latest news in companies
Genco Rejects Diana Shipping Bid and Counters with Own Acquisition Proposal
New York, Wednesday, 14 January 2026.
On January 13, 2026, Genco Shipping & Trading unanimously rejected an unsolicited $20.60 per share takeover proposal from Diana Shipping, asserting the bid undervalues the company and lacks financial certainty. In a bold strategic turn, Genco’s Board countered by proposing to acquire Diana Shipping instead. Genco argues its stronger balance sheet—evidenced by a lower daily cash flow breakeven of $10,000 compared to Diana’s $16,000—positions it as the superior acquirer. While Diana holds a 14.8% stake in Genco and claims financing support, Genco contends a reverse combination would better serve shareholders by creating a market-leading fleet of 83 drybulk vessels under more efficient management.
General Motors Reaffirms Electric Vehicle Strategy Despite Policy Shifts and Financial Headwinds
Detroit, Wednesday, 14 January 2026.
Despite a projected $7.1 billion financial charge and shifting federal incentives, CEO Mary Barra insists electric vehicles remain GM’s definitive “end game,” dismissing recent market volatility as temporary.
Saks Global Nears $1.75 Billion Funding Deal to Sustain Operations Through Bankruptcy
New York, Tuesday, 13 January 2026.
Facing imminent Chapter 11, Saks Global is finalizing a critical $1.75 billion financing package to keep its iconic storefronts open. This massive liquidity injection aims to stabilize the luxury conglomerate as it navigates a complex restructuring and significant leadership transition following its debt-laden merger.
BTS Announces 2026 World Tour Projected to Generate $1 Billion Revenue
Goyang, Tuesday, 13 January 2026.
After a four-year hiatus, BTS announces a 79-date global tour starting April 2026. Analysts project the series will generate over $1 billion, providing a critical revenue surge for HYBE Corporation.
Boeing Overtakes Airbus in Annual Orders Marking Major 2025 Turnaround
Arlington, Tuesday, 13 January 2026.
Boeing secured 1,173 net orders in 2025, outselling Airbus for the first time since 2018. This pivotal market shift signals a robust recovery, though Airbus retains the lead in total deliveries.
Klarna and Sallie Mae Face Legal Scrutiny Over Alleged Financial Misconduct
Los Angeles, Tuesday, 13 January 2026.
Filed January 13, 2026, these lawsuits allege both firms concealed critical financial risks, with Klarna accused of downplaying rising loss reserves merely four months after its September IPO.
U.S. Bancorp Bolsters Trading Operations With Strategic $1 Billion Acquisition of BTIG
Minneapolis, Tuesday, 13 January 2026.
U.S. Bancorp diversifies revenue beyond lending by acquiring brokerage BTIG for up to $1 billion, significantly expanding its institutional trading and investment banking footprint.
NANO Nuclear Targets South Korean Industrial Decarbonization via DS Dansuk Alliance
Seoul, Tuesday, 13 January 2026.
This strategic collaboration leverages South Korea’s manufacturing infrastructure to deploy the innovative “One Factory, One MMR” initiative, positioning NANO Nuclear to accelerate microreactor commercialization across the broader Asian market.