Algoma Steel Group (ASTL) reported a third-quarter 2026 net loss of C$129.6 million, with revenue falling to C$249.4 million as its transition to electric-arc steelmaking continued. Steel shipments significantly declined by 65.5%, but average net sales realization per ton increased by 33.7%. The company's adjusted EBITDA loss narrowed to C$13.9 million, and its second electric-arc furnace unit produced its first steel in October, expected to contribute to fourth-quarter production.
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State Street Corporation has issued US$750 million in fixed-to-floating rate notes and implemented a daily net asset value (NAV) operating model for certain private markets strategies. This move supports Apollo's daily pricing initiative and caters to the demand for more frequent portfolio reporting, reinforcing State Street's position as a fee-driven financial platform. While these developments align with the company's focus on execution against productivity and margin goals, the core investment narrative remains centered on fee and margin resilience amidst ETF pricing pressure and the sustainability of operating leverage expectations.
By Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio October 28, 2026 / 5:25 PM EDT / CBS News Add
KeyCorp is offering $1 billion in 5.889% fixed-to-floating rate senior notes due November 2, 2032. The notes are priced at 100% of principal, with an underwriting discount of 0.350%, resulting in net proceeds of $996.5 million before expenses for KeyCorp. Interest will be paid semiannually at 5.889% until November 2, 2031, then quarterly at Compounded SOFR plus 1.300% starting February 2, 2032.
by CHARLOTTE HAZARD | The National News DeskWed, October 28, 2026 at 2:56 PMWASHINGTON, DC - SEPTEMBER 16: Federal Reserve Chair Kevin Warsh speaks during a news conference following Federal Open Market...
A plan to give people in the United States easier access to unproven peptide drugs favored by Health Secretary Robert F. Kennedy Jr. was opposed by most Food and Drug Administration scientific staff members, who had limited input in drafting the policy, according to six people familiar with its development.
Montgomery County officials encourage residents enrolled in Medicare to review their health and prescription drug coverage during open enrollment, which runs through Monday, Dec. 7. Changes made during this period take effect on Friday, Jan. 1, 2027. Medicare plans can change their premiums, deductibles, prescription drug coverage, provider networks, and other benefits from year to year. Reviewing coverage and comparing available plans can help beneficiaries choose options that meet their health care needs and budgets. Free, unbiased assistance is available through the County’s State Health Insurance Assistance Program (SHIP).
Virtus Total Return Fund Inc. (NYSE: ZTR) announced its monthly distribution of $0.055 per share, with estimates indicating that 100% of the October 2026 distribution came from net realized long-term capital gains. The fund, which aims for capital appreciation with income as a secondary objective, also provided fiscal year-to-date distribution sources and performance figures based on its net asset value. Shareholders are advised that these distribution sources are estimates and actual tax reporting will be provided via Form 1099-DIV.
Gaming and Leisure Properties, Inc. (GLPI) has formed a joint venture with Prologis, Inc. to develop the former Hollywood Casino Joliet site in Illinois. GLPI will contribute the 262-acre parcel, and Prologis will develop it into a modern Class A warehouse and distribution park with five buildings totaling over 3.8 million square feet. This venture marks GLPI's first investment outside the gaming sector, transitioning the vacated casino site into a productive industrial complex.
Equinix, Inc. has filed a Form S-3ASR registration statement for the offering of up to $700,002,718 in common stock. This offering is part of an existing equity distribution agreement with multiple sales agents and forward purchasers, and the company intends to use the proceeds for working capital and general corporate purposes, including acquisitions and debt repayment. The filing also details risk factors related to stock volatility, potential dilution from future issuances, and the impact of forward sale agreements.
AXIS Capital Holdings reported third-quarter 2026 revenue of $1.79 billion, a 6.9% increase year-over-year, despite net income attributable to common shareholders falling 31.5% to $201.5 million and diluted EPS declining 26.5% to $2.75. The company's revenue was boosted by higher net premiums earned and investment income, though partly offset by investment losses and increased catastrophe losses. AXIS plans strategic growth in specialty markets, adjusting capital deployment based on pricing and return targets.
AXIS Capital reported a third-quarter 2026 net income of $202 million, or $2.75 per diluted share, and an operating income of $229 million, or $3.12 per diluted share. Total revenues for the quarter reached $1.79 billion, with gross premiums written increasing by 11% to $2.4 billion, and the combined ratio stood at 94.0%. The company saw growth in both its Insurance and Reinsurance segments, with net investment income also rising by 14%.
This article announces the filing of a Form 8K by AXIS CAPITAL HOLDINGS LTD for October 28. The brief report indicates that this financial filing is publicly available for review by interested parties, likely detailing significant events or material changes for the company. The article itself serves as a notification of this filing.
AXIS Capital Holdings Ltd. (AXS), an institutional investment manager, reported three Form 13F holdings entries totaling $314,072,978 for the calendar quarter ended September 30, 2026. This filing indicates that all holdings of the reporting manager are included, with no other managers listed. The report was accepted by the SEC on October 28, 2026, at 05:02 PM EDT.
State Street EVP W. Hu sold 7,099 shares of the company's stock for a total of $1,197,104.37, reducing his holdings by 14.26%. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Following the sale, State Street's shares rose 1.5% to $173.39, and the company reported adjusted earnings of $3.69 per share, slightly exceeding estimates, with revenue growth of 12.9% year over year.
Parker Hannifin Corporation (NYSE:PH) announced a quarterly cash dividend of $2.00 per share, payable on December 4, 2026, to shareholders of record as of November 13, 2026. This marks the company's 306th consecutive quarterly dividend payment and its 70th consecutive fiscal year of increasing annual dividends, placing it among the top five S&P 500 companies for dividend increase records. Parker Hannifin is a leading motion and control technologies company.
SA Spotlight uses AI to summarize content published on Seeking Alpha. All summaries are reviewed by human editors prior to publication.Justin Sullivan/Getty Images NewsOracle (ORCL) shares surged nearly 11%...
Amerisafe Inc. (AMSF) reported a third-quarter profit of $7.2 million, or 39 cents per share, with adjusted earnings of 40 cents per share. The insurance provider posted adjusted revenue of $80.1 million for the period. The company's shares have seen a 34% decline since the start of the year and a 38% decline over the last 12 months, closing Wednesday at $25.30.
Ventas (NYSE: VTR) has acquired $5.2 billion worth of senior living communities through 37 transactions in 2026, growing its senior housing operating portfolio (SHOP) by over a third to 845 properties. The company aims for further growth by focusing on luxury and ultra-luxury communities, anticipating continued occupancy and revenue upside, and plans to divest $700 million in non-senior housing assets to fund future acquisitions. Ventas leaders also raised net income and normalized funds from operations guidance, driven by strong portfolio performance and strategic investments.
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Global reinsurance company Everest Group (NYSE:EG) reported Q3 2026 revenue of $3.71 billion, falling 14% year-on-year and missing market expectations. The company also missed analysts' consensus estimates for non-GAAP profit per share, net premiums earned, combined ratio, adjusted EPS, and book value per share. Despite the softer quarter, shares edged higher by 1.6% immediately after the report.
American International Group (NYSE: AIG) has shown strong performance over the last five years, outperforming the market with an average annual return of 19.05%. An initial investment of $1000 in AIG stock five years ago would now be worth $2,403.42. This demonstrates the significant impact of compounded returns on investment growth over time.
Raymond James Financial's Q4 2026 earnings call has just started, where executives will discuss the latest financial results and answer questions from analysts. This event provides an opportunity for followers of RJF to hear management's insights into the company's performance, future demand, margins, or capital spending, potentially revealing new information.