(Reuters) -GE Vernova ( GEV ) said on Tuesday that it would acquire the remaining 50% stake of Prolec GE, its unconsolidated joint venture with Xignux. The company said it would pay $5.28 billion at closing, funded equally between cash and debt. The power equipment maker said the deal would boost its Electrification segment's growth, betting on rising demand for...

(Reuters) -Luxury goods giant LVMH is exploring a sale of its 50% stake in Fenty Beauty, which it co-owns with Grammy Award-winning singer and entrepreneur Rihanna, according to four people familiar with the matter. The company is working with investment bank Evercore on the sale, three of the people said. All four asked not to be identified because the process...

05:23 PM EDT, 10/21/2025 (MT Newswires) -- AST SpaceMobile ( ASTS ) plans a private offering of $850 million in convertible senior unsecured notes due 2036 to institutional buyers. Initial purchasers will have a 13-day option to buy up to an additional $150 million of the notes, the company said Tuesday in a statement. Net proceeds will be used for...

05:23 PM EDT, 10/21/2025 (MT Newswires) -- Cushman & Wakefield ( CWK ) said Tuesday it amended its credit agreement to extend the maturity date of its revolving credit facility to Oct. 21, 2030, and reduced total commitments to $1 billion from $1.10 billion to align with its working-capital strategy. The amendment also lowers the applicable interest for certain levels...