International Companies
Daimler warns on profits again amid diesel issues
Daimler warned on profit for the third time in a year on Sunday as it increased provisions related to diesel vehicles.
Carrefour to sell 80% stake in Chinese business
Carrefour has agreed to sell an 80% stake in its China business to Chinese retailer Suning. com for €620m.
Tesla believer Jefferies slashes price target but still recommends buy
Firm Tesla believer Jefferies admitted on Friday that they “had got it wrong this year” and cut their target price on the electric carmaker's shares by 25% (from $400. 00 to $300. 00) to reflect "delayed improvements".
Q1 profits and sales slip at Kroger
US supermarket chain Kroger, one of the world’s biggest retailers, saw profits and sales dip in the first quarter, but insisted that its transformation programme was on track.
Apple allegedly urges suppliers to move output from China
Apple has asked its largest suppliers to consider the cost implications of shifting between 15-30% of their output from China to Southeast Asia, the Nikkei Asian Review reported on Wednesday.
Boeing and Airbus take off with a flurry of deals at Paris Air Show
Boeing and Airbus have unveiled a flurry of deals, including Korean Air agreeing buying a fleet of Dreamliners and the European aerospace group selling 36 planes to Philippines carrier Cebu Air.
Facebook unveils Calibra, the new digital wallet for its crypto Libra
Facebook announced on Tuesday that it will open a new digital wallet called Calibra to allow users to trade its new cryptocurrency Libra by 2020.
MoneyGram shares surge as it strikes deal with Ripple
Shares in MoneyGram International more than doubled in pre-market trading on Tuesday, after cryptocurrency start up Ripple took a 10% stake in the global payments firm.
Roche gets approval in Japan for 'Rozlytrek' treatment
Roche announced on Tuesday that Japan’s Ministry of Health, Labour and Welfare (MHLW) has approved ‘Rozlytrek’ (entrectinib) for the treatment of adult and paediatric patients with neurotrophic tyrosine receptor kinase (NTRK) fusion-positive, advanced recurrent solid tumours.
Intertrust buys US-based Viteos for $330m
Dutch business administration company Intertrust has bought US-based technology solutions group Viteos for $330m.
Elon Musk says he will close his Twitter account
Elon Musk announced on Monday that he would delete his Twitter account although nine hours later it remained active, to the relief of his followers.
Sotheby's to be taken private by Altice founder in $3.7bn deal
Sotheby's has agreed to be bought by BidFair USA, a company owned by Altice founder and art collector Patrick Drahi, for $3. 7bn.
Pfizer to buy cancer drug developer Array Biopharma in $11.4bn deal
Shares in cancer drug developer Array Biopharma rocketed on Monday after it agreed to be bought by Pfizer in a deal worth $11. 4bn.
Airbus and Virgin ink $4.15bn deal for new A330s
Airbus has clinched a deal valued at around $4. 15bn at list prices to sell eight A330neo wide-body passenger jets to Virgin Atlantic with an option for six more.
Huawei will cut production by $30bn as international sales slide
The founder of Huawei said the company will slash its production by $30bn over the next two years as a result of the restrictions placed by the US on the Chinese telecoms giant.
Deutsche Bank looks to form 'bad bank' as part of serious overhaul
Deutsche Bank will form a "bad bank" as part of a serious overhaul of its operations as chief executive Christian Sewing looks to turn the German lender away from investment banking.
Lufthansa warns on profits amid growing competition
Lufthansa cut its 2019 outlook on Monday as it warned that market-wide overcapacities and "aggressively" growing low-cost competitors are putting pressure on yields in the European short-haul market.
Terveystalo taking over operations of Finland's Welfare District of Forssa
Finnish healthcare provider Terveystalo announced on Monday that it would buy the occupational health operations of the Welfare District of Forssa via an agreement signed on 17 June.
Facebook hires Standard Chartered executive ahead of crypto launch
Facebook has hired a senior Standard Chartered executive, Ed Bowles, ahead of the expected launch of its very own cryptocurrency and financial services business.
Pernod Ricard buys majority stake in Kentucky-based Rabbit Hole Whiskey
France's Pernod Ricard has added Bourbon to its portfolio with the acquisition of a majority share in Kentucky-based Rabbit Hole Whiskey.