Saturday, October 17, 2026
Shell and its four partners have taken the final investment decision on LNG Canada's second phase, which will double the Kitimat plant from 14 to 28 million tonnes a year. Neither the joint venture's release nor Shell's gives a capital cost, and Shell says commercial operation will begin in the early 2030s.
Four Automattic directors formed a special committee on 9 September and voted to place chief executive Matt Mullenweg on a paid leave of absence. He was out of the chair, by the company's own count, for 33 hours and 20 minutes. On 25 September the company told staff it has a new board: four directors, none of whom were on it three weeks ago, and none of whom can outvote him.
Initial claims for unemployment insurance fell to 197,000 in the week ending 19 September, the Labor Department reported on Thursday, with the insured unemployment rate at 1.1 per cent. Challenger, Gray & Christmas counts 155,126 announced job cuts in technology through August, up 52 per cent on last year and 29 per cent of every cut announced in the United States. Both numbers are correct, and the reason they do not collide is the denominator.
Paramount Skydance has settled the antitrust suit twelve states brought against its $110 billion purchase of Warner Bros. Discovery. The remedies are promises about behaviour: thirty films a year in cinemas, with $30 million owed for each one short. The number that explains the timing is a different one. From 1 October, every day the deal stays open costs Paramount about $7 million.
Delaware's own registry recorded 334,461 new business entity formations in 2025, against 289,810 the year before and 298,165 the year before that. More than 2.28 million entities are now on its books, and nearly 70 percent of last year's US initial public offerings chose to incorporate there. The state amended its corporation law anyway.
Former 21 Air staff say they raised safety concerns years before the Miami overrun. The departing safety director emailed the owner in 2021 that "everywhere I looked there are issues." The former head of the pilots' union says he was fired in 2022 for pressing it, and has a federal whistleblower suit. The company disputes the claims.
From this week, TSA PreCheck members without a ticket can apply to pass through security and wait at the gate, at thirteen airports to start. It is a small programme with an application form attached. It is also the first piece of the September 2001 security settlement to be handed back rather than added to.
The cockpit voice recorder from the Miami overrun runs to more than two hours of good audio. About a minute and forty-two seconds before impact, a pilot said the aircraft was going too fast, and kept saying so. The go-around was called seconds before the end. The gap between those two moments is the investigation.
The NTSB says the 767 at Miami touched down on its nose and right main gear at 158 knots, that the left main did not touch for another eleven seconds, and that the crew then released the brakes and pushed the throttles to go-around thrust before abandoning the attempt. No reversers. No speed brakes. It overran by 1,300 feet.
Video of Sunday's overrun at Miami appears to show the Boeing 767 still airborne well down runway 30 before it touched down. Nothing about cause is established and the NTSB has a year of work ahead. But a long float is the one thing that shortens every remaining option at once.
Jaguar Land Rover confirmed the cuts on Monday. They are voluntary, they are salaried and management, and they are non-production. This paper said on Saturday that the thing to watch was which functions. That is the answer, and it is not the one the week's reporting had prepared people for.
The Pentagon has signed seven-year framework agreements to triple Patriot interceptor output and quadruple THAAD. The dollar figure is not the interesting clause. The guaranteed minimum annual quantity is.
One policy pays you to break ground before the year ends. The other may raise the price of the equipment you would break ground with, and has not yet said by how much or on what. Waiting is the only move that answers both.
As AI systems become the first stop for research on companies and executives, reputation is shifting from something people perceive to something machines retrieve.
The Federal Trade Commission and seven states asked a federal judge in Manhattan on Tuesday 13 October to hold Martin Shkreli in civil contempt of the 2022 order banning him from the pharmaceutical industry for life. They allege he has traded shares in more than 60 drug companies since leaving prison and promoted short positions on livestreams. The court has not ruled, and no response from Shkreli or his lawyers had been reported.
Wells Fargo earned $5.95 billion, or $1.87 a share, in the third quarter, above the $1.85 average estimate, but revenue of $21.87 billion was below the $22.15 billion analysts expected, according to the Associated Press. Its CET1 ratio fell to 10.0 per cent from 10.3 per cent in three months, as its accumulated other comprehensive loss rose from $8.3 billion to $16.5 billion.
Steris said on Monday 12 October that it will buy Xodus Medical, a privately held maker of surgical safety products, for $2.1 billion at closing, with up to $150 million more in earnout. It expects to close by 31 December 2026 and to fund the deal primarily with debt. Nothing has closed.
Cenovus Energy agreed on 5 October to buy Athabasca Oil for C$12.00 a share in cash and Cenovus stock, an implied enterprise value of C$5.7 billion. Athabasca puts the equity value at about C$5.8 billion and the premium at 14 per cent to its 20-day average price. Athabasca shareholders vote in late November, and the deal is not expected to close until December.
JPMorgan Chase will report third-quarter results at about 7:00 a.m. Eastern on Tuesday 13 October, opening bank earnings season. Analysts expect revenue of about $51.2 billion and earnings of $5.93 a share, according to MarketBeat. The second quarter's $58.0 billion of revenue included a $4.6 billion Visa gain and $1.0 billion of other equity gains, and nothing has been reported yet.
Devon Energy agreed on Thursday to sell its Eagle Ford shale assets to Crescent Energy for $4.2 billion in cash. The assets produce about 68,000 barrels of oil equivalent a day. Devon says it will use the proceeds to buy back shares and cut debt.