Latest Corporate News
US Multinational Companies Exempt from OECD Global Minimum Tax Deal
The OECD finalized a deal exempting US-based multinationals from the 15% global minimum corporate tax, following negotiations by the Trump administration with G7 nations. Nearly 150 countries agreed to curb profit shifting to low-tax havens, but US firms like Apple and Nike are now excluded. US Treasury Secretary Scott Bessent hailed it as a victory for American sovereignty.
Tesla Reports 8.4% Decline in 2025 Global EV Sales
Tesla sold 1.64 million EVs in 2025, down 8.4% from 1.79 million in 2024, marking the second straight year of decline, with Q4 sales at 418,227 vehicles. China's BYD overtook as leader with 28% sales surge to 2.26 million, expanding in Europe and Latin America. Investors eye Tesla's upcoming Robo-taxi expansion despite Waymo's lead.
Cozen O'Connor Completes Merger with Moss & Barnett
Am Law 100 firm Cozen O'Connor merged with Minneapolis-based Moss & Barnett, adding over 50 attorneys and boosting its Midwest presence to 120 lawyers. The deal expands practices in regulatory, transactional, real estate, and finance, targeting Twin Cities' Fortune 500 hub. Firm now exceeds 1,000 attorneys across 35 offices.
ESL Federal Credit Union Acquires Generations Bank for $26.2M
ESL completed its $26.2 million acquisition of Generations Bancorp NY assets, expanding in Greater Rochester and Finger Lakes after regulatory approvals. The deal closed January 1, enhancing ESL's regional footprint in banking services.
Hyundai and Develon Merge to Form HD Construction Equipment
Hyundai Construction Equipment and HD Hyundai Infracore (Develon) merged effective January 1, creating Korea's largest construction equipment firm with $5.5 billion sales. The new entity aims for $10 billion by 2030, maintaining separate North American dealer networks. Trading of new shares starts January 26.
McCormick & Company Acquires Majority Stake in McCormick de Mexico
McCormick completed a $750 million acquisition of majority ownership in McCormick de Mexico, strengthening its position in the growing Mexican flavor market. The deal will boost 2026 net sales, margins, and earnings, with minimal debt impact. CEO Brendan Foley plans expanded product offerings and categories.
Nichols Cauley Merges with Partners Risk Services and JGH Consulting
Nichols Cauley announced a merger with Partners Risk Services and JGH Consulting, forming a new integrated platform backed by Madison Dearborn Partners. The combination establishes a stronger risk services and consulting entity.
Lower Geopolitical Risks Forecast Bullish for 2026 Stock Market
Emerging signs of de-escalation in Ukraine, Middle East, and Venezuela wars could boost markets, aided by Trump-Zelenskyy talks and reduced EU censorship on tech firms. Thierry Breton, architect of Digital Services Act, faces bans. Tesla's Robo-taxi progress eyed as pivotal.
Canada's Top 100 CEOs Averaged $16.2M Compensation in 2024
Business Matters reports Canada's 100 highest-paid CEOs earned an average of 16.2 million CAD in 2024 amid economic uncertainty. Ontario's new pay transparency rules took effect recently.
Trump Tariffs Prompt Canada's Lumber Industry Metric Switch
Canada's lumber sector shifts to metric system due to impending Trump tariffs, addressing cost uncertainties into 2026.
OECD to Launch Economic Survey of Portugal on January 6
The OECD will release its 2026 Economic Survey of Portugal today, with a press conference at 15:00 local time, assessing corporate and economic outlook.