Intel Corp., backed by the US government, is seeking further investment, approaching Apple for a deal that would validate the ailing chipmaker's crucial domestic turnaround efforts, even as challenges persist.
A deadly mud rush halted production at Grasberg, the world's 2nd largest copper mine. Freeport declared force majeure, causing copper prices to spike sharply. Two workers died; five are missing. Major supply delays are now expected until 2027.
Novacap is buying digital ad quality firm Integral Ad Science (IAS) for $1.9 billion. The deal pays $10.30 per share in cash, a 22% premium. IAS will use the funds to invest in AI technology and growth. It will become a privately held company soon.
Oracle is raising $15 billion through bonds to fund massive cloud infrastructure deals with companies like OpenAI and Meta, boosting its AI capabilities despite rising costs.
RV giant Thor Industries exceeded expectations for Q4 profit despite a volatile economy. Net income rose significantly, and sales slightly topped forecasts. They are boosting motorized RV sales and managing dealer inventory well. They project cautious sales for 2026.
CoolCo is being bought by EPS Ventures for $9.65 in cash per share. This offers a 26% premium. CoolCo will be delisted from the stock exchange and fully owned by EPS after the merger, which is targeted for late 2025/early 2026.
