Shares of the Japanese robotics firm fell for a second day to their lowest since April after its quarterly operating profit declined nearly 20%, as restructuring costs and system migration issues offset strong demand from the AI and semiconductor sectors.
Taiwan Semiconductor Manufacturing Co. is expected to report a 59% surge in second-quarter net profit, fueled by relentless demand for its advanced chips and packaging technologies used in artificial intelligence.
Lincoln National Corp. is reportedly in advanced discussions with Talcott Financial Group for a reinsurance transaction valued at approximately $5 billion, aimed at transferring risk from a block of life insurance policies.
A Bank of America analyst has highlighted seven top-rated REITs, citing specific growth drivers and attractive valuations as the broader real estate sector trades below its historical average.
S&P Global Ratings has revised its outlook for Revvity Inc. to stable from negative, citing the life sciences company's success in maintaining adjusted leverage below 3x while executing significant share buybacks.
The asset manager, a joint venture between State Bank of India and Amundi, allocated shares at the top of its price range to key institutions including sovereign wealth funds and BlackRock, signaling strong demand.
Argentina's leading power generation company, YPF Energía Eléctrica S.A., has filed for a proposed initial public offering on the New York Stock Exchange to tap U.S. capital markets.
A new lawsuit accuses BlackRock of improperly inflating the net asset values of over 70 mutual funds, causing investors to pay excessive management fees and higher taxes. The complaint, filed in New York, alleges violations of federal securities law.
Saudi Arabia's new national airline is reportedly finalizing a significant order for approximately 36 widebody aircraft, with an announcement anticipated at the upcoming Farnborough International Airshow.
