Latest Corporate News News
Big Tech Stocks Plunge on $660B AI Spending Plans
Major tech firms faced heavy selloffs after announcing $660 billion in AI capital expenditures this year, raising investor concerns over earnings potential. The 'breathtaking' spending is outpacing new technology revenues. Software stocks like Salesforce and ServiceNow extended losses to debt markets amid AI disruption fears.
Software Company Bonds Drop Amid AI Coding Tool Worries
Shares and now bonds of large software firms such as Salesforce and ServiceNow are declining due to fears of disruptive AI coding tools. The selloff in software stocks has spread to debt markets. Investors worry about the impact on traditional software models.
Volvo Cars Shares Plunge 25% on Earnings Miss
Volvo Cars' stock dropped as much as 25% after Q4 earnings disappointed, fueling fears for Europe's auto industry. EU industry chief warned the sector is 'in mortal danger.' This highlights broader challenges in European manufacturing.
BYD Suffers $60 Billion Market Wipeout in China EV Slump
BYD Co. shares faced a relentless selloff, erasing $60 billion in value, amid cooling domestic demand and rising raw material costs. This signals deeper turmoil in China's electric vehicle sector. Investor anxiety focuses on profit outlooks.
Mitsubishi Motors Reports Net Loss on U.S. Tariffs Impact
Mitsubishi Motors posted a ÂĄ4.49 billion net loss for April-December due to U.S. tariffs, with global sales down 6% to 589,000 units. Sales fell in Southeast Asia, North America, and Europe. The results were released Thursday.
Flowserve Acquires Trillium Valves Division for $490M
Flowserve agreed to buy Trillium Flow Technologies' Valves Division for $490 million in cash, advised by Baker McKenzie. The deal expands Flowserve's portfolio in power, nuclear, and infrastructure markets. Closure expected in Q2 2026.
Genius Sports to Acquire Legend for Up to $1.2 Billion
Genius Sports (NYSE: GENI) signed a deal to acquire digital sports media network Legend for up to $1.2 billion, including $900M upfront and $300M earnout. Kirkland & Ellis advised on the transaction. Expected to close in Q2 2026.
Navacord and Acera Complete Merger in Canadian Insurance
Navacord Corp. and Acera Insurance Services Ltd. finalized their merger, creating one of Canada's largest private insurance brokerages. The deal aims to blend national scale with local service. It strengthens their market position.
Compass Digital Amends $230M Key Mining Merger Agreement
Compass Digital Acquisition Corp. signed Amendment No. 1 to its merger with Key Mining on February 5, 2026, clarifying total consideration at $230M after fixing a drafting error. The update ensures accurate terms.
Qorvo and Skyworks Receive FTC Second Requests on Merger
On February 5, 2026, Qorvo and Skyworks each got a 'Second Request' for additional information from the U.S. FTC regarding their merger review. This extends regulatory scrutiny.
Global Trade Downturn Eases with Stabilizing Goods Flows
Global trade contraction softened at 2026's start, with manufacturing goods near-stabilizing per PMI data. Goods production rose sharply, led by new orders. Services trade declined further, especially in the U.S.
U.S. Labor Market Shows Cracks with Surging Layoffs
U.S. JOLTS job openings fell to 6.542M versus 7.200M expected, initial claims hit 231K, and Challenger layoffs spiked sharply. This signals weakening employment trends.