International Companies
Snap planning to cut 20% of its workforce - report
Snapchat parent Snap is reportedly planning to cut 20% of its workforce as it looks to cut costs.
Best Buy reports smaller-than-expected drop in Q2 LFL sales
Best Buy reported a near halving in profits for its fiscal second quarter amid a slump in sales, although the latter beat analysts' estimates in like-for-like terms.
Roper Technologies to buy Frontline Education in $3.73bn deal
Roper Technologies has agreed to buy Frontline Education from software investment firm Thoma Bravo in a $3. 73bn all-cash deal.
Morgan Stanley orders laywer to supervise traders - report
Morgan Stanley has reportedly ordered an internal lawyer to shadow the unit entangled in a federal investigation into block trading, underscoring the gravity of the probe.
Rio Tinto raises bid for owner of massive Mongolian copper mine
Rio Tinto upped its bid for Turquoise Hill, the majority owner of the Oyu Tolgoi copper mine in Mongolia.
Aveva says it would evaluate an offer from Schneider if it received one
Aveva recommended to its shareholders that they take no action following Schneider Electric's confirmation that it was mulling a possible bid for the shares that it did not already own.
Bed Bath & Beyond secures loan deal - reports
Ailing US home goods retailer Bed Bath & Beyond has secured a loan deal, it emerged on Wednesday, in a bid to secure its liquidity issues.
Amazon among bidders for Signify Health - report
Amazon is reportedly among the bidders for US healthcare company Signify Health.
Credit Suisse appoints CFO, group COO in executive shake-up
Credit Suisse announced the appointments of Dixit Joshi as its chief financial officer, and Francesca McDonagh as group chief operating officer, as part of an executive shake-up on Monday.
Just Eat sells stake in Brazil’s iFood to Prosus for €1.8bn
Just Eat Takeaway has agreed to sell its 33% stake in Brazil’s iFood joint venture to Prosus for up to €1. 8bn in cash.
Wal Mart posts better-than-expected Q2 sales and profits
Retail giant Wal Mart delivered better-than-expected quarterly earnings and sales, while raising its forecasts for the latter in 2023.
Tencent planning to sell down its Meituan holding
Chinese technology giant Tencent Holdings is planning to sell most or all of its stake in e-commerce and food delivery platform Meituan, it was reported on Tuesday.
Elliott sells most of its SoftBank stake - report
Hedge fund Elliott Management has reportedly sold almost all of its position in Japan’s SoftBank.
Unity rejects $17.5bn takeover offer from AppLovin
US gaming software maker Unity said on Monday that it had rejected a $17. 5bn takeover offer from peer AppLovin, as it reiterated its commitment to a merger with ironSource.
GSK, Haleon, Sanofi slump amid Zantac litigation woes
Shares in GlaxoSmithKline, Haleon and Sanofi tumbled on Thursday amid concerns about legal proceedings related to Glaxo’s former blockbuster heartburn drug Zantac.
Musk sells $6.9bn of Tesla shares ahead of Twitter trial
Tesla boss Elon Musk has sold 7. 9m shares in the electric maker in case he loses a legal battle with Twitter and ends up having to buy the social media platform.
Spain's Ferrovial exploring options for 25% stake in Heathrow - report
Spain's Ferrovial is reportedly exploring options for its 25% stake in London's Heathrow and has held preliminary talks with external advisers on the future of its holding in the airport.
Berenberg to cut 5% of London staff - report
German investment bank Berenberg is reportedly axing more than 5% of its London employees.
BioNTech misses Q2 sales forecasts as it prepares possible launch of new Covid vaccines
BioNTech reported a larger-than-expected drop in quarterly revenues, even as it progressed on the roll-out of new Covid-19 vaccines and its pipeline of potential cancer treatments.
Palantir lowers full-year guidance, pulls forecast for medium-term growth
Shares of Palantir reeled after the data analytics outfit guided lower for full-year sales and profits.