SLB to Acquire Kelvion for $4.1 Billion to Expand Data Center Cooling Business
SLB will pay $3.4B in cash and assume $700M in debt to buy Kelvion and strengthen its growing data center cooling business.
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Needham Starts Babcock & Wilcox at Buy With $20 Target on Data Center Power
Needham initiates BW at Buy and $20 PT, citing a repaired balance sheet, $2.6B backlog, and FastPower as a repeatable data-center platform.
Pinterest CFO Julia Donnelly to Leave as Growth Cools
Julia Donnelly steps down as Pinterest CFO on Oct. 30. The company starts an external search after 11 quarters of double-digit growth.
GameStop Cuts Open-Ended Dilution Risk After Preliminary Q2 Results
GameStop shortens the VWAP window, sets a fixed 55.5M-share package, and guides Q2 sales above thin estimates with much higher operating profit.
California utilities get cut by Wall Street after a weak wildfire bill
Lawmakers advanced a narrower SB 492. BMO, Mizuho and Wells Fargo cut PG&E, Edison and Sempra over unfixed wildfire risk.
LightPath Slides After Army Widens Hunt for Stinger Replacement
The Army still has Lockheed and Raytheon building NGSRI prototypes, but a wider supplier search rattled LightPath shares.