Northrop Grumman has been awarded a contract valued at up to $1.2 billion to produce three E-2D Advanced Hawkeye aircraft for the U.S. Navy, with the Department of Defense obligating over $583 million at the time of the award.
Swedish beverage company Vitamin Well AB has raised approximately $2.2 billion through a multi-currency syndicated loan to finance its purchase of protein-bar manufacturer EMPWR Nutrition Group.
A cybercriminal gang named Anubis has taken credit for a recent hack on fairlife, a dairy subsidiary of The Coca-Cola Company, claiming to have stolen 1 terabyte of data and demanding a ransom.
The special purpose acquisition company raised $115 million after underwriters fully exercised their over-allotment option, with the proceeds placed in a trust account for a future merger.
Tesla posted a negative free cash flow of $1.1 billion for the second quarter, its first in over two years, as it ramped up capital expenditures on AI, robotaxis, and manufacturing. The cash burn was significantly less than the $3.3 billion analysts had forecast.
The special purpose acquisition company, which intends to target technology firms with artificial intelligence exposure, began trading its units on the Nasdaq Global Market under the ticker 'BRTMU'.
The analog chipmaker forecast third-quarter revenue between $5.65 billion and $6.15 billion, surpassing analyst expectations and signaling a potential rebound in industrial chip demand and growing momentum in AI.
Brazil's benchmark stock index, the Bovespa, closed sharply higher on Wednesday, buoyed by strong gains in the industrial, basic materials, and financial sectors. The rally coincided with a strengthening Brazilian real and a notable drop in market volatility.
Texas Instruments reported second-quarter revenue and earnings that surpassed Wall Street estimates and provided a strong third-quarter outlook, yet its shares fell in after-hours trading as investors took profits.
