International Companies
Nissan to boot chairman over 'significant acts of misconduct'
Nissan is preparing to oust its chairman Carlos Ghosn after it was revealed he and another top executive, Greg Kelly, had been involved in "significant acts of misconduct" over a long period of time.
Apple cuts production orders on new iPhone models - report
Apple has reportedly slashed production orders for all three of its new iPhones following lower-than-expected demand for the devices.
Barloworld confirms talks with Caterpillar as revenues improve
South Africa’s Barloworld is in talks to buy a business from America's Caterpillar, after offloading an underperforming unit earlier this year.
Cimarex to buy Resolute Energy for $1.6bn
Shares in Resolute Energy surged in pre-market trade on Monday as it agreed to be bought by larger rival Cimarex for around $1. 6bn.
Nvidia shares plunged 19% after reporting weak Q3 results
Nvidia stock fell by as much as 19% in extended hours trading on Thursday and continues to plunge on Friday after the company reported results for the third quarter of its 2019 fiscal year that fell short of analysts’ expectations.
Huawei aims to become number one smartphone maker by 2020
Huawei boss Richard Yu said he aims to make the company the number one smartphone player in the world by 2020 after overtaking Apple this year.
Blackberry to buy AI and cybersecurity group Cylance for $1.4bn
Blackberry has agreed to buy artificial intelligence and cybersecurity company Cylance for $1. 4bn in cash.
Walmart's wages targeted by new Bernie Sanders legislation
Walmart has been targeted by a new bill that would prevent large companies from completing stock buy-backs unless their employees are paid at least $15 an hour, which was introduced by senator Bernie Sanders.
Tobacco stocks fall as FDA cracks down on ecig flavours
Tobacco stocks tumbled on Wall Street after US regulators announced new restrictions on flavoured electronic cigarettes and potential bans on menthol cigarettes and flavoured cigars.
Walmart sales beat forecasts, helped by Asda
Walmart turned in a stronger-than-expected set of sales figures ahead of the all-important holiday season, leading the retailer to boost its full-year outlook and put rival Amazon on notice.
Facebook reportedly involved in smear campaign against social media critics
Facebook stood accused of threatening democracy after a report from Open Society Foundations revealed it linked critics of the social media platform to non-profits’ founder George Soros in a move to discredit them.
Thursday broker round-up
Bovis Homes: Shore Capital Markets upgrades to hold with a target price of 967p.
Touchstone Exploration swings to profit after production jumps
Touchstone Exploration reported on Wednesday that it swung to a profit in the third quarter as the Trinidadfocused oil and gas company benefitted from increased production and rising oil prices.
WeWork value jumps to $42bn as SoftBank provides more backing
New York-based office sharing outfit WeWork was valued at a mammoth $42bn as it agreed another major investment from Japanese conglomerate SoftBank.
Snap faces probe from DoJ and SEC over IPO disclosures
US government agencies have launched an investigation into complaints that Snap attempted to cover up the potential threat to growth prospects of its Snapchat platform ahead of its initial public offering last year.
Intervest announces massive capital increase to reach 2018 investment goals
Intervest Offices & Warehouses announced a capital increase on Wednesday, in a bid to continue its growth strategy both in the office portfolio and in logistics real estate, while maintaining the debt ratio between 45% and 50%.
Home Depot raises guidance for second time this year
Home Depot upped its sales and profits guidance for a second time this year on Tuesday thanks to a robust US housing market that has led many Americans to pour money back into their homes.
Indebted GE to raise $4bn through Baker Hughes sale
Struggling US conglomerate General Electric is to raise $4bn by selling a stake in oil services firm Baker Hughes, as it looks to slash debts and return to growth.
Amazon to split second HQ between NYC and Virginia
Amazon confirmed on Tuesday that it plans to split its second headquarters between New York City and Arlington, Virginia.
Apple iPhone cuts leads Goldman to slash target price
After some Apple suppliers cut their guidance due to much-reduced shipments, Goldman Sachs slashed its target price for the iPhone maker.