Companies & CEOs

Ford will sell 8 million shares in electric car maker Rivian after its stock gets out of the lockup this Sunday, May 8, sources told CNBC.

American Illumina, which develops genome analysis technology, was ordered to pay $333 million to a division of its Chinese competitor, BGI Group.

Brazilian oil and gas giant Petrobras posted a net profit attributable to company shareholders of $8.648 billion in the first three months of 2022, a 43-fold increase on the previous…

Elon Musk has received $7.14 billion in funding to buy Twitter from a group of investors including the largest cryptocurrency exchange Binance, Qatar Holding, Tesla board member Larry Ellison and…

Exxon Mobil has reached an agreement to sell its Romanian subsidiary Exxon Mobil Exploration and Production Romania to local company Romgaz for more than $1 billion, according to a press…

The EU accused Apple of abusing its dominant position in the market because of the payment service Apple Pay.

Investors sued Credit Suisse. The bank and its managers are accused of failing to disclose all risks from business related to the sanctioned Russian billionaires.

According to Bloomberg, the Abu Dhabi National Oil Business (ADNOC) has purchased a 25% share in the Austrian chemical company Borealis AG from the Emirati investment group Mubadala Investment. The…

Boeing Co., based in the United States, one of the world's major producers of aircraft, spacecraft, and military equipment, reported a net loss of $1.242 billion in the third quarter,…

General Electric Co. (GE), a diversified technology firm based in the United States, reported a roughly five-fold drop in first-quarter loss, according to the company's financial records.

The board of directors of Alphabet, the parent company of Google, has approved a $70 billion buyback from investors.

According to the United Kingdom and Hong Kong-based HSBC Holdings plc, the bank saw its first-quarter net profit drop 26.8% to $3.443 billion from since 2021.

China's second-largest cellphone maker Honor Device Co. is seeking new sources of financing ahead of an IPO in 2022, Bloomberg says.

According to papers on the US Securities and Exchange Commission's website, Elon Musk, the American entrepreneur and founder of SpaceX and Tesla, is willing to pay $46.5 billion for Twitter…

US electric car maker Tesla resumed production at its Shanghai plant on Tuesday after city authorities issued guidelines to restore production after a general lockdown due to the largest COVID-19…

Net income of the U.S. banking giant Bank of America Corp. (BofA), which is attributable to shareholders, fell 12.7 percent in the first quarter compared with the same period last…

In March, Boeing Co. received 53 orders for the supply of aircraft against 37 orders in February.

The world's largest independent oil trader Vitol Group intends to completely stop selling oil and petroleum products from Russia, the Bloomberg agency reports with reference to the company's representative.

Due to withdrawal from Russian suppliers, the largest aircraft manufacturers began to buy titanium from Japan, writes Bloomberg.

Oil company director in the U.S. blamed Biden for rising gasoline pricesHead of Canary: gasoline prices have been rising throughout the entire U.S. administration of Biden.

According to Bloomberg, which cites persons familiar with the issue, the United States and members of the International Energy Agency (IEA) plan to transfer 240 million barrels of oil from…

Losses of JP Morgan Chase, one of the world's largest investment banks, due to Russia's military operation in Ukraine could amount to about $1 billion, the bank's head Jamie Dimon…

Chinese online clothing retailer Shein is preparing for an investment round in which the company could be valued at $100 billion, Bloomberg reported citing knowledgeable sources.

Bloomberg reports that total profit of US corporations climbed by 35% in 2021, according to data from the US Department of Commerce.

Swiss company Zurich Insurance dropped the "Z" logo due to possible "misinterpretation".

Reaching a new agreement on Iran's nuclear program is "a matter of days," said European Union High Representative for Foreign Affairs and Security Policy Josep Borrell.

India's state-owned Indian Oil Corporation (IOC) on Wednesday bought 3 million barrels of Russian Urals crude and 2 million barrels of West African crude in a tender with delivery in…

Airbus, the aircraft manufacturer, said it is sourcing titanium directly from Russia as well as other countries, Reuters reported.

International rating agency Moody's has upgraded the issuer rating of Japanese electronics manufacturer Sony to 'A3' from 'Baa1' with a stable outlook, the agency said in a statement.

Credit Suisse has asked investors to destroy documents relating to the yachts and private jets of its wealthy clients, says the FT.

Target Corporation, one of the country's top retailers, announced that its revenue for 2021 will hit a new high of $106 billion.

BP's stock dropped more than 8% in premarket trading, the biggest loss in three months.

According to Warren East, the business's executive director, the British manufacturer will temporarily stop buying Russian titanium, which is used to make aircraft engines.

Alibaba Group shares plunged more than 4% to an all-time low of HK$108.9 February 22, after Bloomberg reported a new round of government pressure on the company.

Nestle SA, one of the world's biggest food and beverage makers, saw its net profit rise 38.2 percent to 16.9 billion Swiss francs ($18.3 billion) in 2021, the company said…

Meta (formerly Facebook) received permission to buy chatbot developer Kustomer for $1 billion. The deal was announced back in November 2020, but was thwarted by a lawsuit from authorities accusing…

U.S. Intel is buying Israeli semiconductor maker Tower Semiconductor for $5.4 billion, Intel said in a statement.

The Peruvian authorities have fined the Spanish company Repsol for $120,000 in connection with an oil leak at its refinery, the Peruvian Ministry of the Environment reported.

Shares of Swiss bank Credit Suisse fell 9.29 percent Thursday, Feb. 10, after it reported a loss in 2021 caused by increased provisions for litigation.

Danish maritime container carrier A.P. Moller-Maersk A/S will acquire Pilot Freight Services (Pilot) for $1.68 billion, according to Moller-Maersk’s press release.

Japan's Toyota Motor Corp. net income for the nine months (April 1 to December 31) of the fiscal year 2021-2022 rose 45 percent year on year to 2.316 trillion yen…

Japanese electronics giant Toshiba Corporation will split into two companies instead of three as previously planned, the company said.

Swiss bank Credit Suisse securitized loans to billionaires for yachts and business jets. It sold some of the risks associated with $2 billion in such loans to hedge funds at…

Amazon and Nike began to consider buying home fitness equipment manufacturer Peloton, the WSJ and FT learned. On the back of this news, the company's shares rose 26%.

The most profitable oil company in the world, Saudi Aramco, may additionally float shares worth $50 billion, the WSJ learned. At the current valuation, this is equivalent to 2.5% of…

Sony's market value has fallen by $25 billion since the beginning of the year because of a shortage of chips for the PS5 game console. The pressure on the share…

Softline Group, a provider of integrated technology solutions and information technology services, has announced an increase in its buyback programme from $10 million to $100 million, the company said in…

US electric car maker Tesla will recall 53,822 vehicles produced between 2016 and 2022 due to a bug in its autonomous driving software that concerns braking in front of a…

Sony Group's video game subsidiary, Sony Interactive Entertainment (SIE), will buy game developer Bungie for $3.6 billion, according to an SIE release.

Chevron, the second-largest US oil and gas company, posted a net profit of $15.625 billion last year after a loss of $5.543 billion a year earlier, the company said in…