DBS Raises 2025 Outlook After Record Q2 Profit Driven by Wealth Management 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported 
DoorDash Q2 Revenue Jumps 36% as Orders and DashPass Growth Drive Results 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
Shein Scales Back Vietnam Operations as US Trade Rules Shift 
Glencore Posts Strong H1 2026 Earnings, Announces ASX Secondary Listing 
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
Daimler Truck Q2 Profit Falls 18%, 2026 Outlook Raised 
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
On Tuesday, United Technologies Corp (UTC) Chief Executive announced the company’s USD16 billion share buyback plan, Bloomberg reported. The buyback plan seems to have replaced the company’s initial plans to make large acquisitions or mergers in the near future.
In a telephone interview, Hayes said that although the buyback plan budget is significant, the company may consider some M&As as long as it benefit’s UTC’s market share. He said, “We’ll probably do about $1 billion of M&A this year, so it’s never off the table. But as long as we think that the UTC stock is trading at a big discount to intrinsic value, I’m not going to go out and do a big deal that would require me to use UTC stock as a currency.”
He also echoed the same sentiment with Reuters.
Interestingly, the announcement came in the heels of UTC’s third-quarter earnings report, most particularly its sales revenue. Hartford Courant said the company lost USD500 million in the third quarter due to issues that came with the decision to outsource the screws and bolts kits to supply its engine assembly. The poorly done kits reportedly affected production in its Middletown, East Hartford and Florida factories.
