- CMI (Cummins Inc.) reported strong Q3 earnings, beating analysts’ expectations. The company saw a 20% increase in revenue, driven by growth in its power systems and components segments.
- NOC (Northrop Grumman) announced a new contract worth $298 million to provide air and missile defense radar systems to the U.S. Army. The deal includes the delivery of radar systems for the Army’s Integrated Air and Missile Defense program.
- SWK (Stanley Black & Decker) released its Q3 earnings report, showing a 12% increase in revenue compared to the same period last year. The company cited strong demand for its tools and storage products as a key driver of growth.
- VTR (Ventas Inc.) announced plans to acquire New Senior Investment Group for $2.3 billion. The deal will expand Ventas’ portfolio of senior housing properties and further solidify its position as a leading healthcare real estate investment trust.
- MSCI Inc. reported record Q3 revenue of $502 million, a 15% increase year-over-year. The financial services company credited strong performance across all of its business segments, including index and analytics services.
- PTON (Peloton Interactive) faced backlash after recalling its Tread and Tread+ treadmills following reports of injuries and a child’s death. The company is offering full refunds and working on safety modifications for the products.
Read more at Yahoo Finance: Market Digest: CMI, NOC, SWK, VTR, MSCI, PTON