International Companies
Bristol Myers Squibb to buy Karuna Therapeutics for $14bn
Biopharmaceuticals giant Bristol Myers Squibb has announced it is spending $14bn to purchase Karuna Therapeutics, which develops treatments for people living with psychiatric and neurological conditions.
Gaming stocks tank as China restricts spending and time incentives
Shares in global gaming developers tumbled on Friday after the government unveiled new proposals to restrict incentives used by companies to encourage in-game spending and more frequent gameplay.
Swisscom weighing offer for Vodafone's Italian business
Swiss telecommunications firm Swisscom has been mulling over an offer for Vodafone's Italian operations early next year, according to Bloomberg, potentially countering a rival bid from Iliad SA.
Warner Bros and Paramount in early merger talks
Warner Bros Discovery and Paramount Global were said to be in early merger talks, a deal that would ring together two of Hollywood's 'Big Five' studios.
FedEx cuts FY revenue forecasts amid weak demand
Logistics firm FedEx was in the red early on Wednesday after it cut revenue forecasts amid weaker demand.
Aon to buy middle-market insurance broker NFP for $13.4bn
Management consulting group Aon said on Wednesday that it has agreed to buy middle-market insurance broker NFP for around $13. 4bn in cash and stock.
Lufthansa spends $9bn on 80 planes from Boeing and Airbus
Shares in Boeing and Airbus were were flying higher on Tuesday after airline group Deutsche Lufthansa ordered 40 planes each from the manufacturers in a deal worth a combined $9bn.
Google to pay $700m antitrust fine
Google parent company Alphabet will pay $700. 0m and make allowances for greater competition in its Play app store, according to the terms of its recent antitrust settlement.
Cevian Capital spends €1.2bn on a 1.3% stake in UBS
Activist investment firm Cevian Capital has invested €1. 2bn to take a small stake in Swiss banking giant UBS, saying it predicts the stock will double in price.
South Korean retailer Coupang takes control of Farfetch
South Korean ecommerce group Coupang is to take over struggling online luxury retailer Farfetch for an undisclosed sum.
Alteryx to be taken private by Clearlake, Insight Partners in $4.4bn deal
US software firm Alteryx said on Monday that it has agreed to be taken over by private equity firms Clearlake Capital and Insight Partners in a $4. 4bn deal.
VF Corp hit by cyberattack as IT systems are taken offline
VF Corporation, the owner of apparel brands Vans, The North Face and Timberland, announced on Monday that it has detected "unauthorised" activity in its IT systems which has led to the loss of personal data, causing shares to tank.
Adobe, Figma abandon $20bn merger amid opposition from regulators
Adobe and Figma said on Monday that they have mutually agreed to end their planned merger amid opposition from UK and EU regulators.
IBM pays Software AG over €2bn for enterprise tech platforms
US software giant IBM announced on Monday it is spending €2. 13bn to buy two enterprise technology platforms from Software AG.
China’s Nio gets further $2.2bn investment from Abu Dhabi’s CYVN
Chinese electric car maker Nio said on Monday that Abu Dhabi-backed fund CYVN Holdings will invest a further $2. 2bn in the loss-making company.
Vodafone confirms talks with several parties over Italian business
Vodafone confirmed on Monday that it is in talks with several parties about the potential merger or disposal of its Italian unit, after France’s Iliad said it had submitted a proposal to merge their two Italian businesses.
Japan's Nippon Steel to buy US Steel for $14.1bn
Japanese steelmaker Nippon Steel said on Monday that it has agreed to buy US Steel for around $14. 1bn.
Citigroup to close down municipal bond-trading business - reports
American banking giant Citigroup has reportedly wanting to shut down it municipal bond-trading business, according to a leaked internal memo on Friday.
Campari Group shares fall on $1.3bn Courvoisier acquisition
Davide Campari-Milano, the Italian spirits company famous for its Campari brand, has announced plans to buy Courvoisier from Beam Suntory, causing shares to fall in Milan on Friday.
H&M underwhelms with flat fourth-quarter sales
Swedish clothing giant H&M Group reported flat sales in its fourth quarter with comparators from its now-exited Russia and Belarus business weighing on growth.