Wajax, the Canadian industrial products and services provider, has appointed George McClean as its new president and chief executive officer. McClean is scheduled to take the helm on March 3, succeeding Iggy Domagalski following a structured leadership transition initiated late last year.
Seres Therapeutics shares tumbled 26% to $10.40 in premarket trading Thursday after the company announced a 30% workforce reduction and the suspension of a key clinical program. The biotech firm is pausing development of its infection-prevention candidate, SER-155, as it maneuvers to extend its financial runway amid a tightening capital environment.
Rollins Inc., the parent company of Orkin, saw its shares plunge 14% in premarket trading after reporting fourth-quarter earnings and revenue that failed to meet Wall Street expectations. Despite double-digit revenue growth, the pest-control giant struggled to keep pace with analyst projections, erasing its year-to-date gains.
Brookfield Corp. has authorized a 17% increase to its quarterly dividend after its core asset management business delivered record results, helping the Toronto-based investment giant surpass Wall Street expectations for the final quarter of the year.
Coincheck Group announced on Thursday that Chief Executive Gary Simanson will resign effective March 31, with Pascal St-Jean set to take over the role on April 1. The leadership transition follows the company’s recent move to acquire digital asset manager 3iQ Corp and signals a new focus on institutional growth.
Sphere Entertainment shares jumped Thursday after the company reported a surprise fourth-quarter profit, fueled by robust ticket sales and advertising revenue at its signature Las Vegas arena. The entertainment firm comfortably cleared Wall Street estimates, swinging from a significant loss a year ago to a net income of $57.6 million.
Telus Corp. missed fourth-quarter analyst estimates on Thursday as a sharp decline in mobile equipment sales and aggressive market competition squeezed both the top and bottom lines. The Canadian telecommunications giant reported net income of C$290 million ($213.6 million), down from C$320 million in the same period last year, reflecting cooling demand for new hardware and a shift in consumer spending.
Biotechnology firm Arvinas has appointed Randy Teel as its new president and chief executive, succeeding John Houston as the company moves into its next phase of clinical development. The appointment, announced Thursday, follows a search process initiated after Houston’s retirement plans were first disclosed in November.
Porch Group shares jumped 19% in premarket trading after the housing software and insurance provider issued a robust revenue outlook for 2026, signaling long-term growth that outweighed a recent quarterly loss.
BridgeBio Pharma shares jumped 15% in premarket trading after the company reported successful Phase 3 results for infigratinib, its oral treatment candidate for children with achondroplasia. The study met its primary growth objectives and achieved a first-of-its-kind improvement in body proportionality, clearing the path for a regulatory filing later this year.
Franco-Nevada has committed $250 million in royalty financing to i-80 Gold, providing the Nevada-focused miner with the capital necessary to scale operations and consolidate its debt. The deal centers on a net smelter return royalty across i-80’s entire asset portfolio as the company targets a massive production increase by 2032.
Ametek Inc. announced on Thursday that its board of directors has approved a 9.7% increase in its quarterly cash dividend, raising the payout to 34 cents per share. The decision signals the Pennsylvania-based industrial technology firm’s confidence in its cash flow and long-term financial position.
Canadian dairy giant Saputo has reached a agreement to sell an 80% stake in its Argentine operations to Peru’s Grupo Gloria for C$543 million ($400 million). The transaction, which values the division at an enterprise value of C$855 million, marks a significant restructuring of Saputo’s South American footprint while maintaining a 20% minority interest.
U.S. natural gas inventories likely plunged last week as freezing temperatures from winter storm Fern sparked a surge in heating demand. According to a Wall Street Journal survey, analysts expect a withdrawal of 264 billion cubic feet (Bcf) for the week ended Feb. 6, significantly outpacing historical seasonal averages.
Intact Financial’s board of directors has approved a new share repurchase program to buy back up to 5.3 million shares over the next 12 months, representing approximately 3% of its outstanding equity, the company announced Thursday.
Knight-Swift Transportation’s board of directors has authorized an 11% increase to its quarterly cash dividend, raising the payout to 20 cents per share. The adjustment, announced Thursday, signals the Phoenix-based carrier's ongoing commitment to shareholder returns as it navigates the current logistics environment.
Five employees of Canadian miner Vizsla Silver remain unaccounted for following a mass abduction in Concordia, Mexico, as the company confirms that several other workers taken in the January incident have been found dead.
Mercedes-Benz has issued a recall for nearly 12,000 electric vehicles in the United States following warnings that high-voltage battery failures could cause fires while the cars are parked or in motion. The National Highway Traffic Safety Administration (NHTSA) is urging owners to park affected vehicles outdoors and away from structures until a permanent fix is implemented.
American Electric Power reported a 13% revenue surge in the fourth quarter, outperforming analyst expectations even as heavy infrastructure investments weighed on net income. The utility is aggressively expanding its capital spending to accommodate a massive wave of energy demand from data centers and artificial intelligence developers.
Zebra Technologies' board of directors has authorized an additional $1 billion for its stock-repurchase program, significantly increasing the company's capacity to return capital to investors as its total authorization reaches $1.1 billion.
Chicago-based derivatives giant CME Group announced a 4% increase to its quarterly dividend and a substantial annual variable payout on Thursday, totaling a 4.2% yield for shareholders following its recent financial performance.
Baxter International reported a deeper-than-expected fourth-quarter loss of $1.13 billion, sending its stock tumbling 15% in premarket trading. Despite achieving sales growth across all business segments, the healthcare giant struggled with impairment charges and operational headwinds that overshadowed its revenue gains.
Mullen Group reported a decline in fourth-quarter profit on Thursday as a stagnant Canadian economy pressured margins, even as a flurry of recent acquisitions pushed revenue above market expectations. The logistics giant posted net income of C$14.6 million ($10.8 million), down from C$18.9 million a year earlier, highlighting the ongoing struggle to convert top-line growth into bottom-line results.
Clinical research giant Icon plc has postponed its fourth-quarter earnings and withdrawn its 2025 guidance following the launch of an internal review into its accounting controls. The investigation, which focuses on revenue recognition over the past two years, triggered a massive premarket sell-off on Thursday.
GEO Group announced on Thursday that Chief Executive J. David Donahue will retire at the end of February, clearing the way for founder and executive chairman George Zoley to reassume the top post. Zoley, who established the Florida-based government services provider in 1984, is scheduled to take over day-to-day operations on March 1.
TransUnion reported a significant jump in fourth-quarter profit, buoyed by double-digit revenue gains in its domestic financial services and fraud prevention segments. The credit-reporting giant outperformed Wall Street expectations on both the top and bottom lines, signaling resilient demand for data analytics despite broader economic shifts.
TransUnion’s board of directors has approved an 8.7% increase to its quarterly cash dividend, signaling a steady commitment to shareholder returns. The Chicago-based information and insights firm will raise its payout to 12.5 cents per share, up from the previous 11.5 cents.
Fortis reported a rise in fourth-quarter earnings, outperforming market expectations as the Canadian utility giant leveraged steady rate base expansion across its North American and Caribbean operations. The company posted net earnings of C$422 million (US$310.8 million), or C$0.83 per share, up from C$396 million in the same period a year prior.
Utz Brands reported a fourth-quarter net loss as retailers trimmed inventory levels, a move partly triggered by last year’s government shutdown and delays in SNAP payments. Despite the bottom-line hit, the snack maker beat adjusted earnings estimates and authorized its first-ever share repurchase program to signal confidence in its core branded portfolio.
Shares of Energy Vault Holdings Inc. tumbled 17.5% in premarket trading Thursday after the company priced an upsized $140 million offering of senior convertible notes. The capital raise, which grew from an initial $125 million target, reflects the energy storage firm's move to restructure debt and fund strategic financial transactions.
