Latest Corporate News News
Dow Jones Closes Above 50,000 for First Time
The Dow Jones Industrial Average surged 1,206.95 points or 2.47% to close at 50,115.67 on Friday, marking the first time it exceeded 50,000 amid tech recovery and bitcoin rebound. The S&P 500 rose 1.97% to 6,932.30 and Nasdaq advanced 2.18% to 23,031.21, though weekly declines persisted in some indices.
Evercore Reports Record Revenue Amid M&A Rebound
Evercore generated $3.88 billion in 2025 revenue, driven by advisory on five of the fifteen largest global deals, with total M&A value hitting $4.5 trillion. Backlog entering 2026 is at an all-time high, fueled by megadeals like Union Pacific's $85B bid for Norfolk Southern.
AIG Completes Stakes in Convex Group and Onex
AIG acquired 35% of Convex Group for $2.1 billion and 9.9% of Onex Corporation. These moves strengthen AIG's position in specialty insurance and asset management.
Mid Penn Bancorp Gets Approval for 1st Colonial Acquisition
Mid Penn Bancorp and 1st Colonial received regulatory approvals for a $101 million cash-and-stock deal. This will expand Mid Penn's banking operations.
ETi Gıda Acquires TRUBAR for $173 Million
Turkish snack giant ETi Gıda bought 100% of protein bar brand TRUBAR for $173 million in cash. The deal positions TRUBAR for North American growth.
UiPath Acquires WorkFusion for Financial AI Boost
UiPath acquired WorkFusion to enhance agentic AI solutions for financial services and banking. This strengthens its industry-specific portfolio.
Matt Bowers Automotive Buys Indiana Dealership
Matt Bowers Automotive Group acquired Asbury Automotive's Brownsburg, IN Chrysler Dodge Jeep Ram dealership. Hacman Financial advised on the transaction.
Rio Tinto and Glencore Resume $260B Merger Talks
Rio Tinto and Glencore restarted negotiations for a $260 billion merger to create the world's largest mining company, focusing on copper for energy transition. Discussions address past issues on leadership and premiums.
Fifth Third Bancorp Completes Comerica Merger
Fifth Third Bancorp finalized its merger with Comerica, forming the ninth-largest U.S. bank with $294 billion in assets. This consolidates their market presence.
Oil & Gas Majors Complete Major Consolidations
ExxonMobil's $64.5B Pioneer acquisition boosted Permian output to 1.3M boe/d; ConocoPhillips bought Marathon Oil for $22.5B; Chevron closed $53B Hess deal after arbitration.
Global Bond Sales Hit $1 Trillion Record Pace
Publicly syndicated bond issuance reached $1 trillion on Feb. 2 at the fastest pace ever. Fed finalized 2026 stress test scenarios similar to proposals.