Onewo Inc., a property-management arm of China Vanke Co. is planning to raise as much 6.15 billion Hong Kong dollars (US$783.5 million) through an initial public offering in Hong Kong. Read more
Tag: corporate strategy
Snap still a ‘zombie’ stock even after restructuring, warns New Constructs
Snap’s recently announced restructuring effort sparked a rally in the company’s shares. But the Snapchat parent is still a “zombie stock” as far as independent equity research firm New Constructs Read more
Novartis to spin off, list Sandoz business
Novartis AG is planning to spin off its generics-and-biosimilars division Sandoz and list it as a standalone company in Switzerland, a move that will enable Novartis to focus on innovative Read more
Peloton stock rockets amid plans to sell bikes through Amazon
Shares of Peloton Interactive Inc. were shooting more than 8% higher in premarket trading Wednesday after the company reached an agreement to sell equipment and other products through Amazon.com Inc. Read more
Bed Bath & Beyond stock drops more than 15% after Ryan Cohen plans to unload huge stake
Bed Bath & Beyond Inc. shares fell more than 15% in the extended session Wednesday after GameStop Corp. Chairman Ryan Cohen disclosed he’s planning to sell his big stake in Read more
Why Six Flags’ attendance fell so much, and what the company plans to do about it
Shares of Six Flags Entertainment Corp. plunged Thursday toward the second-worst performance in the theme park operator’s 12-year public history, after a big miss in attendance led to a surprise Read more
Oil prices are down, but energy companies’ earnings estimates keep rising — these stocks are cheap
Oil prices have fallen from a peak earlier this year. But energy companies’ earnings estimates have kept rising on stronger demand and low capital spending. Below is a screen of Read more
Sonos stock crunched as forecast slashed in wake of ‘significantly more challenging’ conditions
Sonos Inc. shares tumbled more than 18% in after-hours trading Wednesday after the maker of smart speakers and other audio equipment fell short of expectations for its latest quarter and Read more
Opinion: Here’s the big concern with chip makers scoring billions in funds from Uncle Sam
On the day that Congress finally passed a long-awaited funding package for domestic U.S. chip production, Intel Corp. slashed $4 billion from its spending plans while detailing disappointing earnings that Read more
Sweetgreen stock plunges 23% as restaurant chain misses expectations
Sweetgreen Inc. shares plunged more than 23% after hours Tuesday after the salad restaurant chain’s second-quarter financial results missed Wall Street’s expectations. Sweetgreen SG, -4.21% reported a second-quarter loss of Read more