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Icon Energy Invests in Chartered Containership

Icon Energy (ICON) said Tuesday it agreed to participate as a minority investor in the acquisition of a containership using available cash, with closing expected in late June.The company said it will acquire an approximate 5% equity stake in the entity formed to own the 2008-built container feeder vessel alongside maritime investors.An investment-grade operator will charter the ship for up to 26 months at a fixed daily rate of $26,500 to generate about $19 million in guaranteed revenue, Icon Energy said.Price: $1.10, Change: $+0.01, Percent Change: +0.92%

$ICON

Wire19d ago

Rivian Automotive Starts Public R2 SUV Deliveries

Rivian Automotive (RIVN) said Tuesday it started the first public customer deliveries of its new R2 mid-size SUV from its production plant in Normal, Illinois.The electric vehicle manufacturer also began issuing order invitations to existing pre-order holders on a rolling basis, providing accelerated distribution timing for current owners, the company said.Initial vehicle rollouts feature the R2 Performance model with a launch package starting at $57,990, while Premium setups will arrive late this year, and Standard options will debut through 2027, it added.The firm intends to construct additional assembly capacity for the SUV line at a second manufacturing plant in Stanton Springs, Georgia, which will begin assembling vehicles in late 2028, Rivian said.Price: $16.25, Change: $-0.59, Percent Change: -3.53%

$RIVN

Wire19d ago

Correction: --VodafoneThree Submits Acquisition Bid for TalkTalk's Consumer Business, Financial Times Reports

$VOD

Wire19d ago

VodafoneThree Submits Acquisition Bid for TalkTalk, Financial Times Reports

$VOD

Wire19d ago

AIM ImmunoTech Launches $2.7 Million Registered Direct Offering, Private Placement

AIM ImmunoTech (AIM) has launched a registered direct offering and a concurrent private placement priced at-the-market under NYSE American rules for gross proceeds of around $2.7 million, the company said Tuesday.Under the direct offering, AIM will issue and sell about 2.6 million shares at $0.5189 per share, the company said. Under the private placement, the company will issue and sell the same amount of unregistered shares and unregistered class J warrants to purchase up to 10.2 million shares, according to a statement.The class J Warrants will have an exercise price of $0.5189 per share, AIM said.The offering is expected to close on or about Wednesday, the company said.AIM said it intends to use the net proceeds for the manufacture of clinical drug supply, its current clinical trial activities, its planned Phase 3 clinical trial activities, and working capital purposes.Price: $0.43, Change: $-0.08, Percent Change: -15.64%

$AIM

Wire19d ago

Dow Expects Q2 Earnings Above Consensus; Shares Fall

Dow (DOW) shares were down 2.3% in Tuesday trading even after the company said it expects Q2 earnings of approximately $2.2 billion, above prior guidance and consensus.In a presentation at the Wells Fargo Industrials & Materials Conference Tuesday, Chief Financial Officer Jeff Tate said the company is "well-positioned to capture earnings upside."He pointed to stronger polyethylene pricing, steady packaging demand, and tightening supply as key supports for its outlook, alongside a focus on deleveraging and maintaining about $14 billion in liquidity.Price: $33.42, Change: $-0.78, Percent Change: -2.28%

$DOW

Wire19d ago

Update: BofA Securities Raises Price Target on Oracle to $240 From $200, Buy Rating Kept

(Updated to include BofA's commentary)BofA Securities raised its price target on Oracle (ORCL) to $240 from $200 ahead of its fiscal Q4 results, noting that underlying demand trends are strong throughout both cloud infrastructure and database workloads.The key areas of focus are centered on data center buildout and pace of revenue recognition, capex and financing needs tied to DC buildout, and sustained strength in the core business, analysts led by Tal Liani wrote in a Tuesday note.Oracle has an average rating of overweight and mean price target of $255.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $217.09, Change: $+5.27, Percent Change: +2.49%

$ORCL

Wire19d ago

Sterling Infrastructure Completes Stone Ridge Acquisition

Sterling Infrastructure (STRL) said Tuesday it completed the acquisition of Stone Ridge Contracting, a site development contractor, expanding its E-Infrastructure business into the Pacific Northwest.The company did not disclose the purchase price but said it is a combination of cash and Sterling stock and is within the company's "typical range for site development assets."The agreement also includes a contingent payment tied to EBITDA performance through Dec. 31, 2031, according to the company.Sterling said Stone Ridge will become part of its E-Infrastructure Solutions segment and will serve markets including data centers, mining, and industrial projects across Idaho, Oregon, North Dakota, Washington, and Texas.The company said Stone Ridge is expected to generate 2026 revenue of $180 million to $200 million with earnings before interest, taxes, depreciation, and amortization margins in the mid-teens.Sterling said it plans to update its 2026 financial guidance to reflect Stone Ridge's partial-year contribution when it reports Q2 results.Price: $899.74, Change: $+7.88, Percent Change: +0.88%

$STRL

Wire19d ago

Comcast to Expand Broadband Network in Wisconsin

Comcast (CMCSA) is expanding its broadband network in Wisconsin's Manitowoc and St. Croix counties to connect more than 5,500 new homes and businesses, the company said Tuesday.The network expansion will cover nearly 300 miles and provide access to multi-gigabit internet services, Comcast said.Construction is underway, with the first customers expected to become serviceable by the end of 2026 and the project scheduled for completion by the end of 2027, the company said.Price: $23.73, Change: $-0.04, Percent Change: -0.15%

$CMCSA

Wire19d ago

Longeveron Granted SME Status by European Medicines Agency

Longeveron (LGVN) said Tuesday it has been granted Small or Medium-sized Enterprise status by the European Medicines Agency, providing the company with regulatory and financial benefits as it advances drug development efforts in Europe.The EMA's SME program is designed to support smaller companies developing medicinal products by offering incentives and assistance throughout the regulatory process, including before and after product approval, the biotechnology company said.Price: $0.77, Change: $+0.01, Percent Change: +1.86%

$LGVN

Wire19d ago

Tetra Tech Selected as Lead Designer for Hydropower Dam Modernization Project

Tetra Tech (TTEK) said Tuesday it was selected as lead design engineer for the Progressive Design-Build Hydropower Dam Spillway Modernization Project for Chelan County Public Utility District in Washington.Tetra Tech said its staff will help develop new spillway infrastructure for the Rock Island Dam and the Rocky Reach Dam in Washington.Financial terms of the project were not disclosed.Tetra Tech shares were more than 2% higher in Tuesday trading.Price: $28.10, Change: $+0.51, Percent Change: +1.85%

$TTEK

Wire19d ago

Viavi Solutions Signs Deal With Square Peg Communications for 5G Satellite Testing

Viavi Solutions (VIAV) has signed a partnership with Square Peg Communications to improve testing for 5G satellite networks, Square Peg said Tuesday.Financial terms were not disclosed.The collaboration is intended to combine Viavi's TM500 Network Tester and the Square Peg RLS-2100 emulator to recreate the physical channel conditions and simulate user equipment, the company said.Price: $49.62, Change: $+0.87, Percent Change: +1.78%

$VIAV

Wire19d ago

Nucor Maintains Quarterly Dividend at $0.56 a Share; Payable Aug. 11 to Shareholders of Record as of June 30

$NUE

Wire19d ago

VenHub Global Expands Into Florida Market

VenHub Global (VHUB) has expanded into the Florida market through a commercial deployment with a local operator, the company said Tuesday.The company plans to roll out its retail platform across multiple stores in the Tampa Bay region in Q4 and early 2027, it said.The expansion is part of VenHub's broader commercial plan for 2026, which aims to deploy smart stores across the US through enterprise and operator partnerships, the company said.Price: $1.34, Change: $+0.03, Percent Change: +2.29%

$VHUB

Wire19d ago

Applied Materials Keeps Quarterly Dividend at $0.53 a Share; Payable Sept. 10 to Shareholders of Record on Aug. 20

$AMAT

Wire19d ago

Elmet Group Wins $4.3 Million Department of Defense Contract

Elmet Group (ELMT) said Tuesday its Elmet Technologies unit won a $4.3 million contract from the US Department of Defense.The funding will support domestic manufacturing expansions for molybdenum-based products and refractory metal components used in critical defense programs, the company said.The contract award is expected to upgrade precision machining and production automation to satisfy long-term demand for modern interceptor program components, Elmet Group said.Shares of the company were up 1% in Tuesday trading.Price: $17.82, Change: $+0.46, Percent Change: +2.65%

$ELMT

Wire19d ago

American Airlines, Google Sign Agreement for Sustainable Aviation Fuel Certificates

American Airlines (AAL) and Alphabet's (GOOG, GOOGL) Google entered into an agreement for sustainable aviation fuel certificates, the companies said Tuesday.The agreement will unlock 35 million gallons of sustainable aviation fuel over three years, with American purchasing and taking delivery of the physical fuel for Chicago O'Hare International Airport through existing infrastructure, the companies said.Additionally, Google will receive the environmental benefits to help address its emissions from employee business travel through the sustainable aviation fuel certificates registry, according to the companies.Financial terms related to the agreement were not disclosed.Price: $13.84, Change: $+0.24, Percent Change: +1.73%

$AAL$GOOG$GOOGL

Wire19d ago

TH International Names Kwok Wah Cheung as Chief Executive

TH International's (THCH) board has appointed Kwok Wah Cheung as chief executive, effective June 15, to succeed Yongchen Lu, according to a Tuesday statement.Lu will step down as the company's CEO to take over the role of chairman from Peter Yu, the company said.Yu will remain as a director of TH International.Price: $1.80, Change: $-0.04, Percent Change: -1.91%

$THCH

Wire19d ago

Veeco Instruments Gets Follow-On Order for Nanosecond Annealing System; Shares Rise Pre-Bell

Veeco Instruments (VECO) said Tuesday that one of its customers has placed a follow-on order for its Nanosecond Annealing System, which it expects to ship in the second half of 2026.Financial terms and the name of the customer were not disclosed.The semiconductor company also said it shipped an NSA500 system to a third advanced logic customer for evaluation.Shares of Veeco were up close to 3% pre-bell.

$VECO

Wire19d ago

GMEX Robotics Launches $2 Million Private Investment; Shares Rise Pre-Bell

GMEX Robotics (GMEX) said Tuesday it has signed a securities purchase agreement for a private investment in public equity financing for gross proceeds of $2 million.Shares of the company rose more than 23% pre-bell.Under the terms of the agreement, GMEX will issue around 1.9 million shares and about 3.7 million warrants to buy the same number of ordinary shares, initially exercisable at about $1.07 per share.Proceeds from the offering will be used to support ongoing operations, advance strategic growth initiatives, acquisitions, as well as for general corporate purposes.Price: $1.11, Change: $+0.22, Percent Change: +23.48%

$GMEX

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