International Companies
Advance Auto Parts tanks after cutting guidance
Advance Auto Parts tanked on Wednesday after the US car parts retailer slashed its quarterly dividend, cut its annual earnings guidance and posted weaker-than-expected first-quarter results.
Meta to limit ad data use to appease UK competition concerns
Meta Platforms has offered to make changes to the way it uses advertising data from other businesses, it was confirmed on Friday, as it looks to appease concerns flagged by the UK competition watchdog.
Facebook parent Meta launches third round of layoffs
Facebook parent Meta Platforms has launched its third round of layoffs, according to reports on Wednesday, as part of its ongoing cost-saving plan.
Apple announces multibillion-dollar deal with Broadcom
Apple announced a new multi-year, multibillion-dollar agreement with Broadcom on Tuesday to deliver 5G radio frequency components.
Lowe's cuts outlook on weaker DIY demand
American hardware retailer Lowe’s cut its full-year sales outlook on Tuesday on the back of weaker-than-expected DIY spending.
Shutterstock to buy Giphy from Meta for $53m
Shutterstock said on Tuesday that it has agreed to buy Giphy from Meta Platforms for $53m in cash.
Chevron to buy PDC Energy in $6.3bn stock deal
Chevron said on Monday that it has agreed to buy PDC Energy in an all-share transaction valued at $6. 3bn, or $72 per share.
PacWest Bancorp to sell $2.6bn of loans to Kennedy Wilson
PacWest Bancorp said on Monday that it has agreed to sell a portfolio of 74 real estate construction loans with an aggregate principal balance of around $2. 6bn currently outstanding to a subsidiary of Kennedy Wilson Holdings.
Ironwood agrees to buy VectivBio in $1bn deal
Ironwood Pharmaceuticals has agreed to buy Swiss biotech VectivBio Holding in a deal worth $1. 15bn.
JPMorgan ups forecasts on back of First Republic deal
JPMorgan Chase upped its annual forecast for net interest income on Monday, following its acquisition of failed lender First Republic Bank.
Meta fined record €1.2bn over data failures
Facebook owner Meta Platforms has been fined more than €1bn for breaching European Union rules on personal data, it was announced on Monday.
China bans US chipmaker Micron from key infrastructure projects
China has banned US chipmaker Micron Technology’s products from major infrastructure projects, claiming they pose a national security risk.
Ryanair swings back to profit amid recovery in travel demand
Low-cost airline Ryanair said in its full-year results on Monday that, despite a loss of €154m (£133. 87m) in the fourth quarter, it still swung to a full-year profit after tax of €1. 43bn, from the prior year's loss of €355m.
Morgan Stanley CEO Gorman to step down in the next year
Morgan Stanley’s chief executive officer announced on Friday that he will be stepping down in the next year.
Foot Locker slashes FY guidance, shares tumble
Foot Locker shares tumbled on Friday after the retailer cut its annual sales and profit guidance as it reported a drop in first-quarter sales and net income.
Walmart tops expectations in strong first-quarter earnings
Retail giant Walmart reported robust revenue and operating income growth in its first-quarter earnings on Thursday, topping market expectations.
Target tops first-quarter forecasts but warns of Q2 weakness
Discount department store giant Target Corporation reported positive first-quarter sales growth on Wednesday despite a challenging business environment, although it warned of a likely weaker second quarter.
Horizon Therapeutics tanks as FTC expected to challenge Amgen deal
Horizon Therapeutics tumbled in pre-market trade on Tuesday following a report that its $27. 8bn takeover by Amgen will be challenged by federal regulators.
Home Depot revises full-year guidance after negative first quarter
Home Depot, the world's largest home improvement retailer, reported a decline in both sales and earnings in its first quarter on Tuesday, and lowered its guidance for the full financial year.
TPG snaps up Angelo Gordon in $2.7bn deal
US private equity firm TPG Inc is to buy debt manager Angelo Gordon in a $2. 7bn deal, it was confirmed on Monday.