JQJOLatest news →

Business news archive · Page 54

Find published stories by month and topic.

Browse by month

Musk settles SEC case with $1.5 million penalty

Washington — Elon Musk agreed this week to settle a U.S. Securities and Exchange Commission civil lawsuit by having a trust in his name pay a $1.5 million civil penalty, the parties disclosed in federal court in early Ma…

Aura, Cabaletta Complete Major Public Offerings This Week

Boston — Aura Biosciences announced on May 4 that it priced an underwritten public offering of common stock and pre-funded warrants, offering 39,591,000 shares and up to 3,800,000 pre-funded warrants at $6.00 and $5.9999…

GameStop Offers $125 Per Share to Acquire eBay

Texas, US. On May 4, 2026, GameStop Corp. submitted a non-binding proposal to acquire 100 percent of eBay Inc., offering $125.00 per share composed of 50 percent cash and 50 percent GameStop common stock; the company sai…

Budget Airlines Seek $2.5B; Transport Secretary Opposes Rescue

Washington — U.S. Transportation Secretary Sean Duffy said Saturday at Newark Airport that the federal government should not provide a $2.5 billion bailout to low-cost carriers following the collapse of Spirit Airlines. …

Spirit Shutdown Strands Travelers, Spurs Industry Flight Shifts

Orlando — Spirit Airlines abruptly ceased operations Saturday, cancelling flights and leaving thousands of passengers stranded at airports including Orlando International Airport and others nationwide. Travelers reported…

Twist Loss, Tyson Profit Mark Mixed Q2 Results

South San Francisco and Springdale: Twist Bioscience Corp. on Monday reported a $44 million loss in its fiscal second quarter, recording a loss of 71 cents per share (62 cents adjusted) and $110.7 million in revenue, whi…

Law Firm Seeks Lead Plaintiffs in Four Lawsuits

Los Angeles — The Schall Law Firm on May 4, 2026 issued investor notices announcing class action matters against Oddity Tech Ltd., monday.com Ltd., Gartner, Inc., and Alight, Inc., alleging violations of §§10(b) and 20(a…

Pistons Beat Magic, Detroit Prepares For Cavaliers Clash

Detroit Pistons beat the Orlando Magic 116-94 in a Game 7 on Sunday, securing their first playoff series win since 2008 and advancing to the Eastern Conference second round; Cade Cunningham scored 32 points with 12 assis…

Berkshire Hathaway Q1 Profit Rises, Cash Nears Record

Omaha, Nebraska. Berkshire Hathaway reported on Saturday that its first-quarter operating profit rose 18% to $11.35 billion and that net income, including investment gains, more than doubled to $10.1 billion, equating to…

Spirit Airlines halts operations, cancels all flights immediately

West Palm Beach: Spirit Airlines announced on May 2, 2026, that it had begun an orderly wind-down of operations, effective immediately, canceling all flights and suspending customer service. The company said it was endin…

US raises EU auto tariffs to twenty-five percent

Washington — US President Donald Trump said on Friday that he will increase tariffs on cars and trucks from the European Union to 25 percent next week, up from a previously agreed 15 percent ceiling, and reiterated that …

Greg Abel Presides Over Berkshire's Annual Shareholder Gathering

Omaha, Nebraska. Greg Abel presided over his first Berkshire Hathaway annual meeting on Saturday, May 2, 2026, speaking directly to shareholders and taking the helm as chief executive while founder Warren Buffett watched…

Trump Offers Final Proposal as Spirit Eyes Shutdown

Washington — President Donald Trump said Friday the White House delivered a final proposal to Spirit Airlines and its creditors to try to rescue the bankrupt carrier, while Spirit prepared to cease operations if no deal …

US Closed-End Funds Announce Distributions, One Planned Reorganization

Philadelphia — This week multiple U.S. closed-end funds announced scheduled distribution payments and an approved reorganization. On April 30, 2026, Aberdeen-related funds and abrdn Global Income Fund, Inc. (FCO) paid di…

Union Pacific files amended $85B merger application this week

Omaha, Neb. — Union Pacific filed an amended application Thursday seeking approval to acquire Norfolk Southern for $85 billion, arguing the combined railroad would create a one-carrier coast-to-coast system and reduce de…

NNN and Ryman Report Q1 Results, Guidance Updated

Orlando — NNN REIT Inc reported first-quarter funds from operations of $165.7 million, or $0.87 per share, on Thursday, matching Wall Street estimates; the company reported net income of $94 million, or $0.50 per share, …

Companies Announce Earnings Releases and Report Results

Amityville, N.Y. — NAPCO Security Technologies said it will release fiscal third quarter 2026 results on Monday, May 4, 2026 before the market opens and will host an 11 A.M. ET conference call and webcast; Usio announced…

Multiple Firms Release First Quarter 2026 Financial Results

United States — Four U.S.-listed companies reported first-quarter 2026 financial results this week. Avantor (Radnor, Pa.) released results on April 29, Hayward Holdings reported for the quarter ended March 28, and Axalta…

United States stocks rally as Nvidia earnings loom

United States – U.S. equities have been climbing in recent sessions, supported by expectations that the Federal Reserve may begin cutting interest rates later this year and by strong optimism around artificial intelligen…

Supermicro opens largest US campus, expands AI solutions

San Jose, United States: On April 28 Super Micro Computer, Inc. announced its largest U.S. Data Center Building Block Solutions (DCBBS) campus near its San Jose headquarters, describing approximately 32.8 acres and more …

OpenAI Gains Multi‑Cloud Rights in Revised Microsoft Deal

San Francisco — Microsoft and OpenAI on April 27 announced a revision to their partnership that allows OpenAI to serve customers across rival cloud platforms while keeping Microsoft Azure as OpenAI's primary cloud and pr…

Commvault and Watsco Announce Quarterly Financial Results

TINTON FALLS, N.J. — Commvault Systems Inc. on Tuesday reported fiscal fourth-quarter profit of $14.6 million, or 34 cents per share, with adjusted earnings of $1.28 per share and revenue of $311.7 million, exceeding Zac…

Purple, Ultra Clean report first-quarter losses, issue guidance

Lehi, Utah and Hayward, California. Purple Innovation and Ultra Clean each reported first-quarter results on Tuesday: Purple disclosed a $30.5 million net loss with $95.7 million in revenue in the period, and Ultra Clean…

Major U.S. Companies Report Mixed First-Quarter Results

Ann Arbor, Michigan. Domino's Pizza reported first-quarter profit of $139.8 million on Monday, registering $4.13 per share and $1.15 billion in revenue, both below Zacks Investment Research consensus estimates; on Tuesda…

Investec files multiple Form 8.5 disclosures in April 2026

Taipei — Investec Bank plc disclosed client-serving share transactions under Rule 8.5 of the Takeover Code for Advanced Medical Solutions Group plc, Gamma Communications Plc, and NCC Group plc on April 24 and April 27, 2…

All 113 pages