The British luxury automaker announced a £550 million ($735.57 million) debt package to strengthen its balance sheet and boost liquidity amid falling sales and significant stock declines.
Brazilian mining giant Vale has elected Manuel Lino Oliveira as its new board chairman, a move backed by top shareholder Previ that resolves a recent governance dispute. The election follows the resignation of former chairman Daniel Stieler in early July.
Following a surprise pre-announcement that sent its stock down 25%, IBM's upcoming earnings call will focus on management's full-year guidance and ability to restore investor confidence.
The junior mining company completed its initial public offering of over 15.4 million units and listed on the TSX Venture Exchange under the symbol INXS, with proceeds earmarked for exploration in British Columbia.
The junior mining company raised $1.54 million in gross proceeds to fund exploration at its British Columbia properties. Shares will trade on the TSXV under the ticker 'INXS' starting on or about July 24.
The fast-food chain is offering steeply discounted menu items to lure back customers after a foodborne illness outbreak hurt store traffic and sent shares of parent company Yum! Brands down over 9%.
The commercial vehicle giant now expects adjusted EBIT between €3.6 billion and €4.1 billion, up from a previous range of €3.2 billion to €3.7 billion, citing a revised tariff structure and strong demand.
Shares of AI hardware firm Cerebras Systems erased most of their initial 18% gain following a partnership announcement with CrowdStrike, reflecting a broader market trend of investors demanding more than just headlines from AI-related companies.
A government crackdown on militant Mapuche groups in Chile is leading to long prison terms, while a new generation of activists shifts to legal and environmental challenges, creating a complex risk environment for companies in the region.
