Business
Bystronic acquires Swiss automation firm Isochronic
Swiss industrial group Bystronic expands its automation portfolio with the purchase of Isochronic, a specialist in high-speed robotic systems for sheet metal processing.
Kantonalbank expansion must be strategic, not just for growth: expert
Reto Jauch warns Swiss regional banks against expansion for its own sake, citing governance and strategic discipline as critical to success amid rising competition and technological change.
Lumi reports record H1 2026 revenue and 20% margins
The company disclosed its first-half 2026 financial performance in newly published slides.
Hanmi Pharm licenses obesity drug candidate to Genentech for up to $2.3 bln
South Korean biotech Hanmi Pharm will receive $190 million upfront and potential milestones under a global licensing pact with Genentech for HM17321, a novel UCN2-based obesity therapy excluding South Korea.
Orangekloud to acquire VeVe operator Orbis in $100M deal, rebrand to VEVE
Orangekloud Technology will acquire Orbis Technology, operator of the VeVe digital collectibles platform, in a stock-and-cash transaction valued up to $100 million. The combined entity will rebrand as VEVE and list on NASDAQ under the ticker VEVE.
Bank Frick posts 4.7% profit decline in H1 amid crypto outflows
Net income fell to 4.3 million francs as net interest income dropped 15.1% and trading revenue slumped 38.5%. Customer assets declined 9% to 6.9 billion francs.
Real Brokerage and RE/MAX merge to form Real REMAX Group
The newly formed Real REMAX Group begins trading on Nasdaq under REAX after the $2.5 billion merger of The Real Brokerage and RE/MAX Holdings. The combined entity operates a global real estate platform with over 180,000 agents.
Ritchie Bros. launches mobile app with native bidding for global auctions
RB Global unit Ritchie Bros. unveils a redesigned mobile platform enabling direct phone-based bidding, targeting over 120 million annual marketplace visits across construction, transport and energy sectors.
Orangekloud to buy VeVe operator in $1 share deal, rename to VeVe Inc.
Singapore-based Orangekloud will acquire Orbis Technology, the VeVe digital collectibles platform operator, in a share swap valued at $1 per share. The combined entity will trade as VeVe Inc. under ticker VEVE.
Meta to pay up to $18 bln in U.S. child protection settlement
Nearly 50 states reach agreement with Meta over claims its platforms were designed to addict minors. Deal includes default two-hour time limits for users under 18 and a decade-long payment schedule.
anyBOUND and JTB launch crypto-focused travel rewards and VIP retreats
Partnership combines anyBOUND's crypto incentives with JTB's global travel network to offer tailored retreats and reward programs for blockchain projects.
Weatherford, NCS Multistage set Aug. 31 merger election deadline
NCS Multistage shareholders must choose between cash and stock options by Aug. 31, 5 p.m. ET. Deal expected to close Sept. 1, pending customary conditions.
LPL Financial appoints Jonathan Lewis as CTO and CIO
Lewis, a former Wells Fargo and J.P. Morgan executive, will oversee technology architecture, engineering and infrastructure for LPL Financial, which manages $2.6 trillion in assets.
NextNav, Tiami Networks team up on 5G drone detection tech
Partnership combines NextNav’s 5G PNT network with Tiami’s sensing tech to develop counter-UAS solutions for long-range airspace monitoring and critical infrastructure protection.
DKSH acquires Thai active pharmaceutical ingredient distributor
Swiss distribution services firm DKSH expands its pharmaceutical business in Southeast Asia with the purchase of P.R. Chemicals. Deal expected to close in Q4 2026.
U.S. probes Apex Logistics over alleged Nvidia chip smuggling to China
Singapore-based logistics firm faces investigation into 47 shipments of AI hardware, including Nvidia and Super Micro systems, potentially violating U.S. export controls. Probe led by Commerce Department's Bureau of Industry and Security.
Shaver Shop posts record AUD 225 mln FY2026 sales, lifts gross margin to 46.3%
Australia-based personal care retailer Shaver Shop reported its highest annual sales in 40 years, driven by exclusive brands and online growth, while gross margin expanded to a record 46.3%.
IGO posts AUD 145m FY26 profit as revenue falls 12%, dividend declared
Australian miner IGO posted a 145% rise in statutory net profit for FY26 despite revenue falling 12% year-over-year, while declaring a fully franked dividend of AUD 0.05 per share.
Biogen to deploy Veeva Vault CRM globally in life sciences push
Biogen selects Veeva’s cloud-based Vault CRM to unify global commercial operations amid digital transformation in pharma.
UL Solutions opens European retail hub in Italy with testing, advisory services
New Lombardy center expands UL Solutions' global retail support network with pre-market services, testing, and sustainability offerings for furniture, apparel and cosmetics.
GUSS to deploy Ouster lidar sensors in autonomous orchard fleet
John Deere subsidiary GUSS Automation will integrate Ouster's Rev8 OS0 digital lidar sensors into next-gen autonomous orchard machines, targeting high-value crop environments where GPS precision falls short.
J.M. Smucker beats Q1 earnings estimates, raises full-year outlook
Coffee and snack giant posts adjusted EPS of $3.24, up 71% year-over-year, as tariff refunds and volume growth drive results. Shares climb 4.5% in premarket trading.
Bath & Body Works Q2 earnings beat estimates by 158%, guides FY27 EPS above consensus
Retailer posts Q2 EPS of $0.62 vs. $0.24 forecast, matching $1.5 billion revenue consensus. FY27 guidance set at $2.60–$2.80 EPS, above $2.65 mean estimate.
JinkoSolar posts wider-than-expected loss, revenue misses forecasts
Solar panel maker JinkoSolar reported a second-quarter loss of ¥13.19 per share, missing estimates by ¥7.10, while revenue declined to ¥12.36 billion against a ¥15.73 billion forecast.
Kohl's Q2 earnings surge 124% as revenue misses estimates
Retailer posts adjusted EPS of $1.28 versus $0.57 forecast, while sales of $3.32 billion trail $3.40 billion consensus. Full-year EPS guidance raised to $1.80–$2.40.