Category: Business

The Japanese company’s shares climbed to a new record close, driven by growing hopes for its games segment and other entertainment businesses.

The companies said production is planned to start by end of 2026 and the plant could reach 50 gigawatt hours of capacity.

Danish financial services group Nykredit will make a cash bid for Spar Nord Bank in a deal that values the Danish bank at around $3.5 billion.

Designer Brands said its sales fell in the third quarter and cut its outlook for the year as unfavorable weather and economic uncertainty reduced consumer spending. Shares fell premarket.

Europe’s largest insurer expects earnings growth to accelerate in the next three years driven by its property and casualty division and promised to return three quarters of its net profit to shareholders.

Hershey said Del Pozzo will depart this week, with President and CEO Michele Buck assuming oversight of the business while the Hershey, Pa., company works to identify a successor.

The potential deal follows Nippon Life’s purchase of a stake in Corebridge Financial from American International Group and underscores the Japanese insurer’s thirst for deals abroad.

Gen, which provides security, storage and systems management through brands such as Norton and Lifelock, said it will pay $82 a share in cash to acquire the digital financial-services and lifestyle-content platform.

SiriusXM expects to bring in less revenue next year than in 2024, according to the company’s latest guidance.

Both sides said the latest round of negotiations had been constructive, but further talks would be needed to find a way forward.