Latest Corporate News News
Fed Cuts Rates; Oracle Faces Cloud Sales Disappointment
The Federal Reserve delivered its third consecutive 25 basis-point rate cut, impacting markets positively. Oracle reported increased capital expenditure of $12 billion, surpassing expectations, but its cloud sales revenue missed analyst forecasts, causing its stock to drop after hours.
Major AV/IT Industry Mergers and Acquisitions in 2025
The AV/IT sector experienced significant consolidation with mergers such as Yorktel-Kinly combining for expanded services, Avidex acquiring CCS New England to grow in the U.S. market, and AVPro Global entering an agreement to acquire RTI. These moves aim at expanded market reach and services in enterprise and collaboration technologies.
Atlas Holdings Completes $1 Billion Take-Private Acquisition of Office Depot
Atlas Holdings finalized its acquisition of The ODP Corporation, Office Depot's parent company, in an all-cash deal valued at approximately $1 billion, aiming to drive strategic growth leveraging ODP's retail and service capabilities.
Azure Holding Group Finalizes Oil and Gas Acquisition in West Texas Permian Basin
Azure Holding Group completed the acquisition between Vision Oil and Gas and LDF Energy, increasing its producing and shut-in well count to 1,062, approximately 0.87% of the wells in the Tier 1–3 West Texas Permian Basin.