Kimberly-Clark completed its acquisition of Kenvue Inc.
Kimberly-Clark Corporation announced the completion of its acquisition of Kenvue Inc., creating a global consumer health and wellness leader. The combination unites 10 billion-dollar brands and is expected to deliver approximately $2.1 billion in run-rate synergies. Kimberly-Clark also announced leadership updates, board changes, and integration plans associated with the transaction.
Public Service Enterprise Group Inc. announced 3Q 2026 net income of $0.76 per share
Public Service Enterprise Group Inc. announced its third quarter 2026 results on November 2, 2026. The company reported net income of $376 per share and non-GAAP operating earnings of $1.15 per share for the third quarter of 2026. Management also reaffirmed its full-year 2026 non-GAAP operating earnings guidance in the range of $4.28 to $4.40 per share.
Marvell and Lumentum to combine in an AI connectivity merger.
Lumentum Holdings Inc. announced that it entered into an agreement to combine with Marvell Technology, Inc. Under the terms of the merger, each share of Lumentum common stock will be converted into the right to receive 4.500 shares of Marvell common stock. The transaction creates a category leader in AI connectivity and is subject to customary closing conditions.
Marvell agreed to acquire Lumentum in an all-stock transaction valued at $115B.
Marvell Technology, Inc. and Lumentum Holdings Inc. announced they entered into a definitive agreement for Marvell to acquire Lumentum in an all-stock transaction with an implied enterprise value of $115 billion. Under the terms, Lumentum stockholders will receive 4.500 shares of Marvell common stock for each Lumentum share, resulting in current Marvell stockholders owning approximately 67% and Lumentum stockholders owning approximately 33% of the combined company. The transaction is expected to close in the first half of calendar year 2028, subject to customary closing conditions. In connection with the announcement, Marvell reported preliminary revenue for the third quarter of fiscal 2027.
Entergy reports third quarter 2,026 earnings per share of $1.98
Entergy Corporation reported third quarter 2026 financial results, announcing as-reported and adjusted earnings of $940 million, or $1.98 per share. The company narrowed its 2,026 adjusted earnings per share guidance range to $4.35 to $4.45 and affirmed its financial outlooks. Additionally, the board declared a quarterly dividend of 68 cents per share, representing a six percent increase.
Fox Corporation reported Q1 fiscal 2027 revenue of $4.57B and net income of $957M.
Fox Corporation reported financial results for the first quarter of fiscal 2027, ending September 30, 2026. The company announced total quarterly revenue of $4.57 billion, net income of $957 million, and adjusted EBITDA of $1.64 billion.
Xcel Energy announced a $2,000,000,000 convertible senior notes offering.
Xcel Energy Inc. announced a proposed private offering of $2,000,000,000 in aggregate principal amount of convertible senior notes due 2027. The company also expects to grant initial purchasers an option to purchase up to an additional $300,000,000 of the notes. Proceeds will be used to repay short-term borrowings and for general corporate purposes.
Lumentum reported Q1 fiscal 2027 net revenue of $1.26 billion
Lumentum Holdings Inc. reported a net revenue of $1.26 billion for its first quarter of fiscal year 2027, ending September 26, 2026. GAAP net income was $360.3 million, or $3.54 per diluted share, while non-GAAP net income reached $461.1 million, or $4.57 per diluted share. For the upcoming second quarter of fiscal 2027, the company forecasts net revenue between $1.575 billion and $1.625 billion.
Marriott reported Q3 2026 net income of $794M and EPS of $3.04.
Marriott International, Inc. announced its third quarter 2026 results, reporting net income of $794 million and diluted earnings per share of $3.04. Worldwide RevPAR increased 6.5 percent compared to the same period in 2025. The company repurchased 3.5 million shares of common stock for $1.3 billion during the quarter.
Director Frances Arnold sold 82 shares of Alphabet Inc. Class C Common Stock for $23,288 at an average price of $284 on October 29, 2026. The sale was executed under a Rule 10b5-1 trading plan adopted on August 21, 2025. Following the transaction, the insider directly held 19,157 shares.
Jennifer Newstead, SVP, GC and Government Affairs of Apple Inc., sold 2,399 shares of common stock on October 27, 2026, for an average price of $343.36, totaling approximately $823.7K. This sale was made pursuant to a Rule 10b5-1 trading plan adopted on May 5, 2026. Following the transaction, the insider directly holds 32,396 shares.
