International Companies
Goldman Sachs to replace CFO at year-end
US banking giant Goldman Sachs will replace chief financial officer Stephen Scherr with Denis Coleman at the end of the year.
Apple unveils new versions of multiple devices
Tech giant Apple unveiled new versions of several of their iconic devices on Tuesday, launching four new 5G-enabled iPhones and multiple updates to the iPad and Apple Watch.
Merck starts third phase clinical trial to evaluate Covid-19 treatment molnupiravir
Merck and its Miami-based partner Ridgeback Biotherapeutics have started the third phase of its MOVEe-AHEAD clinical trial for molnupiravir, an investigational oral antiviral therapeutic against infection from Covid-19.
Bed Bath & Beyond tanks as it cuts FY sales, earnings outlook
Shares of Bed Bath & Beyond tanked on Thursday after the US retailer downgraded its full-year earnings and sales outlook and reported weaker-than-expected second-quarter sales.
Merck to buy Acceleron Pharma in $11.5bn deal
Merck has agreed to buy biopharmaceutical group Acceleron Pharma in a $11. 5bn deal.
Eutelsat shares jump after satellite operator rejects approach
Shares of Eutelsat Communications SA shot higher after the satellite operator spurned a takeover offer.
Evergrande unlikely to pose significant risk outside of China, SEI says
The fallout from Chinese real estate group Evergrande's woes may be more limited than some fear, a top wealth manager said.
BoA ups target prices for Gazprom and Novatek amid natural gas price spike
Analysts at Bank of America revised their target prices for shares of Gazprom and Novatek higher following the recent spike in natural gas prices.
Rolls-Royce wins £1.9bn B-52 engine contract
Aerospace engineer Rolls-Royce said it had won a £1. 9bn deal to supply parts for the US Air Force’s (USAF) fleet of B-52 bombers for the next 30 years.
Pfizer starts trial for post-exposure oral treatment against Covid-19
Pfizer has begun late stage clinical trials for its oral treatment against Covid-19 in patients who have been exposed to the virus or post-exposure prophylaxis.
GE buys BK Medical to expand ultrasound operation
GE has agreed to buy BK Medical from its private equity owners for $1. 45bn in cash to expand its healthcare division's ultrasound operation.
Debt-laden Evergrande strikes deal with bondholders
China’s troubled Evergrande Group has eased immediate fears it is facing imminent default after negotiating a deal with bondholders.
Japan’s MUFG to sell part of US division to US Bancorp in $8bn deal
Japan’s Mitsubishi UFJ Financial Group has agreed to sell the retail banking division of its US regional bank MUFG Union Bank to US Bancorp in a cash and shares deal worth around $8bn.
Softbank leads $680m investment into Sorare
Japanese conglomerate Softbank is leading a $680m investment in French fantasy football start-up Sorare.
Shell agrees $9.5bn Permian Basin deal with ConocoPhillips
Royal Dutch Shell is to exit the Permian Basin after striking a $9. 5bn deal with US major ConocoPhillips.
Twitter enters $810m settlement in long-running investor action
Twitter has entered into a binding $809. 5m settlement over its long-running securities class action, it announced on Monday, bringing an end to allegations it deceived investors.
CF Industries shutters UK plants on soaring gas prices
Two UK fertiliser plants have been shuttered by their US owner because of soaring gas prices.
Lagardere surges as Vivendi agrees to snap up Amber Capital’s 17.9% stake
Lagardere shares surged after Vivendi agreed to buy activist investor Amber Capital’s 17. 9% stake in the French media group, paving the way for a possible takeover.
Philip Morris seals contentious Vectura takeover
Philip Morris International has taken control of Vectura after the cigarette company's contentious bid was supported by owners of almost 75% of the inhaler maker's shares.
Inditex back in fashion as sales soar
Inditex saw sales bounce back in the first half, the owner of Zara said on Wednesday, helping profits hit "historic highs".