International Companies
Lyft sets IPO valuation at $24bn
Ride-hailing company Lyft received a warm welcome as it debuted on Nasdaq on Friday.
Facebook's ad platform charged with racial discrimination
The US Department of Housing and Urban Development (HUD) announced on Wednesday it would charge Facebook with violating the Fair Housing Act after it encouraged, enabled, and caused housing discrimination through its advertising platform.
Canadian Overseas Petroleum narrows loss as it moves towards production
Canadian Overseas Petroleum narrowed its comprehensive loss to $4. 75m, it announced in its annual results on Friday, from a total loss of $20. 39m in the prior year.
Citi backs global tobacco sector, ups rating on Imperial and BAT
The UK's Imperial Tobacco and British American Tobacco have been upgraded by Citi, which is arguing that share prices across the sector are set to improve as the regulatory environment eases.
German auto parts maker ZF Friedrichshafen to buy US rival Wabco for $7bn
German auto parts maker ZF Friedrichshafen has agreed to buy US rival Wabco for $7bn.
Deutsche Bank considering raising billions of extra capital - report
Shares in Deutsche Bank have slipped following reports that the bank is considering raising as much as €10bn as part of ongoing merger negotiations with smaller rival Commerzbank.
Thousands of passengers stranded as WOW Air collapses
Icelandic low-cost airline WOW Air has become the latest victim of the tough trading conditions in European aviation, ceasing its operations and stranding thousands of passengers.
Swedbank dismisses CEO as money laundering scandal mounts
Swedbank has fired its chief executive and president, as mounting allegations about a potential money laundering scandal engulf the Scandinavian bank.
McDonald's stock interests investors as it plunges into artificial intelligence
McDonald’s has sparked the interest of investors after deciding to purchase artificial intelligence start-up Dynamic Yield.
Qualcomm loses bid for iPhone import ban against Apple
Qualcomm lost a bid on Tuesday to ban imports of several iPhone models into the US after the International Trade Commission ruled in favour of Apple.
Centene to buy smaller rival WellCare in $17.3bn deal
US health insurer Centene has agreed to buy smaller rival WellCare in a $17. 3bn cash and stock deal.
Elon Musk will confront SEC in court in April
Lawyers for Tesla boss Elon Musk, and the US Securities and Exchange Commission will face each other in a court in Manhattan next month over the regulator's call for Musk to be held in contempt.
WeWork revenues and losses soar as global expansion ramps up
New York’s WeWork revealed that revenues doubled last year to nearly $2bn – but losses also widened significantly.
Samsung warns first-quarter earnings will miss forecasts
Samsung Electronics surprised markets after warning that first-quarter earnings would come in below expectations.
Activists take aim at Bed Bath and Beyond, shares surge in pre-market trading
Bed Bath and Beyond shares soared ahead of the opening bell on Wall Street after news that activist investors were trying to oust the retailer's entire board.
Apple's starry TV launch fails to prevent analyst disappointment
Apple’s long-awaited services update included a television streaming service, a virtual games arcade, a 'Spotify for news' and a titanium credit card but failed to wow investors and analysts.
Newmont to pay special dividend if shareholders approve Goldcorp deal
Newmont Mining said on Monday that it would pay its shareholders a special dividend of $0. 88 a share if they approve its $10bn acquisition of Goldcorp.
Nike fined for EU football strip restrictions
The European Commission has hit American shoemaker Nike with a sizeable fine for preventing retailers and licencees from selling licensed merchandise to other countries within the European Economic Area.
Biogen dives after canning Alzheimer's drug trials
Biogen shares plummeted on Thursday after the company confirmed that it will cease clinical trials for aducanumab, the experimental Alzheimer’s disease treatment it developed alongside its Nikkei 225-listed Japanese partner Eisai.
Investment banking enduring worst quarter 'in recent history' - UBS
The chief executive of UBS has called the last three months one of the worst quarters in investment banking’s recent history.