Industry

Holcim to Spin Off North American Operations into New Entity, Amrize

Swiss building materials giant Holcim plans to spin off its North American operations into Amrize, targeting a $30 billion valuation. The move aligns with Holcim's growth strategy amidst a challenging U.S. construction market.

#holcim, #amrize, #construction, #spin-off, #sustainable construction

Darden Restaurants Reports Strong Fiscal Q3 Growth with Chuy's Acquisition

Darden Restaurants saw a 6.2% sales increase in Q3, bolstered by a strategic acquisition of Chuy's and steady same-restaurant sales. The company's expansion highlights its resilience amid economic challenges.

#darden restaurants, #chuy's acquisition, #fiscal growth, #casual dining, #financial results

Don Moul Appointed as New CEO of Tennessee Valley Authority Amidst Political Shifts

Don Moul, formerly TVA's COO, will step in as CEO of the Tennessee Valley Authority on April 9, amidst recent political changes and debates over energy strategies.

#tva, #leadership, #nuclear energy, #energy policy, #don moul

Thames Water CFO Resigns Amid Financial Turmoil

The CFO of Thames Water, Alastair Cochran, resigns as the utility giant battles a severe financial crisis, grappling with a £20 billion debt and the need for £3 billion in new equity. Potential nationalization and government intervention loom as the company seeks financial stability.

#finance, #united kingdom, #utilities, #water crisis, #corporate leadership

U.S. Stock Markets Tumble Amid Inflation Concerns and New Tariffs

U.S. stock markets suffered major losses as inflation fears and a new auto import tariff announced by President Trump heightened economic uncertainties. The S&P 500, Dow Jones, and Nasdaq all recorded significant declines, reflecting investor unease.

#stock market, #inflation, #economic slowdown, #tariffs, #federal reserve