Companies & CEOs

The credit card division of Goldman Sachs is under investigation by the U.S. Consumer Financial Protection Bureau.

BlackRock, the largest investment company in the world by assets, and Coinbase, the biggest cryptocurrency exchange in the US, declared that they had entered into collaboration.

Tencent Holdings Ltd. intends to raise its ownership of Ubisoft Entertainment SA, a French video game company. Thus, the Chinese gaming is once again refocusing on the world's video game…

French banking giant Societe Generale reported a net loss of €640 million in the first half of 2022 as opposed to a profit of €2.253 billion in the previous year.

The Chinese oil and gas firms CNPC and its subsidiary PetroChina's long-term issuer default rating (IDR) in both foreign and domestic currencies was affirmed by the international rating agency Fitch…

According to the Wall Street Journal, American cosmetics manufacturer Estee Lauder is in negotiations to acquire Tom Ford. The price of the purchase could reach $ 3 billion.

Stellantis Concern has withdrawn from joint production of Jeep vehicles in China because of concerns about future sanctions, CEO Carlos Tavares said.

According to Bloomberg News, activist investor Elliott is boosting his holdings in PayPal to help the firm reduce costs.

American company Meta invested $2.8 billion in its virtual reality branch Reality Labs during the quarter. The company's revenues decreased year over year by over 1 percent for the first…

Unilever's net profit dropped by 5%, to €3.2 billion, in the first half of the year.

Alibaba Group Holding, the largest Internet company in China, announced that it would perform an initial offering on the Hong Kong Stock Exchange.

There have been instances of child labor exploitation exposed at an Alabama-based subsidiary of the South Korean business Hyundai Motor, reports Reuters.

Amazon.com Inc. revealed that it would pay $3.49 billion to purchase One Medical. The entire transaction will be funded in cash.

France's TotalEnergies said in a press statement that it had entirely stopped working on its projects in Myanmar.

Beijing is getting ready to sanction Didi, a Chinese taxi aggregator, $1 billion for breaking rules regarding gathering and use of personal data. According to the WSJ, the penalty would…

The over-the-counter medicine division of the British pharmaceutical corporation GlaxoSmithKline (GSK) was separated into a new company.

Aston Martin, a British premium sports car maker, has agreed to raise £650 million from Saudi Arabia's Public Investment Fund (PIF).

In November and December, Daimler Truck will start assembling Mercedes-Benz electric buses in Brazil.

According to a statement from the firm, net income attributable to U.S. PepsiCo Inc. stockholders increased by 39.7% from the same period last year to $5.69 billion.

Rivian Automotive, a manufacturer of electric vans, pickup trucks, and SUVs, intends to reduce its staff by 5%. According to Bloomberg, 700 out of the more than 14,000 employees would…

According to Bloomberg, the German energy holding company Uniper turned to the German government for financial support. The corporation asked for almost €9 billion, which is more than twice its…

Alibaba, Tencent, and other internet behemoths have all received fines from China for breaking transparency laws. Tencent and Alibaba both received fines of over $896,000 and around $349,000, respectively.

The largest bank in Japan, Mitsubishi UFJ Financial Group (MUFG), will establish a special division called MUFG Trading, which will buy inventory from manufacturing firms that they are unable to…

The chief operational officer of the British low-cost airline EasyJet, Peter Bellew, announced his resignation. The reasons for the resignation are unknown, although as noted by newspapers, the leave is…

H&M, a Swedish apparel chain, released its results for the first half of 2022 and the second quarter.

The share repurchase plan for 2022 at Italy's Intesa Bank has been cut in half.

According to preliminary corporate data, the global diamond giant De Beers boosted its diamond sales for the fifth business cycle of this year (June 6 to 21) by 7.6 percent…

Following the announcement that US Kellogg will be divided into three firms, the company’s shares went up by 6.5%.

Ecuador's state-owned oil business, Petroecuador, has halted operations owing to a declaration of force majeure in the aftermath of the country's recent demonstrations.

Revlon, a cosmetics company, has filed for bankruptcy. Following the outbreak of the pandemic, the firm, which was formed 90 years ago, has seen a drop in sales.

Following the revelation that members of the boy band have opted to temporarily cease performing as part of the group in order to focus on separate careers, shares in South…

Apple's market value may not stay over $2 trillion, owing to investor worries that the Federal Reserve's increased interest rates will force the country's economy into recession, said Bloomberg citing…

Bucket Studio's stock increased by over 30% after Netflix announced the second season of its "Squid Game" series.

Bayer AG, a chemical firm, has won a lawsuit in Missouri, where a court dismissed a local resident's claim that the company's Roundup herbicide caused cancer in him.

Due to volatility in the commodity market caused by the events in Ukraine, the exchange company Trafigura was able to accomplish record oil and metal sales and conclude the first…

Net profit of the Spanish Inditex Group, one of the world's largest clothing and footwear retailers (brands Pull & Bear, Zara, Bershka, Massimo Dutti, Oysho, Stradivarius), nearly doubled in annual…

Kohl's, one of the major department store chains in the United States, has revealed that it is in the process of being sold to a holding company FRG.

Shares of Chinese cab service Didi jumped 56% at the premarket. Earlier, the WSJ reported that Beijing is wrapping up an investigation into the company, and its app could return…

According to the Financial Times, the British telecommunications provider Truphone will be sold for £1. The company is owned by Russian oligarch Roman Abramovich and his colleagues.

Japanese automobile concern Subaru suspends the work of its three plants in the Japanese prefecture of Gumma, Kyodo News Agency reported.

To settle a complaint over user privacy infringement, Twitter will pay a $150 million fine to the US Department of Justice and the US Federal Trade Commission.

Alibaba's net profit for fiscal year 2021-2022, which ended March 31, fell by 67 percent to $7.427 billion, according to the company’s press statement.

U.S. bank JPMorgan Chase forecasts that their all-digital bank, which opened recently, will be unprofitable in the coming years.

Robert Ford, the CEO of Abbott, has apologized to American families for the newborn formula shortfall. The shortage emerged after the company was forced to return a big batch of…

Walmart's consolidated net profit fell 24.8 percent year over year to $2.054 billion in the first quarter of fiscal year 2022-2023 (ending 30 April), according to a press statement.

The potential of forming a distinct electric car firm within the framework of an alliance with Japanese carmakers Nissan Motor and Mitsubishi Motors has not been ruled out by Jean-Dominique…

Saudi Aramco, the world's largest oil producer, stated that its net profit grew by 82 percent year on year to a record $39.5 billion in the first quarter of 2021.

Siemens AG reported a 23 percent drop in net profit for the first half of fiscal year 2021-2022, which ended on March 31, to €3.01 billion, according to the company’s…

US congressmen have demanded that JPMorgan and Goldman Sachs provide lists of clients trading Russian bonds.

Shares in Coinbase, the largest cryptocurrency exchange in the US, plummeted more than 15%. The company reported a decline in the number of active users and trading volume.