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Ribbon Communications: Q3 Earnings Snapshot – WTOP News
- On Wednesday, GE Vernova announced a $9 billion acquisition of Trench Group from investment firm Triton Partners, with the transaction expected to close in late 2027 using equal portions of cash and debt.
- Utilities are increasing spending to replace aging infrastructure and meet demand from data centers and industrial electrification, boosting demand for high-voltage transmission networks and specialized equipment that suppliers like Vernova provide.
- Power orders nearly tripled in the quarter while backlog grew to a record $197 billion; third-quarter revenue rose 27% to $12.64 billion and adjusted EBITDA stood at $1.94 billion.
- The acquisition expands Vernova's reach across Europe and Asia while providing access to Trench's backlog worth about $5 billion; production of 765-kilovolt equipment begins in Charlotte, North Carolina in late 2027.
- Vernova raised its 2026 revenue forecast to $46.5 billion to $47.5 billion for the third consecutive time and expects global tariffs to add less than $100 million to annual costs.
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The energy company reached $15.4 billion in profits, driven by the rise in crude oil and better refining margins. Revenues grew by 33%, while daily production fell by 6% compared to the previous year, according to the quarterly report.
·Buenos Aires, Argentina
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Infinity Bancorp Announces Third Quarter 2026 Financial Results
SANTA ANA, CA / ACCESS Newswire / October 29, 2026 / Infinity Bancorp (OTCQB:INFT) (the "Company" or "Bancorp"), the holding company for Infinity Bank (the "Bank"), today announced financial results for the quarter ended, September 30, 2026.
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Total News Sources173
Leaning Left26Leaning Right22Center49Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 27%
C 50%
R 23%
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