Philips shares jump on recall provision and profit improvement
(Reuters) -Philips shares jumped 13% on Monday as the Dutch health technology company reported much better than expected first-quarter results…
Paramount agrees to settle Viacom-CBS merger investor lawsuit
(Reuters) -Paramount Global has agreed to a $167.5 million settlement of a case stemming from the 2019 merger of Viacom…
Credit Suisse saw $68 billion in first-quarter outflows as it crumbled
(Reuters) – Credit Suisse said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in…
Canada, Volkswagen to invest more than C$20 billion in EV battery gigafactory
(Reuters) -Canada and Volkswagen (ETR:VOWG_p) on Friday together committed more than C$20 billion ($14.8 billion) for a battery gigafactory in…
Samsung hit with $303 million jury verdict in computer-memory patent lawsuit
(Reuters) – Computer-memory company Netlist (OTC:NLST) Inc convinced a federal jury in Texas on Friday to award it more than…
Nasdaq appoints Cohen and Griggs each as presidents, formalizing new structure
(Reuters) – Nasdaq Inc on Friday said its board appointed Tal Cohen and Nelson Griggs each as presidents, formalizing the…
Walmart offloads second e-fashion brand in days with focus on margins
Walmart (NYSE:WMT) Inc is selling plus-size fashion brand Eloquii Inc just over a week after it agreed to offload menswear…
Henkel expects net financial loss from sale of Russia business
Henkel on Friday said it expects to see a net financial loss in the deal to sell its Russian business.…
Novavax stock dips as TD Cowen moves to sidelines, cuts target by over 80%
TD Cowen analysts downgraded Novavax (NASDAQ:NVAX) stock to Market Perform from Outperform, citing “significant uncertainties about the pending Gavi arbitration & commercial…
Lordstown Motors gets Nasdaq delisting notice, explores reverse stock split
(Reuters) – Lordstown Motors Corp said on Thursday it has received a delisting notice from Nasdaq and is evaluating actions…