On February 13, 2026, Shannon River Fund Management LLC disclosed it sold 125,230 shares of InterDigital (NASDAQ:IDCC), an estimated $44.28 million trade based on quarterly average pricing. What Happened According to a SEC filing dated February 13, 2026, Shannon River Fund Management LLC sold 125,230 shares of InterDigital during the fourth quarter. The estimated transaction value is $44.28 million, based on the average closing price for the quarter. The fund’s position in InterDigital dropped from 9.9% ...

Core Viewpoint - KBC Group reported a strong financial performance in 2025, with a net profit of 3,568 million euros, reflecting an 18% increase compared to the previous year, driven by diversified income sources and a growing loan portfolio [1] Financial Performance - The net result for Q4 2025 was 1,003 million euros, slightly up from 1,002 million euros in Q3 2025 but down from 1,116 million euros in Q4 2024 [1] - Basic earnings per share for FY 2025 were 8.70 euros, compared to 8.33 euros in FY 2024 [1] - Total income for FY 2025 rose by 9%, exceeding guidance, with a loan portfolio growth of 1% quarter-on-quarter and 7% year-on-year [1] - Customer deposits increased by 2% quarter-on-quarter and 3% year-on-year, excluding low-margin short-term deposits [1] Solvency and Liquidity - The fully loaded common equity ratio under Basel IV was 14.9% at the end of December 2025, indicating a strong solvency position [2] - The liquidity coverage ratio (LCR) was 159% and the net stable funding ratio (NSFR) was 138%, reflecting a solid liquidity position [2] Dividend Proposal - The Board of Directors proposed a total gross dividend of 5.1 euros per share for 2025, which includes an interim dividend of 1 euro already paid and a remaining 4.1 euros to be paid in May 2026, resulting in a pay-out ratio of 60% of 2025 net profit [3] Strategic Developments - KBC Group made significant progress in its strategy, finalizing the acquisition of 365.bank in Slovakia and Business Lease in the Czech Republic and Slovakia, which will impact capital position positively [4] Digital Innovation - The AI-powered personal digital assistant, Kate, reached 6 million customers, a 13% increase year-on-year, with an autonomy rate of 82% in Belgium [5] - The ecosphere 'MyMobility' launched with 73,000 clients signed up in the initial months [5] Financial Guidance - Updated financial guidance aims for total income to outgrow operating expenses by at least 3.4 percentage points annually by 2028, targeting a cost/income ratio below 38% and a combined ratio below 91% in non-life insurance [6] Sustainability Recognition - KBC Group was included in the CDP Climate A List for the fourth consecutive year and in the S&P Global Sustainability Yearbook for the seventh consecutive year, highlighting its leadership in sustainability [7]

Core Insights - McDonald's has elected James D. Farley, Jr. to its board of directors, effective February 4, 2026, bringing significant leadership experience from Ford Motor Company [1][2] Group 1: Leadership Experience - Farley currently serves as president and CEO of Ford Motor Company, where he is leading the Ford+ transformation focused on digital innovation and operational modernization [1] - He has held various leadership roles at Ford, including chief operating officer and president of new businesses, technology, and strategy [2] - Farley has nearly two decades of experience at Toyota and Lexus in brand marketing and product leadership, enhancing his expertise in the automotive sector [2] Group 2: Board Composition and Governance - Farley's election increases the board's total to 12 members, with half having joined since 2022, indicating a commitment to governance refreshment [4] - McDonald's chairman and CEO Chris Kempczinski emphasized Farley's experience in balancing innovation with operational excellence, which will be beneficial for the company's growth [3] Group 3: Strategic Vision - Farley expressed admiration for McDonald's ability to balance scale with local entrepreneurship and tradition with innovation, indicating a strategic alignment with the company's values [4]

Core Insights - James D. Farley, Jr. has been elected to McDonald's Board of Directors effective February 4, 2026, bringing over 30 years of experience in leading global organizations and transforming consumer brands [1][1][1] Company Overview - McDonald's is the world's leading global foodservice retailer with over 45,000 locations in more than 100 countries, with approximately 95% of its restaurants owned and operated by independent local business owners [1][1][1] Board Composition - Farley's election increases the Board to a total of 12 members, each contributing diverse experience and expertise to strengthen McDonald's long-term strategic direction [1][1][1] - Half of McDonald's directors have joined since 2022, highlighting the Board's commitment to refreshment and future-ready governance [1][1][1] Leadership and Strategy - Farley currently serves as President and CEO of Ford Motor Company, where he is guiding the Ford+ transformation focused on digital innovation, customer-centric design, and operational modernization [1][1][1] - Chris Kempczinski, Chairman and CEO of McDonald's, emphasized Farley's experience in balancing innovation with operational excellence and modernizing customer experience [1][1][1]

Core Insights - Axos Bank has partnered with Priority Rollfi to enhance its business banking platform by integrating Rollfi's payroll and benefits technology [1][2][3] Group 1: Partnership Details - The partnership was established after a competitive RFP process, with Rollfi selected to provide embedded and white-label payroll and benefits technology [1] - Rollfi's modular, API-based technology will automate payroll processing, streamline tax compliance, and manage employee benefits within Axos's digital banking ecosystem [2][3] Group 2: Technological Advancements - The integration of Rollfi's technology aims to modernize back office management for Axos Bank's commercial banking clients, making operations faster and more efficient [2][3] - Rollfi's infrastructure supports payroll and benefits through advanced solutions that help financial institutions optimize deposit retention [3] Group 3: Company Background - As of September 30, 2025, Axos Financial, Inc. has approximately $27.4 billion in consolidated assets and offers a range of consumer and business banking products [4] - Axos Clearing LLC manages approximately $43.0 billion in assets under custody and/or administration, providing comprehensive securities clearing services [4] Group 4: Rollfi Overview - Rollfi empowers banks and fintechs to add payroll and benefits to their offerings through white-label solutions and robust APIs, enabling platforms to unlock new revenue and improve customer retention [5]

Core Insights - Chunghwa Telecom reported its highest fourth quarter revenue in nearly a decade at NT$65.65 billion, achieving full year results that met or exceeded all upper end guidance [4][6] - Full year revenue reached an all-time high of NT$236.11 billion, a 2.7% increase year over year, with full year EPS at NT$4.99, marking an eight-year high [4][11] - The company emphasized its focus on digital innovation and operational excellence as key drivers of its performance [4] Fourth Quarter 2025 Financial Highlights - Total revenue increased by 0.5% to NT$65.65 billion [6][7] - Consumer Business Group revenue rose by 5.9% to NT$39.54 billion, driven by mobile and broadband services [6][8] - Enterprise Business Group revenue decreased by 7.9% to NT$22.02 billion, impacted by prior project recognitions [6][9] - International Business Group revenue increased by 2.5% to NT$2.56 billion, supported by demand for IDC services [6][10] - Operating income decreased by 2.2% to NT$11.38 billion, with a margin of 17.34% [6][13] - Net income attributable to stockholders increased by 3.2% to NT$9.29 billion, with EPS at NT$1.20 [6][13] Full Year 2025 Financial Highlights - Total revenue for 2025 increased by 2.7% to NT$236.11 billion [11] - Consumer Business Group revenue increased by 2.4% to NT$143.37 billion [6][11] - Enterprise Business Group revenue increased by 2.5% to NT$77.24 billion [6][11] - International Business Group revenue decreased by 4.1% to NT$9.52 billion [6][11] - Operating income for 2025 increased by 3.6% to NT$48.55 billion, with a margin of 20.56% [6][14] - Net income attributable to stockholders increased by 4.0% to NT$38.69 billion, with EPS at NT$4.99 [6][14] Cash Flow and EBITDA - Cash flow from operating activities decreased by 2.2% year over year to NT$77.50 billion [15] - EBITDA for the fourth quarter was NT$21.55 billion, a decrease of 0.2% year over year [15][16] - EBITDA for 2025 increased by 2.6% to NT$88.77 billion, with a margin of 37.60% [16] Business Highlights - As of December 31, 2025, mobile subscribers increased by 0.9% to 13.24 million, with mobile service revenue up by 4.7% to NT$17.68 billion [18] - Fixed broadband subscribers slightly increased by 0.5% to 4.45 million, with broadband revenue growing 3.8% to NT$11.88 billion [19] 2026 Guidance - The company expects total revenue to increase by NT$5.88 to NT$7.57 billion, or 2.5% to 3.2%, for 2026 [21][23] - Operating costs and expenses are expected to rise by NT$6.54 to NT$7.01 billion, or 3.5% to 3.7% [21][23] - Net income attributable to stockholders is projected to be between NT$37.39 and NT$38.94 billion, reflecting a potential decrease of NT$1.30 to an increase of NT$0.25 billion year over year [24]

Core Insights - The New York Times Company (NYT) is expected to report its fourth-quarter 2025 earnings on February 4, with a focus on subscription growth and advertising revenue trends [1][9] - The Zacks Consensus Estimate for fourth-quarter revenues is $790.2 million, reflecting an 8.8% increase year-over-year [1] - Earnings per share (EPS) is estimated at 88 cents, indicating a 10% rise from the previous year [2] Revenue and Subscription Growth - The consensus estimate for subscription revenues is $508.8 million, suggesting a 9% growth, while digital-only subscription revenues are projected at $383.4 million, indicating a 14.5% increase [4] - The digital-only subscriber count is expected to reach 12.1 million by the end of the fourth quarter, enhancing the company's market position for advertisers [5] Digital Advertising and Cost Management - NYT anticipates mid-to-high-teens growth in digital advertising revenues, with the consensus estimate at $138.1 million, representing a 17.1% increase [6] - The company has focused on reducing reliance on traditional advertising and improving profitability through effective content monetization and disciplined cost management [3] Challenges and Cost Projections - Print subscription revenues are estimated to decline by 4.8% to $125.4 million, and print advertising revenues are expected to fall 8% to $43.4 million [7] - Management has guided a 6-7% increase in adjusted operating costs for the quarter, which may impact margins [7] Earnings Prediction Model - The current model does not predict a definitive earnings beat for NYT, as it has an Earnings ESP of 0.00% despite holding a Zacks Rank of 2 (Buy) [8][10]

Core Insights - NIKE Inc. and adidas AG are two leading brands in the global sportswear industry, each with distinct strategies and market positions [1][2] - NIKE holds a dominant market share, leveraging its scale and direct-to-consumer model, while adidas focuses on heritage and lifestyle integration [2][3] NIKE's Positioning - NIKE's investment case is supported by its significant market share and brand equity, with a diversified portfolio that includes Running, Basketball, and Training [5] - The company is focusing on sport-led innovation and portfolio discipline, prioritizing major franchises and enhancing digital engagement [6] - Despite its strengths, NIKE faces challenges such as uneven growth across geographies and margin pressures from promotions and inventory management [7] adidas's Positioning - adidas is experiencing renewed brand momentum and growth across various regions and categories, positioning itself as a significant player in the sportswear market [8][10] - The company emphasizes a balance between Performance and Lifestyle, with strong growth in Running and Football, and a focus on connecting sport with street culture [11] - adidas has shown improved margins and operating leverage, indicating effective expense management and brand investments [12] Financial Estimates - The Zacks Consensus Estimate for NIKE's fiscal 2026 sales indicates a modest growth of 1%, with a significant EPS decline of 28.2% [13] - In contrast, adidas's estimates suggest a robust year-over-year growth of 13.5% in sales and an impressive 88.7% in EPS for 2025 [14] Stock Performance and Valuation - Both NIKE and adidas have seen stock declines in the past three months, with NIKE down 5.8% and adidas down 17.6% [17] - NIKE's forward price-to-sales (P/S) multiple is 1.98X, while adidas's is 1.05X, indicating a more attractive valuation for adidas [20][19] Conclusion - NIKE and adidas present distinct strengths, but adidas currently shows better momentum and profitability improvements, making it a more favorable investment option [22][24] - NIKE remains a long-term player, but adidas's current positioning offers a compelling risk-reward profile for investors [25]

Core Viewpoint - U.S. Bancorp reported its fourth quarter 2025 financial results, highlighting its performance and strategic initiatives [1]. Group 1: Financial Results - The earnings release, earnings supplement, and slide presentation for the fourth quarter 2025 can be accessed online [1]. - A conference call to review the financial results will be hosted by CEO Gunjan Kedia and CFO John Stern [2]. Group 2: Company Overview - U.S. Bancorp has approximately 70,000 employees and $695 billion in assets as of September 30, 2025 [3]. - The company operates a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments, and wealth management [3]. - U.S. Bancorp has received recognition for its digital innovation, community partnerships, and customer service, being named one of the 2025 World's Most Ethical Companies [3].

Core Insights - Glo Fiber has launched an 8 Gig symmetrical fiber internet service for residential customers across multiple states, providing access to over 400,000 homes and businesses [1][4]. Group 1: Service Launch and Coverage - Glo Fiber's 8 Gig service is now available in Virginia, West Virginia, Maryland, Pennsylvania, Delaware, and Ohio, marking a significant expansion in its service area [1]. - The service is designed to meet the increasing demand for high-speed internet, accommodating multiple connected devices and supporting various digital innovations [2]. Group 2: Technological Advancements - Glo Fiber utilizes state-of-the-art technology, including XGS-PON 10 Gbps networks, to deliver reliable and symmetrical broadband service [4]. - The infrastructure is built not only for current needs but also for future digital advancements, such as AI-driven home automation and immersive extended reality environments [2]. Group 3: Competitive Differentiators - Glo Fiber emphasizes its key differentiators, including exceptional reliability, multi-gig symmetrical speeds, straightforward pricing without long-term contracts, and local customer service [9].