Workers at Glencore's Australia refinery plan strike after pay talks fail
Reuters· 2026-03-11 04:35
Workers at Glencore's Australia refinery plan strike after pay talks fail | ReutersSkip to main contentExclusive news, data and analytics for financial market professionalsLearn more aboutRefinitivThe logo of commodities trader Glencore is pictured in front of the company's headquarters in the Swiss town of Baar November 20, 2012. REUTERS/Arnd Wiegmann/File Photo Purchase Licensing Rights, opens new tab- CompaniesGlencore PLCFollowMarch 11 (Reuters) - Workers at Glencore's (GLEN.L), opens new tab copper ref ...
Oracle stock is offering its AI future for free today: find out more
Invezz· 2026-03-11 04:33
Oracle stock is offering its AI future for free today: find out more# Oracle stock is offering its AI future for free today: find out moreArtificial intelligenceAuthorWajeeh KhanMar 11, 2026, 04:33 AM- He also revealed the single most important number in Oracle's Q3 earnings.- Gil Luria believes ORCL shares are insulated from AI disruption.- D.A. Davidson analyst explains why Oracle stock is inexpensive to own.D.A. Davidson's senior analyst Gil Luria continues to see Oracle (NYSE: ORCL) as exceptionally che ...
Black Pearl Commences Tender Offer for Selectis Health, Inc.
Prnewswire· 2026-03-11 04:32
Black Pearl Commences Tender Offer for Selectis Health, Inc. Accessibility Statement Skip NavigationBROOKLYN, N.Y., March 11, 2026 /PRNewswire/ -- Black Pearl Equities, LLC has commenced a tender offer to purchase up to 100% of the outstanding shares of Selectis Health, Inc. (OTCQB: GBCS) at $5.05 per share, in cash. The full terms of the offer, including complete instructions and links for shareholders who wish to tender their shares, are contained in the Schedule TO filed today with the Securities and Exc ...
Faraday Future Completes Delivery of EAI Robots in Texas, Expanding “Robot & Vehicle + Education” and “Robot & Vehicle + Performance” Scenarios
Businesswire· 2026-03-11 04:08
Core Insights - Faraday Future Intelligent Electric Inc. has announced the delivery of its Master robot and pilot delivery of the Aegis robot to NS Federation in Texas, which is a community service platform [1] Group 1 - The Master robot and Aegis robot are part of Faraday Future's Embodied AI ecosystem [1] - The delivery ceremony was documented in a video accessible online [1]
Cathay Pacific posts 9.5% rise in annual profit on strong passenger and cargo demand
Reuters· 2026-03-11 04:08
HONG KONG, March 11 (Reuters) - Hong Kong's Cathay Pacific Airways (0293.HK), opens new tab reported a 9.5% rise in its full-year profit on Wednesday, driven by robust passenger growth, increased capacity and a steady cargo performance. The Asian financial centre's flagship airline's net profit rose to HK$10.83 billion ($1.38 billion) for the year ended December 31, beating LSEG SmartEstimate's HK$10.05 billion and topping the HK$9.89 billion recorded in 2024. Sign up here. Skip to main content Exclusive ne ...
US-Iran Conflict Wipes Out Rs 70,000 Cr From LIC Portfolio
Rediff· 2026-03-11 04:05
Market Overview - The BSE Sensex and Nifty 50 have declined approximately 4.5% each since the onset of the West Asia conflict [5][6] - Mid and small-cap indices experienced steeper losses, with the Nifty MidCap and Nifty SmallCap indices dropping around 5% each during the same period [5] LIC Portfolio Impact - Life Insurance Corporation (LIC) has faced a significant erosion of Rs 70,105 crore in its stock portfolio due to the ongoing conflict, with its portfolio value decreasing from Rs 14.88 trillion on February 27, 2026, to Rs 14.17 trillion on March 9, 2026, marking a decline of 4.7% [3][4][6] - Year-to-date (YTD), LIC's total portfolio loss stands at 7.1%, equating to Rs 1.08 trillion as of March 9, 2026 [4] Sector-Specific Losses - Banking stocks were the most affected, contributing 21.8% (Rs 15,293 crore) of LIC's total losses, primarily due to declines in State Bank of India, ICICI Bank, and HDFC Bank [6][7] - Larsen & Toubro (L&T) also saw a significant decline, with a nearly 11% drop (Rs 7,609 crore) in its equity portfolio during this period [7] L&T Exposure and Forecast - L&T has substantial exposure to West Asia, with 75% of its international order book of Rs 3.57 trillion linked to the region, making it vulnerable to the ongoing conflict [10][11] - Analysts predict that L&T's core earnings could be negatively impacted by 11-12% for FY27E/28E due to potential execution delays and low order inflow, particularly in the hydrocarbon segment [12] - Current estimates suggest a 10% impact on FY26 order inflow for L&T, with around 12,000-15,000 workers currently engaged in West Asia [13] Analyst Ratings and Valuations - Analysts from Emkay Global maintain a 'Buy' rating for L&T, with a target price of Rs 4,800, while adjusting core business valuations to account for current volatility [13][14] - Motilal Oswal also retains a bullish long-term outlook on L&T but has adjusted the two-year forward target price to Rs 4,400 from Rs 4,600, reflecting near-term headwinds [14] Top Stocks Impacting LIC's Portfolio - The top stocks affecting LIC's portfolio include: - State Bank of India: 9.23% holding, equity valuation of Rs 92,856.43 crore, notional loss of Rs 8,730.38 crore - Larsen & Toubro: 12.69% holding, equity valuation of Rs 66,322.80 crore, notional loss of Rs 7,608.99 crore - ICICI Bank: 5.92% holding, equity valuation of Rs 43,987.23 crore, notional loss of Rs 3,498.59 crore - HDFC Bank: 4.77% holding, equity valuation of Rs 53,351.42 crore, notional loss of Rs 3,064.27 crore [15]
Anduril to acquire space surveillance firm ExoAnalytic eyeing more Golden Dome capabilities
Reuters· 2026-03-11 04:03
Core Insights - Anduril Industries has signed a definitive agreement to acquire ExoAnalytic Solutions, enhancing its capabilities in national security, particularly in space sensing and missile defense [1] Company Summary - The acquisition of ExoAnalytic Solutions will bolster Anduril Industries' position in the national security sector, focusing on advanced technologies for space awareness and missile defense systems [1]
Anduril expands into space as defense tech angles to support Trump's Golden Dome
CNBC· 2026-03-11 04:01
Core Insights - Anduril Industries has acquired ExoAnalytic Solutions to enhance its capabilities in U.S. defense interests in space [1][2] - The acquisition aims to leverage ExoAnalytic's network of telescopes and missile defense tracking to improve ground and satellite data collection [2] - Anduril seeks to enhance the Department of Defense's situational awareness in space, which is increasingly recognized as a "war-fighting domain" [2][3] Company Strategy - The acquisition is part of Anduril's strategy to provide the Department of Defense with comprehensive data on space activities, integrating both commercial and government investments [3] - Anduril's senior vice president emphasized the company's commitment to being a key player in supporting military operations in space [3]
Snap, Inc. Investigated by the Portnoy Law Firm
Globenewswire· 2026-03-11 04:00
Core Viewpoint - The Portnoy Law Firm has initiated an investigation into Snap, Inc. for possible securities fraud and may file a class action on behalf of investors [1] Financial Performance - Snap's stock price fell by $3.45, or 26.9%, closing at $9.36 per share on August 2, 2024, following the announcement of second quarter financial results [3] - The second quarter revenue reported was $1,237 million, with third quarter guidance projected between $1,335 million to $1,375 million, indicating year-over-year revenue growth of 12% to 16% [3] Legal Issues - On September 6, 2024, Snap's stock price dropped by $0.25, or 2.8%, closing at $8.62 per share after the New Mexico Attorney General announced a lawsuit against the company [3] - The lawsuit alleges that Snap's recommendation algorithm and policies facilitate child sexual exploitation and abuse material, claiming that the company misled the public regarding platform safety [3] Investor Support - The Portnoy Law Firm offers complimentary case evaluations for investors to discuss their legal rights and options for pursuing claims to recover losses [2]
The Best Stocks to Buy Right Now
The Motley Fool· 2026-03-11 04:00
It's hard to narrow down the list of best stocks to buy in the market to just three, but it's something that investors must do in order to keep a fairly streamlined portfolio. If you have too many stocks, it becomes harder to follow them all closely, which could lead to a company slipping through the cracks.I've narrowed down my list to three stocks that look like excellent buys, and you'll be able to spot a common theme among them. 1. BroadcomBroadcom (AVGO 0.98%) is a relatively new player to the artifici ...