International Companies
Microsoft to shut down LinkedIn in China
Tech giant Microsoft will shut down its Chinese version of LinkedIn in response to the Asian superpowers ongoing efforts to censor the internet.
Citigroup sees third-quarter profits jump
Citigroup reported a surge in third-quarter investment banking revenues on Thursday, the latest Wall Street bank to benefit from a boom in merger and acquisition activity.
Walgreens Boots Alliance tops quarterly earnings estimates
Pharmacy chain operator Walgreens Boots Alliance topped quarterly earnings estimates on Thursday amid stronger-than-expected demand for Covid vaccines.
Morgan Stanley third-quarter results beat expectations
Morgan Stanley’s third-quarter results beat expectations on Thursday as it posted record revenues for the investment banking business.
Bank of America Q3 earnings beat expectations
US banking giant Bank of America reported quarterly earnings that beat expectations on Thursday thanks to better-than-expected loan losses and record advisory and asset management fees.
Wells Fargo beats on both top and bottom lines in Q3
Wells Fargo posted better-than-expected income and profits for its recently ended quarter thanks to sharp declines in costs and provisions.
Amazon could owe delivery drivers as much as £140m
Online retail giant Amazon may owe drivers as much as £140. 0m, according to law firm Leigh Day.
Third-quarter profits beat forecasts at JP Morgan
JP Morgan Chase & Co reported better-than-expected quarterly numbers on Wednesday, after the Wall Street bank reduced the amount put aside to cover bad loans and corporate activity strengthened.
Blackrock Q3 profits beat estimates
Investment manager Blackrock third-quarter profits came in ahead of estimates on the back of an improving economy helped boost assets under management and fee income.
Supply shortages hit Eurozone industrial production
Eurozone industrial production fell in August, official data showed on Wednesday, as supply constraints weighed heavily.
Third-quarter revenues to fall 25% at American Airlines
American Airlines expects third-quarter revenues to fall 25%, the carrier said on Tuesday, less than previously forecast.
Evergrande misses latest bond payment deadline - reports
Troubled Chinese property developer Evergrande has missed another round of bond payments, it was reported on Tuesday.
Maersk diverts large vessels from Felixstowe due to port being crowded
Container shipping company Maersk has been forced to divert its large vessels away from the UK as a result of the country's main port being packed full of containers.
KKR appoints new co-CEOs, plans changes to share structure
Private equity and investment giant KKR announced the appointment of Joe Bae and Scott Nuttall as co-chief executive officers on Monday, with co-founders Henry Kravis and George Roberts to remain involved with the company as executive co-chairmen of its board.
Pacira to buy Flexion Therapeutics in $427.5m deal
Shares of Flexion Therapeutics surged on Monday after it agreed to be bought by Pacira BioSciences in a $427. 5m deal.
Merck and Ridgeback file with FDA for emergency approval of Covid-19 medicine
Merck and Ridgeback Biotherepautics have filed for Emergency Use Approval of their oral antiviral for mild-to-moderate cases of Covid-19 with America's lead regulator, the U. S. Food and Drug Administration.
CF Fertilisers to up CO2 prices as taxpayer support ends
The UK’s main carbon dioxide producer is to hike its prices in a government-brokered deal, it was announced on Monday.
Credit Suisse report into Greensill collapse said to be delayed
An internal report into Credit Suisse’s role surrounding the Greensill Capital collapse has been delayed, it was reported on Monday.
Loss-making national carrier Air India sold to Tata Group
The Indian government revealed on Friday that loss-making national carrier Air India had been acquired by the Tata Group, the country's largest conglomerate.
Credit Suisse will help investors meet some costs of recovering monies from its Greensill funds
Credit Suisse will make up for "as much as possible" of the legal and advisory costs needed to help investors recover as many funds as possible from the supply-chain finance funds it oversaw together with the now bankrupt Greensill Capital.