Business — Page 145

Diluted EPS rose 16% to $0.71, while the provision for credit losses declined to $68 million from $105 million a year earlier.

The 21,000-square-meter facility is expected to produce up to 20,000 metric tonnes of insulation materials annually and create more than 100 skilled jobs.

Only $2.6 billion was active as of Aug. 31. The Glomfjord project was six months behind schedule as of Oct. 16.

U.S. Bancorp and M&T recorded year-over-year gains, while PNC’s nonperforming loans rose and Regions’ charge-off rate fell.

The airline’s July outlook called for adjusted earnings of 50 cents to 75 cents per share. Its earnings call is scheduled for Oct. 22.

Shareholders of record Nov. 17 are eligible for the payment, scheduled for Dec. 1.

The company had $5.9 billion in cash and said cash, operating inflows and financing should cover anticipated liquidity needs for at least 12 months.

Oracle expects 13% of its companywide RPO to become revenue in the next 12 months. Quarterly capital expenditures exceeded operating cash flow.

Adjusted earnings from continuing operations rose, but organic sales fell 1.3% and a separate adjusted earnings-per-share measure declined.

QatarEnergy and TotalEnergies agreed to develop a solar plant in Lebanon. The country’s electricity-sector plans are due to go before Cabinet soon.

A $20,000 transfer between Hyundai affiliates averaged seven minutes, compared with a three-to-four-hour interbank benchmark.

Mark Levine urged Anthropic to pause its IPO until it addresses concerns about AI safety, governance and development pace. At a private Oct. 14 meeting, the company presented investors with $16.8 billion in third-quar…

GCUL supports real-time asset transfers and programmable settlement around the clock.

Plasma is a design partner on Stripe’s multi-currency stablecoin card project, but the plans give no launch date or defined role for XPL.

Jump’s desk plans over-the-counter contracts, perpetual futures and prediction bets tied to computing capacity. CME’s proposed GPU futures remain pending, with a launch window later this year.

The preliminary estimate ties the decline in pretax adjusted operating income to a sales suspension at Prudential Japan.

The concepts include access outside regular stock-market hours, managed portfolios and loans backed by stock holdings.

The notices cover two ZIL pairs and three SOPH pairs; withdrawals are scheduled to remain available through Dec. 16.

The track-only Thrust version has rear-mounted cold-gas thrusters and accelerates from a standstill to 100 kilometers per hour in less than one second.

Balances left in the app after shutdown will incur a monthly 2% management fee, with a minimum charge equivalent to $100.

The dollar-repayable borrowing covered 5,790.4798 ZEC; a July contract schedules 9,000 mining machines for delivery in October and November 2026.

The offering covers 11,111,111 shares. Underwriters have a 30-day option to buy up to 1,666,666 additional shares.

Learning Studio will offer study aids based on assigned McGraw Hill course content in select courses. The partnership adds guided discussions and AI-supported feedback for instructors.

Shifts in Gulf oil shipments and tighter fuel markets are supporting cargo trading and overseas refinery margins. PetroChina’s first-half results cover the wider company.

The total included 121,706,506 Class A shares and 2,000,000 Class B shares; the estimated free public float was 100,867,842 Class A shares.

The nonbrokered offering covers up to 9 million units. Steadright also appointed Tyler Burpee to its board, effective Oct. 15, 2026.

The proposal caps the purchase price at 150% of the average share price over the 30 trading sessions before board approval.

Revenue is forecast at CNY 265 billion to CNY 270 billion, and the company cited AI-computing demand and improving DRAM industry conditions.

GE Aerospace, RTX, Northrop Grumman and Lockheed Martin are scheduled to report next week. Investors will look for revenue growth, profitability and full-year outlook updates.

Proceeds would also support other debt payments, Vaca Muerta development spending over the next 18 months and general corporate purposes.

The split is expected to reduce outstanding common shares to about 1.05 million. Authorized common shares will remain at 500 million.

The company expects third-quarter sales of $336 million to $340 million and appointed board member Douglas Grimm interim CEO effective Oct. 16.

Higher Treasury yields and wider mortgage-backed securities spreads may erode book value, while net spread income is watched as a measure of dividend coverage.

It also added Chainlink’s Automated Compliance Engine to its marketplace as the partnership expands into identity and trust infrastructure.

The Nasdaq-listed company holds about 473 million XRP and expects its institutional strategies to begin in the fourth quarter of 2026.

Agents check GitHub issues, Replit’s codebase and Linear tickets as employees make decisions about responses and fixes.

Average allocated capital rose to $2.56 billion from $1.93 billion in Q1, while gross returns totaled $35.50 million.

The split is projected to reduce issued common shares to about 6.06 million. Holders due fractional shares will receive cash based on a five-session average price.

Anthropic's third-quarter revenue rose 45% from the prior quarter, while investors discussed a $1.5 trillion offering valuation at an Oct. 14 meeting.

Annual data-center electricity use is projected to reach 636 TWh in 2050, about 11% of India’s total consumption that year.