UBS Posts Record $29 Billion Profit on Credit Suisse Deal
UBS booked a record $29 billion net profit last quarter after it integrated Credit Suisse into its books.
Arm, Instacart, Klaviyo Prep for Their IPOs-With Caution
Companies are lining up big investors ahead of time and selling small slugs of stock in a sign of the fragile IPO environment.
Pernod Ricard to Launch Buyback as Sales Rise
Pernod Ricard reported below-forecast sales and profit for fiscal 2023, but backed its medium-term financial targets and said it planned a EUR800 million share buyback.
Country Garden Flags Going-Concern Uncertainty
Country Garden said there is some uncertainty over its ability to continue as a going concern as it posted net loss for the first half of 2023.
Chinese Steel Platform to Go Public in Hong Kong’s First SPAC Merger
ZG Group has agreed to go public via a merger with a special-purpose acquisition company in what will be the first such deal to take place in Hong Kong.
Qantas Accused by Regulator of Selling Tickets for Cancelled Flights
UPDATED: Qantas Airways faces legal action by Australia’s competition regulator over allegations that the carrier sold thousands of tickets for flights it knew had been canceled.
Baby Formula Makers Get Safety Reprimands from FDA
Agency sends warning letters to ByHeart, Reckitt/Mead Johnson Nutrition and Perrigo Wisconsin urging more action to prevent contamination.
FASB Approves Expanded Tax Disclosure Requirements for Companies Despite Opposition
Public and private businesses will have to break out the income taxes they paid to authorities at the federal, state and foreign levels
Salesforce Earnings Show Rising Profit Margins Amid Cost Cuts
The software company has been reducing staff and adding artificial intelligence to its products.
DOJ, SEC Investigate Tesla Over Secret Glass House Project
Prosecutors are investigating Tesla’s use of company funds on a project that had been described internally as a house for Elon Musk.
Source: Dow Jones Newswires