Latest Corporate News News
SpaceX Announces IPO, Boosting Extraterrestrial Markets
SpaceX has announced plans for an IPO, supercharging markets related to rocket launches and space ventures. This move is expected to propel financial markets 'to the moon and beyond' amid expanding operations. Investors are watching closely as it coincides with positive equity market trends.
General Fusion to Go Public via $1B SPAC Merger
General Fusion entered a business combination with Spring Valley Acquisition Corp. III, implying a $1B pro-forma equity value including $105M PIPE and $230M trust capital. The deal, approved by both boards, expects Nasdaq listing as 'GFUZ' in mid-2026, marking the first pure-play fusion company publicly traded. It has raised over $400M previously from top investors.
Loar Holdings Acquires Harper Engineering for $250M
Loar Holdings Inc. (NYSE:LOAR) completed the cash acquisition of Harper Engineering Company for $250M, financed via borrowings and cash on hand. The deal offers $30M tax benefits and strengthens Loar's aerospace positions with Harper's line-fit on leading aircraft. CEO Dirkson Charles highlighted growth in commercial build rates.
ATB Financial Names Chris Turchansky as New CEO
ATB Financial's board selected Chris Turchansky as next president and CEO, effective January 1. Turchansky brings extensive experience to the role amid leadership transitions in Canadian finance. This follows other executive moves in the sector.
RBC Global Asset Management Appoints Stu Kedwell as Global CIO
Stu Kedwell will become global chief investment officer at RBC Global Asset Management in January, after nearly 30 years with RBC. He replaces retiring Dan Chornous, signaling continuity in investment leadership. Kedwell's promotion underscores long-term internal development.
Netflix Pauses Buybacks to Fund Warner Bros. Deal
Netflix reported mixed Q4 earnings with EPS of $0.56 and $12.05B revenue, beating estimates slightly, and surpassed 325M subscribers. The company amended its Warner Bros. deal to all-cash and paused share buybacks to finance it, while expecting ad revenue to double in 2026. Priorities include live sports and podcasts.
M&A Mega Deals Surge in 2025, Outlook Strong for 2026
2025 saw a boom in mega deals over $10B, including $55B Electronic Arts buyout, $80B+ Warner Bros. war, and $85B Union Pacific-Norfolk merger. Experts predict acceleration in 2026 driven by AI, PE, and declining rates. Sponsor confidence is rising for transformative transactions.
MCAN Financial Appoints New Executives Including Aaron Core as CRO
MCAN Financial named Aaron Core as chief risk officer and Michelle Liotta as VP and chief people officer. Core joined from Home Trust, bolstering risk management. These appointments aim to strengthen governance.
Altus Group Hires Rich Sarkis as Chief Marketing Officer
Altus Group appointed Rich Sarkis as CMO effective immediately, following its Reonomy acquisition. Sarkis brings marketing expertise to drive growth. The move aligns with strategic expansions.
Colliers Rebrands Investment Arm as Harrison Street Asset Management
Colliers rebranded its investment-management division to Harrison Street Asset Management (HSAM), with Christopher Merrill as Global CEO and Zachary Michaud as managing partner and CFO. Merrill is co-founder of Harrison Street. This enhances its real estate investment profile.
Intel Shares Slide 12% on Cautious Guidance Post-Earnings
After the bell, Intel dropped nearly 12% due to cautious 2026 guidance and supply constraints, keeping earnings in focus amid tech sector volatility. This follows a market bounce led by Meta's 5.7% gain. Broader earnings season looms with Microsoft, Tesla next.
Micron Advances $100B New York Chip Complex
Micron broke ground on a massive New York chip-making facility projected at $100B, after tripling shares in the past year. As Taiwan's largest foreign investor, it expands U.S. manufacturing. This supports global semiconductor push.