Vale to Adopt Wabtec's Train Control Technology in Brazil

Wabtec (WAB) said Thursday it has signed an agreement with Vale (VALE) to implement the Positive Train Control system to improve safety standards on the Carajas Railway and the Vitoria a Minas Railway in Brazil.

The firm said that the project, representing an investment of about 1 billion Brazilian real ($196 million), will be implemented in phases through 2031.

The PTC system enhances predictability and reliability in railway operations through data transmission and monitoring technology, the company said.

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Update: United Airlines Fiscal Q2 Adjusted Earnings Fall, Revenue Rises

(Updates with Q3 and 2026 guidance in the fifth and sixth paragraphs.)United Airlines (UAL) reported fiscal Q2 adjusted earnings late Wednesday of $1.99 per diluted share, down from $3.87 a year earlier.Analysts polled by FactSet expected $1.88.Revenue for the three months ended June 30 was $17.67 billion, up from $15.24 billion a year earlier.Analysts expected $17.62 billion.For Q3, the company expects adjusted EPS of $2.50 to $3.50. Analysts expect $3.53.For the full year 2026, the company currently expects adjusted EPS of $9.00 to $11.00. Analysts expect $10.47.

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Top Cryptocurrencies Mixed; Bitcoin Holds Above $64,000

Major digital assets were mixed Wednesday, with Bitcoin (BTC-USD) holding above $64,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 0.5% in the past 24 hours. The Nasdaq rose 0.6%, the S&P 500 gained 0.4%, and the Dow Jones Industrial Average climbed 0.2%.Bitcoin increased 0.5% to $64,898, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 1.3% to $28.5 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, rose 2.4% to $1,925.XRP (XRP-USD) fell 0.6%, BNB (BNB-USD) declined 0.1%, and Solana (SOL-USD) eased 0.1%. Dogecoin (DOGE-USD) dropped 0.7%, while Cardano (ADA-USD) increased 0.1%.The US 10-year Treasury yield stood at 5.076% at 3 p.m. ET Wednesday, down from 5.098% Tuesday, while the five-year yield dropped to 4.255% from 4.319%.The total market value of the cryptocurrency industry rose 0.6% in the past 24 hours to $2.23 trillion, with trading volume declining 2.5% to $69.1 billion.Price: $64922.43, Change: $-52.32, Percent Change: -0.08%

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Vale to Adopt Wabtec's Train Control Technology in Brazil

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