Unit Corporation (UNTC)
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Meta Weighs Cuts to Its Metaverse Unit
Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon building the metaverse.
American Water Works' California Unit Prepares for Dry Months
AWK's unit, California American Water, is preparing for the dry season and preserving excess water in the underground aquifers.
Stifel to Shut UK Equities Trading Unit, Refocuses on Advisory Business
SF is set to shut its UK equities trading unit and shift resources toward expanding its European advisory business.
Marsh & McLennan Unit Expands in Hawai'i With Three Brokerage Buys
MMC expands its insurance solutions suite and presence in Hawai'i as Marsh McLennan Agency acquires three of the state's local insurance brokerages.
Grab Holdings: Cautious Buy Amid Fintech Growth And Improving Unit Economics
Grab Holdings (GRAB) receives a cautious Buy rating, reflecting improved fintech progress and balanced growth across mobility, delivery, and digital banking segments. GRAB's adjusted EBITDA and free cash flow have grown significantly, with fintech loan portfolios and digital bank initiatives showing strong momentum and scaling potential. While GRAB's path to profitability remains uncertain and competition is intense, customer sensitivity to deposit rates remain untested.
ABN Amro to Shrink Workforce, Dispose of Unit as Part of 2028 Growth Plan
The group plans to shrink its workforce by 5,200 employees and it agreed to sell its Alfam subsidiary to Rabobank in a deal expected to close in the third quarter of 2026.
Deutsche Bank Intends to Divest Indian Retail and Wealth Unit
DB plans to sell its India retail and wealth unit, a move that could reshape its footprint as it pursues a sharper strategic focus.
Unit Corporation: Drilling Division Sale Gives It Plenty Of Cash But Reduces Its Free Cash Flow
Unit sold its drilling division for approximately $120 million. It is projected to end 2025 with $180 million in cash before any special dividend payments. Unit's projected free cash flow (with maintenance capex) isn't enough to cover its current regular dividend.
WH Smith CEO Resigns After Accounting Review Finds Issues in North America Unit
The news comes after a review by Deloitte covering fiscal 2023-25 identified accounting issues at its North America unit.
Amazon's Robotaxi Unit Launches In San Francisco Without Steering Wheels—Or Fees
Zoox, Amazon's self-driving tech company, has begun offering rides to the public in its purpose-built robotaxis in San Francisco, following a similar launch in Las Vegas. For now, rides in the electric microvan, which has no steering, mirrors or pedals, are free, but commercial service will start next year if Zoox wins the first federal waiver to operate such vehicles.
Topgolf Callaway Sells Stake in Driving-Range Unit to Leonard Green
Topgolf Callaway Brands said it will sell a 60% stake in its Topgolf unit to private-equity firm Leonard Green as it turns more focus to its equipment and apparel business.
Will Monster Beverage's Expansion Strategy & Energy Drinks Unit Aid?
MNST rides global energy-drink momentum and innovation strength to fuel growth across key markets and its core portfolio.
