International Companies
Tesla to recall 1.6m cars in China over driver-assistance issue
Tesla is being forced by state regulators in China to "recall" 1. 6m cars to fix its driver-assistance technology – another blow to Elon Musk after Chinese rival BYD recently overtook the American firm as the world's biggest electric carmaker.
Peloton shares race higher on TikTok content deal
Shares in Peloton Interactive surged on Thursday in New York after the fitness equipment group inked a deal with TikTok to bring its workout content on to the short-form mobile video platform.
Walgreens Boots Alliance Q1 profits beat expectations, slashes dividend
Retailer Walgreens Boots Alliance reported higher-than-anticipated quarterly profits on Thursday as higher drug prices and cost-cutting efforts gave it a boost, while its move to almost half its dividend payout helped accelerate savings.
APA to buy Callon Petroleum in $4.5bn deal
US energy company APA Corp has agreed to buy smaller rival Callon Petroleum in a $4. 5bn all-share deal which includes Callon’s debt.
Xerox shares sink on restructuring plans to cut 15% of staff
Shares in Xerox Holdings dropped sharply on Wednesday morning in New York after the American digital printing and office solutions group unveiled a "reinvention and operating model evolution" which will see it cut 15% of its workforce.
Airbus in talks to buy Atos cyber unit for up to €1.8bn
French aerospace giant Airbus is in early discussions to purchase a big data and cyber business from Atos for up to €1. 8bn, the IT group announced on Wednesday.