By Liz Young and Paul BergerFrance's CMA CGM, the world's third-largest container line by capacity, is acquiring FedEx Supply Chain for $1.4 billion in a deal that extends its reach into the growing market for third-party logistics services.The deal announced Wednesday will add about 34 million squ…
National Beverage: Encouraged by Improving Market Dynamics >FIZZ
National Beverage: Market Dynamics Include Lower Commodity Costs, Greater Consumer-Spending Flexibility
By Doc LouallenResideo Technologies said it will spin off its ADI Global Distribution business on Aug. 3.Shareholders of record on July 20 will get one ADI share for every two Resideo shares they own.The distribution will be made as a special stock dividend. The company said it expects the spinoff…
By Jack Pitcher and Shradha DineshStrong manufacturing data and commentary from new Federal Reserve Chairman Kevin Warsh boosted economically sensitive stocks Wednesday.At a conference in Portugal, Warsh dodged questions about whether an interest-rate hike is in the cards this month but said that i…
By Connor HartAdvanced Micro Devices Chief Executive Lisa Su will receive a raise and a stock bonus along with other members of the chip maker's leadership team.AMD set Su's annual base salary for the coming year at nearly $1.38 million, up from about $1.32 million last year, according to a Wednesd…
National Beverage Declares Special Dividend of $3.25 >FIZZ
National Beverage FY26 EPS $1.96 >FIZZ
National Beverage FY26 Sales $1.2B >FIZZ
HOUSTON--(BUSINESS WIRE)--July 01, 2026--Innovex International, Inc. NYSE:INVX ("Innovex") is pleased to announce that it has completed the acquisition of TCO Group AS ("TCO"). Innovex previously announced it had signed an agreement to acquire TCO in a cash and stock transaction valued at $95 milli…
By Anvee BhutaniU.S. stocks were modestly lower Wednesday as investors parsed comments from Federal Reserve Chairman Kevin Warsh for clues about the path of interest rates.The Dow Jones Industrial Average fell 13.96 points, or 0.03%, to 52305.24. The S&P 500 slipped 16.13 points, or 0.22%, to 7483…
By Elias SchisgallAlibaba Group and a U.S.-based payment processor agreed to pay $600 million to resolve allegations from the Justice Department that they allowed merchants to sell and import illegal pharmaceuticals and other restricted items into the U.S.The operator of Chinese e-commerce site Ali…
By Elias SchisgallCorvex shareholders voted to add three board members and the company brought in a new co-chief executive as it pivots toward the artificial-intelligence infrastructure business.The company said that Seth Demsey had been appointed co-CEO alongside co-founder Jay Crystal, effective…
Peak Rock Capital is the name of the firm acquiring healthcare services platform Asembia. "Peak Rock Capital Bets on Specialty Drug Boom With Asembia Acquisition," at 2 p.m. ET, incorrectly said Peak Rock Capital Partners.
MARKET WRAPSSTOCKS: U.S. stocks were modestly lower as investors parsed comments from Federal Reserve Chairman Kevin Warsh for clues about the path of interest rates.TREASURYS: Treasurys sold off sending yields higher as investors digest a busy day of U.S. economic indicators and comments from Fed…
By Elias SchisgallTwo exchange-traded funds offered by BlackRock will be offered among the investment options for the Trump administration's Trump Accounts for children.The U.S. Treasury on Wednesday said the accounts' investment options would include BlackRock iShares ETFs tracking the S&P 500 and…
By Connor HartCulp's loss widened in its fiscal fourth quarter as the company warned the challenging demand landscape will likely continue to weigh on results in the coming months.The fabric manufacturer on Wednesday reported a loss of $2.24 million, or 18 cents a share, for its three months ended…
NYSE to Commence Delisting Proceedings With Respect to Warrants of ESS Tech Due to Low Price
Purchasing managers indexes for Mexico were mostly higher in June, likely lifted by the country's co-hosting the soccer World Cup along with the U.S. and Canada. S&P Global's manufacturing index rose to 51.3 from 49.6 in May, moving into expansionary territory for the first time in 10 months. The B…
By Evie LiuKroger is trying again to grow through acquisitions — but this time, the target is far smaller. The grocery giant said Wednesday it would acquire privately held Giant Eagle for $1.65 billion, a deal that would expand Kroger's presence in Pennsylvania, Ohio, West Virginia, Maryland, and I…
