Apple Inc. is preparing to expand its smart home portfolio with the anticipated launch of a refreshed HomePod mini this fall and a screen-equipped HomePod model expected in 2026, according to sources familiar with the matter. The new lineup is expected to feature a dedicated home operating system, internally codenamed “Charismatic,” marking Apple’s first screen-centric…
BJ’s Wholesale Club reports Q2 earnings growth, raises full-year EPS outlook
Total revenue grew 3.4% to $5.38 billion, supported by a 9.0% increase in membership fee income MARLBOROUGH: BJ’s Wholesale Club Holdings (NYSE: BJ) reported higher earnings and revenue for the second quarter of fiscal 2025, driven by strong membership growth and improved merchandise margins, despite a slight decline in comparable club sales. For the thirteen…
Ubiquiti reports strong fiscal 2025 results, announces $500 million buyback program
Ubiquiti posted revenues of $759.2 million, up 14.3% sequentially NEW YORK: Ubiquiti Inc. (NYSE: UI) today reported robust financial results for the fourth quarter and full year ended June 30, 2025, driven by strong performance across its Enterprise Technology platform. For the fourth quarter, Ubiquiti posted revenues of $759.2 million, up 14.3% sequentially and 49.6%…
CIRCOR International to acquire Indian pump manufacturers Swelore and Hiro Nisha
BURLINGTON: CIRCOR International, Inc., a global manufacturer of flow control products and a KKR portfolio company, announced today that it has signed a definitive agreement to acquire Swelore Engineering Pvt. Ltd. and Hiro Nisha Systems Pvt. Ltd., two prominent Indian pump manufacturers. The acquisition aims to expand CIRCOR’s industrial product portfolio and strengthen its presence…
Tempus AI acquires Paige to accelerate oncology AI innovation
CHICAGO: Tempus AI, Inc. (NASDAQ: TEM), a leader in artificial intelligence-driven precision medicine, announced Friday it has acquired Paige, a digital pathology company known for pioneering FDA-cleared AI applications in cancer detection. The $81.25 million deal, primarily paid in Tempus common stock, positions Tempus to expand its oncology-focused dataset and technical capabilities. Founded in 2017,…
Wall Street surges as Powell signals potential rate cut
Dow Jones soars 918 points to record high as investors cheer Powell’s dovish pivot NEW YORK: The Dow Jones Industrial Average surged to a record high Friday after Federal Reserve Chair Jerome Powell hinted the central bank may begin easing monetary policy as early as next month. The Dow jumped 918 points, or 2%, to…
Horisont Energi to wind down operations amid market headwinds
SANDNES: Norwegian clean energy developer Horisont Energi AS said on Friday it will begin an orderly wind-down of operations by the end of September, citing persistent market headwinds and a failure to secure strategic investment. The company, which spun off its Barents Blue ammonia project in June, has struggled to attract capital for its remaining…
Air Liquide to acquire DIG Airgas in €2.85 billion deal, expanding South Korea footprint
PARIS: French industrial gas giant Air Liquide said on Friday it has signed a binding agreement to acquire DIG Airgas, one of South Korea’s leading integrated gas companies, in a deal valued at €2.85 billion ($3.1 billion). The transaction, expected to close in the first half of 2026, marks a strategic push into Asia’s fast-growing…
Cuscal surpasses FY25 forecasts; Acquires Indue Limited in $75 million deal
SYDNEY: Cuscal Limited (ASX: CCL) has posted robust FY25 financial results, exceeding its pro forma net profit forecast and declaring a final dividend of 5.5 cents per share, while simultaneously announcing the acquisition of Brisbane-based payments firm Indue Limited in a cash-funded $75 million deal. The acquisition, expected to close by December 31 pending regulatory…
Credit Clear posts strong FY25 results; Eyes further growth in digital debt resolution
SYDNEY: Credit Clear Limited (ASX: CCR), a leading Australian digital debt resolution provider, reported a 12% rise in revenue to A$46.9 million for the fiscal year ended June 30, 2025, driven by strong client onboarding and increased adoption of its AI-powered collections platform. Underlying EBITDA surged 76% to A$7.4 million, reflecting operational efficiencies and margin…
R Systems to acquire Novigo Solutions, creating $240 million agentic AI powerhouse
NEW DELHI: Blackstone portfolio company, R Systems International Limited, a global leader in digital product engineering, said Thursday it has entered into a definitive agreement to acquire Novigo Solutions, a specialist in low-code/no-code (LCNC) development and intelligent automation services. The strategic acquisition will create a digital product engineering powerhouse with annual revenue of INR 20,600…
Cloudbreak Discovery finalizes sale of U.S. assets to G2 Energy Corp
LONDON: Cloudbreak Discovery Plc (LSE: CDL) has finalized the sale of its U.S. assets to G2 Energy Corp., executing definitive contracts for the Masten Unit Energy Project in Texas, the company announced Friday. Under the terms of the agreement, Cloudbreak will receive £50,000 upon signing and an additional £50,000 over the next five months. The…