The company posted a net loss of $228.6 million, compared to $14.4 million in the same period last year COLUMBIA: BigBear.ai Holdings, Inc. (NYSE: BBAI), a provider of AI-powered decision intelligence solutions, reported a widened net loss for the second quarter of 2025, citing federal contract disruptions and strategic investments tied to emerging opportunities in…
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Aris Water Solutions reports strong second quarter performance ahead of acquisition
For three months, Aris reported a 9% increase in Adjusted EBITDA to $54.6 million HOUSTON: Aris Water Solutions Inc. announced a strong second quarter on Tuesday, posting a net income of $14.1 million and setting a new record for produced water handling volumes. The company’s performance comes ahead of a planned acquisition by Western Midstream…
Magnachip CEO steps down amid strategic overhaul; Camillo Martino named interim chief
SEOUL: Magnachip Semiconductor Corporation (NYSE: MX) announced Monday that CEO YJ Kim has stepped down from his role and from the Board of Directors, effective immediately. Camillo Martino, Chairman of the Board, has been appointed Interim Chief Executive Officer. The leadership change comes as Magnachip undergoes a strategic transformation to become a pure-play power semiconductor…
Pennington Creek Capital acquires majority stake in Rite in the Rain
DALLAS: Pennington Creek Capital, LLC, a Dallas-based private equity firm wholly owned by the Chickasaw Nation, announced Tuesday a majority equity investment in Rite in the Rain, a Tacoma, Washington-based manufacturer of water-resistant writing and field gear. “This investment in Rite in the Rain represents an important step in our business diversification,” said Chickasaw Nation…
Datasite acquires Blueflame AI
MINNEAPOLIS: Datasite, a global SaaS provider of AI-powered workflow collaboration and automation solutions for mergers and acquisitions (M&A), investment, and strategic projects, has acquired Blueflame AI, a leading developer of agentic AI solutions for financial services. Terms of the transaction were not disclosed. The acquisition marks a strategic move by Datasite to deepen its capabilities…
Ford to invest $2 billion in Kentucky plant for affordable EVs
LOUISVILLE: Ford Motor Co. said Monday it will invest $2 billion in its Louisville Assembly Plant to accelerate production of affordable electric vehicles, marking a major step in the automaker’s push to expand its EV lineup. The Detroit-based company plans to build a midsize, four-door electric pickup at the Kentucky facility, with production expected to…
Xpand raises $6 million to launch AI-powered autonomous retail stores
TEL AVIV: Xpand, a retail technology startup developing autonomous, AI-powered stores, announced Monday it has raised $6 million in a funding round led by Ibex Investors and Emerge. The company’s executive team, including Chairman and CEO Joel Bar-El, also participated, underscoring internal confidence in its strategic direction. “Our mission is to power the next generation…
Datasite acquires Sourcescrub to expand AI-powered M&A platform
MINNEAPOLIS: Datasite, a global software-as-a-service provider specializing in artificial intelligence-powered solutions for mergers and acquisitions, announced today it has acquired Sourcescrub, a California-based provider of deal-sourcing data and workflows. The acquisition from Francisco Partners is the latest move in Datasite’s strategy to enhance its offerings for M&A professionals. The Sourcescrub acquisition follows a $500 million…
Yango Group makes first investment in Pakistan, backs logistics fintech Trukkr
Yango Group, a UAE-based technology company, has entered the Pakistani startup ecosystem with its first investment in the country, acquiring a stake in Trukkr, a fintech platform focused on digitizing financial services for the logistics sector. The investment, made through Yango Ventures, will enable Trukkr to expand its operations, enhance its credit-scoring capabilities, and improve…
International Bancshares Corporation posts higher Q2 earnings on strong loan growth, interest income
For the six months, net income rose to $197.0 million compared to $194.3 million last year LAREDO: International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, reported second-quarter net income of $100.1 million, or $1.61 per diluted share, up 3.2% from $97.0 million, or $1.56 per diluted share, in the…
Honda’s Q1 operating profit plunges 50% amid U.S. tariffs, strong yen
TOKYO: Honda Motor Co. reported a 50% drop in first-quarter operating profit on Wednesday, missing analyst expectations as U.S. auto tariffs and a stronger yen weighed on earnings. The Japanese automaker posted operating profit of 244.17 billion yen ($1.65 billion) for the quarter ended June 30, falling short of the 323.48 billion yen average estimate…
Douglas Emmett swings to Q2 loss, announces plan for major office-to-residential conversion
REIT reports higher revenue but lower funds from operations, narrows 2025 guidance Douglas Emmett Inc. (DEI.N) on Wednesday reported a net loss of $6 million for the second quarter of 2025, a shift from the $11 million net income in the same period last year. Revenues for the quarter were $252 million, an increase from…