latest news in companies

VCI Global's $168 Million Spin-Off Strategy Unveiled

VCI Global's $168 Million Spin-Off Strategy Unveiled

New York, Thursday, 4 December 2025.
VCI Global’s spin-off of VCCG at a $168 million valuation marks a key move in its dual-track IPO strategy, retaining a 30% stake to harness technology growth.

Hormel Foods Reports Strong Q4 Earnings Despite Challenges

Hormel Foods Reports Strong Q4 Earnings Despite Challenges

Austin, Thursday, 4 December 2025.
Hormel Foods’ Q4 2025 results show $3.2 billion in net sales and adjusted earnings per share of $0.32, reflecting resilience in a tough economic climate and setting a robust fiscal 2026 outlook.

Kroger Reports Significant Third Quarter Loss Amid eCommerce Growth

Kroger Reports Significant Third Quarter Loss Amid eCommerce Growth

Cincinnati, Thursday, 4 December 2025.
Kroger’s Q3 2025 results reveal a $1.541 billion operating loss despite a 17% rise in eCommerce sales. The company aims for eCommerce profitability by 2026.

Alexandria Real Estate Equities Cuts Dividend by 45% for Q4 2025

Alexandria Real Estate Equities Cuts Dividend by 45% for Q4 2025

Pasadena, Thursday, 4 December 2025.
Alexandria Real Estate Equities announced a 45% dividend reduction to $0.72 per share, aiming to bolster financial stability amid market challenges. This led to a 7.28% drop in stock price.

OwlTing's New Partnership with Circle Payments Enhances Cross-Border Transactions

OwlTing's New Partnership with Circle Payments Enhances Cross-Border Transactions

New York, Thursday, 4 December 2025.
OwlTing’s integration with Circle Payments Network promises faster and cost-effective cross-border payments, leveraging stablecoins within the $194 trillion global market, targeting high-growth regions.

Meta Platforms Reduces Metaverse Budget by 30%, Stock Surges

Meta Platforms Reduces Metaverse Budget by 30%, Stock Surges

Menlo Park, Thursday, 4 December 2025.
Meta Platforms announced a 30% budget cut for metaverse projects, marking a strategic pivot. This move led to a surge in stock prices, signaling investor approval of the cost-saving measures.

Hexion Sells Gulf Coast Formalin Business to Focus on Cellulosic Innovations

Hexion Sells Gulf Coast Formalin Business to Focus on Cellulosic Innovations

Houston, Thursday, 4 December 2025.
Hexion’s divestiture of its formalin business highlights its strategic shift towards technology-driven cellulosic solutions. This move enhances growth in sustainable materials, aligning with global sustainability trends.

Verizon's Stock Faces Challenges in a Competitive Market

Verizon's Stock Faces Challenges in a Competitive Market

New York, Thursday, 4 December 2025.
Verizon’s stock has been struggling against broader market trends, with stagnant prices and reliance on dividends raising investor concerns. Analysts point to potential ongoing challenges without significant changes.

RentRedi's Remarkable 627% Growth Secures Top Spot on Deloitte's Tech List

RentRedi's Remarkable 627% Growth Secures Top Spot on Deloitte's Tech List

New York, Thursday, 4 December 2025.
RentRedi, a property management software company, achieved 627% growth, earning the No. 132 spot on Deloitte’s Fast 500 list, demonstrating the growing demand for tech solutions in real estate.

Salesforce Surpasses Q3 Earnings Expectations, Driven by AI Growth

Salesforce Surpasses Q3 Earnings Expectations, Driven by AI Growth

San Francisco, Thursday, 4 December 2025.
Salesforce exceeded Wall Street expectations with Q3 2026 earnings, fueled by Agentforce AI’s $500 million annual revenue, positioning the company strongly for continued growth.