Business — Page 113

The deal is targeted to close in the first quarter of 2027; financial terms were not disclosed.

Mercer is in advanced talks with holders representing more than 75% of the combined principal of its 2028 and 2029 notes on a recapitalization and capital infusion.

The senior secured financing is intended to expand computing capacity for Nebius’ AI cloud business worldwide.

Record third-quarter revenue rose 19.3% to $16.34 billion, but fuel expense increased 67.5% to $4.64 billion. The airline also forecast an adjusted fourth-quarter loss.

Comparable-store sales grew 0.4%, down from 3.9% a year earlier, as gross margin narrowed to 36.4%.

The company kept its organic sales and core EPS outlook, while forecasting a $1.4 billion after-tax commodity cost headwind for fiscal 2027.

Future Ventures contributed $78.5 million to the round. Co-founder Steve Jurvetson was an early SpaceX investor and former board member.

IBM CEO Arvind Krishna said large companies are scrutinizing AI returns. IBM reported $17.103 billion in third-quarter revenue.

Revenue increased 8% to $2.172 billion, while GAAP diluted EPS rose 33% to $4.88.

Adjusted diluted earnings were $3.84 a share, while the third-quarter net loss rate fell to 6.40% from 7.39% a year earlier.

Third-quarter revenue rose 10% year over year to $3.097 billion, while adjusted diluted earnings reached $3 per share.

United had Starlink active on more than 635 aircraft by Oct. 15, while federal agencies accounted for about 20% of SpaceX’s 2025 revenue.

The USDT-settled contracts track equities in the United States, Hong Kong and South Korea, along with commodities, indexes and ETFs.

The Beverage Solutions package includes a $300 million term loan and a $300 million revolver, with scheduled term-loan amortization set at 2.5% in Year 1 and 5% in Years 2–4.

Net income fell to $475.7 million, and diluted earnings of $2.53 per share came in below analyst estimates.

Meta expects its charter change to take effect Jan. 19, 2027, with the one-for-one stock dividend to follow within five business days.

Adjusted diluted EPS was $0.36. Adjusted revenue rose 10% in Financial Advisory and 12% in Asset Management.

The plan calls for about 5,000 workforce reductions in 2026, with roughly 60% affecting support functions, including developers.

Revenue reached $1.0792 billion, and average daily sales grew 8.6%, above the company’s earlier fourth-quarter outlook.

JPM Coin represents U.S. dollar deposits held by JPMorgan customers, and Ethereum transfers are limited to institutions approved by the bank.

Shareholders of record Nov. 16 are scheduled to receive payment Nov. 27. Third-quarter diluted earnings were $1.18 per share, up from $1.06 a quarter earlier.

The fourth-quarter payment is due Nov. 24 to shareholders of record Nov. 13. The increase followed higher third-quarter revenue and earnings.

The nonbinding memorandum covers tokenized real-world assets and instruments, digital-asset payment solutions, and remittance and settlement tools.

Third-quarter sales rose 60% to $1.204 billion, while non-GAAP diluted earnings reached $1.46 a share.

Revenue was $6.188 billion, while core earnings fell to $928 million from $1.142 billion a year earlier.

Net sales reached $11.267 billion, while volume fell 1% and currency had no year-over-year impact. Sales increased in all three operating segments.

Product revenue rose 4.7% year over year, while adjusted diluted EPS fell to 33 cents from 73 cents. Gentherm recorded a GAAP diluted loss of 8 cents per share.

The purchase was valued at $10.23 million. The company’s cash balance fell by $10 million to $245.3 million.

Premium subscribers exceeded the company’s outlook by one million, while monthly active users matched its target at 788 million.

The loss covered the three months ended Sept. 30.

SK hynix remained the largest supplier by revenue share at 50%, down from 58% in the first quarter; Micron’s share slipped to 18%.

Revenue rose 54% to $8.219 billion in the quarter ended Sept. 27. Lam forecast December-quarter revenue of $8.60 billion, plus or minus $400 million.

A limited fire affected several floors of an administrative building. No casualties or halt to oil production or exports were indicated.

The service is designed to move eligible U.S.-listed stocks and ETFs from other brokerages without requiring customers to sell them first.

The revised estimate is about $300 million below Netflix’s earlier target. The change reflects a slightly slower-than-expected rollout of some advertising product capabilities.

Pendle also amplified the announcement of the upcoming gathering.

The institutional program targets a fourth-quarter 2026 start. A later DeFi phase depends on validators activating native lending features on the XRP Ledger.

The program starts in fiscal 2027 and applies worldwide. Taiwan employees will also receive higher retirement contributions and three additional paid days off.

The payout equals $1.19 per share on an annualized basis and is 2% above the year-earlier quarter.

Shareholders must be on record Nov. 10 to qualify for the Dec. 10 distribution.