Ninety employees face layoffs as Greif prepares to shutter its Austell, Georgia, paperboard mill by year-end. The move marks a strategic retreat from the coated recycled paperboard business, stripping 120,000 tons of annual production capacity from the company’s portfolio to prioritize core assets where it holds a dominant market position.
Plains All American Pipeline and its parent company, Plains GP Holdings, are expanding their footprint in the Rockies with a $585 million cash acquisition of Silver Creek Midstream’s crude oil assets. The deal secures control over a critical midstream network in the Powder River Basin currently held by private-equity backers.
A seasonally adjusted annualized rate of 229,046 housing starts in August signaled a marginal 0.1% decline, falling significantly short of the 240,000 units economists anticipated. The data underscores a broader cooling trend in Canada’s property market as construction moderates across major urban centers nationwide.
With its stock climbing 23% since January, Gibson Energy has secured approval from the Toronto Stock Exchange to initiate a fresh share-repurchase program. The Calgary-based infrastructure firm plans to cancel up to 7.3 million common shares, representing 5% of its total outstanding equity, over the next twelve months.
Global government bond yields retreated during European midday trading, tempering a recent surge that pushed U.S. Treasury benchmarks to 2007 highs. As investors await a widely anticipated quarter-point interest rate hike from the Federal Reserve, the market remains caught between persistent energy-driven inflation fears and the necessity of central bank intervention.
Canadian farmers are recalibrating their harvest expectations for 2026, pivoting toward increased soybean and corn production while grappling with a significant contraction in wheat and canola output. Variable growing conditions across the Prairies and Eastern Canada have hindered yields, forcing a retreat from last year's record-setting agricultural performance.
Ethos Technologies confirmed this week that its internal infrastructure remained secure throughout a July service disruption at its carrier partner, TruStage Financial. The insurance technology firm stated that no proprietary or customer data was extracted during the incident, effectively insulating its operations from the external security lapse.
With a pro forma enterprise value of $1.4 billion, autonomous ride-hailing firm May Mobility is set to become the first pure-play company in its sector to trade on a U.S. exchange. The business combination with ACP Holdings aims to close by year-end, netting up to $337 million in gross proceeds.
Growth projections at Huntington Bancshares have shifted downward, as the bank revised its full-year expectations for net interest income to 35%, falling short of previous forecasts that promised gains as high as 43%. The adjustment reflects a broader cooling of performance metrics for the Ohio-based financial institution.
With an investor day on the horizon, Oscar Health has raised its full-year earnings outlook, signaling stronger operational performance for the insurer. The company now expects earnings from operations to reach between $600 million and $800 million, a notable shift from its previous projection of $500 million to $700 million.
Westport Fuel Systems has finalized a $25 million equity line of credit with an affiliate of Roth Capital Partners. The automotive components manufacturer intends to use the capital to shore up its liquidity, gaining the flexibility to issue and sell common shares at its discretion through private placements.
A 5.8% drop in premarket trading greeted Beta Bionics on Wednesday, as the medical device maker priced its public offering at $17.25 per share. The move follows a difficult year for the company, which has seen its stock value decline by 37% since the start of 2024.
Canadian consumers are flocking to discount aisles as household budgets tighten, prompting Dollarama to lift its full-year sales outlook. The retailer reported a second-quarter profit of 349.3 million Canadian dollars, eclipsing analyst expectations as traffic and transaction sizes surged across its expanding store network.
Framingham-based Xenetic Biosciences has entered into an all-stock reverse merger agreement with Santersus, a move designed to transition the private medical-device firm into the public markets. The transaction, expected to conclude by year-end, will fundamentally reshape the ownership structure and clinical focus of the combined entity.
Nearly 600 Costco warehouse locations are now accessible through Uber Eats, marking a significant geographic leap for the retail partnership. The collaboration, which previously covered only 17 states, has expanded its footprint to 47, signaling a strategic push to capture a larger share of the nationwide household delivery market.
A $550 million cash injection is heading to Chord Energy as the company offloads its non-operated Marcellus position to Posco International. The sale, which follows Chord’s strategic review after the Enerplus acquisition earlier this year, marks a definitive pivot toward concentrating the firm’s entire production footprint within the Williston Basin.
Rejecting a $272 million buyout offer from Curaleaf, Aurora Cannabis is doubling down on its international medical strategy. The company confirmed its second-quarter financial targets on Wednesday, pinning its growth trajectory on recent cultivation acquisitions and rising demand across German, Polish, and British markets.
Intel stock surged 4.85% to $101.85 in premarket trading following reports of potential negotiations with SK Hynix. The collaboration aims to utilize Intel’s planned Ohio facility for memory chip production, signaling a significant shift in domestic semiconductor manufacturing aligned with President Trump’s industrial objectives.
Weak construction demand in France has forced Heidelberg Materials to shutter its cement production facility in Ranville. The decision, announced Wednesday by the German building materials giant, marks a strategic consolidation of its European footprint in response to a prolonged economic downturn and a broader shift toward carbon reduction.
Global government bond yields drifted upward Wednesday as investors positioned themselves for an anticipated quarter-point rate increase from the Federal Reserve. While rates remain slightly below the multiyear peaks established just yesterday, the market continues to grapple with the dual pressures of persistent inflation and volatile energy prices.
European Commission President Ursula von der Leyen has proposed a historic expansion of the bloc’s political reach, inviting Canada to become the European Union’s inaugural associate member. Addressing the European Parliament in Strasbourg on Wednesday, she framed the potential partnership as a natural convergence of shared values and transatlantic alignment.
More than 88,000 Veolia employees across 56 countries have opted into the Sequoia 2026 shareholding plan, marking a 48% subscription rate. This record-breaking participation solidifies the workforce as the company’s largest shareholder, collectively holding over 9.8% of the group’s total capital as it pivots toward the GreenUp 24-27 strategy.
A fresh injection of 319 million euros will reshape Renault’s manufacturing footprint in Brazil, signaling a deep industrial alignment between the French automaker and China’s Geely. The capital commitment centers on localizing electrified vehicle production and flex-fuel hybrid technology, marking a significant expansion of their 2025 South American partnership.
With Claude usage per capita ranking among the highest globally, San Francisco-based Anthropic is planting a new flag in Singapore. The move marks the artificial intelligence firm’s fifth expansion into the Asia-Pacific region, aiming to capitalize on surging enterprise demand within the city-state’s financial and government sectors.
Chinese logistics giant S.F. Holding is tapping the bond market for roughly $1.5 billion, issuing guaranteed notes in two separate tranches. The move highlights a broader trend of mainland companies utilizing Hong Kong as a strategic gateway to diversify capital sources beyond restricted onshore markets.
Meat giant JBS is pivoting into the leather sector, finalizing a partnership with Viva Holding, Vanz Holding, and Viposa Participações to create a new entity dubbed JBS Viva. This joint venture aims to consolidate raw hide production and processing under a shared governance structure between JBS and Viva.
A mixed session for individual equities saw Beta Bionics and Granite Point Mortgage Trust face steep declines following negative corporate announcements, while FTAI Aviation found momentum after unveiling a significant capital return program. These divergent paths highlight how immediate fiscal decisions are recalibrating investor sentiment across the sector.
Microsoft shareholders will see a payout boost this December, as the company lifted its quarterly dividend to 98 cents per share. This 8% increase marks a continuation of the tech giant's annual tradition of adjusting shareholder returns every September, up from the previous rate of 91 cents.
Investors are shifting capital toward health care as the sector proves more resilient than the broader market against ongoing inflation and interest-rate volatility. While major indices faced sharper declines during the latest trading session, health-related equities maintained relative stability, drawing interest from traders seeking defensive positions amid broader economic uncertainty.
A 2.4% drop in monthly restaurant visits has triggered a sell-off across the consumer sector, as investors weigh the impact of mounting gasoline prices and credit costs. The decline, which outpaces the cooling observed over the previous two months, signals a sharper shift in household spending habits than analysts anticipated.
