Gary Bowman, the founder of Bowman Consulting Group, will retire as chief executive and board member of the Reston, Virginia-based firm. The transition, expected to conclude once a successor is appointed, concludes a nearly 30-year tenure at the helm of the engineering-services company.
Compass Pathways shares jumped 34% in premarket trading Tuesday after the biotechnology firm announced its psilocybin-based treatment for depression met primary endpoints in a second Phase 3 clinical trial. The results for the COMP360 therapy offer a potential breakthrough for patients with treatment-resistant depression, a condition historically difficult to manage with existing pharmaceuticals.
IHS Towers has reached an agreement to sell its Latin American operations to Macquarie Asset Management in a deal valued at an enterprise value of $952 million. The transaction includes the company’s entire footprint in Brazil and Colombia, signaling a strategic pivot for IHS as Macquarie doubles down on the region's digital infrastructure.
Xerox Holdings Corp. has raised $450 million through a joint venture with asset management firm TPG, securing a mix of senior secured term loans and preferred equity. The deal, announced Tuesday, marks a critical step in the legacy print giant’s effort to shore up its balance sheet and fund a broader corporate "reinvention."
Fairfax Financial Holdings has reached an agreement to acquire real estate investment firm Kennedy-Wilson Holdings in an all-cash deal led by a consortium of top executives. The transaction, which values the company at a significant premium, will see the firm delisted from the New York Stock Exchange by mid-2026.
Labcorp reported a rise in fourth-quarter profit on Thursday, fueled by steady growth in its core diagnostic laboratories business. While the company's $3.52 billion in revenue narrowly missed Wall Street estimates, its adjusted earnings of $4.07 per share surpassed analyst expectations, supported by a 5.5% revenue jump in clinical testing.
DTE Energy exceeded Wall Street expectations in the fourth quarter, reporting a net income of $369 million driven by robust performance across its electric and gas utility divisions. The Detroit-based energy provider posted earnings of $1.77 per share, a significant jump from the $292 million recorded during the same period last year.
Honeywell International has revised its full-year 2024 financial results downward following significant post-report charges, primarily a $436 million goodwill impairment within its industrial-automation segment. The industrial conglomerate updated its net income and operating margins on Tuesday, though it maintained its long-term growth targets for 2026.
Vulcan Materials shares fell 6.3% in premarket trading Tuesday after the construction giant reported fourth-quarter earnings that missed analyst expectations and issued a conservative profit forecast for the year ahead.
Atlanta-based Genuine Parts announced a 3.2% increase to its quarterly dividend on Tuesday, marking seven decades of consecutive payout growth. The distributor of automotive and industrial parts raised the distribution to $1.0625 per share, cementing its status as one of the most consistent yield-payers in the S&P 500.
The U.S. Food and Drug Administration has accepted Bristol Myers Squibb’s application for iberdomide, granting it priority review for the treatment of relapsed or refractory multiple myeloma. The decision positions the therapy as a potential first-in-class treatment for patients whose blood cancer has returned or failed to respond to existing standard-of-care regimens.
Science Applications International Corp. has formally appointed James Reagan as its permanent chief executive officer, concluding a thorough search process to stabilize leadership at the Reston, Virginia-based technology firm. Reagan, who has served as interim CEO since October, steps into the role permanently following the departure of his predecessor last year.
Kits Eyecare expects its first-quarter revenue to reach between C$58 million and C$60 million, significantly outpacing market forecasts as the Canadian retailer capitalizes on repeat demand and a shift toward premium eyewear.
Philadelphia-based specialty metals manufacturer Carpenter Technology has appointed Brian Malloy as its next chief executive, effective July 1, succeeding long-time leader Tony Thene who will transition to executive chairman.
Lufax announced on Tuesday that Chief Executive Yong Suk Cho will depart the company at the end of March following the expiration of his contract, citing personal and family considerations. The Chinese financial services provider has appointed current co-CEO Xiang Ji to take the helm, initiating a broader leadership transition that includes several high-level board changes.
Watsco’s board of directors has approved a 10% increase in its quarterly dividend, raising the payout to $3.30 per share from $3.00. The Miami-based HVAC distributor announced the hike on Tuesday, signaling a stronger yield for investors as the new rate takes effect in April.
Canadian miner Sherritt International is suspending operations at its Moa joint venture in Cuba as a severe fuel shortage paralyzes the island’s industrial capacity. The company announced Tuesday that it will transition its processing plant to standby status within the coming week, citing a lack of clarity regarding when essential energy deliveries will resume.
Britain’s unemployment rate climbed to 5.2% in the final quarter of last year, marking its highest level since early 2021 and signaling a cooling labor market that may prompt the Bank of England to pivot toward interest rate cuts. With annual wage growth slowing to 4.2%, policymakers face mounting evidence that inflationary pressures are receding despite a stagnant broader economy.
U.S. equity futures edged lower on Monday, signaling a cautious start for Wall Street, while European indices showed resilience despite a broader decline in global energy prices and Treasury yields.
London-listed insurance consolidator Chesnara has agreed to purchase Scottish Widows Europe from Lloyds Banking Group for 110 million euros ($130.4 million). The cash deal, expected to close by the end of 2026, marks Chesnara’s entry into the Luxembourg market and expands its reach across Germany, Austria, and Italy.
Boohoo Group shares tumbled on Tuesday after the British fast-fashion retailer announced plans to raise £35 million ($47.7 million) through a new equity fundraise aimed at strengthening its balance sheet and securing more flexible lending terms.
Seek Ltd. reported a 35% jump in first-half adjusted profit to A$104.1 million, leveraging AI-enhanced pricing models to drive revenue growth even as job advertisement volumes softened. The Australian employment marketplace raised its interim dividend to A$0.27 per share, reflecting a successful push to improve operating margins through aggressive technological investment.
Canadian residential construction saw a sharp contraction in January 2026, with housing starts falling 15% to a seasonally adjusted annual rate of 238,049 units. The data from the Canada Mortgage and Housing Corp. (CMHC) significantly missed economist expectations of 265,150 units, signaling a cooling market as high costs and trade uncertainty weigh on developers.
The UK’s Financial Reporting Council (FRC) launched a consultation on Monday to determine whether Chinese companies should be permitted to use domestic accounting standards when listing in London. The proposal aims to streamline the issuance of global depository receipts (GDRs) as Britain intensifies its efforts to revitalize its flagging public markets.
Japan Resistor Mfg. Co. reported a widened net loss of ¥376 million for the fiscal year ended December 31, as a decline in annual revenue pressured the electronic component maker's bottom line.
Airbus is poised to report its fourth-quarter earnings this Thursday, with market attention centered on an expected uptick in delivery guidance despite ongoing engine shortages that continue to strain the global aerospace supply chain.
Wintest Corp. reported a deepening annual net loss of ¥1.24 billion for the fiscal year ending December 31, 2025, as rising operational costs overshadowed a modest increase in top-line revenue. The Tokyo-listed semiconductor testing specialist continues to face significant profitability hurdles despite a marginal improvement in its sales volume compared to the previous year.
European benchmarks trended upward on Monday as U.S. markets remained closed for a holiday, leaving regional corporate earnings and a sharp drop in natural gas prices to dictate market sentiment.
Red Planet Japan Inc. reported a massive net loss of ¥95.05 billion for the fiscal year ending December 31, 2025, a sharp reversal from the previous year's profit. Despite a significant jump in top-line revenue and operating income, the Tokyo-listed company faced heavy bottom-line pressure, according to its latest financial filing.
Alibaba Group launched its latest flagship artificial intelligence model, Qwen 3.5, on Monday, introducing advanced reasoning and agentic capabilities designed to compete in an increasingly crowded global market. The Hangzhou-based tech giant timed the rollout ahead of the Lunar New Year holiday, positioning the update as a major step forward in handling complex multimodal tasks and multilingual communication.
