Serica Energy to Acquire Pharos Energy for £145.7M, Sending PHARP Shares Soaring 
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation 
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project 
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook 
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits 
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth 
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy 
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers 
Zhongji Innolight Raises $6.8 Billion in Hong Kong IPO as AI Demand Fuels Growth 
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence 
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance 
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans 
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors 
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth 
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum 
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says 
Hanjin Heavy Industries & Construction Co. workers insist that their jobs should be retained even after the company is sold off and that plans to revive the company should be proposed.
The Korea Development Bank (KDB), Hanjin Heavy's main creditor, finalized the preliminary bid to sell a controlling stake in the shipbuilder on Oct. 26.
Civic groups in Busan, where the Hanjin Heavy shipyard is located, are worried that the shipyard would be converted into an apartment complex if sold to a private equity fund.
There are seven bidders, including private equity funds and Korea Real Estate Investment & Trust Co, to all or part of the 83.45 percent stake in Hanjin Heavy Industries. The books of Hanjin Heavy would be available to them this month.
Creditors will choose the preferred bidder in December.
The stake involved belongs to seven local financial institutions, including KDB, and three Filipino financial institutions that include Rizal Commercial Banking Corporation.
It would take two to three months for the conclusion of the sale, which should be approved by authorities, including South Korea's arms procurement agency, the Defense Acquisition Program Administration.
