Companies & CEOs

The final two blast furnaces at the Indian steelmaker's Port Talbot facility in South Wales will be shut down.

A group of 27 Shell shareholders pressured the oil and gas company at its annual general meeting to raise the bar on its emissions reduction commitments, writes the Financial Times.

Sumitomo CEO Masayuki Hyodo told Barron's on the fringes of the Davos conference that billionaire Warren Buffett's investment firm Berkshire Hathaway is still adding to its holdings in five of…

According to the company, Marco Tronchetti Provera (MTP) SpA of Italy has raised its ownership position in tire manufacturer Pirelli to 20.58%.

According to a press release from the regulator, American bank Morgan Stanley has agreed to pay over $249 million to resolve allegations of fraud and failure to provide "information barriers",…

Popular streaming service Twitch, which is owned by Amazon.com Inc., plans to reduce workforce by 35%, laying off roughly 500 individuals, writes Bloomberg.

The largest coffee chain in the world, U.S. Starbucks Corp., intends to open 1,000 locations in India by 2028.

According to the Nikkei newspaper, Japanese carmaker Honda Motor Co. is thinking of establishing an electric vehicle manufacturing facility in Canada.

According to a press statement on the Ksi Lisims LNG website, the Anglo-Dutch energy corporation Shell has signed a 20-year agreement to deliver 2 million tons of liquefied natural gas…

Netflix is looking into ways to start generating revenue from its games, which may require a change in its streaming approach, writes the Wall Street Journal citing sources.

The Financial Times estimated that JPMorgan Chase & Co. made approximately $38.9 billion, or 18% (nearly a fifth) of all profits made by U.S. banks between January and September.

SoftBank's stock added 7% in Tokyo after SoftBank and T-Mobile announced a deal. The Japanese investment group will receive 48.75 million shares valued at $7.6 billion at no additional expense.

Lions Gate Entertainment Corp. (Lionsgate), a media firm based in the United States, plans to go public by merging with Screaming Eagle Acquisition Corp., a publicly traded specialty mergers and…

The business did not receive a single order for its functional, actual system for extremely quick passenger tunnel transportation.

Furniture maker IKEA issued a warning about potential delays to its supply chain and unavailability of certain products in shops as a result of logistical issues brought on by attacks…

Axios claimed, citing unnamed sources, CEOs of Paramount Global and Warner Bros. Discovery (WBD), the US media holding companies, explored the possibility of merging their businesses.

Petroleos de Venezuela SA (PDVSA), the state-owned Venezuelan oil corporation, and the Curaçao Refinery (Refineria di Korsou, RDK) have signed an agreement to reestablish financial and commercial ties.

According to Bloomberg, the Saudi low-cost airline Flynas hired Goldman Sachs Group Inc., Morgan Stanley, and Fransi Capital to help arrange its initial public offering (IPO), which is scheduled to…

Nippon Steel, the biggest steelmaker in Japan, has declared its intention to acquire US Steel, according to the NHK TV channel.

Amazon received support from the Court of Justice of the European Union in its disagreement with the European Commission over tax avoidance.

The UK's Competition and Markets Authority (CMA) has started an investigation into Unilever in order to determine whether the company’s statements on the environmental friendliness of its products are accurate.

According to Bloomberg, social network X, formerly known as Twitter, is estimated to bring in roughly $2.5 billion this year—a decrease of more than a third to the previous year…

The French rival of OpenAI, Mistral AI, has raised €385 million in a financing round. Because of this, the firm, which was founded less than a year ago, is now…

The US-based technology solutions provider Carrier Global Corp. and Honeywell International Corporation have signed an agreement to sell Carrier Global Corp.'s security division for $4.95 billion.

Woodside Energy and Santos, two Australian producers of oil and gas, are in merger talks.

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.

By 2026, Toyota Motor will sell 15 different zero-emission car and light truck models in Europe, the firm announced in a statement.

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,…

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…

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…

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.

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.

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 terms will resemble those from July, when SpaceX agreed to sell shares for up to $750 million, according to the New York Post.

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 National Bank of China stated that Mastercard NUCC Information Technology Co.'s application to perform bank card clearing operations in the nation has been approved by the People's Bank of…

US-based Mars Inc. will purchase British luxury chocolate manufacturer Hotel Chocolat Group Plc for £534 million ($662 million).

PepsiCo, a maker of soft drinks and snack foods, has been charged by New York State officials with contaminating the Buffalo River and endangering locals and wildlife.

U.S. billionaire Warren Buffett's investment firm Berkshire Hathaway Inc. entirely divested General Motors Co. (GM) shares in the third quarter, along with several other blue-chip companies like Procter & Gamble…

The French Court of Cassation finalized UBS's 2021 conviction for tax fraud and unlawful campaigning, writes Agence France-Presse.

During the shopping festival for Bachelor's Day (Nov. 11), which is China's version of Black Friday, the Chinese manufacturer of smartphones and other consumer electronics Xiaomi broke records for online…

The largest public pension fund in the United States, California Public Employees' Retirement System (Calpers), reduced its holding in Oracle Corp. during the third quarter and grew its position in…

De Beers' sales fell to $80 million in its ninth sales cycle this year, according to Anglo American plc, which owns De Beers.

Foxconn, the world's largest iPhone manufacturer, saw its sales fall in October when China initiated an investigation into the company.

Despite its revenue rising by 4% and exceeding market expectations, the British pharmaceutical giant GSK Plc (previously GlaxoSmithKline) reduced its net profit almost tenfold in the third quarter of 2023.

Toyota's largest battery facility outside of Japan will get an additional investment of almost $8 billion, the company's North American division announced in a news statement.

A $100 million deal has been signed by the British energy corporation BP Plc to purchase Tesla's rapid charging stations for electric vehicles.

Kokusai Electric, a Japanese manufacturer of semiconductor equipment, saw a 28% increase in shares on the first trading day after its initial public offering (IPO) on the Tokyo Stock Exchange,…

The January 2023 announcement of the merger of the European assets of Turkey's Arcelik with US-based Whirlpool Corp. was accepted by the European Commission.

The largest sovereign wealth fund in the world, Norway's Sovereign Pension Fund (also known as the Oil Fund), reported a loss for the third quarter of 2023.