Swagath Bandhakavi

3 weeks ago | techmonitor.ai | Swagath Bandhakavi

Riding on the global demand for AI chips, Broadcom has reported a second-quarter net revenue of $15bn for fiscal year 2025, narrowly surpassing Wall Street’s projection of $14.99bn. Analysts surveyed by FactSet had anticipated that Broadcom would report earnings of $1.57 per share with a revenue of $14.96bn. For the third quarter, the US-based semiconductor manufacturer anticipates approximately $15.8bn in revenue, exceeding analysts’ expectations of $15.7bn.

3 weeks ago | nsenergybusiness.com | Swagath Bandhakavi

Taseko Mines, the Tŝilhqot’in Nation, and the Province of British Columbia (BC) in Canada have jointly announced an agreement resolving a long-standing dispute over the New Prosperity mineral tenures. Located about 125km southwest of Williams Lake in the Tŝilhqot’in territory, the New Prosperity site is one of Canada’s largest copper-gold deposits, containing substantial copper and gold reserves.

3 weeks ago | financedirectoreurope.com | Swagath Bandhakavi

Global investment firm Bain Capital has completed its previously announced acquisition of a 9.9% stake in Lincoln Financial for $825m. Listed on the New York Stock Exchange (NYSE), Lincoln Financial is a provider of retail life and annuity solutions and workplace benefits. The investment deal was announced in April 2025, which also establishes a 10-year, non-exclusive investment management partnership.

3 weeks ago | banking-gateway.com | Swagath Bandhakavi

NB Bancorp, the parent company of Needham Bank, and Provident Bancorp, which owns BankProv, are set to merge in a stock and cash deal worth $211.8m. The two bank holding firms are currently listed on Nasdaq. Following their merger, BankProv will integrate into Needham. Under the merger terms, unanimously approved by both companies’ boards, Provident shareholders can choose to receive either 0.691 shares of Needham stock or $13 in cash for each Provident share.

3 weeks ago | nsenergybusiness.com | Swagath Bandhakavi

Canada-based gas producer Vermilion Energy is set to exit fully from the US market following an agreement to sell its remaining assets in Wyoming to an undisclosed buyer for C$120m ($87.75m). The assets involved in the deal include production of approximately 5,500 barrels of oil equivalent per day (boe/d), with 81% comprising oil and liquids.