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October 16, 2026
Global developments shaping business, policy, and markets
Li Auto keeps 74% of chip unit as RMB1.63 billion funding targets new growth beyond vehicles
Li Auto is raising RMB1.625 billion for its chip subsidiary while retaining control. See what the financing means for MHX Technology and $LI…
Woodward (Nasdaq: WWD) names Paxton McVoy CIO after 21% quarterly sales growth
Woodward, Inc. has created an Executive Vice President and Chief Information Officer position and hired former Veralto technology chief Paxton…
Federal Bank (NSE: FEDERALBNK) Q2 profit jumps 45% as margins recover and bad loans hit decade lows
Federal Bank has delivered a record ₹1,386 crore quarterly profit while reducing gross NPAs to 1.32%, their lowest level in a decade. Stronger…
Schneider Electric raises 2026 outlook as AI data centre demand drives record Q3 revenue
Schneider Electric's third-quarter revenue reached €11.46 billion, prompting another upgrade to its 2026 growth and earnings outlook. AI…
Fox Factory just sold Marucci and cut debt. Why has its CEO now been removed?
Fox Factory Holding Corp. has replaced Chief Executive Officer Mike Dennison with independent director Douglas Grimm on an interim basis after…
Union Pacific is pursuing an $85bn railroad deal. Why is its CFO succession suddenly important?
Union Pacific Chief Financial Officer Jennifer Hamann will retire in early 2027 after 35 years at the railroad, just as the company advances…
