Sale of advertising division
AT&T (T) will sell its advertising division to Xandr Microsoft (MSFT) for an undisclosed sum. The deal should benefit both companies and is indicative of AT&T's ongoing restructuring...
The company's stock is at a low
Shares of Vericity Inc VERY closed 0.9% above a 52-week low of $6.61 today, bringing the company's market capitalisation to $99 million. The stock is now down 33.4% YTD, 39.4% in the last 12 months and 17.9% in the la...
Help for New York City
New York City Mayor Bill de Blasio appealed to U.S. President Joe Biden on Sunday for urgent aid to the metropolis due to a spike in COVID-19 infections there. The reporting Politico newspaper noted th...
Going public
The Cybersecurity company Zerofox acquired IDX the digital privacy Platform and going public with blank-check L&F Acquisition Corp LNFA.N, said company on Monday.
The pandemic has forced companies to adopt ...
New electric car
Chinese electric vehicle manufacturer Nio (NIO) unveiled its new ET5 sedan, AR glasses and expansion plan for Germany, the Netherlands, Sweden and Denmark in 2022 during 'Nio Day' on 18 D...
Social networks and their stocks
Twitter (NYSE: TWTR) and Weibo (NASDAQ: WB) are often considered comparable social networks. Twitter has made it easy to send short messages, share them using hashtags and follow ce...
COVID outbreak
New York City appears unable to cope with the rising incidence of the omicron strain of coronavirus, even despite some of the toughest restrictions and highest vaccination rates in the United States.
The number of new cases of the vi...
A $2.6 billion purchase
Bottomline Technologies (EPAY), the US financial technology provider, said on Friday that it will be acquired by Thoma Bravo, a software investment firm, for a total consideration of about $2.6 billion.
Upon c...
Финансовые перспективы неутешительны
Акции Adobe (ADBE) в четверг пережили второе худшее падение за десятилетие, поскольку прогноз компании на 2022 год предполагает риски замедления роста. Падение акций Adobe отражает общий спад в секторе производит...
All about Rivian today
Rivian (RIVN) shares fell after the electric car startup released its first financial report as a public company. The losses were higher than analysts had forecast, and Rivian also lowered its production forecast for 2021. Riv...
Business for sale
British science and chemicals company Johnson Matthey Plc. (JMAT.L) said it had agreed to sell its healthcare business to Altaris Capital Partners, an investment firm focused exclusively on the healthcare industry, for an enterpris...
Oil spill
A US federal grand jury on Wednesday indicted Texas-based US company Amplify Energy for an oil spill off the coast of Orange County, California, in October that released about 25,000 gallons (95,000 litres) of...
Victory for investors in court
Polish company CD Projekt, whose subsidiary CD Projekt RED developed the video game Cyberpunk 2077, will pay them $1.85 million in settlements with investors who sued it last December to drop their claims. This was ann...
A step into the Metaworld
Intel (INTC) says it will spend $7.1bn to build a chip manufacturing plant in Malaysia as it seeks to compete with TSMC. Intel claims software that will be a "technical breakthrough" ...
'Person of the Year' title
The head of the US company Tesla, Elon Musk, was named person of the year by the British Financial Times on Wednesday, thanks to his efforts to bring about "a historic automotive&nbs...
Market reaction to biggest jump
US producer price growth data for November confirmed the problem of rising inflation. Stock indices fell for the second consecutive day this week ahead of the Fed meeting. Economists are giving their forecasts for the...
Electric Lexus
Toyota president Akio Toyoda on Tuesday announced a $70 billion plan to electrify the automaker's lineup, which includes making Lexus an all-electric brand by 2035.
By 2030, the project will see the launch of 30 battery electric vehi...
Nike in the Metaworld
Nike (NKE) on Monday announced the purchase of RTFKT, a start-up that creates unique virtual products to "fuse the realities of fashion and gaming". Nike believes the RTFKT team will help...
Demand for electric vehicles
The lithium price index from research firm and price provider Benchmark Mineral Intelligence doubled from May to November and is up around 240% year on year. Th...
Buying for cash
Arena Pharmaceuticals (ARNA) shares rose 93% in premarket trading on Monday after Pfizer (PFE) announced a $6.7bn cash acquisition at $100 a share double the current price. Market analysts are raisi...
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