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 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.
The news comes after a review by Deloitte covering fiscal 2023-25 identified accounting issues at its North America unit.
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 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.
MNST rides global energy-drink momentum and innovation strength to fuel growth across key markets and its core portfolio.
BOOT accelerates expansion with 70 new stores planned for FY26, targeting 1,200 locations nationwide amid strong sales momentum.
This company lifted its guidance for the third time this year, to reflect its recent UScellular acquisition.
J&J's MedTech sales rose 5.6% in Q3, fueled by cardiovascular strength and strategic portfolio shifts toward high-growth markets.
AFL's Q3 results are likely to get a lift from U.S. premium growth and cost control, though Japan's weak earnings could weigh overall profitability.
WU tops Q3 estimates as CS unit revenues jump 49% year over year and cost cuts boost margins despite CMT segment weakness. Management reiterates 2025 adjusted EPS within $1.65-$1.75.
HIG's Q3 results are likely to get a boost from Personal Insurance and Employee Benefits units' growth, but rising costs could weigh on margins.