Brookfield Business Corporation has agreed to sell its global construction business, Multiplex, to Japan's Obayashi Corporation for $650 million, including $530 million in cash at closing and an earn-out based on future performance. This sale marks a strategic capital recycling move by Brookfield, which has secured nearly $1 billion in proceeds from asset sales and distributions this year, enhancing shareholder value. Multiplex, a leading construction firm with operations in Australia, the UK, and Canada, is expected to complete the transaction by Q4 2026 after regulatory approvals. Brookfield aims to continue growing its core business by focusing on operational improvements and capital recycling.
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
ERock, Inc. received a buy rating due to its innovative modular natural-gas power systems that help data centers avoid long waits for permanent grid power. The company has a strong $1.3 billion backlog supported by customer deposits, providing clear ...
IBM's business model remains strong despite a 7% decline in mainframe infrastructure revenue, supported by loyal legacy customers and solid free cash flow. Software growth, especially an 11% increase in Red Hat revenue, helps offset mainframe challen...
BMW is recalling 29,119 plug-in hybrid sedans due to a potential fire risk caused by corrosion in the engine starter's electrical relay. This defect can lead to a short circuit and overheating even when the vehicle is parked with the ignition off. Th...
