Hanwha offers $1.7B for Austal US unit
Defence conglomerate Hanwha submitted a $1.7 billion conditional offer to acquire the United States division of Austal (ASX:ASB).
Defence conglomerate Hanwha submitted a $1.7 billion conditional offer to acquire the United States division of Austal (ASX:ASB).
Automotive parts manufacturer Amotiv (ASX:AOV) reported a statutory net profit of $75.1 million for the 2026 financial year.
Helia Group (ASX:HLI) reported a 25% drop in first-half statutory net profit after tax to $100 million from $133.7 million.
Life360 (ASX:360) increased second-quarter total revenue by 38% to US$159 million, driven by subscription and advertising growth.
Southern Cross Media Group (ASX:SXL) recorded a 57.6% profit fall to $9.9 million for FY26 following weaker advertising revenue.
SGH (ASX:SGH) reported a 1% underlying EBIT increase to $1.55 billion for FY26. Net profit for the period slipped to $920 million.
The South Australian government has announced an $3 million royal commission into artificial intelligence starting on Oct. 1.
The Australian government is advancing a $250 million news levy impacting publishers like Nine Entertainment (ASX:NEC).
The push by young women to gain acceptance into sororities at large schools in the Deep South has led to an increase in demand for rush coaches. Bloomberg News Reporter Gabriel Baumgaertner discusses his recent story about the high price tag some parents are willing to invest to help their kids get into the sorority of their dreams.
During a recent meeting with top industry executives, the US President announced $3 billion in investments aimed at strengthening the domestic critical minerals and mining sector. The initiative seeks to reduce reliance on supply chains dominated by China. Gary Evans, Chairman and CEO of US Antimony, participated in the discussion and spoke to Bloomberg News about how much he is willing to see the government invest in his firm.
Hims & Hers Health shares are down after the telehealth firm reduced the top end of its adjusted Ebitda forecast for the full year. Madison Muller reports on "Bloomberg The Close."
Craig Stevenson, CEO of Gotham Greens, addressed the ongoing concerns over food safety amid recent recalls linked to salmonella in jalapenos and the widespread Cyclospora outbreak affecting thousands in the U.S. He noted a temporary decline in consumer demand for greens as news of outbreaks circulates, but emphasized that consumer interest in salads remains strong. He speaks with David Gura & Isabelle Lee on "The Close."