The Strategist
Companies & CEOs

Bloomberg: Nasdaq increases scrutiny of Chinese and Hong Kong companies IPOs - 06/21/2024

As Bloomberg notes, citing sources, Nasdaq has tightened its oversight over small initial public offerings (IPOs) by Chinese and Hong Kong companies. Bloomberg reports, referring to sources, that the Nasdaq market in the United States has tightened regulation over small initial public offerings (IPOs) of Chinese and Hong Kong companies' shares in order to prevent significant price swings that...

French Ardian and Saudi PIF to buy 38% of Heathrow Airport - 06/17/2024

The French investment firm Ardian and the Saudi sovereign wealth fund Public Investment Fund (PIF) have reached a deal to purchase roughly 38% of London's Heathrow Airport. The main company of the airport, FGP Topco, is 25% owned by Spanish infrastructure business Ferrovial, which Ardian and PIF agreed to purchase for £2.4 billion in November 2023. Some of Heathrow's other shareholders,...

EC prepares charges against Apple for restricting competition on App Store - 06/17/2024

The European Commission (EC) is getting ready to file proceedings against Apple Inc. in the United States for allegedly stifling competition on the App Store in the upcoming weeks, writes The Financial Times citing sources. The regulator has preliminarily determined that Apple does not meet its responsibilities under the new Digital Markets Act (DMA), which requires the firm to give application...

Instacart service operator launches new $500 mln buyback program - 06/10/2024

The company behind Instacart, a US supermarket delivery service, Maplebear Inc., is starting a $500 million share repurchase program. The company claimed in a statement to the Securities and Exchange Commission (SEC) that it had fully executed two prior repurchase programs totaling $1 billion, approved by its board of directors in November 2023 and February 2024. Under these schemes, Maplebear...

German authorities sell €2.5bn worth of Deutsche Telekom shares - 06/04/2024

110 million shares of the telecom giant Deutsche Telekom AG are being offered for sale by the German state development bank Kreditanstalt für Wiederaufbau (KfW) for a total estimated price of €2.5 billion, the bank announced in a press statement. The bids for the securities have already been collected, and the transactions were officially closed on June 4th. Consequently, the German government...

Investor Ackman wants to float his Pershing Square hedge fund in 2025 - 06/03/2024

According to The Wall Street Journal, which cites reliable sources, billionaire investor Bill Ackman intends to list his hedge fund Pershing Square Capital Management for public offering next year. Prior to that, he will close a transaction to sell a portion of Pershing Square, with the fund valued at $10.5 billion in total. This transaction is anticipated to close this week. Pershing Square's...

The United States opens new artillery shell production facility - 05/30/2024

A new facility was established in Mesquite, Texas, which is close to Dallas, to produce 155 mm artillery shell casings, writes the New York Times. The business, which operations haven't started yet, will have the capacity to create up to 30,000 shell casings every month. The business was constructed at the location of a previous warehouse. The construction took ten months, and was funded by the...

TotalEnergies to study green hydrogen production project in Tunisia - 05/29/2024

A memorandum of understanding was signed with Tunisia by TE H2, a joint venture between TotalEnergies and EREN Groupe, and VERBUND, Austria's top electric utility, to investigate the implementation of a large-scale green hydrogen project named H2 Notos for pipeline export to Central Europe, according to TotalEnergies. H2 Notos seeks to manufacture green hydrogen using electrolysers fed with...

Elon Musk's AI startup xAI raises $6bn in investment round - 05/28/2024

Elon Musk's AI business, xAI, has completed a $6 billion financing round. According to the billionaire, the company was worth $18 billion before the funding. The artificial intelligence startup xAI, founded by Elon Musk, has raised $6 billion in a funding round, according to the company. Investment funds Valor Equity Partners, Andreessen Horowitz, Vy Capital, Fidelity Management & Research...

Indian online retailer Flipkart holds $1 billion investment round - 05/27/2024

According to the Economic Times, Google, a division of Alphabet Inc., contributed $350 million to the $1 billion financing round that Indian online retailer Flipkart, which is owned by Walmart Inc., finished. As part of this funding round, Walmart, which owns 85% of Flipkart, contributed $600 million to the business. Google's involvement as a minority investor was confirmed by Flipkart, however...
1 2 3 4 5 » ... 224