SoftBank Group Posts $7.2B Loss, Hit by Tech Funds Woes
SoftBank Group posted a fiscal-year net loss as losses from its technology funds business offset gains from the unwinding of its stake in Alibaba Group.
Bayer Sees Guidance at Lower End of Range
Bayer posted lower first-quarter earnings, with results weighed by inflation and an impairment loss due to weaker glyphosate prices, and cautioned that it expected to meet the lower end of its 2023 guidance range
Private Consortium to Buy Publicly Traded Syneos Health in $7.1 Billion Club Deal
Elliott Investment Management, Patient Square Capital and Veritas Capital are offering to take-private contract-research organization Syneos Health for $43 a share in cash in a transaction valued at $7.1 billion, including outstanding debt.
Robinhood to Launch 24-Hour Trading on Weekdays in Stocks and ETFs
The brokerage firm plans to announce Wednesday that it will offer 24-hour trading of selected stocks and exchange-traded funds, five days a week.
Disney to Make Hulu Content Available Within Disney+ Platform
Walt Disney Co. said it would move to offer Hulu content within Disney+, and announced it had reduced operating losses at the streaming business while experiencing a subscriber loss.
Coca-Cola Trials Turning Hard-to-Recycle Plastic Into Bottles
Coke’s biggest European bottler is backing a new technology that makes food-grade plastic out of landfill-bound waste.
Tucker Carlson’s Twitter Show Complicates Elon Musk’s Bid to Win Back Advertisers
A Madison Avenue already wary of the social-media platform is showing little appetite for the controversial cable host’s new program.
Automation Giant Faces U.S. Probe Over China Operations
The investigation of Rockwell focuses on whether its software might allow access to critical U.S. government and industrial infrastructure.
Icahn, Under Federal Investigation, Blasts Short Seller
Activist investor Carl Icahn disclosed that his investment company is under investigation by federal prosecutors and went on the attack against the short seller that likely spurred the inquiry.
Microsoft Won’t Raise Salaries for Full-Time Employees This Year
The software company still plans to offer promotions, bonuses and stock awards.
Source: Dow Jones Newswires