SoftBank Posts Another Loss Despite Technology-Share Rebound
Return to profit for Vision Fund can’t stem red ink for the investment company.
Glencore Profit Falls on Commodity-Price Decline
Glencore reported a 50% drop in first half adjusted earnings to $9.4 billion, reflecting the normalization of energy market imbalances, and the decline of commodity prices.
Bacardi’s Russia Business Grows as Other Booze Makers Leave Country
The owner of Grey Goose vodka and Bacardi rum is hiring staff and shipping millions of dollars of products to the market.
Anheuser-Busch Selling Shock Top, Blue Point to Tilray Brands
The Bud Light owner is selling eight beer and beverage brands for an undisclosed amount to the cannabis company.
Ergen Nears Deal to Merge Dish, EchoStar
Charlie Ergen is nearing a deal to merge his major holdings, Dish Network and EchoStar, a step toward building a nationwide wireless network.
Woodside Energy to Sell 10% Stake in Scarborough Project
Woodside Energy said it has agreed to sell a 10% stake in its Scarborough natural-gas project to a consortium of Japanese trading companies.
Paramount to Sell Simon & Schuster to KKR for $1.62 Billion
The sale of the book publisher to the buyout firm comes less than a year after previous deal with Penguin Random House was blocked.
Lucid’s stock rises after EV maker keeps 2023 production guidance intact
Lucid Group Inc. shares rallied in the extended session Monday after the luxury EV maker kept unchanged its 2023 production outlook despite weaker quarterly sales.
Cargo Airline Western Global Files for Bankruptcy to Cut Debt
Western Global Airlines filed for bankruptcy with a plan to cut its debt after the employee-owned cargo carrier faltered because of headwinds including the weakening global economy and higher costs.
Palantir Sets $1 Billion Stock Buyback Plan, Lifts Guidance
The repurchase program is the data-analytics software company’s first since the stock began trading in 2020.
Source: Dow Jones Newswires