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Corporate News News 25 January 2026 - 29 January 2026

ABB Q4 earnings spark $2 billion buyback as orders surge; 2026 outlook targets up to 9% growth

ABB Q4 earnings spark $2 billion buyback as orders surge; 2026 outlook targets up to 9% growth

ABB launched a $2 billion share buyback and proposed raising its dividend after Q4 orders jumped 36% to $10.3 billion. Revenue rose 13% to $9.05 billion, with operational EBITA up 19% to $1.59 billion, beating analyst forecasts. The company expects 7%-10% comparable revenue growth in Q1 and 6%-9% for 2026. ABB’s robotics division was excluded from results as it is being sold.
Amazon confirms 16,000 layoffs after ‘Project Dawn’ email slip as AI drive deepens

Amazon confirms 16,000 layoffs after ‘Project Dawn’ email slip as AI drive deepens

Amazon will cut about 16,000 corporate jobs, bringing total reductions since October to roughly 30,000. The move affects teams including AWS, Alexa, and Prime Video, and follows early internal emails referencing “Project Dawn.” Amazon shares fell 2% Wednesday. Most affected U.S. staff will get 90 days to find other roles internally.
Starbucks stock dips as supply-chain snags and CEO jet policy land ahead of earnings

Starbucks stock dips as supply-chain snags and CEO jet policy land ahead of earnings

Starbucks shares fell 0.6% to $95.72 Tuesday ahead of its fiscal first-quarter earnings report set for Wednesday morning. CEO Brian Niccol is under scrutiny as supply-chain issues persist despite new technology and system upgrades. The company also removed the $250,000 cap on Niccol’s personal use of the corporate jet after a security review. Wall Street analysts adjusted price targets as investors focus on sales and margins.
Chevron stock rises on Iraq oilfield talks, board move as investors eye earnings

Chevron stock rises on Iraq oilfield talks, board move as investors eye earnings

Chevron shares rose 0.9% to $169.05 Tuesday as the company pressed Iraq for better terms on the West Qurna 2 oilfield deal, Reuters reported. Chevron named former American Airlines CEO Thomas Horton to its board ahead of Friday’s earnings. Brent crude climbed 3% to $67.57 a barrel after a U.S. winter storm disrupted output.
Micron stock jumps after $24 billion Singapore fab plan; MU investors turn to pricing and capex

Micron stock jumps after $24 billion Singapore fab plan; MU investors turn to pricing and capex

Micron shares jumped 5.3% to close at $409.86 Tuesday after the company announced a $24 billion investment to expand manufacturing in Singapore over the next decade. The new NAND wafer fab is set to begin production by 2028. Trading volume reached 30 million shares. Analysts raised price targets as traders await updates on memory pricing and spending.
Bank of America stock price ticks up on Volvo deal extension as Fed decision looms

Bank of America stock price ticks up on Volvo deal extension as Fed decision looms

Bank of America shares rose 0.2% to $52.14 Tuesday after the bank extended its U.S. auto-financing partnership with Volvo Car Financial Services through 2030. The stock traded between $51.82 and $52.21 during the session. Traders are watching for Wednesday’s Fed decision and CEO Brian Moynihan’s remarks at a February 10 conference.
Vale S.A. stock jumps 4%, but Brazil suspends permits at two iron ore units

Vale S.A. stock jumps 4%, but Brazil suspends permits at two iron ore units

Vale S.A.’s U.S. shares rebounded 4% to $16.34 midday after halting two Minas Gerais iron ore units due to water overflows that led to permit suspensions. The overflow reached the Maranhao River, causing environmental damage and flooding a CSN site. Vale said only sediment-laden water was released, not tailings. The company reaffirmed its 2026 iron ore guidance and will report Q4 results Feb. 12.
Reckitt Benckiser share price dips after Philippines recall scare; RKT eyes dividend vote

Reckitt Benckiser share price dips after Philippines recall scare; RKT eyes dividend vote

Reckitt shares fell 0.3% to 5,938 pence in early London trading after the company denied reports of a product recall in the Philippines, stating the cited infant formula is not sold there. Investors are watching a shareholder vote Tuesday on a 235 pence special dividend and share consolidation. Reckitt repurchased over 51,000 shares on Jan. 26 at an average price of 5,876.10 pence. Full-year results are due March 5.
P&G stock price slips after-hours as Wonderbelly deal and insider sale filing land

P&G stock price slips after-hours as Wonderbelly deal and insider sale filing land

Procter & Gamble shares slipped 0.4% to $149.49 in after-hours trading Monday after announcing the acquisition of Wonderbelly, an over-the-counter digestive wellness brand. Chief Brand Officer Marc Pritchard sold 95,903 shares for about $14.5 million following an options exercise, according to a regulatory filing. Terms of the Wonderbelly deal were not disclosed.
Nu Holdings stock ticks higher after Nubank maps $475 million Brazil office expansion

Nu Holdings stock ticks higher after Nubank maps $475 million Brazil office expansion

Nu Holdings shares rose 0.5% to $18.13 after Nubank announced plans to invest over 2.5 billion reais ($475 million) in expanding Brazilian offices over five years. The move comes ahead of Nu’s Feb. 25 earnings report, with investors watching for signs of rising costs. Nubank will open new São Paulo sites and launch a hybrid work model in July 2026. Net interest margin narrowed last quarter as delinquencies drew scrutiny.
Booz Allen stock drops nearly 10% after U.S. Treasury cancels all contracts in data-leak fallout

Booz Allen stock drops nearly 10% after U.S. Treasury cancels all contracts in data-leak fallout

Booz Allen Hamilton shares fell nearly 10% after the U.S. Treasury canceled all contracts with the firm, citing failures in protecting taxpayer data linked to the IRS leak by former contractor Charles Littlejohn. Treasury said 31 contracts worth $4.8 million annually were cut. Other federal contractors also saw share declines. Booz Allen relies on government work for 98% of its revenue.
Analog Devices stock (ADI) heads into Monday after board shake-up, with Fed week and chip earnings in focus

Analog Devices stock (ADI) heads into Monday after board shake-up, with Fed week and chip earnings in focus

Analog Devices shares fell 0.95% to $305.60 Friday as chip stocks declined, following Intel’s weak outlook. The company disclosed board changes, with Susie Wee retiring and Yoky Matsuoka joining as an independent director. Investors await Texas Instruments’ earnings Tuesday and the Federal Reserve’s rate decision Wednesday. ADI’s next earnings report is set for February 18.
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Stock Market Today

Exxon Mobil stock price just tagged a new high — what could move XOM when markets reopen

Exxon Mobil stock price just tagged a new high — what could move XOM when markets reopen

7 February 2026
New York, Feb 7, 2026, 05:50 EST — Market closed. Exxon Mobil shares ended Friday up 2.03% at $149.05, notching a fresh 52-week high as energy stocks tracked a broad U.S. equity rally into the weekend. (MarketWatch) The setup for next week looks less tidy. Oil has been swinging on U.S.-Iran headlines, and that tends to spill straight into big integrated names like Exxon. Brent settled at $68.05 a barrel on Friday while U.S. West Texas Intermediate (WTI), the U.S. benchmark, finished at $63.55. “We keep going back and forth on this Iran situation,” said John Kilduff, a partner at
Corning stock price hits record close — what’s driving GLW and the next big test

Corning stock price hits record close — what’s driving GLW and the next big test

7 February 2026
Corning shares jumped 8.3% to a record $122.16 Friday, gaining 11% over two sessions amid strong demand for AI infrastructure stocks. The move follows a $6 billion optical fiber deal with Meta and upgraded company forecasts. Shares traded as high as $122.56 and rose 0.6% after hours. COO Avery Nelson sold 1,894 shares for tax withholding, retaining 66,050.
PepsiCo stock: €2.5 billion bond deal lands as investors size up the price-cut gamble

PepsiCo stock: €2.5 billion bond deal lands as investors size up the price-cut gamble

7 February 2026
PepsiCo priced €2.5 billion in euro notes across four maturities, with settlement set for Feb. 11, according to an SEC filing. The company plans to use proceeds for general corporate purposes, including repaying commercial paper. Shares closed at $170.49 Friday, up 1.8%. PepsiCo is also cutting U.S. snack prices by up to 15% after consumer pushback.
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