Comments highlight transition opportunities amid global energy shifts.
Ties into broader business and energy news.