November 7, 2023
“…The bankruptcy filing is limited to WeWork’s locations in the U.S. and Canada, the company said in a press release. WeWork reported liabilities ranging from $10 billion to $50 billion, according to an initial filing… WeWork shares had fallen to… Continue Reading…
November 7, 2023
“Intel stock closed up 9.3% on Friday after the company beat Wall Street expectations for profit and sales. On Thursday, the chipmaker reported earnings per share of 41 cents, adjusted, versus the LSEG estimate of 22 cents. It posted $14.16 billion in revenue… Continue Reading…
October 30, 2023
“…The London-headquartered bank said that it would shortly begin buying back an additional $3 billion of its shares, taking total stock repurchases for the year to $7 billion. HSBC Chief Executive Officer Noel Quinn signaled there may be more to… Continue Reading…
October 27, 2023
“Ford Motor said Thursday that many customers in North America are no longer willing to pay a premium for an electric vehicle over an internal-combustion or hybrid alternative. As a result, it’s postponing about $12 billion in planned spending on new… Continue Reading…
October 23, 2023
“Chevron Corp. agreed to buy Hess Corp. for $53 billion, a deal aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels… The acquisition will give Chevron a significant foothold in Guyana,… Continue Reading…
October 23, 2023
“Swiss health care company Roche on Monday announced it would acquire Telavant Holdings in a $7.1 billion transaction. Telavant produces drugs for people suffering from inflammatory and fibrotic diseases and is in the process of developing a “promising new therapy”… Continue Reading…
October 13, 2023
“BlackRock Inc. clients pulled a net $13 billion from long-term investment funds, the first outflows since the onset of the pandemic in 2020… The outflows from the firm’s long-term investment funds, including mutual funds and exchange-traded funds, missed by a… Continue Reading…
October 3, 2023
“LONDON (Reuters) – Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS note seen by Reuters shows…… Continue Reading…
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