Wells Fargo said late Tuesday it was shrinking its home-mortgage business, aiming to serve its own bank customers as well as people in “minority communities.” Wells Fargo WFC, -0.07% also Read more
Tag: Giant
FTC sues to block Microsoft’s $69 billion acquisition of game giant Activision Blizzard
The Federal Trade Commission on Thursday sued Microsoft Corp. to block its $69 billion deal to buy Activision Blizzard Inc. The acquisition, which would be Microsoft’s MSFT, +0.83% largest and Read more
Giant Biogene rises in Hong Kong market debut
Giant Biogene Holding Co.’s stock zoomed higher in its Hong Kong market debut, after the Chinese skincare company raised 549.4 million Hong Kong dollars (US$70.0 million) in an initial public Read more
Hedge fund giant Elliott warns looming hyperinflation could lead to ‘global societal collapse’
“Investors should not assume they have ‘seen everything’” That was from executives at leading hedge fund Elliott Management, who warned that the world is heading towards the worst financial crisis Read more
Shipping giant A.P. Moeller-Maersk says it’s clear that freight rates have peaked
Shipping giant A.P. Moeller-Maersk on Wednesday said it’s clear that freight rates have peaked as it produced another surge in third-quarter profit. The company MAERSK.B, -6.13% AMKBY, +1.53% said its Read more
Shipping giant A.P. Moeller-Maersk says it’s clear that freight rates have peaked
Shipping giant A.P. Moeller-Maersk on Wednesday said it’s clear that freight rates have peaked as it produced another surge in third-quarter profit. The company MAERSK.B, -5.48% AMKBY, +1.53% said its Read more
Salesforce stock pops after report says Starboard owns a ‘significant’ stake in software giant
Shares of Salesforce Inc. popped 6% in premarket trading Tuesday after CNBC reported that activist investor Starboard Value LP had taken a “significant” stake in the software company. The report Read more
Retailers are cutting clothing prices, but don’t expect big discounts from this athleisure giant
Athleisure-wear maker Lululemon Athletica Inc. is better positioned to stay above the current clothing discount frenzy and is gaining popularity among younger consumers, Piper Sandler analysts said Tuesday in upgrading Read more
Germany takes over subsidiary of Russian oil giant Rosneft
BERLIN (AP) — The German government says it is taking control of Russian oil giant Rosneft’s subsidiary in Germany, citing the need to ensure continued operations at three oil refineries Read more
Ex-Qualcomm VP charged with fraud for hiding role in microchip startup the tech giant bought for $150 million
Talk about double-dipping. A former vice president for research and development for Qualcomm QCOM, +1.16% has been charged with fraud for allegedly being secretly behind a microchip startup the tech Read more
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