International Companies
Corteva buys biologicals outfit Stoller for $1.2bn in cash
Corteva inked a deal to acquire biologicals outfit Stoller for $1. 2bn in cash.
State Street pulls out of Brown Brothers Harriman deal
State Street pulled out of its proposed acquisition of Brown Brothers Harriman Investor Services, by mutual consent, following regulatory feedback.
H&M to axe 1,500 jobs as it looks to cut costs
Swedish fashion retailer Hennes & Mauritz said on Wednesday that it will axe 1,500 jobs as it looks to cut costs and boost efficiency.
Goldman to move some of its London traders to Milan - report
Goldman Sachs is reportedly shifting some of its euro swaps trading desk to Milan from London.
Nestle nudges full-year sales guidance higher
Nestle increased its full-year sales forecast on Tuesday, and confirmed it was reviewing the future of its peanut allergy unit, just two years after acquiring the business.
BlockFi files for bankruptcy
Cryptocurrency lender and financial services firm BlockFi has filed for bankruptcy, becoming the latest company in the industry to go under following the implosion of embattled exchange FTX.
Chinese turmoil could lead to 6m unit shortfall in iPhone Pro production
Unrest at tech giant Apple's primary manufacturing hub in Zhengzhou will likely result in a production shortfall of almost 6. 0m iPhone Pro units this year.
Amazon's UK tax bill could jump as much as £29m
Retail giant Amazon could see its tax bill jump by as much as £29. 0m in 2023 due to changes to business rates scheduled to come into effect across the UK.
Jaguar Land Rover to cut production as chip shortage continues
Ongoing supply chain issues are seeing Jaguar Land Rover cut its UK production, it emerged on Friday, for at least three months.
Closure of Twitter office raises regulatory concerns in Brussels
Fresh concerns over Twitter’s ability to comply with stringent European Union regulation emerged on Thursday, after it emerged that its entire Brussels office had left the company.
Credit Suisse slides on warning of £1.3bn loss
Shares in Credit Suisse were sliding on Wednesday morning, after the banking giant warned of a loss of CHF 1. 5bn (£1. 32bn) as a result of wealth management outflows.
Watchdog targets Apple, Google as it launches mobile browser probe
The competition watchdog has launched an investigation in cloud gaming and mobile browsers, it was confirmed on Tuesday.
Oil prices slide as Saudi Arabia reportedly mulls output hike
Oil prices were being pushed lower on Monday afternoon, on reports that Saudi Arabia and its OPEC allies were mulling an increase in output.
BoE official calls for tighter crypto regulation
A senior Bank of England official has called for the cryptocurrency sector to be tightly regulated following last week’s collapse of FTX.
Merck to buy Imago BioSciences in $1.35bn deal
Merck has agreed to buy cancer drug developer Imago BioSciences in a $1. 35bn deal.
Shares spark as Disney brings back former head Bob Iger
Walt Disney Co is bringing back Bob Iger, its veteran former chief executive, less than a year after he retired.
Jaguar Land Rover sets its sights on laid off tech workers
Luxury carmaker Jaguar Land Rover has set its sights on out-of-work British tech workers as the company looks for assistance as it gears up to develop electric car technology.
Foot Locker lifts guidance after third-quarter earnings beat
Foot Locker beat Wall Street expectations on third-quarter profit on Friday, as well as an unexpected rise in same-store sales as the retailer lifted its full-year expectations.
Twitter locks out all staff - reports
Twitter has temporarily locked out all staff, it was reported on Friday, with offices not scheduled to reopen until Monday.
PTC to buy software firm ServiceMax for around $1.5bn
PTC said on Thursday that it has agreed to buy software firm ServiceMax for around $1. 46bn in cash from an entity majority owned by Silver Lake.