VANCOUVER — The Tsleil-Waututh Nation has reached a definitive agreement to purchase the casino at Hastings Racecourse from Great Canadian Entertainment, the two parties announced today. The deal, expected to close after receiving regulatory and municipal approvals, marks a significant step toward economic self-determination for the Coast Salish Nation in its traditional territory. The agreement, dated…
Raytheon, Avio partner to build new US solid rocket motor facility
ARLINGTON – Raytheon, an RTX business, and Avio USA have signed an agreement to establish a new, state-of-the-art solid rocket motor production facility in the United States, the companies announced Tuesday. The memorandum of understanding aims to make Avio a vertically integrated merchant supplier, serving Raytheon and other customers. Under the agreement, Raytheon will have…
Legislative breakthrough in Senate amid travel chaos and legal battles over food aid
WASHINGTON – The nation’s longest-ever government shutdown entered a critical new phase Monday as House Speaker Mike Johnson (R-La.) summoned representatives back to the Capitol to vote on a Senate-forged deal to reopen the government. The move signals a potential end to the 41-day crisis, even as its cascading effects—from snarled air travel to legal fights…
AI startup Majestic Labs raises $100 million to challenge data center inefficiency
LOS ALTOS — Majestic Labs, an AI startup founded by veteran chip designers from Meta and Google, emerged from stealth mode Tuesday after raising $100 million to develop technology it claims will drastically reduce the cost and scale of data centers needed for advanced artificial intelligence. The company, with dual headquarters in Los Altos, California,…
HgCapital Trust announces £19 million investment in Diamant Software GmbH
BIELEFELD – HgCapital Trust plc (HgT), today announces an investment of approximately £19 million in Diamant Software GmbH. HgT invests alongside other institutional clients of Hg, which is investing from its Hg Genesis Fund. These figures only relate to HgT’s share of Hg’s overall investment in Diamant Software. HgT, whose shares are listed on the…
Sir Dave Lewis appointed Diageo plc CEO
LONDON: The Board of Directors of Diageo plc has today appointed Sir Dave Lewis to the role of Chief Executive Officer and Executive Director, effective on 1 January 2026. Dave is a proven CEO with extensive marketing and brand building experience. He has an outstanding track record leading global consumer businesses, growing world-class brands, and…
Permira-backed bidco to acquire JTC in £2.3 billion cash deal
LONDON: Private equity firm Permira has agreed to acquire fund administration group JTC Plc (JTC.L) through its newly formed vehicle Papilio Bidco Ltd in a recommended cash deal valuing the company at approximately £2.3 billion ($2.8 billion). Under the terms of the offer, JTC shareholders will receive 1,340 pence per share in cash, representing a…
AGL Energy sells 19.9% stake in Tilt Renewables to QIC-led group for A$750 million
SYDNEY: AGL Energy Ltd (AGL.AX) said on Monday it will divest 19.9% of its 20% equity stake in Tilt Renewables to a consortium led by Queensland Investment Corporation (QIC) and the Future Fund for A$750 million ($480 million), in a move to recycle capital and support future growth. The transaction, expected to close by the…
Seafarms acquires Project Sea Dragon to revive prawn farming expansion
SYDNEY: Seafarms Group Ltd (ASX: SFG) said on Monday it has signed a conditional asset sale agreement to acquire the assets of Project Sea Dragon Pty Ltd (in liquidation), marking a strategic step toward expanding its prawn farming operations in northern Australia. The A$750,000 deal, executed through wholly owned subsidiary Sea Dragon Shrimp Pty Ltd,…
Stealth Group acquires Hardware & Building Traders in A$22 million deal; Upgrades FY28 guidance
SYDNEY: Stealth Group Holdings Ltd (ASX: SGI) said on Monday it will acquire Hardware & Building Traders Pty Ltd (HBT), Australia’s largest privately owned hardware buying group, for A$22 million in cash, in a move that positions the company as a leading alternative to industry giants Wesfarmers and Metcash. The acquisition, funded through extended bank-debt…
Paystand acquires Bitwage to embed stablecoins into $100-trillion B2B economy
SANTA CRUZ – Paystand, a blockchain-based B2B payments network, said on Tuesday it has acquired Bitwage, a platform for cross-border payroll and payouts using stablecoins, aiming to bring faster, cheaper digital currency settlement to corporate finance. The deal, terms of which were not disclosed, comes as stablecoins—digital tokens pegged to assets like the U.S. dollar—gain traction…
Stewart to acquire Mortgage Contracting Services’ business for $330 million
HOUSTON – Stewart Information Services Corp (STC.N) said on Tuesday its subsidiary, SISCO Holdings, LLC, has agreed to acquire the mortgage services division of Mortgage Contracting Services (MCS) for $330 million in cash. The deal will allow Stewart, a title insurance and real estate services company, to expand its offerings to mortgage lenders and servicers by…