Latest Corporate News News
Intel Shares Plunge 17% on Disappointing Guidance
Intel's share price dropped as much as 17% on Friday due to disappointing guidance and struggles meeting AI chip demand. This corporate setback contributed to sector performance divergence amid broader market volatility.
Investors await earnings from other tech giants this week.
Tesla CEO Musk Announces FSD Approvals and Robotaxi Plans
At Davos, Elon Musk revealed full self-driving approval expected in Europe and China by February, US robotaxi deployment by year-end, and Optimus rollout by 2027 end. The news boosted Tesla shares 4% on Thursday.
This highlights ongoing AI and autonomy advancements.
Smithfield Foods Acquires Nathan's Famous for $102/Share
Smithfield Foods agreed to buy Nathan's Famous at $102 per share, eliminating future royalty fees and securing brand ownership. The deal leverages existing supply chains with no integration risks and diversifies protein portfolio.
Closure expected in H1 2026 pending regulatory approval.
Verizon to Acquire Frontier Communications
Verizon Communications announced acquisition of Frontier Communications Parent Inc on January 20, 2026. This telecom merger aims to expand Verizon's fiber network capabilities.
Details on deal value remain pending further announcements.
Autonation Acquires Truecar Inc
Autonation Inc is acquiring Truecar Inc as part of multiple bids on January 21, 2026, including from Zurich Insurance and others. The auto marketplace deal reflects consolidation in automotive retail.
Premiums in such take-private agreements exceed 50%.
Energy Fuels Acquires Australian Strategic Metals
Energy Fuels entered a scheme to buy Australian Strategic Metals at $1.60 per share, fueling resources sector M&A momentum. Global M&A volumes hit up to $3 trillion in 2025, continuing into 2026.
This targets strategic metals for energy transition.
Tivan Completes Molyhil Tungsten Project Acquisition
Tivan finalized purchase of Molyhil from FRAM JV for $8.75M in tranches through 2028. Thor Energy receives bulk of payments, aiding its Hy-Range project.
The deal boosts Tivan's critical minerals portfolio.
IFC Invests $166M in Sri Lankan Businesses
International Finance Corporation announced $166M to support Sri Lanka's private sector and economic growth. This high-impact program aids transition from stabilization to sustainability.
IFC committed record $71.7B globally in FY2025.
Union Pacific-Norfolk Southern Merger Delayed by Regulator
US Surface Transportation Board rejected Union Pacific's merger filing with Norfolk Southern due to missing market projections and documentation. The January 16 decision raises approval hurdles significantly.
STB demands detailed integration and traffic analyses.
Towerbrook Capital Buys Stake in Solis Mammography
Towerbrook Capital acquired a controlling stake in imaging provider Solis Mammography from Madison Dearborn Capital. This private equity shift bolsters healthcare diagnostics investments.
Terms of the deal were not disclosed.
Pop Mart Launches First Buyback in Two Years
Pop Mart shares surged 23% after announcing its first share buyback program in two years. The move supported positive corporate developments in Asian markets.
Baidu and Alibaba also rallied on AI and restructuring news.
Merck Acquires Cidara Therapeutics
Merck & Co acquired Cidara Therapeutics on January 6, 2026, strengthening its pharma pipeline. This biotech deal is part of early 2026 M&A wave.
Further details on integration expected soon.