Companies & CEOs

According to Bloomberg, Mukesh Ambani's conglomerate Reliance Industries Ltd. is close to acquiring Walt Disney Co.'s Indian operations.

One of the biggest producers of cosmetics worldwide, L'Oreal SA of France, reported in a press release that third-quarter sales rose 4.4% year over year to €10 billion.

X (former Twitter) started experimenting with a new subscription plan.

According to a statement posted on the US Securities and Exchange Commission (SEC) website, US Microsoft Corp. has completed the acquisition of Activision Blizzard.

Three major American banks, JPMorgan Chase, Wells Fargo, and Citigroup, saw a considerable increase in profit during the quarter. Analysts say this shows that big banks and the US economy…

The UK's Financial Reporting Council (FRC) penalised KPMG for £21 million ($25.8 million) for significant irregularities in the audit of the now-defunct Carillion, the regulator said in a statement.

According to CNBC, Walt Disney Co., the largest media and entertainment firm in the world, raised the cost of passes and tickets to Disneyland and Disney World parks on October…

The subsidiary of the British bank HSBC Plc in China purchases the Chinese retail wealth business of Citigroup Inc., announced the parties to the transaction.

The restructured Scandinavian airline SAS AB will now have a 19.9% interest owned by Air France-KLM, with the possibility of an eventual controlling stake.

Eli Lilly and Co., a US pharmaceutical company, is paying $1.4 billion to acquire Point Biopharma Global Inc., a producer of radiopharmaceuticals.

Macy's Inc. aims to establish up to 30 small stores within the next two years as the majority of the chain's shops are located in big shopping malls with falling…

According to the annual study of Brand Finance, American sporting goods producer Nike Inc. has once again risen to the top of the list of the most costly brands worldwide…

The owner of the largest US chain of club warehouse stores, Costco Wholesale Corp., has begun selling gold bars that are one troy ounce in weight, writes CNBC.

The consulting firm McKinsey has agreed to pay $230 million in order to resolve claims of municipalities and school districts in the proceedings on the conditions of the opioid epidemic.

Numerous wind energy project delays have occurred this year in the UK, the Netherlands, and Norway, writes Reuters citing industry officials, investors, and specialists.

According to the Press Trust of India, which cited anonymous sources in the Indian government, U.S. Apple Inc. aims to boost its production in India by more than five times…

The European Commission fined Intel Corp. due to its misuse of the dominating position in the computer chip industry. The news fine was lowered to €376.36 million.

2,086 persons were affected by the loss of cash at the Hong Kong cryptocurrency exchange JPEX, reports RTHK radio station in Hong Kong.

The American Walt Disney Co. intends to speed up and expand expenditures in the Disney Parks, Experiences, and Products (DPEP) market area.

Western companies that continue to do business in Russia gained more than $18 billion in profits in 2022. However, Russia had frozen these cash, The Financial Times writes.

The group revealed plans to introduce engagement rings with lab-grown synthetic diamonds in 2018.

One of the biggest apparel retailers in the world, Spain's Industria de Diseno Textil SA (Inditex), saw a 40% increase in net profit and a 13.5% increase in revenue in…

Qualcomm Inc. will continue to provide Apple Inc. with modem systems for the iPhone for at least another three years.

According The Wall Street Journal sources, US food producer J.M. Smucker Co. stated that it would pay $4 billion to acquire Hostess Brands, a maker of baked goods.

The amount of the deal is still unknown.

According to Reuters, which cited its own sources, Arm plans to set the opening price of its shares as part of the initial public offering on Nasdaq in the region…

6.8 million of them will be produced overseas and 3.4 million will be made in Japan.

According to Patrik Ducrey, the organization's director, the Swiss Competition Commission (Weko) is reviewing the terms of UBS's acquisition of Credit Suisse.

The company had previously submitted an application to start trading its shares again on the Hong Kong Stock Exchange on August 28.

The protests are planned as demonstrations at two locations in Wheatstone and Gorgon.

The gas business stated that the annual delivery might reach 800,000 tons.

UK-based chip maker Arm has submitted a registration statement for an initial public offering (IPO) on the Nasdaq exchange.

The assets of gold exchange-traded funds have increased by at least 2.8 thousand tons since March 2020.

According to APA Corporation's CEO John Christman, the company "looks forward to government support to continue expanding its presence in the Egyptian market."

6.9% price reductions were introduced in the premium S and X model categories, the newspaper claims.

UBS has agreed to pay $1.435 billion to resolve claims from the United States that it deceived investors into purchasing problematic mortgage-backed securities.

Sega is one of Japan's top producers of video games and associated technology.

According to Reuters, Japan's SoftBank Group is in discussions with Amazon about becoming an anchor investor in the Arm semiconductor company.

According to sources cited by the Financial Times newspaper, major Chinese companies are rushing to purchase chips from US manufacturer Nvidia, having already placed orders for $5 billion in total.…

According to Handelsblatt, the German government anticipates contributing €5 billion to help with the plant's construction.

The operational profit for the most recent quarter at Berkshire Hathaway, owned by Warren Buffett, surpassed $10 billion for the first time.

In the second quarter, the German airline Lufthansa saw a 17% increase in sales to €9.4 billion and a 240% increase in net profit, to €881 million. The outstanding performance…

Uniper, the German energy company, plans to invest over €8 billion in renewable energy by 2030.

Lufthansa’s affiliate Eurowings alone had to cancel 55 flights in just three days.

The European Commission has launched an investigation into Microsoft in response to a complaint from Slack. The latter said that the company was abusing its dominant position by forcing its…

International diamond mining company De Beers reported preliminary data showing a 10.1 percent decrease in diamond sales to $410 million in the sixth business cycle of the current year (July…

The collaboration between the two businesses includes, among other, joint development of an electric sedan and a SUV for China's middle class.

Spotify's stock dropped by 15% following the release of its second quarter report. The streaming service reported both rising revenue and customer growth, but the company’s net loss increased to…

According to the agency, these numbers are about in line with those from the previous year.

Once the deal is completed, TotalEnergies will have access to the Turkish company's hydroelectric assets, which have a total capacity of 166 MW.