Illinois Tool Works Raises 2026 Profit Outlook After Strong Q2
Illinois Tool Works (ITW) raised its full-year 2026 profit forecast after reporting stronger-than-expected second-quarter earnings, driven by robust demand for its welding, industrial testing, and specialty chemicals businesses. The company’s shares climbed more than...
GSK to Invest £400 Million in UK R&D Expansion
British pharmaceutical company GSK announced a £400 million investment over the next three years to strengthen its UK operations, including relocating its research and development activities to a new Cambridge facility. The move is...
Boeing Posts Bigger Q2 Loss Despite Positive Cash Flow
Boeing reported a larger-than-expected loss for the second quarter after taking a $280 million charge tied to its delayed Air Force One replacement program. The company posted a net loss of $428 million, with...
Google Faces Up to $10 Billion in EU Lawsuits
Google is facing a fresh legal challenge in Europe as a series of private lawsuits seeking up to $10 billion in damages gather momentum following its first loss under the European Union’s Digital Markets...
Sports Betting Industry Election Spending Tops $72 Million in U.S. Midterms
The U.S. online sports betting industry has spent at least $72 million on the 2026 midterm elections, making it the third-largest corporate political donor behind the cryptocurrency and technology sectors. Major betting companies including...
Warren Opposes AI Secrecy Push in USMCA Trade Talks
Democratic Senator Elizabeth Warren has urged the Trump administration to reject efforts by major artificial intelligence companies to weaken transparency requirements in the U.S.-Mexico-Canada Agreement (USMCA). In a letter to U.S. Trade Representative Jamieson...
Spain’s Public Works Projects Stall as Rising Costs Keep Builders Away
Spain is witnessing a sharp rise in unawarded public works tenders as construction companies pull back from bidding amid escalating costs and uncertainty linked to the Middle East conflict. According to the country’s main...
Lazard Q2 Profit Plunges 91% as Advisory Revenue Weakens
Investment bank Lazard reported a sharp 91% decline in second-quarter profit, as a significantly higher tax rate and weaker performance in its financial advisory business weighed on earnings. Net income dropped to $5 million,...
DOJ Seeks to Enforce Subpoenas Against New York Times Reporters
The U.S. Justice Department is asking a Manhattan federal judge to uphold subpoenas issued to two New York Times journalists who reported on security concerns surrounding President Donald Trump’s use of a Qatar-donated Air...
Domino’s Faces Wage Underpayment Ruling
Domino’s Pizza Enterprises is considering an appeal after Australia’s Federal Court ruled that the company made misleading representations regarding the application of certain enterprise agreements covering its workers. The case was brought by a...