Wall Street Next

latest news in companies

Corbion Boosts Second-Quarter Sales Growth While Trimming Full-Year Profit Expectations

Amsterdam, Friday, 31 July 2026.
Dutch supplier Corbion achieved 8.5% organic sales growth in the second quarter of 2026, but reduced its full-year profit margin outlook to above 16% citing rising shipping and energy costs.

VEON Raises Annual Earnings Outlook as Digital Revenue Surges 53 Percent

Amsterdam, Friday, 31 July 2026.
VEON raised its full-year guidance on July 31, 2026, driven by a 53.6% jump in quarterly digital revenue, which now accounts for over a quarter of total sales.

Netflix Sued for 105 Million Dollars After Unreleased Movie Stolen From Office Desk

Los Angeles, Friday, 31 July 2026.
Producers are suing Netflix for $105 million after an unencrypted master copy of a $45 million film starring Nicolas Cage was stolen directly from a company desk in Los Angeles.

Brazilian Steelmaker Offers High Coupon in Debt Swap Strategy

São Paulo, Friday, 31 July 2026.
Brazilian steel giant CSN initiated a US$1.3 billion exchange offer, enticing bondholders with a elevated 11.000% yield to extend debt maturities from 2028 to 2030.

Digital Finance Firm Delays Shareholder Vote on Bank Merger

Princeton, Friday, 31 July 2026.
Digital Asset Acquisition Corp. has postponed its pivotal merger vote with Old Glory Bank to August 14, 2026, just days after its shareholder redemption deadline passed.

Regeneron Facing Class Action Lawsuit Over Failed Melanoma Trial

Seattle, Friday, 31 July 2026.
Regeneron faces a class action lawsuit after altering clinical trial protocols for a potential blockbuster cancer drug, concealing slow event rates before the trial ultimately failed and wiped out $11 billion in market value.

Parex Resources Becomes Colombia's Largest Independent Producer Following Acquisition

Calgary, Friday, 31 July 2026.
Parex Resources reported a second-quarter 2026 net income of $444 million following its Frontera acquisition, establishing itself as Colombia’s largest independent oil producer while maintaining strong operational momentum.

Coastal Financial Stock Plunges Following Legal Investigations Into Unexplained Loss

New York, Saturday, 1 August 2026.
Multiple law firms have launched securities fraud investigations into Coastal Financial Corporation after a sudden $68.8 million partner-related expense wiped out profits and triggered a massive 43.5% stock drop.

Alibaba Faces Legal Scrutiny Over Alleged Misleading Business Practices

New York, Saturday, 1 August 2026.
A major law firm has launched an investigation into Alibaba following accusations that the company secretly accessed an American artificial intelligence model through unauthorized accounts.

Itaú Sells Colombian Personal Banking Operations to Shift Capital Toward High-Yield Corporate Services

Bogota, Saturday, 1 August 2026.
On July 31, 2026, Banco Itaú completed the sale of its Colombian retail portfolio to Banco de Bogotá for COP$1.64 trillion, strategically reallocating capital toward corporate banking.