International Companies
Footlocker Q3 revenue and profits beat expectations
Footwear retailer Foot Locker posted a solid set of third-quarter earnings on Friday, with both profits and revenues coming in ahead of expectations.
Warner Music in talks to buy Bowie songwriting catalogue - report
Warner Music is reportedly in talks to buy David Bowie’s songwriting catalogue and is raising $535m in debt to support the potential acquisition and others.
Apple plans to make some spare parts available to consumers
Apple took its first step in conceding to the ‘right to repair’ movement on Wednesday, with the company announcing a programme to make spare parts available from early next year.
Pfizer CFO Frank D'Amelio to retire
Pfizer said on Wednesday that Frank D’Amelio will retire as chief financial officer and executive vice president of global supply after nearly 15 years at the company.
US secures $1bn of GSK-Vir Covid-19 treatment - report
The United States has signed about $1bn of contracts to buy the antibody-based Covid-19 treatment developed by GlaxoSmithKline and Vir Technology of the US, according to a report.
Alibaba is frontrunner to buy Unigroup - report
A consortium led by Alibaba is the frontrunner to buy Tsinghua Unigroup in a deal to rescue the struggling semiconductor group, according to a report.
Walmart ups full-year guidance on strong third quarter
US retail giant Walmart has upped its full-year earnings guidance ahead of the crucial festive shopping season, after a strong third quarter.
UK govt orders in-depth probe of Nvidia's Arm acquisition
The UK government has asked the Competition and Markets Authority to carry out a phase two investigation into Nvidia’s proposed acquisition of Cambridge-based Arm from Japan’s Softbank on competition and national security grounds.
DIY boom helps sales rally at Home Depot
US retailer Home Depot has beaten quarterly forecasts as American homeowners rushed to do up properties.
Casper Sleep to be taken private by Durational; shares surge
Casper Sleep has agreed to be bought by private equity firm Durational Capital Management, sending shares in the company surging.
American Tower to acquire CoreSite in $10.1bn deal
American Tower and CoreSite Realty Corporation revealed on Monday that the pair has entered into a definitive agreement that will see the former acquire the latter in a $170. 00 per share cash deal.
Elon Musk sells more of his shares in Tesla
Elon Musk offloaded another batch of shares of the iconic electric carmaker that he leads on Thursday.
Toshiba plans to split into three independent companies
Multinational conglomerate Toshiba revealed on Friday that it intends to split into three independent companies as part of an effort to appease activist shareholders.
Johnson & Johnson to spin off consumer health business
Johnson & Johnson announced plans on Friday to separate its consumer health segment from the pharmaceuticals and medical device business, creating a new publicly traded company.
Bridgepoint said to be mulling Burger King UK float
Burger King UK could be floated in London next year, with reports on Friday morning that its owner Bridgepoint had roped in Bank of America and Investec for a possible initial public offering.
Tapestry ups full-year guidance, shares jump
Luxury handbag firm Tapestry reported a jump in first-quarter revenues as it upped full-year guidance on Thursday, despite persistent supply chain issues.
Sika to buy rival MBCC for CHF5.5bn
Swiss chemicals group Sika has agreed to buy German rival MBCC Group - the former BASF construction chemicals business - for CHF5. 5bn.
Hershey to buy Dot's Pretzels and Pretzels Inc for $1.2bn
US chocolate maker Hershey has agreed to buy Dot’s Pretzels - the owner of Dot’s Homestyle Pretzels - and Pretzels Inc, for around $1. 2bn deal.
China's Evergrande said to be on brink of default
Beleaguered Chinese property group Evergrande is reportedly teetering on the brink of default.
UK Supreme Court blocks class action against Google
Britain's Supreme Court has blocked a planned £3. 2bn class action against Google parent company Alphabet over accusations that the tech behemoth had unlawfully tracked the personal information of millions of iPhone users.