International Companies
Uber UK boss to step down - report
Uber Technologies’ general manager for Northern Europe is to step down, it was reported on Tuesday.
Walmart Q1 earnings fall short of expectations
US department store and grocery giant Walmart posted quarterly earnings that fell considerably short of estimates on Tuesday as rising costs of food and fuel weighed on the retailer.
Elon Musk warns Twitter takeover could fail over fake accounts
Elon Musk has warned that his $44bn takeover approach for Twitter could fail if the social media platform is unable to prove how many accounts are fake.
Carlyle to buy ManTech in $4.2bn deal
US buyout firm Carlyle has agreed to buy ManTech, a provider of technologies and solutions for national security programs, in a $4. 2bn deal.
JetBlue Airways launches hostile takeover bid for Spirit Airlines.
US carrier JetBlue Airways has launched a hostile all-cash takeover bid for rival Spirit Airlines.
Musk says Twitter deal on hold, shares tumble
Twitter shares tanked on Friday after Elon Musk said his takeover of the social media company was on hold until he gets more information on fake accounts.
Toyota forecasts drop in annual profits
Toyota Motor Corporation has warned that profits could fall by a fifth in the coming year, as higher raw material costs, supply chain issues and the pandemic continued to weigh heavily.
Shares in Bayer fall sharply on Roundup setback
President Joe Biden’s administration has recommended the US Supreme Court reject an appeal by Bayer, sending shares in the German drug and agrochemical giant sharply lower.
Philip Morris to buy Swedish Match in $16bn deal
US tobacco giant Philip Morris International has agreed to buy smokeless tobacco company Swedish Match in a $16bn deal.
Peloton shares crash as losses mount, revenue guidance cut
Peloton shares crashed on Tuesday after the at-home fitness company posted worse-than-expected losses for the third quarter and downgraded its revenue guidance.
Sony posts jump in annual revenues but supply chain issues persist
Sony Group Corporation reported a jump in full-year revenues on Tuesday, but warned it may need to revise down sales forecasts for the current year if supply chain issues persist.
Pfizer to buy migraine drug maker Biohaven in $11.6bn deal
Pfizer said on Tuesday that it has agreed to buy Biohaven Pharmaceutical in an $11. 6bn cash deal, sending shares in the migraine drug maker soaring.
Shares surge as PMI and Swedish Match confirm talks
Shares in Swedish Match sparked on Tuesday after it emerged the owner of Snus was in talks with Philip Morris International about a potential $16bn takeover.
BioNTech revenues triple on strong demand for Covid vaccine
Quarterly revenues more than tripled at BioNTech, the German biotech said on Monday, following strong demand for its Covid-19 vaccine.
Infineon Technologies boosts full-year outlook
Infineon Technologies, Europe’s largest chipmaker, upped its full-year guidance on Monday despite a challenging backdrop.
Musk secures $7bn of funding for Twitter bid
Elon Musk has secured just over $7bn to help fund his proposed $44bn takeover of Twitter, including $1bn from Oracle co-founder and Tesla board member Larry Ellison.
Revenues surge at Uber as ride-hailing arm rebounds
Uber Technologies saw bookings rebound in the first quarter, the US firm said on Wednesday, but losses widened sharply.
Musk considering 'slight fee' for commercial Twitter users
Elon Musk is considering introducing a "slight fee" for commercial and government Twitter users.
ExxonMobil to sell Romanian affiliate for more than $1bn
ExxonMobil said on Tuesday that it has agreed to sell its Romanian upstream affiliate to Romgaz for more than $1bn.
Pfizer sales surge on Covid drugs
Pfizer reported above-forecast numbers on Tuesday, boosted by strong sales from its two Covid-19 drugs.