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Bribery scandal to cost glencore $1.1b — billionaire execs avoid blame, for now
Commodities trading giant Glencore International has admitted to a decade-long scheme of bribery and market manipulation and will pay $1.1 billion in ...
May 26, 2022, 11:44 am
Sigma lithium announces integrated phase 1 & 2 technical report with post-tax net present value of $5.1b and continued advancement of phase 3
SIGMA Lithium Corporation has announced the filing of its consolidated Phase 1 DFS and Phase 2 PFS Update of the NI 43-101 Technical Report for its 10...
May 26, 2022, 11:27 am
Broadcom to acquire vmware in massive $61b deal
Sometimes when there is smoke, there is actually fire. Such was the case with the rumors of Broadcom's interest in VMware this past weekend....
May 26, 2022, 7:59 am
Homeserve agrees to be taken over for £4.1bn by brookfield infrastructure funds
HomeServe PLC has agreed to be taken over by Canadian investment giant Brookfield for almost £4.1bn. T...
May 19, 2022, 3:09 am
Assertio's phenomenal turnaround
The company has made giant strides in putting its financials in order, getting rid of almost $1b in deb...
May 19, 2022, 2:38 am
Zebra technologies (zbra) authorizes $1b share buyout program
Zebra (ZBRA) rewards shareholders with an additional share buyback program worth $1 billion....
May 18, 2022, 12:02 pm
Darktrace senior executive investigated for britain's largest fraud involvement
Darktrace PLC (LSE:DARK) nosedived 15%, to 323.4p, as one of its senior executives was named in relation to Britain's largest-ever fraud. The mid-...
May 18, 2022, 10:50 am
Tilray brands: almost good enough
Tilray aims to reach US$4BN in revenue by the end of 2024, with an opportunity of US$1bN in Europe. Com...
May 17, 2022, 2:46 am
Commerzbank: awaiting the ecb rate hike at 0.33 tangible book
Q1 2022 underlying revenues up 18.7% Y/Y with net RoTE at 4% (Q1 2021 1.5%) as higher rates and limited restructuring charges offset banking levies an...
May 16, 2022, 4:08 am
Fulgent is putting its cash bonanza to work
The company has raked in well over $1b of cash from its epic Covid testing ramp up, apart from a host o...
May 15, 2022, 5:35 pm
Fulcrum therapeutics to present initial data from phase 1b trial of ftx-6058 in adults living with sickle cell disease at the european hematology association (eha) hybrid congress in vienna, austria
- FTX-6058 is the only oral hemoglobin F (HbF) inducer in clinical development...
May 12, 2022, 5:08 pm
Balfour beatty enjoys strong cash performance in 2022
Balfour Beatty plc (LSE:BBY), the infrastructure contractor, said overall trading this year had been in line with expectations. At the end of March, t...
May 12, 2022, 9:04 am
Disney takes $1b hit for ending license deals to send content to streaming; quarterly sales up, profit falls
Walt Disney beat on streaming subs but its financials missed the mark due to a hefty $1 billion it said it “owned a customer to early terminate lice...
May 11, 2022, 4:33 pm
Pfizer acquires this migraine drug maker for $11b: what investors need to know
Pfizer Inc (NYSE: PFE) will acquire Biohaven Pharmaceutical Holding Company Ltd (NYSE: BHVN) for $148.50 per share, equivalent to $11.6 billion.�...
May 10, 2022, 8:42 am
Vertex: q1 results solid, if unspectacular, but pipeline progress makes bull case
Vertex announced Q122 results yesterday, reporting revenues of $2.1bn and guiding for FY revenues of ~$...
May 6, 2022, 7:23 pm
Elon musk secures $7.1b in new funding for twitter acquisition
As a result of the new commitments, Musk's margin loan financing for the Twitter deal has been reduced from $12.5 billion to $6.25 billion, while his ...
May 5, 2022, 10:00 am
Can apple be the new tesla - smartphone on wheels by 2025?
With FQ2'22 net income of $25.01b and Free Cash Flow of $25.65B, AAPL has all the capital it needs for ...
May 5, 2022, 5:08 am
Shell boosts dividend as quarterly profits soar
Shell PLC (LSE:SHEL, NYSE:SHEL) has unveiled record quarterly profits, with soaring oil prices leading to US$9....
May 5, 2022, 3:07 am
Nyse owner to scoop up black knight for $13.1b
Black Knight, a mortgage software provider, went up for sale earlier this year after receiving takeover interest from private-equity firms....
May 4, 2022, 5:34 pm
Lyft shares shares plummet on rising driver costs
Lyft Inc (NASDAQ:LYFT)'s stock plunged 26% after it said it would have to spend heavily to recruit drivers and forecast earnings would be more than US...
May 4, 2022, 9:02 am