Category: Latest News

Hillenbrand, Inc. (NYSE:HI) surged 19% on Wednesday after announcing it had agreed to be acquired by private equity firm Lone Star Funds in an all-cash transaction valued at $32.00 per share. The deal represents a total enterprise value of roughly $3.8 billion. The offer price reflects a 37% premium to Hillenbrand’s unaffected closing price on…

Innovation Beverage Group Ltd (NASDAQ:IBG) surged 75% on Wednesday after announcing a definitive agreement for a reverse triangular merger with BlockFuel Energy Inc.. The deal is expected to close in the fourth quarter of 2025, after which the combined company will trade on the Nasdaq under the ticker “FUEL.” Under the merger terms, BlockFuel shareholders…

T1 Energy Inc. (NYSE:TE) soared 26% on Wednesday, while Nextracker (NASDAQ:NXT) gained 3.5%, after the two companies unveiled a strategic framework agreement focused on the supply of solar panel frames. The multi-year contract, valued at more than $75 million, will see Nextracker provide its patented steel module frame technology for T1 Energy’s new 5-GW G1_Dallas…

Abbott Laboratories (NYSE:ABT) shares fell more than 2% in premarket trading on Wednesday after the healthcare and medical devices company reported third-quarter earnings that came in line with expectations, while sales narrowly missed consensus estimates. Abbott posted earnings per share of $1.30, matching analyst forecasts. Revenue totaled $11.37 billion, slightly below the $11.4 billion expected.…

Sable Offshore Corp. (NYSE:SOC) saw its stock tumble 25% on Monday after a California court issued a tentative ruling indicating it would reject the company’s claims against the California Coastal Commission. The Santa Barbara Superior Court’s tentative decision, set to be reviewed at an October 15 hearing, would mark a major setback in Sable’s ongoing…

Bank of America (NYSE:BAC) delivered stronger-than-expected third-quarter results, driven by solid net interest income and a sharp rise in investment banking fees, as dealmaking activity rebounds from earlier weakness tied to tariff uncertainty. Shares climbed more than 5% in U.S. premarket trading on Wednesday following the release. The bank reported a 43% increase in investment…

Dollar Tree (NASDAQ:DLTR) shares gained 2.6% in pre-market trading on Wednesday after the discount retailer reaffirmed its short-term guidance and set out a bullish three-year earnings growth plan ahead of its 2025 Investor Day in New York. The company said it expects earnings per share to grow at a compounded annual rate of 12% to…

(NYSE:PNC) reported stronger-than-expected third-quarter results on Wednesday, fueled by solid fee income growth and tight expense management. Despite the upbeat performance, shares dipped 0.91% in pre-market trading. The Pittsburgh-based banking group posted earnings of $4.35 per share, well above analyst estimates of $4.04. Total revenue came in at $5.92 billion, surpassing the $5.83 billion consensus…

First Horizon Corporation (NYSE:FHN) shares rose 1.39% in pre-market trading on Wednesday after the regional bank delivered third-quarter results that surpassed analyst forecasts, driven by improved profitability and strong credit quality. The Memphis-based financial institution reported adjusted earnings per share of $0.51, beating consensus estimates of $0.44 by $0.07. Net income available to common shareholders…

(NYSE:CFG) shares climbed more than 4% in pre-market trading on Wednesday after the bank reported third-quarter earnings that topped Wall Street expectations. The Providence-based lender posted adjusted earnings per share of $1.05, exceeding analyst estimates of $1.03 by $0.02. Management highlighted “excellent NII and fee growth” and a 3% sequential increase in positive operating leverage,…