HSBC’s Third-Quarter Net Profit More Than Doubled
The Asia-focused lender also intends to initiate a further share buyback of up to $3 billion after announcing three share buybacks in 2023 totaling up to $7 billion.
BHP Iron Ore Train Drivers Threaten Strike Action
Train drivers at BHP Group’s Australian iron-ore operations have voted in favor of strike action in a dispute over pay and conditions.
Peltz’s Push for Disney Board Seats Boosted by Perlmutter’s Shares
Former Marvel Entertainment executive Ike Perlmutter says he can ‘no longer watch the business underachieve its great potential.’
IFF to Sell Cosmetics Ingredients Unit to Clariant for $810 Million
Swiss chemicals company Clariant will buy a cosmetic ingredients unit of International Flavors & Fragrances for $810 million.
Evergrande Winding-Up Hearing Adjourned to Dec. 4
China Evergrande has been given another chance to restructure its billions of dollars in debt as a court adjourned a hearing to wind up the company.
TikTok Gets Tougher in Performance Reviews, and Employees Are Spooked
The company is asking managers across the world to give more employees lower ratings in performance reviews, a move that staff fear could reduce bonuses and lead to layoffs.
A Sweetheart Deal on Car Dealers After Auto Strikes
Dealers’ margins would have been at risk if the UAW strikes continued.
Tentative Deal Reached to End St. Lawrence Seaway Strike
A trade route connecting the Great Lakes with the Atlantic Ocean is expected to reopen after a tentative deal was struck to end a week-long strike by Canadian workers on the St. Lawrence Seaway.
Music Stocks Adjust to a Slower Tempo
Higher interest rates have damped investor appetite for song catalogs.
Qantas Sold Tickets for Canceled Flights Due to System Failings
Australian carrier Qantas Airways said it sold tickets for flights that it knew had been canceled because of internal systems’ shortcomings rather than for financial gain.
Source: Dow Jones Newswires