Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.08 Per Share for November 2025

Kyndryl will train thousands of specialists on VMware Cloud Foundation (VCF) as part of an expanded partnership with Broadcom. The initiative aims to enhance private and hybrid cloud adoption, addressing AI-driven security and compliance needs. Broadcom's shares rose 3.79% to $369.07 following the announcement, reflecting investor interest in its enterprise software strategy.

Keenova Therapeutics, formerly Mallinckrodt, received High Court approval for a $1.79 billion capital reduction to restructure its Par Health generic-drugs spin-off ahead of an IPO later this year. Keenova said it will not pay dividends “in the foreseeable future.” Sales rose 32% to $1.43B; net loss was $327M in 2025.

Glencore took a $480 million provision to cover its net exposure to Radiant World, which is under pressure due to allegations of falsified documents. Radiant World owes Glencore $951 million, while Glencore owes $471 million. Glencore's CEO confirmed the provision but did not disclose the amount earlier. The provision is significant for Glencore's iron ore trading division, representing about a quarter of its average annual EBIT over the past decade. Radiant World has threatened legal action aga

HDFC Bank's CEO Sashidhar Jagdishan will retire on 26 October 2026 and not seek reappointment. The board will fast-track the selection of his successor. Jagdishan's departure follows governance issues and legal challenges, though the bank states no direct connection. He led the bank's merger with HDFC Ltd and served as CEO since 2020.

Nike has appointed Kristin Bauer, former Foot Locker supply chain chief, as Converse's new COO. Bauer starts Sept. 14. Converse reported a 32% revenue decline in Q4, raising concerns about its future. Nike's CEO stated Converse is not for sale. This follows Nike's hiring of Walmart's Jane Ewing as EVP and chief commercial officer.

Micron's unions are pushing for higher bonuses due to the company's record profits from the AI-driven demand for memory chips. According to reports, bonuses are capped at 200% of salary, while competitors SK Hynix and Samsung have awarded substantial bonuses. The unions may threaten a strike, potentially disrupting the global memory supply. Micron's market valuation has surpassed $1 trillion, and talks are expected to begin in mid-September.