Business 9 March 2026 - 10 March 2026

BHP Group Ltd Succession Spotlight Sharpens as Geraldine Slattery Emerges in Twin CEO Race
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BHP Group Ltd Succession Spotlight Sharpens as Geraldine Slattery Emerges in Twin CEO Race

BHP Australia President Geraldine Slattery is under consideration to succeed BHP CEO Mike Henry and is also a contender for the top job at Woodside Energy, according to reports from The Australian and Reuters. Woodside is interviewing candidates and plans to name a CEO in early 2026. BHP has not commented on succession. The miner’s next production update is set for April 22.
March 10, 2026
ServiceNow Partners With Cohesity to Safeguard AI Agents as Enterprise Risks Rise
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ServiceNow Partners With Cohesity to Safeguard AI Agents as Enterprise Risks Rise

ServiceNow and Cohesity announced a partnership Tuesday to enable rapid restoration of AI agents and their data after errors or attacks, integrating ServiceNow’s AI Agent Control Tower with Cohesity Data Cloud later this year. The move comes as more businesses deploy autonomous AI agents, raising the stakes for recovery and resilience. ServiceNow shares fell about 3.2% in early trading.
March 10, 2026
Caterpillar Inc. Lands $840 Million Atlas Power Deal as AI Data Center Power Crunch Deepens
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Caterpillar Inc. Lands $840 Million Atlas Power Deal as AI Data Center Power Crunch Deepens

Atlas Energy Solutions agreed to buy about $840 million in Caterpillar power-generation equipment through 2029, securing roughly 1.4 gigawatts of capacity. The deal comes as data center growth strains the U.S. grid and developers shift to on-site generation. Caterpillar shares rose 3% after the announcement. Atlas expects to own around 2 gigawatts of generation assets by 2030.
March 10, 2026
JPMorgan Chase Faces Fresh Legal Pressure as Employee Drug-Cost Suit Moves Ahead
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JPMorgan Chase Faces Fresh Legal Pressure as Employee Drug-Cost Suit Moves Ahead

A federal judge in Manhattan allowed JPMorgan Chase employees to pursue key claims in a proposed class action alleging the bank mismanaged its health and prescription benefits plan, leading to inflated drug and premium costs. The suit claims the plan paid markups averaging 211% on 366 generic drugs through CVS Caremark. JPMorgan declined to comment. The judge dismissed some fiduciary-duty claims but let prohibited-transaction claims proceed.
March 10, 2026
Oracle Corporation Earnings Today: Can AI Cloud Growth Calm Wall Street’s Cost Fears?
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Oracle Corporation Earnings Today: Can AI Cloud Growth Calm Wall Street’s Cost Fears?

Oracle will report third-quarter results after markets close Tuesday, as investors watch whether AI cloud demand can offset soaring data center costs. Shares fell 1.4% in early trading. Oracle plans to raise up to $50 billion this year for cloud expansion and may cut thousands of jobs, according to Bloomberg. Analysts expect revenue of $16.9 billion and adjusted EPS of $1.70.
March 10, 2026
Vertiv Holdings launches industrial UPS as S&P 500 move tests next phase of AI growth
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Vertiv Holdings launches industrial UPS as S&P 500 move tests next phase of AI growth

Vertiv Holdings on Tuesday launched an industrial-grade UPS for factories and harsh sites, expanding its lineup before its March 23 S&P 500 entry. The company completed a $2.1 billion bond offering and secured a $2.5 billion credit facility this month. Vertiv forecasts 2026 net sales up to $13.75 billion after a surge in orders and backlog. The industrial UPS market includes established rivals Eaton and Schneider Electric.
March 10, 2026
Lumentum Holdings Inc. to Join S&P 500 After Nvidia Deal Lifts AI Optics Trade
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Lumentum Holdings Inc. to Join S&P 500 After Nvidia Deal Lifts AI Optics Trade

Lumentum Holdings will join the S&P 500 on March 23 after S&P Dow Jones Indices named it in the benchmark’s quarterly rebalance. The move follows Nvidia’s $2 billion investment in Lumentum and multibillion-dollar purchase commitments for advanced laser components. Lumentum reported fiscal Q2 revenue of $665.5 million, up 65.5% from a year earlier, and forecasted up to $830 million for the current quarter.
March 10, 2026
Micron Technology, Inc. Stock Rises on Applied Materials AI Memory Deal Ahead of Earnings
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Micron Technology, Inc. Stock Rises on Applied Materials AI Memory Deal Ahead of Earnings

Micron Technology will partner with Applied Materials on advanced DRAM and NAND chip development, expanding U.S. research as AI demand strains memory supply. Micron shares rose to $389.32, up $19.14. Engineers in Silicon Valley and Boise will focus on new materials and chip architectures. The move comes as rivals Samsung and SK Hynix lead in high-bandwidth memory shipments for AI systems.
March 10, 2026
Apple Faces Fresh German Fine Threat After Publishers Reject App Tracking Changes
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Apple Faces Fresh German Fine Threat After Publishers Reject App Tracking Changes

German publishers and advertisers urged the country's cartel office to reject Apple's proposed changes to App Tracking Transparency and impose a fine, arguing the revisions still give Apple too much control over ad data. The regulator is reviewing Apple's December offer and has not ruled out penalties. France fined Apple €150 million over ATT last year. Apple shares rose 0.9% in U.S. premarket trading Tuesday.
March 10, 2026
Why Sandisk Stock Jumped 11.6% as AI Storage Demand Drew a Fresh $1,000 Call
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Why Sandisk Stock Jumped 11.6% as AI Storage Demand Drew a Fresh $1,000 Call

Sandisk shares jumped 11.6% to $588.73 on Monday, outpacing Micron and Western Digital as investors bought into memory and AI-linked storage stocks. The company reported second-quarter revenue of $3.03 billion, up 31% from the prior quarter, and forecasted stronger-than-expected Q3 results. Analyst Mehdi Hosseini reiterated a Buy rating and $1,000 price target, citing tight NAND supply and rising AI demand.
March 10, 2026
Coca-Cola HBC AG Shares Buck FTSE Slide as Oil Shock Tests 2026 Profit Outlook
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Coca-Cola HBC AG Shares Buck FTSE Slide as Oil Shock Tests 2026 Profit Outlook

Coca-Cola HBC shares rose 0.09% to 4,500 pence Monday, outperforming the FTSE 100’s 0.3% drop as oil and aluminium prices surged. Brent crude jumped 6.8% and aluminium hit a four-year high, raising cost concerns. The bottler targets 7%-10% organic operating profit growth in 2026 after reporting 8.1% organic revenue growth last year. Its $2.6 billion deal for Coca-Cola Beverages Africa is set to close by late 2026.
March 10, 2026
Airtel Africa Plc Buys 80,000 Shares as $100 Million Buyback Nears March 31 Deadline
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Airtel Africa Plc Buys 80,000 Shares as $100 Million Buyback Nears March 31 Deadline

Airtel Africa bought 80,000 shares at an average 345.59 pence each on March 6, part of a $100 million buyback set to run through March 31. The company now has 3.645 billion voting rights outstanding and has repurchased 44.1 million shares under the program. Airtel plans to list its mobile payments unit, Airtel Money, in the first half of 2026. Nine-month revenue to Dec. 31 was $4.667 billion.
March 10, 2026
Informa Plc presses on with £200 mln share buyback ahead of 2025 results as Gulf risks shadow outlook
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Informa Plc presses on with £200 mln share buyback ahead of 2025 results as Gulf risks shadow outlook

Informa bought 1.363 million shares for cancellation last week as part of a 2026 buyback of at least £200 million, reducing total shares to 1,279,627,119. The company reports 2025 results Thursday and has forecast over £4 billion in 2025 revenue and 6% underlying growth for 2026. Informa is also exploring a sale of its Monaco luxury events assets. JPMorgan has cut 2026 Gulf growth forecasts amid regional tensions.
March 10, 2026
Aviva plc Restarts £350 Million Buyback as Shares Slide — Why Analysts Still See Value
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Aviva plc Restarts £350 Million Buyback as Shares Slide — Why Analysts Still See Value

Aviva bought 20,000 shares for cancellation under its £350 million buyback, but shares closed down 2.58% at 611.2 pence. The company reported a 25% rise in 2025 operating profit to £2.2 billion, boosted by the Direct Line acquisition. Aviva resumed buybacks after pausing for the deal, and proposed a 26.2 pence final dividend. The buyback program started March 6 and runs through August 6.
March 10, 2026
Hiscox Ltd Cancels More Shares as $300 Million Buyback Builds After Record Profit
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Hiscox Ltd Cancels More Shares as $300 Million Buyback Builds After Record Profit

Hiscox bought back 69,849 shares on March 6 at an average 1,459.08 pence each and will cancel them as part of its $300 million buyback. The insurer reported 2025 pre-tax profit rose to a record $732.7 million, with written premiums up 5.9% to $4.98 billion. January renewals saw London Market pricing down 4% and reinsurance down 13%. Hiscox reserved $170 million for California losses earlier this year.
March 10, 2026
Reckitt Benckiser Group plc starts £540 million share buyback after Europe warning rattles investors
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Reckitt Benckiser Group plc starts £540 million share buyback after Europe warning rattles investors

Reckitt Benckiser launched a new share buyback of up to £540 million on Monday, with Deutsche Bank handling purchases through July 27. Shares ended down about 2% in London despite the move. The company warned Europe will stay challenging and a weak cold-and-flu season will hurt first-quarter demand. Fourth-quarter sales rose 5.4% overall but fell 4.5% in Europe.
March 9, 2026
Shell Plc to Sell Jiffy Lube to Monomoy for $1.3 Billion in Latest Portfolio Shake-Up
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Shell Plc to Sell Jiffy Lube to Monomoy for $1.3 Billion in Latest Portfolio Shake-Up

Shell will sell Jiffy Lube International and Premium Velocity Auto to Monomoy Capital Partners for $1.3 billion, with the deal expected to close in the second half of 2026. The sale includes a long-term lubricants supply agreement. Jiffy Lube accounts for about 6.5% of Shell’s lubricants volume in the U.S. and Canada. Shell will retain its Pennzoil, Quaker State, and other lubricant brands in North America.
March 9, 2026
Transocean Ltd’s Deepwater Thalassa Starts Mexico Trion Job as Valaris Deal Looms
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Transocean Ltd’s Deepwater Thalassa Starts Mexico Trion Job as Valaris Deal Looms

Woodside Energy has begun drilling at the Trion project in the Gulf of Mexico using Transocean's Deepwater Thalassa, with the rig contracted at $480,000 per day through March 2029. Transocean, pursuing a $5.8 billion all-stock merger with Valaris, reported $6.1 billion in backlog and $5.686 billion in debt. Transocean shares rose to $6.17 in New York. The Valaris deal faces regulatory and shareholder approval.
March 9, 2026
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Stock Market Today

  • Valuing Commonwealth Bank of Australia (CBA) Shares Using NIM and ROE
    May 23, 2026, 5:34 AM EDT. Commonwealth Bank of Australia (ASX: CBA) shares trade near $165.67, reflecting its dominant position with over 15 million customers and leading market shares in mortgages, credit cards, and personal loans. Investors can assess CBA using two key financial tools: the Net Interest Margin (NIM) and Return on Equity (ROE). CBA's NIM of 1.99% surpasses the ASX major bank average of 1.78%, indicating strong lending profitability. Its ROE, a measure of profit relative to shareholder equity, stands at 13.1%, well above the sector average of 9.35%. These metrics highlight CBA's efficiency and profitability, crucial for long-term investment decisions. Additionally, workplace culture ratings from sources like Seek provide insight into company stability and talent retention, factors that impact sustained financial performance.