Renault will split into five major overhaul activities To form joint venture with Geely, spin off EV unit Shares fall due to lack of progress in talks with Nissan PARIS, Nov 8 (Reuters) – French carmaker Renault (RENA.PA) has announced a major overhaul that will see it split its business into five businesses, deepen its …
Renault divides into 5 activities to increase its profits Read More »
PMI needs 90% stake for mandatory minority buyout PMI believes the goal can eventually be achieved PMI Says Swedish Match’s Top 10 Investors Tendered Stock Nov 7 (Reuters) – Marlboro maker Philip Morris International (PMI) (PM.N) overcame some opposition to win 83% of Swedish Match (SWMA.ST), short of the 90% it wanted but enough to …
Philip Morris wins Swedish game after smokin’ out the opposition Read More »
Oil company smashes Wall Street forecast with $19.7 billion profit Exxon’s fossil fuel bets eclipse rivals Shell and TotalEnergies Company forecasts stable oil production this year on Russia’s losses HOUSTON, Oct 28 (Reuters) – Exxon Mobil Corp (XOM.N) beat expectations on Friday as soaring energy prices generated record quarterly profit nearly matching that of tech …
Exxon’s record third-quarter profit nearly matches Apple’s Read More »
A major overhaul aims to restore confidence in the bank CEO says “we have to get it right” Stocks fall as much as 16% ZURICH, Oct 27 (Reuters) – Credit Suisse (CSGN.S) plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and refocus from banking to Investing in Wealthy …
Credit Suisse seeks billions from investors in landmark shakeup Read More »
Oct 26 (Reuters) – Shares of Mobileye Global Inc (MBLY.O) rose 30% in the early afternoon on Wednesday after its U.S. debut, valuing Intel Corp’s standalone technology unit ( INTC.O) to $21.8 billion as investors swallowed what could be the last major IPO of 2022. The debut comes after a turbulent period when Mobileye settled …
Intel’s Mobileye unit valued at $22 billion as shares rise Read More »
NEW YORK, Oct 22 (Reuters) – Nasdaq Inc (NDAQ.O) has stalled preparations for the initial public offering (IPO) of at least four smaller Chinese companies as it investigates short-lived stock market rallies from these companies after they debut, according to the lawyers and bankers who work on these stock launches. The stock trader’s actions come …
Nasdaq halts IPOs of smaller Chinese companies as it investigates stock market rallies Read More »
Oct 20 (Reuters) – Shares of Tesla Inc (TSLA.O) fell on Thursday, a day after chief executive Elon Musk said it was “a little more difficult” for the electric vehicle maker to collect the demand in the face of a global weakening. economy. At least six brokerages lowered their price targets on the stock, with …
Tesla shares skid after Musk flag recession in China and Europe Read More »
Fiscal strains are building up in times of national and global uncertainty Policymakers face a tough test as global recession risks rise Largest budget deficit for the period since at least 2012 Financial difficulties and real estate tensions pose risks for GDP growth in 2023 BEIJING, Oct 17 (Reuters) – By any measure, $1 trillion …
