International Companies
Court overturns Apple's appeal of UK mobile markets probe
The Court of Appeal has upheld the Competition and Markets Authority’s (CMA) decision to initiate a market investigation into mobile browsers and cloud gaming.
Ford trims full-year profits outlook
Ford Motor Co trimmed its full-year guidance on Thursday, after a costly labour dispute dented profits.
GM to return 'significant' amount of capital to shareholders, reinstates FY guidance
Automotive giant General Motors revealed on Wednesday that it will return a "significant" amount of capital to shareholders and hike its quarterly dividend as it looks to put recent strikes behind it.
Foot Locker Q3 beat lifts sporting goods stocks
Shares in sporting goods retail and manufacturing sectors across the US and Europe were rising on Wednesday after Foot Locker beat earnings expectations and guided to better-than-estimated sales in the pivotal fourth quarter.
German inflation falls by more than expected
German inflation eased in November to the lowest level for more than two years, official data showed on Wednesday.
UK watchdog puts Adobe's $20bn Figma deal into regulatory limbo
UK watchdog the Competition and Markets Authority has provisionally ruled that Adobe's $20. 0bn deal to buy Figma would likely harm innovation for software used by the vast majority of British digital designers.
Australia's Adore Beauty rejects takeover proposal from THG
Australia’s Adore Beauty confirmed on Monday that it had rejected a takeover proposal from British ecommerce group THG.
Blackstone to buy UK software developer Civica
Asset manager Blackstone confirmed on Wednesday that it has agreed to buy software developer Civica from Partners Group for an undisclosed sum.
Thyssenkrupp swings to annual loss after €2.1bn steel write-down
Shares in Thyssenkrupp surged in Frankfurt on Wednesday despite the German engineering giant taking a huge €2. 1bn write-down on the value of its steel division, as it booked its first ever positive annual free cash flow before mergers and acquisitions.
Sam Altman to return as OpenAI CEO
OpenAI co-founder Sam Altman will return to the firm as chief executive a matter of days after he was ousted by its board.
Chinese regulators conditionally approve Broadcom-VMWare merger
China has provided a list of conditions that must be met in order for it to give its tick of approval for Broadcom's $69. 0bn merger with software maker VMware.
Merck to buy Caraway Therapeutics for up to $610m
Merck said on Tuesday that it has agreed to buy preclinical biopharmaceutical group Caraway Therapeutics for up to $610m.
Kohl's comparable sales continue decline in third quarter
Kohl’s reported a 5. 2% decrease in net sales in its third quarter on Tuesday, amounting to $3. 8bn, with the retailer’s comparable sales decline continuing, down 5. 5%.
Dick's Sporting Goods lifts FY outlook, shares jump
Dick’s Sporting Goods lifted its full-year outlook on Tuesday following a "strong" third quarter.
Lowe's flags bigger sales decline than previously expected
Shares in US home improvement retailer Lowe’s were in the red in premarket trading on Tuesday after it forecasted a more significant sales decline than previously expected despite a substantial rise in earnings.
Italy offloads 25% stake in Monte dei Paschi
Shares in Banca Monte dei Paschi di Siena dropped on Tuesday morning in Milan after the Italian government offloaded a 25% stake in the banking group.
McDonald's buys back large stake in Chinese operations
McDonald's is buying back a large stake in its Chinese operations as it looks to simplify its corporate structure and take advantage of future growth potential, just six years after selling off a majority holding.
Bullish buys CoinDesk for undisclosed sum
Cryptocurrency exchange Bullish said on Monday that it has bought CoinDesk from Digital Currency Group for an undisclosed sum.
Julius Baer shares drop on weak profit guidance
Shares in Julius Baer tanked on Monday after the Swiss private-banking group warned that annual profits would fall short of last year.
Microsoft hires ousted OpenAI CEO Sam Altman
Tech giant Microsoft has hired ousted OpenAI chief executive Sam Altman to head up its new advanced AI research team.