BAE Systems Targets Ball Unit in U.S. Expansion
BAE Systems has agreed to buy Ball’s aerospace business for $5.6 billion in cash and targeted closing the deal in the first half of 2024.
China Evergrande’s Losses Sharply Narrowed in 2022
UPDATED: China Evergrande Group, the world’s most indebted developer, narrowed its losses significantly in 2022 as it clawed its way back to the business of selling properties and reined in costs.
Lenovo Group’s First-Quarter Profit Declined 66%
Lenovo Group’s net profit fell 66% in its first quarter, weighed by its business in intelligent devices and infrastructure solutions.
Alphabet’s Verily Plans Cost Cuts Amid Pressure on Other Bets to Rein In Spending
Google’s parent is focusing on turning companies that are developing ambitious technology into commercial successes.
Paramount Drops Plans to Sell BET Stake
The entertainment conglomerate concluded a sale wouldn’t result in any meaningful deleveraging of its balance sheet.
Already Time to Hit the Brakes on VinFast
A wild debut for the Vietnamese electric-vehicle maker has put it ahead of most established automakers in terms of market value.
Walmart Shuffles C-Suite as Top Female Exec Plans to Leave Company
Judith McKenna was seen as a possible CEO successor. Walmart will elevate other executives to larger roles.
Cisco Stock Rallies on Rebounding Orders
The networking giant’s latest quarter topped the company’s forecast for both revenue and profits.
Hawaiian Electric Is in Talks With Restructuring Firms
The utility is facing mounting litigation alleging it was negligent before and during the Maui wildfires.
U.S. Steel Stock Is Surging. Another Bidder Could Appear.
Reuters reported Wednesday that ArcelorMittal was considering a bid for United States Steel. That has U.S. Steel shares on the move.
Source: Dow Jones Newswires