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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#Event-Driven Stocks↓
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.
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.
Toast Falls After BTIG Flags $10K SMB Bonus as Sign of Competition
Analysts say it highlights pricey software and competition, even though the $30M cap is modest.
$14.5 Billion Solstice–Element Merger Ends After Shareholder Pushback
Solstice OKs a $500M buyback and reaffirms 2026 guidance.
T1 Energy Moves to Turn Former Battery Factory Into AI Data Center
T1 Energy won local approval to rezone part of its idle Giga Arctic plant in Mo i Rana, Norway, for a data center that could open at 50 MW in 2027.