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Publicis Groupe has initiated a share buyback program worth up to €175 million ($207.8 million) to cover its long-term incentive obligations. The French advertising giant appointed an undisclosed investment services provider to execute the purchases, which are scheduled to conclude no later than April 10.
Toronto’s benchmark index retreated on Thursday as a sell-off in materials and tech sectors combined with a strategic slowdown at Restaurant Brands International to drag the market lower.
Shares of transportation technology provider RXO plummeted on Monday after the company priced a $400 million offering of senior notes due 2031. The sell-off, which saw the stock drop to $12.20, follows the firm's strategic move to refinance existing higher-interest debt.
Petroleum futures fell sharply during midday trading on Thursday as a significant surge in U.S. crude inventories and a downgraded global demand forecast outweighed persistent geopolitical tensions in the Middle East.
U.S. soybean export sales fell significantly short of market expectations for the week ending Feb. 5, even as corn and wheat volumes surpassed analyst projections, according to the latest data from the USDA.
ATN International shares surged 11% to a 52-week high after the company announced a deal to sell 214 towers and related operations for up to $297 million in cash. The divestiture to Everest Infrastructure Partners marks a major liquidity event for the communications firm, which has seen its stock price climb 69% over the past year.
Organon shares tumbled 13% after the pharmaceutical firm reported fourth-quarter earnings and revenue that fell short of Wall Street expectations. The sharp decline underscores a difficult year for the company, which has seen its stock price plummet by more than half over the last 12 months.
Howmet Aerospace shares surged more than 10% on Thursday after the company posted fourth-quarter earnings that surpassed Wall Street expectations and issued a bullish forecast for the coming year. The manufacturer reached a new record high of $255.05 following the report, driven by accelerating demand across its commercial and defense segments.
Conduent Inc. shares experienced extreme volatility on Wednesday after the company reported a $33 million fourth-quarter loss and declining revenue, though improving trends in its core segments helped the stock bounce off a new 52-week low.
California Governor Gavin Newsom announced Wednesday the final sealing of 21 oil wells at the AllenCo Energy site in Los Angeles, ending a ten-year legal conflict over public health and environmental violations. The decommissioning marks a definitive victory for University Park residents who have reported chronic health issues and safety hazards linked to the facility since 2013.
Zebra Technologies shares soared on Thursday after the maker of barcode and tracking systems reported fourth-quarter revenue that exceeded analyst expectations and issued a bullish growth forecast for the coming year. The stock’s nearly 20% rally marked its strongest single-day performance in over two decades, signaling investor confidence despite a year of broader market headwinds.
Tripadvisor stock plunged to a one-year low on Thursday after the online travel giant reported a surprise fourth-quarter loss and missed analyst estimates on both the top and bottom lines.
Wajax, the Canadian industrial products and services provider, has appointed George McClean as its new president and chief executive officer. McClean is scheduled to take the helm on March 3, succeeding Iggy Domagalski following a structured leadership transition initiated late last year.
Seres Therapeutics shares tumbled 26% to $10.40 in premarket trading Thursday after the company announced a 30% workforce reduction and the suspension of a key clinical program. The biotech firm is pausing development of its infection-prevention candidate, SER-155, as it maneuvers to extend its financial runway amid a tightening capital environment.
Rollins Inc., the parent company of Orkin, saw its shares plunge 14% in premarket trading after reporting fourth-quarter earnings and revenue that failed to meet Wall Street expectations. Despite double-digit revenue growth, the pest-control giant struggled to keep pace with analyst projections, erasing its year-to-date gains.
Brookfield Corp. has authorized a 17% increase to its quarterly dividend after its core asset management business delivered record results, helping the Toronto-based investment giant surpass Wall Street expectations for the final quarter of the year.
Coincheck Group announced on Thursday that Chief Executive Gary Simanson will resign effective March 31, with Pascal St-Jean set to take over the role on April 1. The leadership transition follows the company’s recent move to acquire digital asset manager 3iQ Corp and signals a new focus on institutional growth.
Sphere Entertainment shares jumped Thursday after the company reported a surprise fourth-quarter profit, fueled by robust ticket sales and advertising revenue at its signature Las Vegas arena. The entertainment firm comfortably cleared Wall Street estimates, swinging from a significant loss a year ago to a net income of $57.6 million.
Telus Corp. missed fourth-quarter analyst estimates on Thursday as a sharp decline in mobile equipment sales and aggressive market competition squeezed both the top and bottom lines. The Canadian telecommunications giant reported net income of C$290 million ($213.6 million), down from C$320 million in the same period last year, reflecting cooling demand for new hardware and a shift in consumer spending.
Biotechnology firm Arvinas has appointed Randy Teel as its new president and chief executive, succeeding John Houston as the company moves into its next phase of clinical development. The appointment, announced Thursday, follows a search process initiated after Houston’s retirement plans were first disclosed in November.
Porch Group shares jumped 19% in premarket trading after the housing software and insurance provider issued a robust revenue outlook for 2026, signaling long-term growth that outweighed a recent quarterly loss.
BridgeBio Pharma shares jumped 15% in premarket trading after the company reported successful Phase 3 results for infigratinib, its oral treatment candidate for children with achondroplasia. The study met its primary growth objectives and achieved a first-of-its-kind improvement in body proportionality, clearing the path for a regulatory filing later this year.
Franco-Nevada has committed $250 million in royalty financing to i-80 Gold, providing the Nevada-focused miner with the capital necessary to scale operations and consolidate its debt. The deal centers on a net smelter return royalty across i-80’s entire asset portfolio as the company targets a massive production increase by 2032.
Ametek Inc. announced on Thursday that its board of directors has approved a 9.7% increase in its quarterly cash dividend, raising the payout to 34 cents per share. The decision signals the Pennsylvania-based industrial technology firm’s confidence in its cash flow and long-term financial position.
Canadian dairy giant Saputo has reached a agreement to sell an 80% stake in its Argentine operations to Peru’s Grupo Gloria for C$543 million ($400 million). The transaction, which values the division at an enterprise value of C$855 million, marks a significant restructuring of Saputo’s South American footprint while maintaining a 20% minority interest.
U.S. natural gas inventories likely plunged last week as freezing temperatures from winter storm Fern sparked a surge in heating demand. According to a Wall Street Journal survey, analysts expect a withdrawal of 264 billion cubic feet (Bcf) for the week ended Feb. 6, significantly outpacing historical seasonal averages.
Intact Financial’s board of directors has approved a new share repurchase program to buy back up to 5.3 million shares over the next 12 months, representing approximately 3% of its outstanding equity, the company announced Thursday.
Knight-Swift Transportation’s board of directors has authorized an 11% increase to its quarterly cash dividend, raising the payout to 20 cents per share. The adjustment, announced Thursday, signals the Phoenix-based carrier's ongoing commitment to shareholder returns as it navigates the current logistics environment.
Five employees of Canadian miner Vizsla Silver remain unaccounted for following a mass abduction in Concordia, Mexico, as the company confirms that several other workers taken in the January incident have been found dead.
Mercedes-Benz has issued a recall for nearly 12,000 electric vehicles in the United States following warnings that high-voltage battery failures could cause fires while the cars are parked or in motion. The National Highway Traffic Safety Administration (NHTSA) is urging owners to park affected vehicles outdoors and away from structures until a permanent fix is implemented.