Google Loses Antitrust Case Brought by Epic Games
A San Francisco jury said Google “maintained monopoly power by engaging in anticompetitive conduct.”
Star Bulk Carriers, Eagle Bulk Shipping Agree to $2.1 Billion Merger
A combination of the two would create the world’s fourth-biggest commodities carrier.
Berkshire Hathaway Nearly Halves HP Stake to 5.2%
Warren Buffett’s company reduced its stake in the maker of printers and personal computers by 47% to 5.2% in the past two months.
Nokia Lowers Profit Margin Target
Nokia cut its operating margin guidance as market conditions in its mobile networks business remain challenging, with operator spending falling and a normalization in India after a period of rapid 5G deployment.
AstraZeneca to Buy U.S. Vaccine Maker
AstraZeneca said it would buy U.S.-based Icosavax for up to $1.1 billion in a deal that expands its vaccines and immune therapies late-stage pipeline.
BP Asks U.S. Regulator to Intervene in Gas Feud
Venture Global is being accused of skirting disclosure rules while maintaining “a veil of secrecy around its operations” to the detriment of some customers.
Oracle’s stock gets slammed as revenue comes up a bit short
Oracle’s revenue for the latest quarter came up a bit short of expectations, and shares of the software giant dropped about 9% in Monday’s aftermarket action.
Hasbro Cutting 1,100 Jobs After Sluggish Toy Sales Persist Into Holidays
CEO Chris Cocks says that challenging conditions are expected to stretch into next year, prompting another round of layoffs.
Redstone’s Predicament: Whether to Sell or Fix Her Media Empire
Shari Redstone considers a sale of a controlling stake in National Amusements amid pressures from Paramount’s cable business and the ad market.
KKR Nears Deal to Buy Stake in Cotiviti From Veritas Capital
Private-equity firm Veritas Capital is close to a deal to sell a stake in Cotiviti to KKR in a deal that would value the healthcare-technology company at around $11 billion.
Source: Dow Jones Newswires