US Unveils Plans to Fast-Track Deals as Trump Eyes Mideast Funds
The US Treasury Department said in a statement Thursday that the effort includes gathering information from investors based in partner nations before they file for deal approvals from US regulators, launching a Known Investor portal run by the Committee on Foreign Investment in the US.
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14 minutes ago
- Yahoo
SoftBank and Trump may not be enough to save Intel
Intel's (INTC) stock got a boost on Tuesday after SoftBank Group announced Monday that it would take a $2 billion stake in the struggling chipmaker. Shares of Intel climbed more than 8% in midday trading. The news followed a Bloomberg report last week that the Trump administration is considering taking up to a 10% stake in the company. Treasury Secretary Scott Bessent confirmed in a CNBC interview Tuesday that the investment would involve the US government converting Intel's grants from the Biden-era CHIPS and Science Act — worth $10.9 billion — into an equity stake aimed at stabilizing the company's US manufacturing business. Bessent did not confirm the size of the stake the government would take. Intel has fallen behind in an industry it once dominated. Its manufacturing division is bleeding cash, just as its legacy computer chip segment forfeits market share to rivals Advanced Micro Devices (AMD) and Qualcomm (QCOM) in the PC space. Intel is also woefully behind AMD and Nvidia (NVDA) in the AI race. The company's market capitalization of $111 billion is less than half of its value in 2021. And CEO Lip-Bu Tan has been forced to lay off 15% of the company's workforce and shelve plans to build plants in Europe. But the troubled chipmaker is the only large-scale US-based leading-edge chip manufacturer, giving it geopolitical significance as the nation looks to reshore semiconductor production. Intel's problems, however, may be too big for either SoftBank or the Trump administration to solve on their own. Intel in need of direction Deutsche Bank analyst Ross Seymore said news of the US potentially taking a stake in Intel, combined with the SoftBank investment, shows that "[Tan] is taking bold actions to solidify Intel's financial and strategic positioning during its ongoing difficult transformation process." Tan became CEO in March after Intel's board ousted former CEO Pat Gelsinger late last year. But others on Wall Street expressed skepticism that those investments would be enough to save Intel from its decline, which resulted from years of missteps. Loop Capital analyst Gary Mobley wrote in a recent note to clients that the support from SoftBank and, potentially, the US government may be "akin to a lifeline with no secure anchor at the other end," because while Intel may be "finding new buyers of its primary equity capital," that may not guarantee it can find customers for its manufacturing business. Gelsinger established Intel's third-party chip manufacturing business, otherwise known as its Foundry, in 2021 as a means of competing with rival TSMC, which produces chips for companies including Nvidia, Apple (AAPL), AMD, and others. But so far, its Foundry business has been a disappointment, struggling to secure customers. While Intel has said it reached agreements to build chips for Amazon (AMZN) and Microsoft (MSFT), the company is still its own largest manufacturing client. Intel's plan includes building chips based on newer technologies, including its 18A and upcoming 14A node design processes, part of Gelsinger's plan for five process nodes in four years. But 18A, which was initially supposed to roll out in the first half of 2025, is now slated to debut in 2026. Bernstein analyst Stacy Rasgon was similarly critical of Intel's cash infusion in his own investor note, writing, "We do not believe that Intel's capability gap has anything to do with money." Rasgon also questioned whether the US taking a stake in Intel would be enough to complete the company's domestic manufacturing expansions. "Intel was originally supposed to get these CHIPS Act funds for free; giving up 10% of the company for them seems worse," he wrote in a note to clients. "And if the goal is to help Intel build substantial US capacity, $10.9B really isn't enough." Moor Insights and Strategy founder and chief analyst Patrick Moorhead told Yahoo Finance that while SoftBank's $2 billion investment and the prospect of a potential US stake are good things, the company would require as much as $40 billion to build out its next-generation 14A technology. Still, getting the US government involved, at least in the short term, could prove to be a boon for the company. "My short-term answer is that the US government is a kingmaker, and they just made Intel the king, and they are going to wrap policy around that to make Intel foundry successful," Moorhead said. If the government sticks with Intel for the long haul, though, Moorhead said it could further complicate the company's development problems, leading to a lack of innovation, inefficiencies, and growing costs. "My hope is that Intel gets back on its feet, it turns itself into a reputable, leading-edge foundry, and the government sells the stake," he said. Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @ Email her at Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 minutes ago
- Yahoo
Deanna Strable Elected Principal® Board Chair
DES MOINES, Iowa, August 19, 2025--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) today announced that Deanna Strable, president and chief executive officer, has been elected chair of the board by the company's board of directors, effective September 2, 2025. Strable succeeds Dan Houston, who will conclude his service on the board of directors after serving as chair since 2016. Houston served as president and CEO of Principal through January 7, 2025, and held many impactful leadership positions during his 40 years with the company. "We are grateful for Dan's leadership and dedication which have advanced Principal and helped our customers build strong financial futures," says Strable. "I look forward to building upon our foundation of innovation, inclusion, and service to meet our customers' needs while driving growth and shareholder value." "Dan Houston's remarkable 40-year legacy has been instrumental in Principal's growth and success," says Scott Mills, independent lead director of the Principal board of directors. "The board has full confidence in Deanna Strable's proven leadership to accelerate the company's future growth while continuing to deliver exceptional value to customers and strong returns for shareholders." "It has been my honor to lead Principal and its global employee community for the past decade. With Deanna's exceptional leadership, instrumental in shaping and executing our ambitious growth strategy, Principal is well-positioned for the future through integrated capabilities which create distinct competitive advantages across high-value markets," says Houston. Strable Background Strable joined Principal in 1990 as an actuarial assistant and held many leadership positions as she progressed in the organization. For more than two decades she has been instrumental in leading business strategy and operations, holding senior management roles as Principal has gone through significant growth and transformation. She helped build the company's Benefits and Protection business, becoming the first leader of its specialty benefits division before spearheading the integration with the life insurance business. She was named president of Benefits & Protection in 2015. Strable then served as chief financial officer from 2017-2024, when she was named president and chief operating officer. She assumed her current role as president and chief executive officer in January 2025. Strable is a member of the board of directors for Elevance Health, Inc., and Simpson College. Strable received her bachelor's degree from Northwestern University in Evanston, Illinois. She is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries. About Principal Financial Group Principal Financial Group® (Nasdaq: PFG) is a global financial company with approximately 20,000 employees1 passionate about improving the wealth and well-being of people and businesses. In business for 146 years, we're helping over 70 million customers1 plan, insure, invest, and retire, while working to support the communities where we do business and building an inclusive workforce. Principal® is proud to be recognized as one of the 2025 World's Most Ethical Companies2 and named as a Best Places to Work in Money Management3. Learn more about Principal and our commitment to building a better future at 1 As of June 30, 2025 2 Ethisphere, 2025 3 Pensions & Investments, 2024 View source version on Contacts Media Contact: Sara Bonney, 515-878-0835, Sign in to access your portfolio
Yahoo
14 minutes ago
- Yahoo
Orion Energy Systems, Inc. Announces 1-For-10 Reverse Stock Split
MANITOWOC, Wis., Aug. 19, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle charging station and maintenance service solutions, announced today that its Board of Directors and shareholders approved a 1-for-10 reverse stock split of the Company's common stock, no par value per share, which will be effective at 12:01 a.m., Central Time, on August 22, 2025 (the 'Reverse Stock Split'). Orion's common stock will continue to be traded on The Nasdaq Capital Market on a split-adjusted basis beginning on August 22, 2025, under the Company's existing trading symbol 'OESX.' The Reverse Stock Split is intended to increase the bid price of the Company's common stock so that Orion can regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on The Nasdaq Capital Market. The new CUSIP number following the Reverse Stock Split will be 686275 207. The Company filed an Amendment to its Amended and Restated Articles of Incorporation with the Wisconsin Department of Financial Institutions on August 19, 2025 to effect the Reverse Stock Split. The Reverse Stock Split will affect all shareholders uniformly and will not alter any shareholder's percentage ownership interest in the Company, except to the extent that the Reverse Stock Split results in that shareholder owning a fractional share as described in more detail below. The Reverse Stock Split will reduce the number of shares of common stock issued and outstanding from approximately 35.2 million to approximately 3.5 million. The total number of authorized shares of common stock will also be reduced proportionally from 200,000,000 to 20,000,000. No fractional shares will be issued in connection with the Reverse Stock Split. In lieu, thereof, each shareholder who would be entitled to receive a fractional share will be entitled to receive a cash payment equal to the product of the closing price on the day immediately prior to effectiveness of the Reverse Stock Split and the amount of the fractional share. The Reverse Stock Split will also result in proportional adjustments being made to all outstanding options, restricted stock, performance shares, or similar securities entitling their holders to receive or purchase shares of our common stock. Equinity Trust Company, LLC ('EQ'), the Company's transfer agent, will act as the exchange agent for the Reverse Stock Split. EQ will provide instructions to any shareholders with physical stock certificates regarding the process for exchanging their certificates for split-adjusted shares into 'book-entry form.' Shares held by shareholders in 'street name' will have their accounts automatically credited by their brokerage form, bank or other nominee, as will any shareholders who held their shares in book-entry form at EQ. About Orion Energy Systems ( provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers, as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe and sustainable solutions that reduce their carbon footprint and enhance business performance. Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our Sustainability and Governance priorities, goals and progress here or visit our website at Safe Harbor StatementCertain matters discussed in this press release, are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'will,' 'would' or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including our ability to maintain the listing of our common stock on the Nasdaq Capital Market, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at or at in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future. Engage with UsX: @OrionLighting and @OrionLightingIRStockTwits: @OESX_IR Investor Relations Contacts Per Brodin, CFOOrion Energy Systems, William Jones; David CollinsCatalyst IR(212) 924-9800 or oesx@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
