Wartsila CEO eyes boost from Trump datacenter push
Reuters· 2026-02-27 09:29
Core Viewpoint - The push for U.S. datacenters to utilize their own power supply is expected to significantly increase demand for Wartsila's environmentally friendly products and lead to a "double-digit" percentage growth in hiring servicing staff over the next two years [1] Company Summary - Wartsila anticipates an 80% increase in delivery capacity for datacentre engines by 2028, driven by U.S. initiatives promoting energy and water-efficient technologies [1] - The company has secured contracts for approximately 1.2 gigawatts of power for datacentres, highlighting the importance of its technology in decision-making processes [1] - Wartsila's engine technology uses "up to 2,000 times less water" than comparable gas turbines and can reduce fuel costs by 20-35%, making it a competitive choice for datacentres [1] Industry Summary - The U.S. market accounts for about half of the world's datacentres, with expected growth as companies seek to enhance computing power, leading to increased competition for skilled workers [1] - The CEO emphasized the need for more vocational training in the U.S. to meet the rising demand for talent in the industry, as there is currently a tight supply of qualified personnel [1]
Arko’s dealerization strategy starting to bear fruit, CEO says
Yahoo Finance· 2026-02-27 09:28
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Dive Brief: Arko Corp.’s transformation plan, in which it’s converting hundreds of company-operated c-stores to wholesale locations, is beginning to pay off, leadership said during Arko’s fourth-quarter earnings call this week. Those benefits have mainly appeared in Arko’s store operating expenses, which dropped nearly 16% during Q4 and over 13% for the full fisca ...
Nvidia Delivers Perfection but Market Has Concerns
Investing· 2026-02-27 09:26
Market Analysis by covering: NVIDIA Corporation. Read 's Market Analysis on Investing.com ...
Melrose shares slide 13% despite strong 2025 results and dividend boost
Yahoo Finance· 2026-02-27 09:25
Melrose shares slide 13% despite strong 2025 results and dividend boost Proactive uses images sourced from Shutterstock Melrose Industries PLC (LSE:MRO, OTC:MLSPF) has reported strong growth for 2025, with revenue rising 8% to £3.59 billion for the year ended 31 December, and announced a dividend increase alongside a new £175 million share buyback programme. Despite the positive results, the company’s shares fell 13% to 556p. Adjusted operating profit rose 23% to £647 million, lifting the adjusted operat ...
Burford Capital – back from the dead?
Undervalued Shares· 2026-02-27 09:24
Two days ago, Undervalued-Shares.com hosted its first-ever online conference, "Litigation Investing & Legal Special Situations".Some 300 participants signed up.Yours truly presented an updated investment case on Burford Capital.What was the new angle?First a double – then 'back to square one'I have a semi-successful track record covering Burford Capital (ISIN GG00BMGYLN96, UK:BUR and NYSE:BUR).After publishing an extensive research report in 2022, the stock went on to double. Unfortunately, a subsequent set ...
2026 Hunnan Science and Technology City Conference on Advancing the Deep Integration of Scientific and Technological Innovation with Industrial Innovation Successfully Held
Globenewswire· 2026-02-27 09:21
Core Insights - The 2026 Hunnan Science and Technology City Conference highlighted the integration of scientific and technological innovation with industrial innovation, showcasing the "Top Ten Innovative Achievements of Hunnan Science and Technology City in 2025" [1][4] Group 1: Achievements and Innovations - Key innovative achievements include advancements in nickel-based alloys, colossal barocaloric effects, weightlessness simulation technologies, intelligent assembly for rocket engines, elemental-ordered metals, high-precision cutting processes, and advanced monitoring systems [1][4] - The conference emphasized the development of the NeuViz P10 photon-counting CT and the "AGT-110" heavy-duty gas turbine as significant technological milestones [1] Group 2: Strategic Development - Hunnan Science and Technology City has transitioned to a model focused on output-oriented development, led by scientists and entrepreneurs, and driven by projects and industries rather than just infrastructure [4][5] - The city aims to become a primary hub for scientific and technological innovation in Liaoning Province, reflecting a shift from planning to practical implementation [4][5] Group 3: New Projects and Infrastructure - Four major projects were launched, including the Northeast Asia Embodied Artificial Intelligence Robotics Innovation Center and the Shenyang National Data Annotation Base, which are expected to enhance the region's development [6] - The overall framework of Hunnan Science and Technology City includes a 91-square-kilometer area with completed infrastructure such as buildings, roads, and waterways, facilitating a conducive environment for innovation [7]
AICPA urges clarity on H.R. 1 tax rules
Yahoo Finance· 2026-02-27 09:20
The American Institute of CPAs (AICPA) has asked the US Department of the Treasury and Internal Revenue Service (IRS) for guidance on the newly enacted H.R. 1, (the One Big Beautiful Bill Act). In a letter, the AICPA sought clarification on how individuals, estates and trusts should report income taxes under H.R. 1. The letter focused on Section 70111, which revises the Section 68 cap on itemised deductions. It also referenced Notice 2025‑68, where the IRS planned regulations for Section 530A Trump acc ...
Salesforce Q4 Results: Share Buybacks As Investor Worries Continue
Seeking Alpha· 2026-02-27 09:20
Core Insights - The article does not provide specific insights or analysis regarding any companies or industries, focusing instead on disclaimers and disclosures [1][2] Group 1 - There is no stock, option, or similar derivative position in any of the companies mentioned [1] - The article expresses personal opinions and is not receiving compensation beyond Seeking Alpha [1] - The author has no business relationship with any company whose stock is mentioned [1] Group 2 - Past performance is not indicative of future results, and no investment recommendations are provided [2] - The views expressed may not reflect those of Seeking Alpha as a whole [2] - Analysts include both professional and individual investors who may not be licensed or certified [2]
Smartphone market set to shrink 13% due to memory chip crisis
BusinessLine· 2026-02-27 09:19
The global smartphone market will contract 12.9% in 2026 because of the unprecedented memory chip shortage, marking “a crisis like no other,” according to researcher IDC.The new forecast, a dramatic revision down from earlier estimates, gives the latest accounting of the ongoing memory crunch that’s affecting every corner of the electronics industry. The demand for advanced memory to power artificial intelligence tasks has drained global supply until well into next year and now jeopardizes the business mode ...
BASF announces job cuts amid cost-saving strategy and new India hub
BusinessLine· 2026-02-27 09:19
BASF SE announced more job cuts as the German manufacturer continues its cost-savings push in a difficult chemicals market.The company targets “significant” workforce reductions at its internal IT division that employs around 8,500 people, it said Friday. BASF sees adjusted operating earnings of between €6.2 billion ($7.3 billion) and €7 billion this year, compared with €6.6 billion last year. The shares fell the most since April.This year will be “another transitional year with significant headwinds for ou ...