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Westinghouse Air Brake (WAB) Signs $700 Million-Plus Rail Services Deal. Can Profits Grow?
Westinghouse Air Brake Technologies secured a services agreement worth over $700 million with La Compagnie du TransGuinéen for a Guinea rail project, extending its relationship beyond equipment sales into ongoing fleet support.
MGM CEO leaves door open to People Inc. bid as casino dealmaking heats up
MGM CEO Bill Hornbuckle indicated the casino operator could pursue acquiring Barry Diller’s People Inc., reversing course after the media company withdrew its $48.30-per-share takeover proposal.
Iran Is Losing Some of Its Leverage Over the Strait of Hormuz
Persian Gulf crude flows have recovered to prewar levels, but much of the oil now bypasses the Strait of Hormuz through alternative routes, suggesting Iran’s leverage over the waterway has diminished significantly.
Australian Government Accelerates Renewable Energy Transition
Australia’s renewable energy agency announced 100 community batteries installed and expanded funding for household electrification and battery storage programs across the nation.
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Wendy’s franchisee files for Chapter 11 bankruptcy protection as burger chain struggles
Meritage Hospitality, a major Wendy’s franchisee operating 314 locations, filed for Chapter 11 bankruptcy as the burger chain faces persistent same-store sales declines and profitability challenges.
Auto industry urges Trump to bar Chinese automakers in U.S. ahead of Xi visit
U.S. automotive industry groups urge President Trump to maintain barriers against Chinese automakers or ban them entirely, ahead of his meeting with Chinese President Xi Jinping.
Disney names CTO for the first time as media giant expands tech push
Disney appointed Karandeep Anand as its first chief technology officer, effective Oct. 2, to oversee enterprise technology, infrastructure, data, and artificial intelligence across the company.
What expensive sulfur means for your dinner table
Sulfur prices have surged dramatically due to global supply disruptions, threatening to increase fertilizer costs and ultimately push food prices higher in 2027.
JP Morgan struggling to forecast oil prices due to US-Iran war
JP Morgan has acknowledged difficulty forecasting oil prices amid the US-Iran conflict, stating analysts cannot determine how the situation will ultimately resolve or what economic outcomes may follow.
Ever wonder how the Fed’s interest rate actually works? We’ve got answers
The Federal Reserve raised interest rates by a quarter percentage point this week to combat persistent inflation, a move intended to cool spending and prices across the economy despite near-term pain for borrowers.
Taxi drivers’ share ‘complete nightmare’ as fuel prices soar
Fuel prices in the West of England have surged to nearly £2 per litre due to Middle East disruptions, forcing taxi drivers and other businesses to reduce profit margins while facing pressure to keep prices competitive.
Russia’s elections had few surprises – but how the Kremlin uses the results will be crucial
Russia’s United Russia party secured an even larger constitutional majority in parliamentary elections, with no surprises in the tightly controlled political system despite ongoing war and economic difficulties.
Lindsay Clancy’s ex-husband says he forgave her so he would not be ‘eaten up inside forever’
Patrick Clancy, ex-husband of Lindsay Clancy who killed their three children, says he forgave her to avoid being consumed by resentment, citing her severe mental illness as the underlying cause.
Merz vows to keep ruling coalition together for sake of Germany’s ‘democratic future’
German Chancellor Friedrich Merz vows to maintain his CDU-SPD coalition despite significant defeats in recent state elections where far-right and left-wing parties made major gains.
Brazil election: Lula and Flavio Bolsonaro tied in latest polls
Brazilian President Lula and Senator Flavio Bolsonaro remain statistically tied in recent polls ahead of the October 4 first-round election, with potential runoff dynamics tightening significantly.
‘Orphaned’ by floods, more than 500 Nepali children face uncertain future
More than 500 children across Nepal’s flood-affected districts are living in temporary shelters after losing one or both parents to devastating floods last month that killed over 1,400 people.