NuRAN Provides Clarification and Corrections Regarding Restructuring Transaction Disclosure
Accessnewswire· 2026-01-29 02:30
Orange, MTN and other telecommunication providers, the loss of one or more significant suppliers or a reduction in significant volume from such suppliers; NuRAN's ability to meet or exceed customers' demand and expectations; significant current competition and the introduction of new competitors or other disruptive entrants in the Company's industry; effects of the global supply shortage affecting parts needed for NuRAN's sites and site installations; NuRAN's ability to retain key employees and protect its ...
Google Disrupts Network That Allowed Bad Actors to Use Consumers' IP Addresses
PYMNTS.com· 2026-01-29 02:30
Google has disrupted a network that sold the ability to route internet traffic through consumer devices all over the world to bad actors who could then use this ability to mask their illicit activities. By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions . The group suggested that the threat posed by this industry can be countered by making con ...
HD Hyundai Chairman Chung Kisun Holds Talks with Prime Minister Modi to Discuss Bilateral Cooperation
Prnewswire· 2026-01-29 02:30
SEOUL, South Korea, Jan. 28, 2026 /PRNewswire/ -- HD Hyundai Chairman Chung Kisun met with India's Prime Minister Narendra Modi to discuss expanding bilateral cooperation in shipbuilding. HD Hyundai said Chairman Chung Kisun and HD Korea Shipbuilding & Offshore Engineering CEO Kim Hyungkwan attended the high-level roundtable on Wednesday, January 28, hosted by Prime Minister Modi at the Prime Minister's official residence in New Delhi. The high-level roundtable was held as part of India Energy Week 2026, br ...
American Riviera Bancorp Announces Results for the Fourth Quarter of 2025
Accessnewswire· 2026-01-29 02:30
SANTA BARBARA, CA / ACCESS Newswire / January 28, 2026 / American Riviera Bancorp ("Company") (OTCQX:ARBV), holding company of American Riviera Bank ("Bank"), announced today unaudited net income of $12.4 million ($2.18 per share) for the year ended December 31, 2025, compared to $8.7 million ($1.50 per share) earned in the same reporting period in the previous year. Unaudited net income was $4.5 million ($0.80 per share) for the three months ended December 31, 2025, compared to $2.9 million ($0.51 per shar ...
INVESTOR ALERT: CoreWeave, Inc. (CRWV) Investors with Substantial Losses Have Opportunity to Lead the CoreWeave Class Action Lawsuit - Hagens Berman
Prnewswire· 2026-01-29 02:16
Core Viewpoint - A class action lawsuit has been filed against CoreWeave, Inc. and its executives, alleging that they misled investors about the company's ability to scale its AI infrastructure and meet revenue guidance [1][4] Allegations of Misrepresentation - The lawsuit claims that CoreWeave overstated its capacity to meet customer demand while downplaying operational risks associated with reliance on a single third-party data center supplier [2][8] - Significant delays at the Denton, Texas data center were concealed, with completion pushed back by several months due to construction hurdles, contradicting management's claims of "rapid scaling" [8] Financial Impact - Following the revelation of these delays, CoreWeave's market capitalization fell by approximately $14 billion, with a notable 16% drop in stock price on November 11 after the company lowered its guidance [2][8] - The lawsuit highlights that the company's ability to recognize revenue from its multibillion-dollar backlog was dependent on infrastructure that was reportedly not on track for timely completion [8] Legal Proceedings - Hagens Berman is actively advising investors who purchased CoreWeave shares during the class period from March 28, 2025, to December 15, 2025, and suffered losses [5] - The deadline for lead plaintiff submissions is set for March 13, 2026 [6]
Danaher Corporation (NYSE:DHR) Overview and Financial Performance
Financial Modeling Prep· 2026-01-29 02:14
Core Insights - Danaher Corporation is recognized as a global leader in science and technology, particularly in Life Sciences, Diagnostics, and Biotechnology, outperforming competitors like Thermo Fisher Scientific and Agilent Technologies [1] - Analyst Vijay Kumar from Evercore ISI has set a price target of $254 for Danaher, suggesting a potential upside of 13.15% from its current stock price of $224.48 [1] Financial Performance - In the fourth quarter, Danaher reported an adjusted EPS of $2.23, slightly exceeding the Zacks Consensus Estimate of $2.22, with net sales of $6.84 billion, surpassing expectations of $6.79 billion, reflecting a year-over-year increase of 4.5% [2][6] - The Biotechnology segment saw a revenue increase of 9%, while Diagnostics profits rose by 14.3% [3] - For the full year 2025, Danaher achieved net revenues of $24.6 billion, a 3% increase from the previous year, with core sales growing by 2.5% in the fourth quarter [3][6] Future Outlook - Danaher has provided an optimistic earnings guidance for 2026, expecting low single-digit core sales growth in the first quarter and projecting an adjusted EPS between $8.35 and $8.50, indicating confidence in its growth trajectory [4] Stock Performance - Currently, Danaher's stock price is $224.48, reflecting a decrease of 4.78% or $11.28, with fluctuations between $223.09 and $235.07 on the day [5] - Over the past year, the stock reached a high of $242.80 and a low of $171, with a market capitalization of approximately $160.74 billion and a trading volume of 6.42 million shares [5]
AXO Copper Corp. Announces Upsize of Previously Announced Bought Deal to $35 million
Globenewswire· 2026-01-29 02:13
Core Viewpoint - AXO Copper Corp. has announced a bought deal offering of 50,000,000 units at a price of $0.70 per unit, aiming to raise gross proceeds of $35,000,000 due to strong investor demand [2]. Group 1: Offering Details - Each unit consists of one common share and one-half of a warrant, with each whole warrant exercisable into one common share at a price of $1.00 for 18 months [3]. - The company has granted underwriters an option to purchase up to an additional 15% of the offering, potentially raising total gross proceeds to $40,250,000 if fully exercised [4]. - The offering is scheduled to close on or about February 19, 2026, subject to necessary approvals [6]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for exploration and advancement of the La Huerta Project and San Antonio Gold Project, as well as for general working capital purposes [5]. Group 3: Company Overview - AXO Copper Corp. is engaged in the exploration and development of the La Huerta property, a new copper discovery in Jalisco, Mexico, and the San Antonio gold property, a past-producing oxide copper mine located in Sonora, Mexico [9].
RTX Corporation (NYSE: RTX) Maintains Strong Position in Aerospace and Defense
Financial Modeling Prep· 2026-01-29 02:11
Core Insights - RTX Corporation is a key player in the aerospace and defense industry, operating through divisions such as Pratt & Whitney, Collins Aerospace, and Raytheon, and competes with major companies like Lockheed Martin and Boeing [1] Financial Performance - RTX reported fourth-quarter 2025 sales of $24.23 billion, marking a 12% increase from the previous year, with adjusted EPS rising by 1% to $1.55, exceeding analyst expectations of $1.47 [4] - For 2026, RTX has guided adjusted sales between $92 billion and $93 billion, with an organic sales growth forecast of 5% to 6%, and adjusted EPS expected to range from $6.60 to $6.80, aligning with consensus estimates [5] Strategic Developments - Jefferies maintained a "Hold" rating for RTX, raising the price target from $210 to $225, reflecting confidence in the company's future performance supported by recent financial achievements [2][6] - Raytheon, a division of RTX, secured a contract with TTM Technologies valued at up to $200 million over three years for components related to the Lower Tier Air and Missile Defense Sensor (LTAMDS), emphasizing RTX's commitment to advancing defense technologies [3][6]
After pandemic-era hiring binges, big companies from Amazon.com to UPS are slashing jobs, looking to shrink their head counts after years of breakneck growth
WSJ· 2026-01-29 02:08
Core Insights - Many corporations that expanded their workforce during the pandemic are now reducing their employee count due to economic uncertainty and the rise of AI threats [1] Group 1: Corporate Actions - Companies are slimming down their labor force as a response to the current economic climate [1] - The trend of workforce reduction is driven by the need to adapt to potential challenges posed by AI technologies [1] Group 2: Economic Context - The economic uncertainty is prompting corporations to reassess their operational strategies, leading to workforce reductions [1] - The pandemic-induced hiring spree is being reversed as companies prioritize efficiency and cost management in light of new market conditions [1]
INVESTOR ALERT: Coupang, Inc. (CPNG) Investors with Substantial Losses Have Opportunity to Lead the Coupang Securities Class Action Lawsuit
Prnewswire· 2026-01-29 02:07
Core Viewpoint - Coupang, Inc. is facing a lawsuit due to allegations of misleading investors regarding its cybersecurity measures, particularly related to a significant data breach affecting 33.7 million accounts, which has resulted in substantial financial losses and executive changes [2][7]. Group 1: Allegations and Impact - The lawsuit claims that Coupang failed to detect a massive data breach for nearly six months, during which a former employee accessed sensitive customer information using valid authentication keys [2][3]. - The breach has led to a compensation plan of $1.2 billion and the resignation of CEO Park Dae-joon, resulting in a loss of over $8 billion in market value [2][7]. - Coupang's internal controls were reportedly inadequate, allowing unauthorized access to customer data, contradicting the company's assurances of "proactive security" [7]. Group 2: Timeline and Regulatory Response - Coupang became aware of the cybersecurity incident on November 18, 2025, but did not disclose it publicly until 11 days later [7]. - The company is cooperating with investigations initiated by Korean regulators regarding the incident [7]. Group 3: Investor Actions - Investors who purchased Coupang securities between May 7, 2025, and December 16, 2025, and experienced significant losses are encouraged to contact Hagens Berman for potential legal action [1][5].