Companies & CEOs

Amex, a top player in the U.S. credit card industry, saw a 2% rise in net profit and an 8% increase in revenue during the third quarter, reaching an all-time…

General Motors, a U.S. car manufacturer, is set to form a partnership with Lithium Americas Corp, a mining company based in Canada, and will inject $625 million into the collaboration.

The Climate Pledge Fund from Amazon has spearheaded a $500 million investment in X-energy, a company working on small modular reactors (SMRs), as per X-energy's press office.

The Swiss financial regulator has mandated UBS to revise its contingency plan (living will) due to the increased risk from acquiring Credit Suisse last year.

BlackRock Inc., the largest investment company globally in terms of assets under management, saw a 2% rise in net profit and a 15% increase in revenue during the third quarter.

According to the annual Best Global Brands ranking compiled by Interbrand Corp, Apple has maintained its position as the most expensive brand in the world for twelve years in a…

Samsung Electronics announced in a preliminary report that it recorded revenue between 78 and 80 trillion won ($57.9-59.3 billion) in the third quarter of 2024. The growth is expected to…

Warren Buffett's investment firm Berkshire Hathaway keeps cutting its holding in Bank of America Corp. as reported by MarketWatch.

KLM, the Dutch airline, has stated its plans to reduce expenses, sell off certain investments, and explore the possibility of selling assets in order to make lasting improvements to its…

Microsoft Corp. plans to invest €4.3 billion in the next two years to enhance its infrastructure for cloud and AI development in Italy.

Analysts at Goldman Sachs anticipate that the strike on the Atlantic coast ports in the USA will have a minimal impact on the country's GDP but will negatively affect retailers…

In the third quarter, Tesla, an American company, saw a 6.4% rise in deliveries compared to the previous year, reaching 462.89 thousand electric cars, as stated in the company's official…

According to sources familiar with the matter, Boeing Co. may raise a minimum of $10 billion by issuing new shares, as stated by Bloomberg.

TotalEnergies of France is acquiring a 45% interest in the Eagle Ford Basin dry gas project in Texas from Lewis Energy Group, a US company.

The Financial Times reports that the US FBI is investigating Hone Capital, a California-based venture capital fund financed by Chinese money, to determine if it has obtained trade secrets from…

Swisscom announced that the European Commission has given its approval for Swisscom to acquire Vodafone's Italian division for €8 billion.

According to the Financial Times, the SRC Rare Earth Processing Facility is set to start operating in Saskatoon, Saskatchewan this week.

Inspire Investing Inc., an investment advisor specializing in 'biblically responsible investing', was penalized by the SEC for not meeting the required standards.

United States Steel Corp. provided a positive financial forecast for the third quarter and expressed continued confidence in obtaining the required approvals for its acquisition by Japan's Nippon Steel. The…

NTPC Green Energy, a subsidiary of India's government-owned power company NTPC, intends to generate as much as 100 billion rupees ($1.2 billion) through an IPO, according to Bloomberg's report.

BP Plc announced that it is selling its wind energy business in the United States, known as BP Wind Energy, according to a statement.

U.S. car manufacturer Ford Motor Co. has submitted a patent application for a system that monitors car journeys, eavesdrops on passenger discussions, and displays relevant audio ads or commercials on…

Chinese officials have prohibited audit company PwC from operating in the nation for half a year and imposed a penalty of 440 million yuan ($62 million) on the firm as…

The UK's Competition and Markets Authority (CMA) has determined that the merger between Vodafone UK and Three UK could result in a notable reduction in competition within the UK market.

Reuters reports that Samsung plans to lay off up to 30% of workers in several of its overseas units, citing three sources.

Volvo Cars, a Swedish car manufacturer, announced on Wednesday that it will not achieve its target of completely switching to electric cars by 2030, citing factors such as the limited…

Nokia Corp, a Finnish telecom equipment maker, has agreed to a five-year deal with the American telecom company AT&T Inc.

Halliburton Co. stocks decreased by 1% in early morning trading on Tuesday due to the adverse effects of a cyberattack revealed last month, according to the U.S. oilfield services company.

The Financial Times reports that Cathay Pacific Airways Ltd., a major airline based in Hong Kong, is conducting inspections on all its Airbus A350 planes due to an engine issue…

According to sources, Intel Corp. is in talks with investment banks to explore different strategies to address business challenges, as reported by Bloomberg.

The Public Investment Fund (PIF) of Saudi Arabia has signed a deal with a consortium of banks to establish a $15 billion revolving credit facility.

Nvidia Corp, a U.S. company that specializes in graphics processors, experienced a significant increase in both net income and revenue during the second quarter of its fiscal year. Additionally, the…

Ikea from Sweden is preparing to introduce a digital platform where customers can trade the company's second-hand furniture with one another.

American International Business Machines (IBM) ends research and development operations in China and lays off over 1,000 workers, reports South China Morning Post (SCMP).

According to Axios, the campaign for US Vice President Kamala Harris has gathered over $500 million since it began.

Kioxia Holdings Corp, a Japanese microchip manufacturer, has submitted papers for a large public offering on the Tokyo Stock Exchange, the biggest in 2024, reports the Financial Times.

The UK's Financial Conduct Authority (FCA) for the first time imposed a fine on an audit firm due to its failure to report suspicious fraudulent behavior by a client, writes…

The Philadelphia Court of Appeals has decided in the favor of German chemical company Bayer in a legal case involving the Roundup herbicide.

Indian company Ola Electric Mobility set the price of its IPO at 61.46 billion Indian rupees ($732 million), valuing the company at $4 billion. The country had not seen an…

Saudi Aramco is intending to boost gas output in the country, focusing on the Jafurah shale gas field in the coming years. However, there are currently no specific plans to…

According to trading data, Airbnb shares dropped by 14.7% to $111.27 when trading began on the Nasdaq exchange on Aug. 7. The stocks experienced a decrease of over 16% during…

SunPower Corp, a solar panel manufacturer based in the U.S., has submitted documents to initiate the process of filing for bankruptcy under Article 11 of the U.S. Bankruptcy Code, as…

The social network TikTok is being sued by the US Department of Justice for allegedly unlawfully collecting children's data, reports The New York Times.

Chevron Corp., one of the biggest oil companies in the U.S., is relocating its headquarters from San Ramon, California, to Houston, Texas.

Boeing Co. declared Kelly Ortberg as its new CEO.

According to the Financial Times, US company Meta has agreed to pay $1.4 billion to Texas authorities to resolve allegations that it improperly acquired biometric data from millions of individuals.

According to Bloomberg, which cites sources, US-based Apple Inc. has postponed the release of its artificial intelligence (AI) platform Apple Intelligence on its smartphones and now intends to do so…

Eni, an Italian corporation, hopes to generate 3 million tons of LNG annually from its Congo project by the end of 2025, according to the company’s CEO Claudio Descalzi during…

Over 70 million smartphones were shipped into China in the second quarter, a 10% rise over the same period the previous year. U.S. Apple Inc. dropped out of the top…

The largest initial public offering (IPO) of the year was $4.4 billion, held by U.S. real estate investment trust Lineage Inc., which is the largest owner of temperature-controlled industrial properties…