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DNO Drops Pursuit of Genel Energy After 69p Proposal Rejected
Norwegian oil producer DNO will not make an offer for Genel Energy after the target's board refused to engage with its 69 pence-per-share proposal.
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German Factory Orders Rise 2.5%, but Large Contracts Drive the Gain
German manufacturing orders rose 2.5% in July, but orders excluding large-scale contracts fell 1.4% as ship, rail and aircraft orders dominated the monthly increase.
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Japan Household Spending Falls 3.6% in July, Extending Eight-Month Decline
Real household outlays fell for an eighth straight month, with transport, housing and utilities among the biggest drags despite a 0.5% monthly rebound.
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Australian Filled Jobs Rise 0.7% as Multiple Job-Holding Hits Record High
Filled jobs increased by 110,700 in the June quarter, while the multiple job-holding rate reached a record 6.9% as secondary work grew much faster than main jobs.
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AbbVie Completes $10.9 Billion Apogee Therapeutics Acquisition
AbbVie completed its cash acquisition of Apogee Therapeutics, adding late-stage and earlier-stage immunology assets while reaffirming its 2026 earnings outlook.
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U.S. Services Growth Accelerates as ISM Prices Gauge Hits Four-Year High
The ISM Services PMI rose to 55.4 in August as business activity and new orders strengthened, but the prices index climbed to 72.6 and employment contracted for a…
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Fed’s Waller Says Cooling Inflation Could Justify a September Rate Hold
Christopher Waller said continued disinflation could support keeping the federal funds rate unchanged in September, while a hotter August inflation reading could revive the case for a hike.
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U.S. Trade Deficit Widens 24% to $88.6 Billion as Imports Surge
July imports rose to $399.3 billion while exports fell to $310.7 billion, with a sharp increase in capital-goods imports driving much of the monthly swing.
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Campbell’s Cuts Dividend 36% and Launches $500 Million Cost-Savings Push
Campbell’s is resetting its quarterly payout to $0.25 a share and targeting $500 million in savings by fiscal 2030 after a year of weaker sales and margins.
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U.S. Jobless Claims Edge Up to 206,000 Ahead of Payrolls Report
New U.S. jobless claims rose modestly to 206,000 last week, leaving layoffs subdued ahead of Friday's closely watched monthly payrolls report.