International Companies
Deutsche Bank makes staff cuts in investment banking arm - report
Deutsche Bank has reportedly laid off dozens of origination and advisory staffers within its investment banking division globally as fears of a recession stymie deal-making.
Twitter tumbles as US said to consider security review of Musk deals
Twitter shares tumbled in pre-market trade on Friday following a report that Biden administration officials are discussing whether the US should subject some of Elon Musk’s ventures to national security reviews.
AT&T Q3 earnings beat Wall Street estimates
Telecommunications company AT&T posted third-quarter revenue and earnings on Thursday, beating Wall Street estimates thanks to solid growth in subscriber numbers.
Ericsson quarterly earnings miss forecasts
Quarterly earnings at Sweden’s Ericsson came in below forecasts on Thursday, after the telecoms equipment specialist was knocked by higher costs.
Third-quarter sales surge at Hermes
Luxury goods brand Hermes International reported a surge in quarterly sales on Thursday, helped by strong demand in China.
Philip Morris sweetens bid for Swedish Match
Philip Morris International said on Thursday that it has sweetened its offer for smokeless tobacco company Swedish Match.
Procter & Gamble Q1 earnings beat estimates
US consumer goods giant Procter & Gamble posted better-than-expected first-quarter earnings and revenue on Wednesday.
Starboard said to have taken stake in Salesforce, shares jump
Salesforce shares rallied on Tuesday on a report that New York-based hedge fund Starboard Value has taken a stake in the cloud-based software company.
Eli Lilly to buy genetic medicine developer Akouos for $487m
Eli Lilly said on Tuesday that it has agreed to buy genetic medicine developer Akouos for $487m.
Goldman Sachs tops expectations with Q3 earnings
US banking giant Goldman Sachs topped expectations with its third-quarter revenue and profits on Tuesday thanks to a solid bond trading performance.
UK's CMA orders Facebook owner Meta to sell Giphy
The UK’s Competition and Markets Authority has ordered Facebook and Instagram owner Meta to sell gif creation website Giphy.
Third-quarter sales beat forecasts at Johnson & Johnson
Johnson & Johnson posted better-than-expected third-quarter numbers on Tuesday, bolstered by a strong performance at its pharmaceutical division.
Microsoft trims more jobs - report
US tech giant Microsoft has axed further jobs on the back of slowing revenues, it was reported on Tuesday.
Rio Tinto trims forecasts on weakening global economy
Rio Tinto trimmed its full-year production guidance on Tuesday, as the weakening global economic outlook weighed on the third quarter.
BNY Mellon posts better-than-expected Q3 earnings
Bank of New York Mellon surpassed analysts' estimates for its third quarter despite incurring in a goodwill impairment charge linked to its Investment Management reporting unit.
Billionaire rapper Ye to buy social media platform Parler
Parlement Technologies said on Monday that it has agreed to sell Parler - its free speech social media platform - to billionaire rapper and fashion designer Kanye West, who now goes by just Ye.
Credit Suisse agrees $495m payout
Credit Suisse has agreed to pay nearly $500m over claims it misled investors about mortgage-linked investments in the US.
BP snaps up Archaea Energy in $4.1bn deal
BP said on Monday that it has agreed to buy US renewable natural gas producer Archaea Energy in a $4. 1bn deal.
Bank of America Q3 profits drop
Banking giant Bank of America posted a drop in year-on-year profits despite witnessing better-than-expected fixed-income trading and improved interest income in Q3.
Goldman Sachs mulls merging investment bank and trading arms - reports
Goldman Sachs is poised to unveil a major overhaul, including merging its flagship investment banking and trading arms, it was reported on Monday.