BlackRock to buy HPS Investment for $12 bn in major private credit pushBlackRock plans to acquire HPS Investment Partners for about $12 billion in an all-stock deal to expand its presence in the burgeoning priv...
03 Dec, 2024, 05.07 PM IST
Swedish EV maker Polestar plans to enter seven markets in 2025Polestar plans to expand into seven new markets in 2025 to boost sales and counter a 40% drop in deliveries in Q1, aiming to reach 155,000-...
17 Jun, 2024, 05.44 PM IST
Spotify names senior Saab executive Christian Luiga as finance chiefSpotify appointed Christian Luiga as CFO, focusing on profit growth through layoffs and price hikes. The company aims to expand into podcas...
04 Apr, 2024, 06.53 PM IST
Oracle tumbles as tepid forecast fans cloud growth concernsOracle on Monday blamed supply constraints for the weak results, with CEO Safra Catz saying that demand for the company's generative AI and...
12 Dec, 2023, 09.32 PM IST
Crypto stocks set to start December on high note as bitcoin hits near 19-month highBitcoin, up 1.6% at $38,337, has been gaining since October on optimism that a potential approval of a spot exchange-traded fund is likely ...
01 Dec, 2023, 08.45 PM IST
Disney names PepsiCo veteran Hugh Johnston as CFOWalt Disney has appointed Hugh Johnston, a PepsiCo veteran, as its new chief financial officer (CFO). Johnston, who serves on the boards of...
06 Nov, 2023, 08.38 PM IST
Once worth $47 billion, WeWork shares near zero after bankruptcy warningThe SoftBank-backed company has been in turmoil ever since its plans to go public in 2019 imploded after investors recoiled at its hefty lo...
10 Aug, 2023, 09.11 AM IST
WeWork shares sink after warning of bankruptcy riskThe SoftBank-backed company, valued at just $446.8 million as of last close, has been in turmoil ever since it filed its IPO paperwork in 2...
09 Aug, 2023, 08.52 PM IST
HP to cut about 12% jobs by end of fiscal 2025The PC maker also forecast a lower-than-expected profit for the first quarter as it expects softness in both consumer and commercial demand.
23 Nov, 2022, 08.48 AM IST
European shares slip as Russian mobilisation rachets up uncertainty ahead of FedRussian President Vladimir Putin ordered a partial mobilisation of its 2 million-strong military reserves, in a significant escalation of t...
21 Sep, 2022, 02.03 PM IST
European shares slip ahead of inflation dataThe continent-wide STOXX 600 was down 0.1%, hovering near one-week lows.Miners and banks led losses, while energy stocks rose 0.4% as crude...
18 Aug, 2022, 01.53 PM IST
European shares open lower as U.S. inflation data looms; Ahold jumpsA higher-than-expected U.S. Consumer Price Index report for July could spook markets, which are already expecting a high chance of a 75 bas...
10 Aug, 2022, 01.58 PM IST
European shares bounce as cyclicals, growth stocks find footingThe pan-European STOXX 600 index added 0.8%, steadying after snapping two weeks of gains on Friday.Miners, technology and autos, among the ...
08 Aug, 2022, 01.50 PM IST
Donald Trump stepped down as director of his media group last month, shows filingThe document from the Florida Department of State Division of Corporations, dated June 8, also showed that Donald Trump Jr and Kashyap Pate...
08 Jul, 2022, 08.10 AM IST
FACTBOX: Tesla's Elon Musk sells shares worth nearly $12 billion in a monthMusk did not outline if he was intending to offload 10% of his shares he indirectly owned through the trust or if his stock options were al...
10 Dec, 2021, 11.10 AM IST
Tesla delivers record 201,250 vehicles in Q2, beats analysts' estimatesAnalysts had expected the electric-car maker to deliver 200,258 vehicles, according to Refinitiv data.
02 Jul, 2021, 06.42 PM IST
Home-selling platform Opendoor closes higher in Nasdaq debutOpendoor, which earlier this year had agreed to combine with Palihapitiya's Social Capital Hedosophia II, closed at $31.25, up from Social ...
22 Dec, 2020, 07.57 AM IST