Companies & CEOs
Jaguar Land Rover will resume production after cyberattack no earlier than October 1 - 09/24/2025
Jaguar Land Rover, based in the UK, revealed that the production halt due to a cyberattack will continue until October 1. The systems faced an attack in early September, and the downtime will be prolonged to enhance readiness for a gradual restart of operations. Jaguar, the manufacturer of Land Rover, Jaguar, and Range Rover vehicles, initially disclosed the cybersecurity incident on September 2....
Pfizer to acquire biopharmaceutical company Metsera - 09/23/2025
The American pharmaceutical firm Pfizer Inc. is purchasing the biopharmaceutical company Metsera Inc., known for its obesity treatment developments. Pfizer declared it will purchase all Metsera shares for $47.50 in cash. This signifies a premium of roughly 42.5% above Friday's closing price. Pfizer is also ready to pay an extra $22.50 for each share if Metsera reaches specific milestones, such...
Paramount Skydance may value Warner Bros. Discovery at up to $59.4 billion - 09/22/2025
According to sources cited by CNBC, American media firm Paramount Skydance could value Warner Bros. Discovery at $22-$24 per share in its anticipated acquisition bid. This might assess Warner Bros. at as much as $59.4 billion. Nevertheless, the price range relies on speculation, and the bid might occur later than anticipated, CNBC observes. Last week, the network revealed that Paramount...
Volkswagen downgrades full-year profitability outlook due to Porsche - 09/22/2025
German car manufacturer Volkswagen (VW) has revised its operating margin outlook for 2025 down to 2-3% from a previous estimate of 4-5%, as per a statement. The firm now anticipates zero net cash flow in the automotive sector, reduced from its earlier forecast of €1-3 billion. VW maintains its revenue forecast at €324.7 billion, consistent with last year. The firm plans to document a goodwill...
DuPont lowers full-year revenue outlook due to business divestment - 09/19/2025
American chemical firm DuPont de Nemours Inc. has decreased its revenue forecast for the year because of the divestiture of its aramid fiber division and the separation of its electronics materials sector. The firm now anticipates earnings of $6.87 billion this year, a decrease from its earlier forecast of $12.85 billion, based on a company announcement. For the third quarter, the updated...
Nvidia to invest $5 billion in Intel - 09/19/2025
Nvidia Corp., an American chip manufacturer, will put $5 billion into its struggling competitor Intel Corp. as part of collaboration to co-develop new chips for data centers and personal computers, according to Intel's announcement. Nvidia will purchase $5 billion worth of Intel stock at $23.28 per share. Intel stock finished at $24.90 on Wednesday. Intel stocks surged 29% in pre-market trading...
Authentic Brands and CVC interested in Puma, expressing interest in Pinault family stake - 09/18/2025
Authentic Brands, the American retail conglomerate that owns Reebok, along with investment firm CVC Capital Partners, is reportedly looking to purchase the German sportswear company Puma, as per Manager Magazin. Authentic Brands CEO Jamie Salter and CVC Germany leader Alex Dibelius have shown interest in acquiring a 29% share in Puma from the Pinault family of France. The German magazine points...
TikTok's American division may be sold to a consortium involving Oracle - 09/17/2025
The American branch of the social media platform TikTok could be acquired by a group of investors that includes Oracle Corp., according to The Wall Street Journal, referencing sources. The report states that the division will be separated into a standalone company, which will be controlled by a consortium that, alongside Oracle, will feature Silver Lake and Andreessen Horowitz, along with current...
Starbucks may sell control of China business by end of October - 09/12/2025
Investment firms Carlyle Group and EQT, along with China's HongShan Capital Group and Boyu Capital, are finalizing their bids to acquire a majority share of the Chinese branch of Starbucks Corp., according to Reuters. As per the agency's sources, Starbucks has requested that investors submit their bids by early October. One of the sources mentioned that an agreement might be reached by the end of...
Hyundai delays US plant construction after anti-immigration raid - 09/12/2025
The establishment of a battery facility in Georgia, USA, collaboratively managed by South Korean firms Hyundai Motor Group and LG Energy Solution, has faced several months of postponement following an immigration enforcement operation at the location. In the course of the raid, US authorities apprehended 475 workers, the majority of whom were South Korean nationals. “This will lead to a delay...
