Companies & CEOs

Kenny Wilson, the CEO of Dr. Martens Plc, a footwear firm headquartered in the United Kingdom, announced in a press release that he would retire prior to the end of…

The production and innovation center in the city of Hefei, in the Anhui province of eastern China, is set to expand with the investment of €2.5 billion from the automaker…

According to The Hill, on Monday the New York court opened hearings in the criminal case involving former US President Donald Trump.

Friday's trade saw gold prices break beyond $2400 per ounce for the first time, setting yet another milestone.

Due to potential health hazards, American Procter & Gamble Co. (P&G), the largest consumer products maker in the world, is voluntarily recalling approximately 8.2 million packets of Tide, Gain, Ace,…

Alaska Airlines announced that it has received the first payment from Boeing related to an early January incident. The American airline's 737 MAX 9 aircraft then experienced cabin depressurization as…

In late 2024, Ripple plans to introduce its own stablecoin based on the Ethereum and XRP Ledger blockchains.

Geely's premium electric vehicle brand Zeekr has resumed preparations for an initial public offering (IPO) in the US, according to sources cited by Reuters. Zeekr later lowered its estimates in…

According to The Wall Street Journal, the Federal Deposit Insurance Corporation (FDIC) and other US banking authorities are curious as to whether investment funds BlackRock, Vanguard, and State Street Corp.…

Truth's parent company, Trump Media & Technology Group, announced on April 1 that it lost over $58 million in 2023 and could find it difficult to pay its debts going…

The Federal Reserve (Fed) report states that the rise in the stock market contributed to the wealthiest 1% of Americans having a record $44.6 trillion at the end of 2023.

The US oilfield services business SLB (formerly Schlumberger) has made a NOK 4.1 billion ($382 million) investment in the Norwegian business Aker Carbon Capture (ACC), which creates technology for atmospheric…

The European automaker Stellantis NV offered to end employment contracts to roughly 3.6 thousand workers at its Italian operations, according to a report from the trade union FIOM-CGIL.

Anthropic, an AI business, has received a $2.75 billion investment from Amazon, which raised the share of Amazon’s investment in the company to $4 billion.

According to the Economy and Finance Ministry of Italy, the government has sold securities worth €650 million to lower its interest in Banca Monte dei Paschi di Siena as part…

After nearly 20 years of litigation, Visa Inc. and Mastercard Inc. achieved a deal with the U.S. merchant industry that included a reduction in interchange fees on credit cards.

International trader Vitol reduced its supply of oil and oil products by 2.5 times in 2023, from 7.4 million barrels per day to 3 million barrels per day.

One of the biggest FMCG companies in the world, British-Dutch Unilever, intends to split off its ice cream division into a different business.

JPMorgan Chase & Co. was fined $348.2 million by the Office of the Comptroller of the Currency and the Federal Reserve System for lacking adequate oversight over trading activities.

Xinhua News Agency writes that Apple Inc. intends to build a new lab in Shenzhen and expand its applied research facility in Shanghai by 2024.

The Saudi state-owned oil corporation, Saudi Arabian Oil Co. (Saudi Aramco), reported its second-highest net profit in company history in 2023.

According to a press release from the European Commission (EC), Apple Inc. has been fined more than €1.8 billion for abusing its dominant position in the music streaming services market…

The US-based Chevron’s subsidiary Chevron New Energies revealed plans to build a 5-megawatt hydrogen production facility in the Central Valley of California.

The British county of Somerset will host the Indian corporation Tata Group's 4-billion-pound ($5.06 billion) plant that will make batteries for electric vehicles. The project will be built close to…

Japanese IT corporation Rakuten Group Inc., a, intends to enhance its financial situation by floating 100 billion yen ($666 million) worth of shares.

Finnish telecom equipment manufacturer Nokia Corp. intends to reach net zero greenhouse gas emissions (net zero) by 2040, MarketWatch writes.

Jeff Bezos sold more Amazon shares for over $2.4 billion. He intended to sell 50 million shares by the end of January 2025, but this goal is fulfilled already now,…

Following an agreement between the firms to sell some assets, the European Commission (EC) approved the merger of Masmovil Ibercom SA and Orange SA, the Spanish unit of the French…

Capital One Financial Corporation's $35 billion acquisition of Discover Financial Services will become the largest M&A transaction of 2024.

Lufthansa has issued a warning that a strike by Verdi trade union members may result in canceled or delayed flights, affecting around 100,000 people.

According to Commissioner Thierry Breton, the European Commission has opened an investigation against TikTok for potential infractions of European laws pertaining to digital services.

The European Commission (EC) confirmed in a statement that it had authorized Korean Air's acquisition of rival Asiana Airlines.

The fourth quarter of 2023 saw a 2.2-fold decline in net profit for Biogen Inc., a US biotechnology company. This decline was partly caused by one-time expenses related to the…

Due to discontent with wages and other working conditions, drivers for Uber Technologies, Lyft Inc., and DoorDash—three U.S. taxi and delivery services—will go on strike on Valentine's Day, February 14,…

The California judge ruled that Elon Musk will have to appear before the Securities and Exchange Commission (SEC) once more as part of an inquiry into potential irregularities in the…

According to Bloomberg Law, the Operating Engineers Construction Industry and Miscellaneous Pension Fund sued Pioneer Natural Resources Co., a producer of oil and gas in the United States, in Delaware…

Deutsche Boerse AG, the exchange’s operator, saw a 13% increase in net profit and a 20% gain in revenue in Q4.

Maersk's stock dropped 17% in Copenhagen following the release of its projections.

According to a press release from the company's U.S. division, Japanese carmaker Toyota Motor plans to invest an additional $1.3 billion on its flagship facility located in Kentucky.

The Financial Times reports, referring to a statement released by the climate group Follow This, that the group has opted to remove a proposal it had intended to include on…

The Financial Times reports that Asian online apparel company Shein, which is getting ready to go public on the US stock market, has been charged with many copyright violations.

The Public Investment Fund (PIF) of Saudi Arabia and Pirelli of Italy have been granted permission by the European Commission to establish a joint venture specializing in tires within the…

Health Care Service Corp. (HCSC) will purchase US health insurer Cigna Corp.'s Medicare national insurance program business and subsidiary CareAllies, which provides services to healthcare organizations, for about $3.7 billion,…

The US holding corporation Alphabet Inc., which controls Google, announced in a release that its net profit for 2023 climbed by 23% year over year to $73.795 billion.

The American electric vehicle manufacturer Tesla Inc. stated in its annual report that its capital expenditures would surpass $10 billion in 2024 and fall within the range of $8 billion…

Ryanair, the biggest budget airline in Europe, and Enilive, a division of Eni, have inked agreements of intent to deliver SAF clean-burning biofuel between 2025 and 2030 to many Italian…

The American media business Skydance is thinking about purchasing all of its larger rival Paramount Global's shares in order to delist them later, reports CNBC citing sources.

Nokia Corp., the Finnish manufacturer of telecom equipment, saw a 23% decline in revenue in the fourth quarter of 2023 and an unanticipated loss at the end of the quarter.

The state-owned energy firm of the United Arab Emirates, Abu Dhabi National Oil Co. (ADNOC), plans to raise its investment in decarbonization projects by over 50%. The company announced in…

According to analysts at Bank of America, the "Magnificent Seven" technology companies—American Apple Inc., Microsoft Corp., Meta, Amazon.com Inc., Alphabet Inc., and Nvidia Corp.—as well as Tesla, comprise the majority…