Companies & CEOs
FTC investigates Exxon and Pioneer's $59.5B merger - 12/06/2023
The US Federal Trade Commission (FTC) is looking into Exxon Mobil's $59.5 billion acquisition of shale oil company Pioneer Natural Resources Co. in October. The Securities and Exchange Commission (SEC)’s message states that the regulator asked the companies for more information regarding the transaction on December 4. Pioneer and Exxon continue to work with the authority and anticipate concluding...
Toyota to offer 15 zero-emission car models in Europe by 2026 - 12/05/2023
By 2026, Toyota Motor will sell 15 different zero-emission car and light truck models in Europe, the firm announced in a statement. By then, it is anticipated that sales of Toyota's electric vehicles in Europe will surpass 250,000 units annually, accounting for a share of over 20% of the overall sales. Hybrid, plug-in hybrid, and fuel cell vehicles make up 71% of all sales of Toyota vehicles in...
Apple and Paramount discuss creating bundled subscriptions to their streaming services - 12/04/2023
According to The Wall Street Journal, which cites reliable sources, US Apple Inc. and Paramount Global are debating the prospect of bundling a membership to both of their streaming services, Apple TV+ and Paramount+. A subscription like this should be less expensive than purchasing both services separately. The sources claim that it is still unknown how the package offer would be put together...
Uber to connect London black cab to its taxi service - 11/30/2023
According to the firm's website, Uber Technologies, a US-based startup that offers food delivery and cab ordering services, will introduce a travel by famous black taxis (cabs) service in London early in 2024. The first taxi drivers have already signed up on the Uber platform; the business anticipates that several hundred of them will be there by January. In 2024, it will be feasible to make use...
US insurers Cigna and Humana are in merger talks - 11/30/2023
According to The Wall Street Journal, US health insurers Cigna Corp. and Humana Inc. are in the midst of merger negotiations that might result in the formation of a significant competitor in the market. The companies are reportedly in talks about a potential agreement that would be settled for stock and cash. The deal might be achieved by the end of the year. With a valuation of over $140...
Salaries in Goldman Sachs will be affected by staff competition with other banks - 11/29/2023
US Goldman Sachs Group's pay policy will be impacted by employee competition with other banks prior to bonus season, Goldman Chief David Solomon told the Financial Times. "Competition for top talent remains very high," he stated. "Consequently, our valuations also reflect this." Employees at Goldman Sachs have complained about their reduced pay in 2022 over the last 12 months, according to the...
Saudi PIF and France's Ardian to buy 10% and 15% of London's Heathrow Airport - 11/29/2023
According to the Financial Times, Ferrovial, a co-owner of Britain's Heathrow Airport, is asking £2.4 billion ($3 billion) for a 25% share in the parent company of the airport. The Financial Times reports that infrastructure group Ferrovial will sell its 25% ownership in the parent company of London's Heathrow airport for £2.4 billion ($3 billion). Saudi Arabia's Sovereign Investment Fund (PIF)...
Volkswagen to launch China-focused electric vehicles platform in 2026 - 11/27/2023
Starting in 2026, the German Volkswagen Group plans to use a new platform to produce low-cost electric vehicles in China, according to a statement from the business. The platform is being created in Hefei as part of the previously announced strategy of the concern, which includes tailoring cars to Chinese consumers' wants and utilizing more local components to speed up and lower production costs....
SpaceX to sell some of its shares in December - 11/24/2023
The terms will resemble those from July, when SpaceX agreed to sell shares for up to $750 million, according to the New York Post. According to sources cited by The New York Post, SpaceX, controlled by billionaire Elon Musk, intends to sell a portion of its shares in December at a price that represents the company's current valuation of approximately $150 billion. The offer's value is...
Enel to invest €18.6B in power grids in 2024-2026 - 11/23/2023
During the years 2024–2026, the Italian energy company Enel intends to make significant investments in the modernization of power distribution networks while concentrating on the extremely lucrative renewable energy market. The company's revised medium-term plan states that a total of approximately €35.8 billion in capital investments will be made over the following three years. Of this, €12.1...
