© Reuters. TOKYO (Reuters) – Toshiba Corp (T:) plans to gradually unwind its 40% stake in Kioxia Holdings after the world’s second-largest flash memory chip firm lists its shares in an IPO later this year, two sources familiar with the matter said on Saturday. The Japanese industrial conglomerate is consideringRead More →
Shares of Tesla Inc. shot higher Monday, putting them on track to snap a sharp 5-day selloff, but Morgan Stanley analyst Adam Jonas suggested it was still too early for investors to jump in. Jonas reiterated the underweight rating he’s had on the stock since he downgraded it on Jan.Read More →
By Davide Barbuscia and Saeed Azhar DUBAI (Reuters) – Citi (N:) and Deutsche Bank (DE:) have started talks with other banks to sell roughly $9 billion in debt Dubai raised to take full control of DP World (DI:) and refinance borrowings of Dubai World, sources familiar with the matter saidRead More →
© Reuters. FILE PHOTO: Logo of General Motors is pictured at its plant in Silao NEW YORK (Reuters) – General Motors Co (N:) is retreating from more markets outside of the United States and China, saying on Sunday that it will wind down sales, design and engineering operations in AustraliaRead More →
Canopy Growth Corp. reported earnings early Friday that gave investors a few reasons to cheer: In short, it wasn’t a total disaster. Canopy CGC, +13.37% WEED, +15.84% logged fiscal third-quarter net revenue of C$123.8 million ($93.5 million), well higher than the FactSet consensus of C$105 million reflecting strong year-over-year andRead More →
Tesla Inc. stock rallied more than 6% late Wednesday after the Silicon Valley car maker reported quarterly earnings that topped Wall Street views and set a goal to “comfortably” sell more than 500,000 vehicles this year. Tesla TSLA, +2.49% said it earned $105 million, or 56 cents a share, inRead More →
Dear Moneyist, My youngest sister persuaded my father to sell his home and buy her a property with two residences: a small town house for him and a nice four-bedroom house for her and her family. My father recently passed away. We discovered that our sister’s mother-in-law is an attorney.Read More →
Dear Moneyist, I am one of three children, and we are all 60-plus years old. A vacation property that belonged to my parents is now in my mother’s name and my late father’s three children’s names. My sister scoffs at me when I suggest selling our family vacation property. She,Read More →
Roku Inc.’s stock surged more than 400% through the first 11 months of the year, and Morgan Stanley analyst Benjamin Swinburne is concerned that it’s about to head in reverse. Swinburne downgraded Roku shares ROKU, -15.91% to underweight from equal-weight on Monday, writing that the stock looks far too expensive,Read More →
© Reuters. The logo of PSA Peugeot Citroen is seen at the company’s plant in Poissy, near Paris By Gilles Guillaume and Yilei Sun PARIS/BEIJING (Reuters) – Peugeot maker PSA Group (PA:) said it is preparing to sell its 50% stake in an eight-year-old joint venture with Chinese partner ChongqingRead More →
© Reuters. FILE PHOTO: A man is reflected on Panasonic Corp’s logo at Panasonic Center in Tokyo TOKYO (Reuters) – Panasonic Corp (T:) said it would sell its loss-making semiconductor unit to Taiwan’s Nuvoton Technology Corp (TW:) for $250 million as the Japanese electronics giant struggles to lift its profitRead More →
© Reuters. Investing.com — Here is a summary of regulatory releases from the London Stock Exchange on Wednesday, 20th November. Please refresh for updates. Retailer Kingfisher PLC (LON:) said like-for-like sales fell 3.7% in the third quarter, citing ongoing problems at its French Castorama and Brico Depot operations. “My earlyRead More →
By Allison Lampert and Mike Stone MONTREAL/WASHINGTON (Reuters) – Canada’s Bombardier (TO:) is in advanced talks to sell three facilities, including its Belfast wing-making plant, to Spirit AeroSystems (N:) for more than $1 billion in cash and assumed liabilities, two sources familiar with the matter told Reuters on Thursday. TheRead More →
© Reuters. The company logo for Oracle Corp. is displayed on a screen on the floor at the NYSE in New York By Sheila Dang and Neha Malara (Reuters) – AT&T Inc (N:) on Monday unveiled a three-year strategic plan that included adding two new board members, selling off upRead More →
If you’re still a small-bucks investor and you want to put, say, $100 every month into the SPDR S&P 500 SPY, +0.29% exchange-traded fund, you’re out of luck. The ETF, the world’s biggest by assets, sells for $298 a share. At most brokerage houses there’s no way to buy lessRead More →
This story has been updated; a previous version misidentified the company that will pull “Friends” and “The Office” from Netflix. Bloomberg News/Landov Netflix Inc. is planning to raise another $2 billion in debt as it moves to gain the financing needed for new content as the battle for streaming customersRead More →
(Reuters) – U.S. power company Sempra Energy (N:) said on Monday it would sell is Chilean businesses to China’s State Grid International Development Limited for $2.23 billion in cash. The deal includes Sempra’s 100% stake in Chilquinta Energía S.A., Tecnored S.A. and a 50% interest in Eletrans S.A. Reuters reportedRead More →
© Reuters. The AT&T logo is pictured during the Forbes Forum 2017 in Mexico City By Supantha Mukherjee (Reuters) – AT&T Inc (N:) shareholder Elliott Management Corp on Monday called for the wireless carrier to sell some of its non-core businesses and cut costs in an effort to return moreRead More →
(Reuters) – Kroger Co (N:) on Thursday said it would launch its own line of meatless burger patties, as the supermarket chain tries to cater to a growing appetite for plant-based meat alternatives, made popular by Beyond Meat (O:). The supermarket chain, which was one of the first retailers toRead More →
TOKYO (Reuters) – China’s troubled Anbang Insurance Group has started a sale of its entire $2.4 billion Japanese property portfolio and previous owner Blackstone (NYSE:) Group is bidding, two people said, after the insurer failed to sell some of the assets last year. Beijing has been speeding up asset disposalsRead More →
© Reuters. SSE confirms in discussions with OVO to sell energy retail business LONDON (Reuters) – British energy supplier SSE (L:) said on Saturday it was in talks with OVO Group about the sale of its energy retail arm which serves 5.7 million households in Britain. “These discussions are continuing,Read More →
(Reuters) – Barrick Gold Corp (TO:) (N:) is looking to sell its Tongon gold mine in the Ivory Coast and is working with Bank of Nova Scotia (TO:) to identify buyers, Bloomberg said https://www.bloomberg.com/news/articles/2019-08-08/barrick-said-to-weigh-sale-of-tongon-mine-amid-asset-disposals on Thursday. Barrick Gold plans to start a formal sale process in the near term forRead More →
© Reuters. FILE PHOTO: Logo of Universal Music Group is seen at a building in Zurich PARIS (Reuters) – Vivendi (PA:) is in talks to sell a 10% stake in its prized and lucrative Universal Music Group (UMG) to Chinese tech company Tencent as it seeks to expand its presenceRead More →
© Reuters. Exclusive: UAE’s Dana Gas hires adviser to sell Egypt assets By Clara Denina and Davide Barbuscia LONDON/DUBAI (Reuters) – United Arab Emirates’ Dana Gas has hired investment bank Tudor, Pickering, Holt & Co. (TPH) to advise it on the sale of its Egyptian assets, worth over $500 million,Read More →
ZURICH (Reuters) – Novartis (S:) Chief Executive Vas Narasimhan pledged in an interview published on Saturday not to sell the Swiss drugmaker’s generics unit Sandoz amid a revamp that has prompted speculation he is preparing to offload the business. “No, we will not sell Sandoz,” Narasimhan told the Sueddeutsche ZeitungRead More →
