Latest Corporate News
Dow Jones Surges 1,200 Points to Close Above 50,000 First Time
The Dow Jones Industrial Average advanced 1,206.95 points, or 2.47%, closing at 50,115.67 on Friday, marking the first time it exceeded 50,000. The S&P 500 jumped 1.97% to 6,932.30 and Nasdaq rose 2.18% to 23,031.21, driven by tech recovery and bitcoin rebound.
Evercore Reports Record Revenue Amid M&A Rebound
Evercore generated $3.88 billion in 2025 revenue, fueled by advisory on five of the fifteen largest global deals, with total M&A value hitting $4.5 trillion, up 50% from 2024 lows. Backlog entering 2026 is at an all-time high, signaling accelerating momentum in megadeals like Union Pacific's $85B bid for Norfolk Southern.
AIG Completes Acquisitions of Stakes in Convex Group and Onex
AIG acquired a 35% equity interest in Convex Group for $2.1 billion and a 9.9% stake in Onex Corporation. These strategic minority investments target specialty insurance and global asset management sectors.
Mid Penn Bancorp Gains Regulatory Approval for 1st Colonial Acquisition
Mid Penn Bancorp and 1st Colonial received all required approvals for a $101 million cash and stock deal. The merger expands Mid Penn's footprint in banking services.
TRUBAR Acquired by ETi Gıda for $173 Million
Turkey's ETi Gıda bought 100% of protein bar brand TRUBAR for $173 million in cash, with no earn-out. The deal positions TRUBAR for scaled growth across North America.
UiPath Acquires WorkFusion to Bolster Financial Services AI
UiPath acquired WorkFusion to strengthen agentic AI solutions for banking and financial services. The move enhances UiPath's industry-specific portfolio.
Rio Tinto and Glencore Resume $260B Merger Talks
Rio Tinto and Glencore restarted negotiations for a potential $260 billion merger to create the world's largest mining company, focusing on copper dominance for energy transition. Discussions address past issues on leadership and premium.
Fifth Third Bancorp Completes Merger with Comerica
Fifth Third Bancorp finalized its merger with Comerica, forming the ninth-largest U.S. bank with $294 billion in assets. The deal boosts scale in key markets.
Oil & Gas Consolidation Wave Continues with Major Deals
ExxonMobil's $64.5B Pioneer acquisition solidified Permian dominance at over 1.3M boe/d; ConocoPhillips closed $22.5B Marathon Oil deal; Chevron completed $53B Hess merger after arbitration win. Expand Energy emerges as natural gas leader.
Fed Finalizes 2026 Bank Stress Test Scenarios
The Federal Reserve finalized 2026 stress test scenarios, similar to October proposals, and maintained stress capital buffers until 2027 pending model feedback. BPI survey highlights banks forming dedicated technology committees for AI and cybersecurity oversight.
Key Mining Corp. Announces Merger with Compass Digital Acquisition
Key Mining Corp. and Compass Digital Acquisition Corp. entered a merger agreement on January 6, 2026, advancing business combination plans.
Rio Tinto-Glencore Merger Talks Abandoned Per Some Reports
Contrasting reports emerge: while merger talks resumed per S&P Global, CIM Magazine states Rio Tinto and Glencore ended discussions over pricing and control issues.