The U.S. Department of Defense has awarded $7.3 million to Montreal-based 5N Plus to establish a domestic production line for gallium arsenide. This strategic move aims to eliminate reliance on foreign suppliers for the critical semiconductor material, which powers advanced sensing systems and sensitive defense hardware.
A 15% pre-market plunge greeted Methode Electronics on Thursday after the power distribution firm reported a deeper quarterly loss. While revenue climbed to $265.4 million, beating analyst expectations, the company’s bottom line faltered under the weight of divestiture costs and aggressive investments in personnel and internal capabilities.
Ragnar Udd, a high-ranking executive at mining giant BHP, is set to take the helm at Albemarle on February 1, 2027. His appointment marks a significant leadership transition for the North Carolina-based specialty chemicals producer, as current CEO Kent Masters prepares to shift into the role of executive chairman.
LB Pharmaceuticals has tapped Joseph Miller, the former finance chief at Aurinia Pharmaceuticals, to oversee its financial operations. The 52-year-old executive steps into the role at the New York-based neuromedicines firm, bringing years of industry experience to the leadership team as the company focuses on its development pipeline.
Bolstered by a sharp rise in quarterly earnings and sales, Toro has revised its full-year financial outlook upward. The outdoor equipment manufacturer now anticipates annual revenue growth of up to 6.6%, signaling a robust demand cycle that comfortably exceeded the performance benchmarks set by market analysts.
Canada recorded a trade surplus of 769 million Canadian dollars in July, a sharp contraction that caught markets off guard. The figure fell well short of the 3.25 billion Canadian dollars economists anticipated, as the country’s export engine stalled for the first time in half a year.
Investors pushed ChargePoint Holdings shares up 18% in premarket trading Thursday, responding to a fiscal second-quarter report that outpaced analyst expectations. The company cut its losses nearly in half and delivered revenue growth that defied the downward trend plaguing the stock throughout the current year.
A surge in U.S. digital lending activity pushed VersaBank’s third-quarter profit to 10.1 million Canadian dollars, marking a significant climb from the 6.6 million reported during the same period last year. The Canadian business-to-business bank continues to leverage its Structured Receivable program to capture cross-border growth.
Networking infrastructure provider Ciena reported a fivefold surge in third-quarter profit, fueled by a relentless wave of enterprise investment in artificial intelligence. The company’s net income reached $266.4 million for the period ending August 1, prompting leadership to lift full-year revenue guidance beyond current Wall Street consensus estimates.
Nashville-based retailer Genesco posted net earnings of $3.5 million for the fiscal second quarter ending August 1, marking a sharp recovery from the $18.5 million loss recorded during the same period last year, even as the company grapples with a 3% decline in total net sales to $529.9 million.
Citing rising geopolitical uncertainty, the Dutch central bank has shifted 86 metric tons of gold from vaults in New York and Ottawa to the Bank of England. The move, completed between March and August, aims to bolster the institution's crisis resilience by positioning its assets in a more accessible liquidity hub.
Wichita-based Equity Bancshares is set to acquire Lincoln Bancorp in a cash-and-stock transaction valued at approximately $123.8 million. The move signals a strategic push into the Iowa market, integrating Lincoln’s regional network into Equity’s existing financial infrastructure and pushing its total assets beyond the $9 billion threshold.
After holding the financial reins at Canadian network management firm Real Matters, Rodrigo Pinto is vacating his role as chief financial officer. The executive announced his departure Thursday, citing a desire to pursue new career opportunities entirely outside the mortgage industry, effective November 30.
Ottawa has officially added Volatus Aerospace to its Defence Drone Initiative Marketplace, granting the company a strategic foothold to bid on future government contracts. This qualification allows the firm to compete for specialized projects involving uncrewed and autonomous systems destined for the Canadian Armed Forces and the Canadian Coast Guard.
Cabin crew at Ryanair’s Arlanda base in Sweden have secured formalized employment protections following a new agreement between the budget carrier and the Swedish Transport Workers' Union. The deal brings long-awaited clarity to compensation structures, pension contributions, and daily working hours for the Dublin-based airline's local staff.
Sweden is moving toward a major shift in its energy landscape, as Studsvik teams up with GE Vernova Hitachi and Samsung C&T to potentially add 1.2 gigawatts of nuclear power. The consortium aims to deploy four BWRX-300 small modular reactors, targeting a mid-2030s launch for the first unit.
A net loss of 136.8 million Canadian dollars in the second quarter failed to dampen BRP’s confidence, as the manufacturer of Ski-Doos and Sea-Doos aggressively raised its full-year earnings guidance. Surging demand for off-road vehicles provided a critical buffer against mounting U.S. metal tariffs and unexpected supplier financial restructuring costs.
A 30% jump in premarket trading on Thursday pushed Tilly’s shares to $4.94, capping a year-to-date rally of nearly 90%. The retailer’s latest quarterly report signals a return to profitability, fueled by a 12% rise in comparable net sales and sustained demand throughout the back-to-school season.
A 9.1% jump in pre-market trading signals investor confidence in Duluth Holdings, as the retailer reports a significant profit spike driven by $16.3 million in tariff refunds. The parent company of Duluth Trading Co. leveraged these gains to boost its full-year guidance despite a contraction in overall net sales.
A 325 million pound write-down triggered by U.K. government leasehold reforms pushed M&G into a first-half loss, overshadowing otherwise resilient operating results. The investment manager saw its stock dip 1.7% to 337.22 pence in early trading as investors reacted to a forecasted slowdown in profit growth.
A retreat in oil prices combined with cautious commentary from the Federal Reserve prompted a cooling in global bond markets this morning. Yields on U.S. Treasuries and European government debt pulled back from multiyear highs as investors recalibrated their expectations for future interest rate hikes ahead of critical employment data.
A 13% drop in Crest Nicholson’s share price followed the British home builder’s admission that it expects an operating loss for the fiscal year. The company’s stock, now trading at 53.10 pence, has shed 62% of its value since January as market conditions remain stagnant across the United Kingdom.
Bank Negara Malaysia maintained its benchmark overnight policy rate at 2.75% on Thursday, opting for stability as robust economic expansion and contained inflation provide a cushion against global volatility. The decision, which aligned with unanimous forecasts from economists, marks a continued period of steady rates since July 2025.
Budget carrier easyJet is returning to the London Stock Exchange’s premier index alongside newcomer Ithaca Energy, as FTSE Russell shakes up its top-flight roster. The reorganization displaces gambling group Entain and housebuilder Persimmon, reflecting recent market performance shifts that take effect at the start of business on September 21.
TotalEnergies has officially assumed operatorship of the PEL83 license in Namibia, securing a 40% stake in the massive Mopane discovery. This move follows a strategic asset swap with Galp, effectively consolidating the French energy giant’s influence over the country’s two largest offshore oil finds.
Fuji Electric Industry reported a net profit of 92 million yen for the half-year ending July 31, a notable decline from the 114 million yen recorded during the same period last year. Despite the bottom-line contraction, the company managed to grow its revenue to 1.97 billion yen from 1.91 billion yen.
China's service sector regained momentum in August, as the RatingDog purchasing managers' index climbed to 51.4 from July’s 50.4. This private gauge, compiled by S&P Global, highlights a decisive recovery driven by a surge in new business and the most robust streak of job creation seen in three years.
With a strategic pivot toward Venezuela’s vast Orinoco oil fields, GeoPark has secured a 25-year production contract for the Bare Block. The move, brokered through an indirect acquisition of a 95% stake held by the Gilinski Group, positions the company among a growing cohort of firms betting on the country's energy sector.
Autonomous trucking startup PlusAI is launching its third bid for the public markets, entering a merger agreement with a blank-check company backed by Yorkville Advisors. The deal values the Silicon Valley firm at $800 million, a significant drop from the valuations sought during its two previously abandoned attempts.
Shareholders of Brady Corporation are set to receive a slightly larger payout this autumn, as the company lifts its quarterly dividend to 25 cents per share. This modest two percent increase marks the 41st consecutive year the manufacturer has hiked its distribution to investors, underscoring a long-standing capital return strategy.
