Citigroup’s Asia Q1 wealth revenue jumps 20% amid new clients, investment gains

(Reuters) -Citigroup’s Asia wealth revenue surged 20% in the first quarter of 2023, backed by investment gains, insurance revenue and…

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…

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