Expands CMC's commercial portfolio in early-stage construction solutions; leverages complementary geographic footprint and customer relationshipsDeepens CMC's exposure to structural demand tailwinds in construction; enhances ability to address construction pain points such as labor scarcity and project timelinesEstablishes a significant and scalable new growth platform with a strong regional leader in an attractive industryEnhances CMC's financial profile; expected to be accretive to earnings per...

06:44 AM EDT, 09/18/2025 (MT Newswires) -- Radian Group ( RDN ) said Thursday it will acquire Lloyd's specialty insurer, Inigo, for $1.7 billion in an all-cash deal, to expand its product offerings and better deploy excess capital. The company said it would fund the purchase using its available liquidity and excess capital from its subsidiaries. Radian said it expects...

06:40 AM EDT, 09/18/2025 (MT Newswires) -- UBS (UBS) has no other realistic option but to relocate its headquarters away from Switzerland, as the country's new strict capital proposals make it not viable to run a large international bank, the Financial Times reported on Thursday, quoting activist investor Cevian Capital as saying. Cevian, which holds a 1.4% stake in UBS,...

06:43 AM EDT, 09/18/2025 (MT Newswires) -- Canadian auto sales slowed in August to 1.76 million units, or a 7.3% month-over-month drop, at a seasonally adjusted annualized rate (SAAR), according to Wards Automotive, said Scotiabank. Auto sales continue to pull back from their tariff front-running spring surge, having declined in three of the past four months in seasonally adjusted (SA)...