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Verizon (NYSE: VZ) to Sell 274 Stores and Cut About 3,000 Jobs in Major Restructuring
Verizon is reshaping its retail business with another major restructuring effort. On July 16, 2026, the U.S. wireless carrier announced plans to sell 274 company-owned retail stores and eliminate about 500 corporate positions, affecting roughly 3,000 retail and corporate employees. The store transactions will become effective on August 16, 2026, leaving Verizon with approximately 1,000…
Rotork (LSE: ROR) Agrees to £4.1 Billion Takeover by ABB (SWX: ABBN) in Major UK M&A Deal
On 16 July 2026, ABB (SWX: ABBN) agreed to acquire Rotork (LSE: ROR) in a £4.1 billion all-cash deal, making it one of the largest UK industrial acquisitions announced this year. The offer gives Rotork shareholders a substantial premium while expanding ABB’s industrial automation and smart flow control business. It also comes as overseas buyers…
Nvidia (NASDAQ: NVDA) Partners With Fanuc and Yaskawa to Accelerate AI-Powered Robotics Development
Nvidia confirmed Thursday, July 16, 2026, that it’s partnering with Japanese robotics giants Fanuc and Yaskawa Electric to accelerate AI-powered robotics development. CEO Jensen Huang announced at a media event in Tokyo, framing physical AI as the technology’s next major frontier. The move expands Nvidia’s Cosmos Coalition, a growing alliance built around its robotics software…
SBI Funds Management IPO Day 3 Updates: Check Live Subscription, Allotment Date; SBI Shares Drop 0.18%
The SBI Funds Management IPO entered its third and final day of bidding on July 16, 2026, with strong interest from both retail and institutional investors. As the issue moves toward closing, investors are closely watching the latest subscription figures, Grey Market Premium (GMP), and the allotment schedule. Meanwhile, State Bank of India (SBI) shares…
BMW Recalls 29,119 Plug-In Hybrids Over Starter Fire Risk on July 15
BMW recalls 29,119 plug-in hybrid sedans (330e, 530e, 740Le) over fire risk from corroded starter relay. Free replacement begins August 28. Owners advised to park outside until repair.
US, EU, and Global Aid Flows Into Venezuela After Devastating 7.5 Earthquakes
Venezuela earthquakes on June 24 killed 4,700+ and displaced 21,000. US, EU, and global partners now delivering food, medical aid, and shelter to 40,000+ families through NGOs and military operations.
Subaru Recalls 541,000 SUVs Over Incorrect Weight Labels on July 15
Subaru recalls 541,237 SUVs over incorrect gross axle weight rating labels. Affected models include 2019-2026 Ascent, 2025-2026 Forester, and 2026 Crosstrek Hybrid. Free corrected labels will be mailed starting August 25.
Nvidia Corp (NVDA) Rises 4.06% as Mizuho Financial Group Partners With Chipmaker to Build In-House AI Platform
Nvidia Corp shares climbed 4.06% on July 15, 2026, closing near $211.80. The rally followed news that Mizuho Financial Group will partner with Nvidia Corp to build an in-house AI platform. The Japanese banking giant aims to protect sensitive customer data by avoiding external AI tools. Nvidia’s market capitalization now sits near $5.13 trillion. This…
Thames Water Swings to £226 Million Profit While Debt Climbs Close to £20 Billion
Thames Water swung to a £226.4 million pre-tax profit for the year ended March 31, 2026. That marks a dramatic turnaround from losses of £1.65 billion the previous year. Despite the profit swing, Thames Water’s total debt climbed to £19.77 billion. That’s up from £17.73 billion a year earlier, as the company kept borrowing. Thames…