Stocks
Single names, sectors, valuations and the trades behind the tape, explained in plain language.
KKR-backed Wella files for NYSE IPO as revenue hits $2.94 billion
Wella Company, the KKR-backed maker of OPI nail polish, has filed for an IPO on the New York Stock Exchange. The company reported $2.94 bill
Elliott pressures Air Liquide to close 9-point margin gap with Linde
Activist investor Elliott has reportedly taken a stake in Air Liquide and is pressing the €108bn industrial-gases group to lift profitabilit
Herbalife shares plunge 11% as CEO Gratziani to step down
Herbalife's stock dropped more than 11% after CEO Stephan Gratziani said he will step down on Oct. 31. The company reaffirmed its Q3 and ful
Aon's $17B USI Deal Tests Investor Patience as Rates Rise
Aon agreed to buy USI Insurance Services for $17 billion in cash, but investors punished the deal, sending shares down 8%. Rising Treasury y
Engine Capital pushes EPAM to buy back shares or explore a sale
Activist investor Engine Capital, which owns 1.5% of EPAM Systems, is pushing the IT services firm to use its $750 million cash pile for sha
California wildfire liability fears hit PG&E and Edison shares
PG&E and Edison shares fell after a TV report said California lawmakers rejected limits on wildfire damages. Investors worry about the finan
Campbell's price hikes may slow its volume recovery, RBC warns
RBC Capital Markets expects Campbell's to lift prices 3-5% in October or November to offset costs, but retail checks show Meals & Beverages
Morgan Stanley raises Honeywell target to $250 on post-spin focus
Morgan Stanley raised its Honeywell price target to $250, pointing to faster innovation in Building Automation after the Aerospace spin-off.
Aon's $17B USI deal targets mid-sized business insurance
Aon is buying USI Insurance Services from KKR for $17 billion, a move that deepens its presence in insurance for mid-sized US businesses and
GRT Jewellers to acquire 74% stake in TBZ, open offer to follow
GRT Jewellers is set to take control of TBZ, a well-known Indian jewelry chain, in a deal worth up to 10.34 billion rupees. The acquisition
Yorkville launches AI ETF as it nears SMA acquisition
Yorkville America, the ETF manager behind Trump-linked Truth Social funds, is launching an AI-themed ETF on Monday. The firm also expects to
VW unions threaten 'maximum resistance' as board weighs plant closures
Germany's largest union is gearing up for a fight as Volkswagen's supervisory board prepares to vote on three restructuring plans that could