Companies & CEOs
Bloomberg: SpaceX valued at $140B - 12/14/2022
According to sources who spoke to Bloomberg, Elon Musk's SpaceX has priced its shares at $77 each, implying that the company is now worth $140 billion. Bloomberg’s source report that Elon Musk's SpaceX is offering private investors shares of the company for $77 each. As a result, SpaceX is now the most valuable private corporation in the United States with a valuation of $140 billion. According...
Microsoft purchases London Stock Exchange Group papers - 12/13/2022
As part of a 10-year strategic collaboration, Microsoft Corp. will purchase a 4 percent share in the London Stock Exchange Group (LSEG). The agreements, according to a press statement, will enable the business to expand into data, analytics, and cloud infrastructure. Microsoft stated that it would purchase shares in the Blackstone/Thomson Reuters consortium to acquire around 4% of LSEG. Subject...
Fitch affirms TotalEnergies and Shell ratings at "AA-" - 12/08/2022
Fitch rating agency confirmed the "AA-" long-term issuer default ratings (IDR) of the Anglo-Dutch energy corporation Shell and the French oil and gas company TotalEnergies. The outlooks for these firms' ratings are unchanged. According to the rating agency, "TotalEnergies' ratings are supported by large-scale international activities, solid company diversity, and a stable financial profile."...
TSMC to invest $40B in its U.S. advanced chip plant - 12/07/2022
The largest chip manufacturer in the world, TSMC of Taiwan, stated that it will increase its investment in its Arizona manufacturing facility, which will create some of the most cutting-edge chips ever. Early in November, it was revealed that TSMC will invest $12 billion to increase production at its current Arizona factory. The business noted in its release today that the Arizona facility is...
Airbus: We will not be able to reach projected aircraft deliveries in 2022 - 12/07/2022
According to a press release from the firm, the European aircraft manufacturer Airbus won't be able to meet its anticipated level of deliveries in 2022. "Given the 68 aircraft delivered in November and the difficult operating climate, Airbus feels it will be impossible to meet its target of 700 deliveries by 2022. No major deviation from the aim is anticipated in the final figure," the business...
Total to cut investments in North Sea by 25% because of UK excess profits tax - 12/06/2022
Due to the recently increased excess profits tax in the UK, French oil and gas giant TotalEnergies will reduce its expenditures in North Sea projects by 25% in 2023. The managing director of TotalEnergies UK, Jean-Luc Guiziou, made this announcement in an interview with Energy Voice. The projects will get a reduction of £100 million from the company's original plan to invest £400 million ($490...
FT: Billionaire Jack Ma departs from China - 11/30/2022
Jack Ma, the founder of Alibaba and one of China's wealthiest billionaires, has been residing in Tokyo for approximately six months, according to reliable sources who spoke to the Financial Times. The sources claim that since relocating to Tokyo, Ma has scaled back his social activities, which were previously overtaken by meetings with dignitaries from China and other countries. Ant or the Jack...
Philip Morris increases stake in Swedish Match to 93 percent - 11/29/2022
Philip Morris aims to delist Swedish Match after increasing its ownership to 93%. Philip Morris International (PMI) disclosed that it had increased its investment in Swedish Match to above 93 percent, which was sufficient to trigger a required share recall. The tobacco giant also intends to have the Swedish rival's securities removed from the stock exchange's register. In May, the company that...
Saudi Aramco receives approval for IPO of its subsidiary - 11/25/2022
The initial public offering of Saudi Aramco's subsidiary Luberef has been approved. The Saudi Capital Market Authority announced on Thursday that the kingdom's stock market watchdog has given the go-ahead for an IPO for Aramco's oil subsidiary Luberef. A total of 50.045 million Luberef shares, representing 29.656% of the company's share capital, will be made available to investors by Saudi...
JP Morgan and Deutsche Bank accused of helping Jeffrey Epstein - 11/25/2022
The Wall Street Journal reports that victims of sexual assault by Jeffrey Epstein have filed lawsuits against JP Morgan and Deutsche Bank, accusing the financial institutions of supporting the American financier's illegal actions. According to the plaintiffs, after getting warnings about their affluent customer, the banks allegedly continued to provide services to Jeffrey Epstein and his...
