Associated British Foods PLC said Tuesday that pretax profit for fiscal 2022 rose on robust pricing amid a normalization of customer behavior, and raised its dividend payout and launched a Read more
Tag: Corporate Actions
Carrefour aims for higher free cash flow as it sets out midterm focus on core markets, cost savings
Carrefour SA on Tuesday set out a plan to step up investment and maintain annual share buybacks from higher earnings, helped by increased cost savings over the coming years. The Read more
Volvo Car to sell 33% stake in Aurobay to Geely Holding
Volvo Car AB will sell its 33% stake in Aurobay to Geely Automobile Holdings Ltd. as part of the Swedish company’s move to become a fully electric-vehicle company in the Read more
Foxconn to invest an additional $170 million in Lordstown Motors
Foxconn Technology Group, the world’s biggest contract manufacturer for electronics, is deepening its investment in Lordstown Motors Corp., a once-troubled EV startup that recently began building its first all-electric pickup truck at a former General Motors Co. plant Read more
LBRY loss against SEC threatens to make ether a security, crypto boosters fear
A federal judge ruled Monday that video-hosting platform LBRY Inc. illegally sold its native token to U.S. investors, in a win for the Securities and Exchange Commission that could pave Read more
Why Okta, Twilio and Salesforce are bucking the trend of cloud-software stocks’ slide
Cloud-software stocks continued to sell off Monday, following one of the space’s worst weeks ever, although not as fast as Friday selloff as a few beaten-up stocks received upgrades and Read more
Redfin stock falls as much as 15% after analyst says sell
Shares of Redfin Corp. sank into record-low territory Monday after Oppenheimer’ Jason Helfstein recommended investors sell, as he explained why he believed the real estate services company has a flawed Read more
Opinion: Guns at voting sites have long sparked fears – yet few states ban their presence
It wasn’t an isolated incident. A lawsuit filed Oct. 24 by Arizona Alliance for Retired Americans and Voto Latino noted that on several occasions “armed and masked individuals” associated with Read more
FanDuel now valued at $22 billion for purposes of Fox option, arbitrator rules
Flutter Entertainment on Monday said an arbitrator has determined that the value of U.S. sports betting company FanDuel as of Dec. 2020 was $20 billion. That establishes the current value Read more
Walgreens subsidiary nears $9 billion deal to merge with Summit Health
A unit of Walgreens Boots Alliance Inc. WBA, +3.72% is nearing a deal to combine with a big owner of medical practices and urgent-care centers in a transaction worth roughly $9 billion Read more