DHL Group’s contract logistics arm has tentatively agreed to acquire Tampa, Florida-based SDS Rx, a provider of specialized final-mile delivery to medical establishments, as part of the company’s strategic focus on building capabilities in the high-margin healthcare logistics. SDS Rx provides delivery services for long-term care facilities, hospitals, laboratories, drug distributors, specialty pharmacies and nuclear pharmacies. SDS Rx operations will be integrated into DHL Supply Chain’s North American Li ...

(Reuters) - U.S. power equipment maker GE Vernova said on Thursday it agreed to sell Proficy, its industrial software business, to asset management firm TPG for $600 million as part of cost-cutting measures. Shares of the company rose 1.2% to $651 in premarket trade. Proficy currently accounts for about 20% of GE Vernova’s electrification software revenue, which more than doubled to $332 million in the second quarter from a year ago. In April, GE Vernova said on its first-quarter call it expects a $300 ...

NEW YORK (Reuters) - U.S. consumer prices rose more than expected in August while the annual increase in inflation was the largest in seven months, although the numbers will not prevent an interest rate cut from the Federal Reserve next week in the midst of a weakening labor market. The Consumer Price Index rose 0.4% last month after increasing 0.2% in July, the Labor Department's Bureau of Labor Statistics (BLS) said on Thursday. In the 12 months through August, the CPI advanced 2.9%, the largest increas ...

TimesSquare Capital Management, an equity investment management company, released its “U.S. Small Cap Growth Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund returned 11.28% (gross) and 11.02% (net), compared to the Russell 2000 Growth Index by 11.97%. Equities posted double-digit returns in the second quarter as global economic activity measures lifted. In addition, please check the fund’s top five holdings to know its best picks in 20 ...

Australia’s Bega Group has found a buyer for its peanut processing assets but still plans to go ahead and close the business. Bega announced in July it would shutter the Peanut Company of Australia (PCA) and its factories in Kingaroy and Tolga in Queensland in a phased manner over an 18-month period. The company said today (11 September) it is optimistic that around 30 of the 150 jobs at risk will be saved after it reached an agreement to sell the land, buildings and equipment at the two sites to Crumpto ...

U.S. inflation accelerated modestly in August, suggesting the Federal Reserve may have some leeway to cut interest rates at its September meeting. Consumer prices rose an annual 2.9% in August, the Labor Department said on Sept. 11, up from a 2.7% annual increase in July. But a reading of “core inflation,” which ignores more volatile categories of spending, stripping out food and energy items, was at 3.1% for the second month in a row. Both readings matched the consensus forecast from economists surveyed ...

Key Points If it obtains regulatory approval for its GLP-1 pill, that would be a huge catalyst ahead. The company already has injectable GLP-1 drugs that are generating billions in revenue, Despite its valuation, the stock only appears expensive when you look at the short term. 10 stocks we like better than Eli Lilly › Eli Lilly (NYSE: LLY) shares have been disappointing to own this year. As of the end of last week, they were down more than 4% since the start of the year. But this has still been a ...

People shop at a supermarket on 18 July 2025 in Rockville, Maryland.Photograph: China News Service/Getty Images Inflation rose slightly in August as companies continued to push the cost of tariffs onto consumers. The newest update to the consumer price index (CPI), which measures a basket of goods and services, showed that prices increased 2.9% over the last year – the highest since January. Core CPI, which excludes energy and food costs, stayed stable at 3.1% after going up in July. Despite this slight u ...

Eightco Holdings Inc. (NASDAQ:OCTO) shares slid after it announced on Thursday that its Nasdaq ticker symbol has officially changed to ORBS. The company said this rebranding does not affect shareholder rights and requires no action from investors. The change follows a $270 million private placement to support Worldcoin’s treasury strategy. Among the investors were World Foundation, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, and BitMine Immersion Technologies (NYSEAMERICAN: BMNR), which contributed $20 ...

Chris Kleponis / CNP / Bloomberg via Getty Images Oracle co-founder Larry Ellison briefly became the world's richest person ahead of Elon Musk on Wednesday, according to Bloomberg KEY TAKEAWAYS Oracle shares advanced in premarket trading Thursday, a day after soaring 36% in their best session since 1992. The surge in Oracle stock yesterday briefly lifted the net worth of chair and co-founder Larry Ellison above that of Elon Musk to become the world's richest person, according to Bloomberg. Several an ...