latest news in companies

Regulators Reject Union Pacific and Norfolk Southern Merger Application Over Missing Data

Regulators Reject Union Pacific and Norfolk Southern Merger Application Over Missing Data

Homewood, Saturday, 17 January 2026.
Federal regulators rejected the historic Union Pacific and Norfolk Southern merger bid, deeming the massive 7,000-page application incomplete and effectively pausing the first transcontinental railroad deal.

$174 Million Financing Package Unlocks Major Santa Maria Housing Development

$174 Million Financing Package Unlocks Major Santa Maria Housing Development

Santa Maria, Friday, 16 January 2026.
Priority Capital Advisory has secured a strategic $174 million financing package for Blosser Ranch, directly addressing a severe supply-demand imbalance in Santa Maria where population growth has outnumbered new housing deliveries by nearly ten to one over the last decade. This capital injection funds the immediate construction of 302 apartment units and recapitalizes land for a future 1,500-unit master-planned community near Vandenberg Space Force Base. Backed by Centennial Bank and Lionheart Strategic Management, this deal signals strong institutional confidence in the region’s agricultural and aerospace-driven economy, with the first phase expected to open by summer 2027.

Turbo Energy Faces Nasdaq Delisting Risk Over Financial Shortfall

Turbo Energy Faces Nasdaq Delisting Risk Over Financial Shortfall

Valencia, Friday, 16 January 2026.
With equity $1 million below the Nasdaq threshold, Turbo Energy faces a critical February 26 deadline to present a recovery plan and secure its continued market listing.

Toro Corp Completes $1.75 Special Dividend Distribution in Cash and Stock

Toro Corp Completes $1.75 Special Dividend Distribution in Cash and Stock

Limassol, Friday, 16 January 2026.
The energy transporter distributed $9.3 million in cash and 7.4 million shares today, executing a significant $1.75 per share special payout determined by shareholder elections.

Ardent Health Facing Class Action Lawsuit After Stock Plunges 33%

Ardent Health Facing Class Action Lawsuit After Stock Plunges 33%

New York, Friday, 16 January 2026.
Investors face a critical March 9 deadline to join a securities fraud lawsuit against Ardent Health. The complaint alleges the company concealed failing revenue collection processes behind misleading accounting practices, triggering a massive sell-off that erased a third of the stock’s value overnight.

Denny's Enters Private Ownership Era Following $620 Million Acquisition

Denny's Enters Private Ownership Era Following $620 Million Acquisition

Spartanburg, Friday, 16 January 2026.
Denny’s Corporation officially exited the public market today, January 16, 2026, finalizing a $620 million acquisition by a consortium led by TriArtisan Capital Advisors. In a strategic pivot designed to revitalize the iconic brand away from public scrutiny, shareholders received $6.25 per share—a notable 52.1% premium over the pre-announcement closing price. This transaction places the 1,500-unit chain under private control, empowering leadership to aggressively pursue growth initiatives and capital reallocation without the pressure of quarterly public reporting.

Genmab’s Epcoritamab Outperforms Standard Care in Pivotal Phase 3 Lymphoma Trial

Genmab’s Epcoritamab Outperforms Standard Care in Pivotal Phase 3 Lymphoma Trial

Copenhagen, Friday, 16 January 2026.
Epcoritamab becomes the first bispecific antibody monotherapy to demonstrate improved progression-free survival in refractory large B-cell lymphoma, reducing progression risk by 26% versus standard chemotherapy.

Soleno Therapeutics Faces Investigation After Disappointing Drug Launch Metrics

Soleno Therapeutics Faces Investigation After Disappointing Drug Launch Metrics

Redwood City, Friday, 16 January 2026.
Soleno shares plummeted following allegations of misleading VYKAT XR launch metrics. Investigations now probe claims that data was manipulated by a controversial physician, raising serious concerns for investors.

Widespread Service Outage Disrupts Platform X Globally

Widespread Service Outage Disrupts Platform X Globally

San Francisco, Friday, 16 January 2026.
Tens of thousands of users worldwide lost access to X on Friday. This marks the platform’s second significant infrastructure failure in less than a week, disrupting critical real-time communication.

Gevo Targets Carbon Market Growth with Strategic Leadership Change

Gevo Targets Carbon Market Growth with Strategic Leadership Change

Englewood, Friday, 16 January 2026.
Gevo appoints Alex Clayton as Chief Carbon Officer to monetize its North Dakota facility, the only project currently issuing carbon credits with validated thousand-year permanence.