Companies & CEOs
Baker Hughes receives EC clearance for $13.6 billion acquisition of Chart Industries - 07/13/2026
Baker Hughes Co., an American oilfield services firm, has obtained approval from the European Commission for its $13.6 billion takeover of fellow American firm Chart Industries Inc., as announced by the EU's antitrust body. "The European Commission voiced worries that the initially proposed transaction could diminish competition in worldwide markets for gas liquefaction technologies and equipment...
Toyota sells stakes in 44 companies to raise funds for restructuring - 07/13/2026
In the fiscal year concluding in March 2026, eight firms in the Toyota Motor Group divested shares in other companies totaling ¥935.3 billion ($5.8 billion). As reported by Nikkei, referencing Toyota Motor's financial reports, this action aims to enhance the automaker's liquidity and capital efficiency, while also releasing funds for restructuring efforts. A total of stakes in 44 external...
Elon Musk to pay $1.5 million for concealing Twitter share acquisition - 07/10/2026
Elon Musk (ranked No. 1 on the Forbes Global Billionaires list, valued at $927.2 billion as of July 9, according to Forbes Real-Time Billionaires) will incur a $1.5 million penalty for hiding details regarding his 2022 Twitter stock purchase. The U.S. Securities and Exchange Commission (SEC) revealed the resolution of allegations against the billionaire in May, and a federal court reaffirmed the...
Apple to spend over $30 billion on Broadcom chips - 07/09/2026
Apple Inc. intends to invest more than $30 billion in Broadcom chips as part of a new multi-year deal, as stated in a press release from the iPhone manufacturer. This represents Apple's biggest investment to date, aligning with its commitment made last year to invest $600 billion into the U.S. economy over a four-year period. This will enable the production of more than 15 billion chips in the US...
Maersk to resume Suez Canal services on one of its routes - 07/07/2026
The Danish shipping firm Maersk declared the restart of operations via the Suez Canal on one of its container shipping routes, according to Reuters. In the past, ships traveling this route avoided Africa by going around the Cape of Good Hope because of security threats in the Red Sea. Currently, one of the corridors on the Gemini network, which Maersk is establishing alongside Germany's...
South Korean broker Mirae did not receive SpaceX shares in the IPO due to misunderstanding - 07/01/2026
South Korean firm Mirae Asset Securities Co., among the 23 underwriters for the SpaceX IPO, was the sole entity that did not acquire shares in the offering, according to Bloomberg. Involvement in the IPO was anticipated to elevate Mirae into the global elite, but instead, South Korea's biggest broker had to apologize to clients and deal with examination from local authorities. As per Bloomberg...
Ferrari and BMW are switching from copper to aluminum to reduce production costs - 07/01/2026
High-end automakers Ferrari and BMW are creating new models that will incorporate less copper and a greater amount of aluminum, especially in their electrical wiring. As per Reuters, this mainly targets lowering production expenses. Consequently, European car manufacturers will adopt a pattern established earlier by numerous Chinese car makers and the American firm Tesla. JPMorgan states that...
SAS orders Airbus aircraft worth over $10 billion - 07/01/2026
Scandinavian Airlines (SAS) revealed plans to acquire 40 wide-body planes from European aerospace company Airbus. The airline stated that this "constitutes the biggest aircraft order ever made by SAS, totaling over $10 billion in list price." The airline noted that this investment marks the largest modernization of the SAS fleet in years, providing considerable enhancements in fuel efficiency,...
Microsoft loses $570 billion in market cap in worst month since 2000 - 06/30/2026
According to trading data reported by Bloomberg, Microsoft shares are facing their most significant monthly decline since the dot-com period. Since early June, stock prices have decreased by 17%, marking their poorest performance since at least December 2000. The decline has reduced Microsoft's market cap by over $570 billion. Investors are apprehensive regarding Microsoft, the largest software...
Baidu's AI subsidiary plans IPO with $50 billion valuation - 06/30/2026
Kunlunxin, a branch of Chinese tech giant Baidu focused on AI chip development, intends to conduct an IPO in Hong Kong aiming for a valuation of $50 billion, The Information reports, citing informed sources. The publication states that in attracting investors, Kunlunxin will focus on those who agree to buy its chips. Sources indicate that the acquisition cost is anticipated to be three to seven...
