Canada threatens escalated counter-tariffs on U.S. steel and aluminum imports

Canada weighs stronger trade retaliation as U.S. steel and aluminum imports face 50% tariffs, industry braces for impact OTTAWA: Canada may impose higher counter-tariffs on U.S. steel and aluminum imports…

NNR June 19, 2025

Wire

CloudKeeper hits $200m revenue, expands cloud cost optimization leadership

SAN FRANCISCO: CloudKeeper, a top cloud cost optimization and FinOps firm, reported $200 million in annualized revenue and $20 million in EBITDA for the last fiscal year, marking 50% year-over-year growth. The milestone solidifies its position…

NNR June 19, 2025

Wire

Fox Corp acquires Mexico’s Caliente TV

NEW YORK: Fox Corp. said Thursday it has acquired Caliente TV, a Mexican sports broadcasting platform, in a move aimed at strengthening its sports content and expanding its streaming footprint…

NNR June 19, 2025

Wire

Worthington Enterprises acquires Elgen Manufacturing for $93 million

COLUMBUS: Worthington Enterprises (NYSE: WOR) announced Wednesday it has acquired Elgen Manufacturing, a New Jersey-based producer of HVAC components, for approximately $93 million in cash. Elgen, headquartered in Closter, specializes…

NNR June 19, 2025

Euronext

ArcelorMittal acquires Nippon Steel’s stake in Calvert Steel facility, deepens U.S. investment

CALVERT: ArcelorMittal announced Thursday it has completed the acquisition of Nippon Steel Corporation’s 50% stake in AM/NS Calvert, gaining full control of the Alabama-based steelmaking facility. The deal, finalized under…

NNR June 19, 2025

Wire

QXO proposes $5 billion all-cash acquisition of GMS Inc. at 27% premium

NEW YORK: QXO, Inc. (NYSE: QXO) announced Thursday it has submitted a proposal to acquire all outstanding shares of GMS Inc. (NYSE: GMS) in an all-cash transaction valued at approximately…

NNR June 19, 2025

London Stock Exchange

Co-op secures £350 million sustainability-linked funding deal with major banks

MANCHESTER: The Co-operative Group Limited (Co-op) has secured a new £350 million ($445 million) five-year lending agreement tied to ambitious sustainability and social impact targets, bolstering its financial position and…

NNR June 19, 2025

London Stock Exchange

Fidelity European Trust and Henderson European Trust agree to £2.1 billion combination

LONDON: Fidelity European Trust PLC (FEV) and Henderson European Trust PLC (HET) announced Thursday they have agreed to combine in a deal that will create the U.K.’s largest closed-ended investment…

Bernice Miles June 19, 2025

Wire

Buss Family agrees to sell majority stake in Los Angeles Lakers for $10 billion

https://youtube.com/shorts/rbByku9S6qA?si=k1gydloRU8q9jNVL LOS ANGELES: The Buss family has agreed to sell a majority stake in the Los Angeles Lakers to businessman Mark Walter in a deal that values the storied NBA…

NNR June 19, 2025

Australian Exchange

Genesis, energy firms reach deal on Huntly Power Station’s role in national security

AUCKLAND: Genesis Energy and three other major electricity providers have signed a detailed non-binding term sheet to establish a strategic energy reserve centered on Huntly Power Station, aiming to bolster…

NNR June 18, 2025

Indices and commodities

U.S. stocks edge higher as Fed holds rates steady; Middle East tensions simmer

Dow Jones, S&P 500, and Nasdaq Post Gains as Fed Holds Rates; Middle East Tensions Linger NEW YORK: Major U.S. stock indices posted modest gains Wednesday as investors digested the…

NNR June 18, 2025

Wire

Fed holds rates steady, signals fewer cuts ahead amid inflation concerns

https://youtube.com/shorts/tyerKPlPTqc?si=rEh3vemVBx2wJXCm The Federal Reserve (Fed) held interest rates steady Wednesday, maintaining its target range of 4.25%-4.5% amid concerns over inflation and slowing economic growth. Despite expectations for two rate cuts…

NNR June 18, 2025

NewsnReleases

Nvidia agrees to acquire Hugging Face for $12.9 billion

hVIVO acquires CRS Clinical Research Services Berlin GmbH

Tonner Drones acquires Azur Drones, expands defense and security portfolio

eEnergy appoints John Gahan as permanent CEO following interim stint

Boliden to acquire controlling stake in Nexa Resources in $1.31 billion stock deal

Canada threatens escalated counter-tariffs on U.S. steel and aluminum imports

Fox Corp acquires Mexico’s Caliente TV

Worthington Enterprises acquires Elgen Manufacturing for $93 million

ArcelorMittal acquires Nippon Steel’s stake in Calvert Steel facility, deepens U.S. investment

QXO proposes $5 billion all-cash acquisition of GMS Inc. at 27% premium

Co-op secures £350 million sustainability-linked funding deal with major banks

Fidelity European Trust and Henderson European Trust agree to £2.1 billion combination

Buss Family agrees to sell majority stake in Los Angeles Lakers for $10 billion

Genesis, energy firms reach deal on Huntly Power Station’s role in national security

U.S. stocks edge higher as Fed holds rates steady; Middle East tensions simmer

Fed holds rates steady, signals fewer cuts ahead amid inflation concerns