INFO - INFO STOCK NEWS

CARFAX recently unveiled new data indicating that full-size SUVs are the most likely vehicles to require repairs in the next 12 months, with a 24.6% chance and an average repair cost of $330. Midsize pickups exhibit the lowest repair likelihood at 11.1%. This analysis, based on over 27 billion vehicle history records, aims to assist consumers in making informed decisions when purchasing used vehicles. The CARFAX platform now features a Reliability and Repair predictions tool, further enhancing consumer insights.

In October 2021, the Paychex | IHS Markit Small Business Employment Watch reported a significant increase in national job growth, marking the fifth consecutive month of gains. The Small Business Jobs Index rose to 100.45, a 0.50% increase from September and up 6.50% year-over-year. Hourly earnings growth reached a record 3.85%, reflecting labor market pressures. The report highlights regional employment growth, particularly in the West, and strong performance in the leisure and hospitality sectors. Overall, these trends indicate a positive recovery trajectory for small businesses.

The average age of light vehicles in the U.S. has reached a record 12.1 years, with over 279 million vehicles in operation, according to IHS Markit (NYSE: INFO). Factors contributing to this increase include decreased new vehicle sales due to COVID-19 and inventory challenges from the microchip shortage. As older vehicles dominate the fleet, aftermarket opportunities are expected to rise. Average vehicle miles traveled (VMT) are projected to reach 12,355 miles in 2021, signaling a strong demand for maintenance and repair services.

S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced a conditional Phase 1 approval for their $44 billion merger from the European Commission. This merger aims to enhance innovation and provide broader insights for customers. To address regulatory concerns, S&P Global will divest CUSIP Global Services and certain related businesses, while IHS Markit plans to divest its Oil Price Information Services and explore other divestitures. The merger is expected to close in Q1 2022, pending global regulatory approvals.

S&P Global and IHS Markit have received conditional Phase 1 approval for their $44 billion merger from the European Commission, a crucial step towards the merger's completion. To address regulatory concerns, S&P Global plans to divest certain businesses, including CUSIP Global Services and Oil Price Information Services. Both companies expect to finalize the merger in Q1 2022, pending further regulatory approvals. The merger is anticipated to enhance innovation and expand service offerings, creating new opportunities for growth.

S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced that the UK Competition and Markets Authority (CMA) found no major competition concerns regarding their merger, except for specific commodity prices. To address the CMA's concerns, they plan to divest certain businesses to News Corp, including Oil Price Information Services and others. The companies will submit these proposals by November 2, 2021, and believe these remedies will suffice for approval in Phase 1.

S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) announced that the UK Competition and Markets Authority found no major competition concerns regarding their merger, except for specific commodity and petrochemical price assessments in the UK. To address these concerns, they plan to divest IHS Markit's Oil Price Information Services, Coal, Metals and Mining, and PetroChem Wire businesses to News Corp, among other proposals. The companies aim to achieve clearance for their transaction by submitting these remedies, with a provisional CMA decision expected by November 2, 2021.

IHS Markit's CERAWeek Conversations featured CEO Vicki Hollub discussing the potential of carbon capture technology, predicting it could become a $3-5 trillion industry. She emphasized that this new market may generate earnings akin to their oil business. Occidental Petroleum plans to build up to 12 direct air capture facilities in the Permian Basin, with operations commencing in 2024. The partnership with Worley aims to enhance project efficiency and scalability in response to global emissions challenges.

IHS Markit (NYSE: INFO) has declared a quarterly cash dividend of $0.20 per share for Q4 2021. This dividend is payable on November 12, 2021 to shareholders who are on record by the close of business on October 29, 2021. Notably, the The Markit Group Holdings Limited Employee Benefit Trust has waived its rights to receive dividends on common shares held, meaning it will not receive the dividend payment. This announcement indicates the company’s ongoing commitment to returning value to its shareholders.