Updated Jan. 16, 2024 5:42 am ET Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit what was for decades one of its most dependable cash cows but in recent years has become a big drag on its reputation. The London-based energy … Read more
Updated Jan. 3, 2024 6:23 am ET A dearth of initial public offerings in Hong Kong is causing companies to suffer cash crunches and put off expansion plans, showing how the steep market downturn is taking a toll on businesses that need to raise money. The Asian financial hub was for years the top international … Read more
Published: Jan. 1, 2024 at 6:37 p.m. ET By P.R. Venkat Baidu has called off a $3.6 billion deal to buy JOYY’s video-based entertainment live-streaming business in China. As of the end of December, the closing conditions for the share purchase agreement had yet to be fully satisfied, Baidu said in a filing late Monday. … Read more
Published: Dec. 21, 2023 at 6:13 p.m. ET By Stephen Nakrosis Industrial gas supplier Global Hydrogen Energy and blank-check company Dune Acquisition said the SPAC’s shareholders approved a deal that will see the combined company go public. Shares of the combined company, Global Gas, are expected to begin trading on the Nasdaq Capital Market under … Read more
Published: Dec. 18, 2023 at 2:27 a.m. ET By Ian Walker Unilever is selling the Elida Beauty business to Yellow Wood Partners for an undisclosed sum, as part of the company’s plan to optimize its personal care portfolio and grow its power brands. The Anglo-Dutch consumer goods company–which houses Ben & Jerry’s ice cream and … Read more
Updated Dec. 3, 2023 3:53 pm ET Alaska Air reached a roughly $1 billion deal to buy Hawaiian Airlines, a combination of two nearly century-old rivals that are dwarfed by the biggest players in a time of travel upheaval. The proposed deal would unite carriers that largely serve destinations in the Pacific region and operate … Read more
Updated Nov. 9, 2023 12:52 pm ET|WSJ Pro Celsius Network, the crypto platform that touted itself as safer than a bank, won court approval to end its bankruptcy case and release most of its remaining cryptocurrency back to hundreds of thousands of customers whose funds have been trapped since last year. The plan approved in … Read more
Updated Nov. 8, 2023 3:43 pm ET Amazon.com is turning to Prime members to bolster its healthcare business, an industry where the company has sought to expand for years. The tech giant on Wednesday revealed plans to offer its millions of Amazon Prime subscribers a low-cost annual membership to One Medical, the primary-care business Amazon … Read more
This year has posed an unusual array of challenges for investors, and more could be in store. The major stock market indexes are still up in 2023, powered by a narrow slice of technology stocks, but have been losing ground rapidly. Bond yields have risen sharply, topping 5% on some government debt. The economic outlook … Read more
Banks Follow-Up By Jacob Sonenshine Oct 10, 2023, 12:27 pm EDT Share Reprints Financial (TFC) stock is rising following reports that it will sell its insurance business. The stock remains a buy. Continue reading this article with a Barron’s subscription. View Options Source link credite