News
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Dell workforce drops 10% in fiscal 2026, filing shows
March 16 (Reuters) - Dell's DELL.N total workforce declined by about 10%, or 11,000 employees, in fiscal 2026, it said on Monday, a sign that the AI server maker is limiting external hiring to reduce costs.The company spent $569 million in severance payments in this period, compared with $693 mi...Reuters
Mon, Mar 16
Chipmaker Semtech beats Q4 profit estimates on strong demand from data centers
OverviewUS semiconductor maker's Q4 revenue rose 9% yr/yr to record levelAdjusted EPS for Q4 beat analyst expectationsCompany cites portfolio strength and execution for revenue and earnings growthOutlookSemtech sees Q1 FY27 net sales at $283 mln, plus or minus $5 mlnCompany expects Q1 FY27 adjus...Reuters
Mon, Mar 16
Natural Gas Services Q4 core profit beats estimates, helped by better fleet utilization
OverviewUS natural gas compression provider's Q4 rental revenue rose 16% yr/yrQ4 adjusted EBITDA grew 17.6% and beat analyst expectationsCompany attributes results to record rented horsepower and higher fleet utilizationOutlookCompany sees 2026 adjusted EBITDA of $90.5 mln to $95.5 mlnNGS expect...Reuters
Mon, Mar 16
Mobile healthcare provider DocGo's Q4 revenue beats estimates
OverviewUS mobile health services provider's Q4 revenue fell yr/yr but beat analyst expectationsCompany launched formal process to explore strategic alternativesOutlookDocGo raises 2026 revenue guidance to $290-$310 mln, up from $280-$300 mln priorCompany now expects 2026 adj EBITDA loss of $5-$...Reuters
Mon, Mar 16
Playboy Q4 revenue rises driven by continued strength in global licensing business
OverviewUS pleasure and leisure firm's Q4 revenue rose 4%, beating analyst expectationsQ4 adjusted EBITDA beat consensus, reflecting improved operational efficiency and cost managementOutlookCompany expects sustainable, profitable growth in 2026 with a strengthening balance sheetPlayboy sees gro...Reuters
Mon, Mar 16
Beyond Meat delays annual report over inventory control issues
March 16 (Reuters) - Beyond Meat BYND.O said on Monday it will delay filing its annual report for the full year ended 2025, citing a material weakness related inventory balances and its internal control over financial reporting.Reuters
Mon, Mar 16
Getty Images beats Q4 revenue estimates on strength across segments
OverviewUS visual content marketplace's Q4 revenue rose 14%, beating analyst expectationsAdjusted EBITDA for Q4 beat consensus, rising 29% yr/yrCompany reported Q4 net loss due to higher litigation and merger-related expensesOutlookGetty Images sees 2026 revenue between $948 mln and $988 mlnComp...Reuters
Mon, Mar 16
Arena Group Q4 revenue, net income decline
OverviewUS digital media firm's Q4 revenue fell to $28.2 mlnNet income for Q4 declined to $5.3 mln from $6.9 mln a year earlierCompany reduced outstanding debt by 12% in Q4 via $13 mln principal repaymentOutlookArena expects strategic flexibility to drive positive cash from operations for full y...Reuters
Mon, Mar 16
FACTBOX-Lawsuits against Trump administration's health policy changes
March 16 (Reuters) - A federal judge on Monday blocked key parts of Health Secretary Robert F. Kennedy Jr.'s effort to reshape U.S. vaccine policy, including a move to reduce the number of shots routinely recommended for children.U.S. District Judge Brian Murphy in Boston sided with medical gro...Reuters
Mon, Mar 16
Ampco-Pittsburgh's Q4 net loss widens on UK exit, asbestos charges
OverviewUS specialty metal products maker's Q4 revenue rose yr/yr, adjusted EBITDA declined from prior yearCompany posted large GAAP net losses due to UK facility exit and asbestos-related chargesQ4 adjusted EBITDA declined yr/yrOutlookCompany expects positive annual EBITDA impact of $7 mln to $...Reuters
Mon, Mar 16
FutureFuel Q4 revenue falls 68% on biofuel uncertainty
OverviewU.S. chemicals and biofuels maker's Q4 revenue fell 68% yr/yr amid biofuel segment uncertaintyCompany posted Q4 net loss, down from profit a year earlierAdjusted EBITDA turned negative in Q4, reflecting lower volumes and high input costsOutlookCompany expects meaningful revenue from new ...Reuters
Mon, Mar 16
Rafael Holdings Q2 net loss widens on consolidation of Cyclo Therapeutic's costs
OverviewU.S. biotechnology firm's fiscal Q2 revenue rose yr/yr but remains modestNet loss widened to $6.4 mln due to consolidation of Cyclo Therapeutic’s expenses after Cyclo acquisitionCompany expects top-line results from pivotal Phase 3 trial in Q3 calendar 2026OutlookCompany expects to compl...Reuters
Mon, Mar 16
US court rules against S Korean gaming company and its AI-hatched takeover plan
By Tom Hals WILMINGTON, Delaware, March 16 (Reuters) - A Delaware judge ordered on Monday that South Korean game developer Krafton Inc 259960.KS reinstate the head of one of its video game studios, ruling that he had been improperly removed as part of a takeover plan hatched by ChatGPT.Krafton...Reuters
Mon, Mar 16
Black Diamond Therapeutics Q4 net loss narrows, full-year profit turns positive
OverviewUS oncology drug developer posted Q4 net loss, narrowing from prior yearFull-year net income turned positiveR&D and G&A expenses fellOutlookBlack Diamond expects cash position to fund operations into 2H 2028Result DriversCOST REDUCTIONS - Co said lower R&D and G&A expenses we...Reuters
Mon, Mar 16
Drone-maker AeroVironment buys aerospace engineering firm ESAero in $200 million deal
March 16 (Reuters) - Drone maker AeroVironment AVAV.O said on Monday it has acquired Empirical Systems Aerospace, a producer of unmanned aircraft systems and advanced air mobility platforms, in a cash-and-stock deal valued at about $200 million.ESAero will operate as a subsidiary of AeroVironment, r...Reuters
Mon, Mar 16
Lawyer Abbe Lowell hires first partner at firm defending Trump targets
By David Thomas March 16 (Reuters) - Prominent Washington lawyer Abbe Lowell has hired his first partner at the law firm he launched last year, as he defends multiple, high-profile clients who have been targeted by President Donald Trump's administration.Lowell & Associates announced on M...Reuters
Mon, Mar 16
FACTBOX-US Health Secretary Kennedy's vaccine actions and policy positions
March 16 (Reuters) - A U.S. judge on Monday blocked key parts of Health Secretary Robert F. Kennedy Jr.'s effort to reshape U.S. vaccine policy, including a move to reduce the number of shots routinely recommended for children. U.S. District Judge Brian Murphy in Boston sided with...Reuters
Mon, Mar 16
Deals of the day-Mergers and acquisitions
March 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: Finnish lift maker Kone Oyj KNEBV.HE is in talks to buy TK Elevator, which has been preparing for an initial public offering, Bloomberg News reported, citing people familiar with the...Reuters
Mon, Mar 16
EU nears trade deal with Australia, Bloomberg News reports
March 16 (Reuters) - The European Union is nearing a trade agreement with Australia after years of negotiations, European Commission President Ursula von der Leyen told EU leaders, saying talks were in their "final stretch," Bloomberg News reported on Monday.The report said she may travel to...Reuters
Mon, Mar 16
