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Seadrill won a $420M Indonesia rig contract and secured longer work in Malaysia and Angola, while adding a short-term U.S. Gulf assignment.
Monte dei Paschi said Intesa’s sweetened offer leaves shareholders facing uncertainty while forcing them to abandon an alternative defence plan.
Expensive stocks, including AI favorites, have suffered sharp valuation cuts. High Treasury yields are raising the bar for earnings results.
Michael Morgan will become Mueller Water Products’ CFO after a transition, while Melissa Rasmussen remains an adviser through December 31, 2026.
U.S. stocks ended mixed, oil futures gained more than 2%, and Houthi attacks disrupted energy infrastructure and Delta’s planned Saudi Arabia service.
Citigroup kept its Neutral rating on Johnson Controls Intl. Benzinga reported the decision in its analyst-ratings section for the company.
India’s RBI extended a 20% cash reserve on rupee FX hedges to banks’ own exposures and limited overseas clients’ rupee NDFs to hedging, Newsmetry API reports.
Citigroup maintained its Buy rating on Madison Air Solutions but cut the stock price target to $40 from $49 per share, Newsmetry API reports.
Citigroup maintained Buy ratings on nVent Electric and Cummins, while lifting nVent Electric’s price target from $215.00 to $228.00 per share.
Bumble is reportedly discussing a take-private deal valued at about $1 billion. Its shares jumped over 50%, while Match Group stock gained 1%.
U.S. stocks ended mixed ahead of bank earnings and inflation data. Bumble slipped after hours, while FormFactor rose on its Teradyne collaboration.
U.S. and international rates were mostly unchanged from a week earlier, while Freddie Mac’s average 30-year mortgage rate rose to 7.40%.
Kroger plans to cut roughly one-third of its corporate positions over the next three years, Bloomberg News reported, citing a company memo.
Google priced Fitbit Edge at $179.99, adding an OLED screen, GPS, ECG and an AI coach; preorders are open, with retail sales due to start on October 27.
Citigroup cut its price targets for Xylem, Pentair and Caterpillar. Benzinga listed the rating actions on the companies’ analyst-ratings pages.
Meta is releasing Muse Wonder and Muse Wonder Full, models intended to run Muse assistants first for paid subscribers as the company expands its AI push and product strategy.
Seadrill secured an Indonesia contract worth about $420 million for West Carina, with operations expected to start in the first half of 2027.
Danaher has appointed Daniel Comas and Robert Hershberg as directors, according to a company release distributed by PR Newswire. The move changes board composition.
CME Group reported 310,940 ounces of platinum and 249,946 ounces of palladium in combined NYMEX warehouse stocks on October 12.
Live cattle futures fell 0.2% as weaker beef cutout prices pressured the market, while lean hog futures ended 0.8% higher at 68.35 cents.