Mergers, acquisitions, IPOs, earnings and corporate strategy: the deals and decisions reshaping companies worldwide.
Select Water Solutions is taking a major step to turn oilfield water management from a service business into contracted infrastructure. The company agreed Thursday to acquire privately held Pilot Water Solutions for $700 million, consisting of $600 million in cash and $100 million in Select shares. The sellers could receive
AutoZone’s fiscal fourth quarter gave investors two stories at once. The headline numbers were strong: net sales rose 5.6% to $6.59 billion, operating profit increased 10.1% to $1.3 billion, and diluted earnings per share climbed 15.1% to $56.05. The shares rose 3.3%
Telix Pharmaceuticals is making a $1.65 billion bet that control over medical-isotope supply will matter more than near-term dilution. The Australian radiopharmaceutical company agreed Monday to combine with Germany’s ITM Isotope Technologies Munich, adding a large isotope-production network and a late-stage cancer-drug pipeline.
Warren Buffett’s decision to step down as chairman of Berkshire Hathaway completes a leadership transition designed not to replace one exceptional executive with another, but to divide his old responsibilities among people with clearer mandates. Berkshire said Friday that Buffett, 96, became chairman emeritus effective immediately and will remain
Lennar’s third-quarter results offer a clear view of the price U.S. homebuilders are paying to keep buyers moving through a strained housing market. The company delivered nearly as many homes as it did a year ago, but preserving that volume required heavier incentives and lower pricing, leaving
Casey’s General Stores has opened its 2027 fiscal year with a profit surge that shows why the convenience-store operator is increasingly difficult to analyze as a simple fuel retailer. The company’s first-quarter net income rose 27.1% from a year earlier to $273.7 million, while
The United States has turned a small Turkish investment bank into a test case for how far its latest pressure campaign against Iran can reach through the global financial system. The Treasury Department’s Office of Foreign Assets Control on Friday designated Golden Global Yatirim Bankasi Anonim Sirketi and two
Oura has taken its smart-ring business into the public markets with a financial profile that looks less like an early hardware experiment and more like a scaled consumer-health platform. The company filed for a Nasdaq initial public offering on Thursday, revealing rapid revenue growth, five million paid members
Uber Technologies is cutting about 3,300 jobs, roughly 10% of its global workforce, in a restructuring that puts organizational discipline at the center of its next growth phase. The move, announced to employees Wednesday by Chief Executive Dara Khosrowshahi, is aimed at reducing management layers and redirecting people and
Comstock Resources has put forward a two-part financing plan that could materially reshape its balance sheet without surrendering control of its Haynesville natural gas operations. The company said Tuesday that Azerbaijan’s state energy group SOCAR may pay $1.65 billion in cash for minority interests in upstream and
Star Entertainment’s narrower annual loss offers the first outline of an operating recovery, but the Australian casino group’s survival still depends less on headline earnings than on cash, regulation and the terms imposed by its lenders. The company reported a statutory net loss after tax of A$307.
Gap shares jumped 12.9% on Friday after the apparel group paired a higher annual profit forecast with a leadership change at Old Navy, giving investors fresh reasons to believe its turnaround can continue. The market’s enthusiasm, however, rested less on uniformly strong sales than on management’s ability
