Business News (20th August, 2025)

Target announces upcoming CEO transition Target has revealed that Chief Operating Officer Michael Fiddelke—who started as a summer intern in business school—will succeed Brian Cornell as CEO in February 2026. Fiddelke plans to refocus the company on its unique merchandise and in-store experience, while addressing fulfillment and supply-chain issues. Despite recent challenges, Target remains confident in its full-year targets. This leadership change also led to a nearly 9–10% drop in Target’s stock during premarket trading. Private Equity Deal: Carlyle acquires Intelliflo The Carlyle Group has purchased UK wealth-management software provider Intelliflo for around $205 million, outbidding competitors like Bain Capital. Intelliflo—the former Invesco-owned business—serves over half of the UK's financial advisers, managing $1 trillion in assets. Though it generated £44 million in revenue last year, its post-tax profit was a modest £400,000. Pritzker Private Capital raises record $3.4 billion fund The investment firm founded by Governor JB Pritzker and his brother Tony announced a new fund totaling $3.4 billion, marking its largest to date. Energy Renaissance, battery maker, enters administration Australia’s first high-tech lithium-ion battery manufacturer has entered administration after its major investor pulled out. The company had previously received $750,000 in taxpayer funding and proposed up to 750 jobs. Administrators are now consulting with government bodies on potential rescue efforts, amid broader concerns over the renewable energy sector’s reliance on subsidies. Analog Devices reports strong Q3 fiscal results Analog Devices (Nasdaq: ADI), a leading semiconductor firm, released its fiscal third-quarter results today. While specifics weren’t included in the headlines, the timely release suggests a spotlight on its performance. AI Assistant Market outlook through 2030 A new report outlines major players in the AI assistant market—including Microsoft, Google, Salesforce, SAP, Oracle, Adobe, Dropbox, AWS, Cisco, and ServiceNow—highlighting growth opportunities and emerging trends through 2030. DIFD AUTO unveils crypto-powered automotive business model DIFD AUTO within the automotive industry has introduced a novel approach leveraging cryptocurrency to redefine luxury and mobility offerings. California’s last beet sugar factory to shutdown After 78 years in operation, the state’s final beet-to-sugar processing facility is closing, signaling the end of an era for California’s sugar-beet industry. Market Snapshot (Derived from Today’s Developments) Target’s stock is sharply lower due to concerns over sales performance and leadership transition. Lowe’s stock is rising, buoyed by better-than-expected earnings and its $8.8 billion acquisition of Foundation Building Materials. Furniture retailer La-Z-Boy is under pressure, with shares falling as investors react to soft earnings forecasts. Global markets show mixed signals, including early softness in U.S. futures and varied regional market performance amid geopolitical and macroeconomic factors. Free Backlinks Startus.cc – AirportToAirlines
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