Latest Corporate News
Amazon Shares Plunge 10% on $200bn AI Spending Surge
Nearly $240bn has been wiped off Amazon’s market value as investors react to a $200bn spending plan on AI infrastructure. Shares plunged 10% at open amid unease over massive AI investments. This reflects broader tech sector volatility with Bitcoin and commodities rebounding.
First Merchants Corp Finalizes Merger with First Savings Financial
First Merchants Corporation and First Savings Financial Group completed their merger effective February 1, 2026, via stock transaction after regulatory approvals. The combined entity has $21.4bn in assets, strengthening Indiana banking presence.
Integration to finish in Q2 2026.
Forge Global Merger with Charles Schwab Nears Completion
Forge Global Holdings' acquisition by Charles Schwab advances post-shareholder approval on January 22, targeting close in first half of 2026 pending regulations. Q4 2025 results due March 4 will provide final standalone snapshot.
Deal highlights fintech consolidation in private markets.
Automotive Cells Company Shelves Battery Gigafactories in Europe
Stellantis-backed ACC is considering shutting down planned battery plants in Italy and Germany due to slower EV growth. Projects on hold since 2024 amid shift to cheaper battery tech.
Stellantis warns of €22bn hit and plans to sell stake in joint venture.
Rio Tinto Ends Merger Talks with Glencore
Rio Tinto failed to make a firm offer for Glencore by the February 5 deadline under UK Takeover Code, ending merger discussions. This marks a setback in anticipated mining sector consolidation.
Naked Wines Launches ÂŁ1m Share Buyback Programme
Naked Wines plc announced a ÂŁ1m share buyback to enhance shareholder returns, managed by Panmure Liberum. FTSE 100 closed 0.6% higher at 10370 amid mixed markets.
Empyrean Energy Shares Surge 170% on Mako Dispute Settlement
Empyrean Energy PLC shares jumped 170% after settling a cash call dispute with Conrad Asia Energy via binding term sheet. This resolves a long-running issue boosting investor confidence.
Becton Dickinson Set to Report Q1 2026 Earnings
S&P 500 medical tech giant Becton Dickinson will release Q1 FY2026 results pre-market, focusing on medical devices revenue post-pandemic. Investors eye healthcare normalization trends.
Apollo Global Management Q4 2025 Results Due Pre-Market
Alternative investment firm Apollo Global will report Q4 2025 earnings, assessing impact of volatility and rates on fees. Key for private equity, credit, real estate insights.
On Semiconductor to Unveil Q4 2025 Earnings
Chip maker On Semiconductor reports final 2025 quarter pre-market, evaluating automotive and IoT demand amid supply chain recovery. Potential for sector sentiment shift.
Corporate Layoffs Surge Amid AI Restructuring
Widespread layoffs in tech, logistics, retail driven by AI and automation shifts, contrasting with market highs like Dow at 50,000. Companies cite strategic pivots for cuts.
Washington Post CEO Steps Down After Layoffs
Washington Post CEO Will Lewis resigned days after third of staff redundancies, citing tough decisions for sustainability. Aims to ensure long-term nonpartisan news delivery.