Facebook parent Meta Platforms Inc. META 22.51% Shares are on pace for their best day in nearly a decade after the company embraced investor-friendly moves including boosting its stock through a $40 billion buyback and cutting expenses in the face of increased competition. Shares of the social-media company jumped 23% to $188.02 in afternoon trading …
Meta Platforms Shares Surge on Cost Cuts, Stock Buyback Read More »
By Cecilia Butini Roche Holding AG reported sales growth in 2022, but said it expects a decrease in sales for 2023 due to a drop in the sale of Covid-19 products. The Swiss pharma major posted sales of 63.28 billion Swiss francs ($69.65 billion) for the full year 2022, up from CHF62.80 billion in 2021 …
Comcast Corp. has sold part of its stake in Buzzfeed Inc., which has seen its shares surge in recent days amid enthusiasm for the publisher’s artificial intelligence efforts. comcast CMCSA, +1.58% disclosed Wednesday in a filing with the Securities and Exchange Commission that it sold 5,726,385 shares of Buzzfeed BZFD, -5.22% in the open market …
Comcast sells nearly 6 million shares of its Buzzfeed stake amid sharp rally Read More »
CUPERTINO, Calif. (AP) — After taking its first dip into sports streaming last year, Apple is now immersing itself. The tech giant kicked off a 10-year partnership with Major League Soccer on Wednesday with the launch of Season Pass on Apple TV+. This is very important for us. It is one of the key things …
Apple to pay $2.5 billion to stream Major League Soccer for the next 10 years Read More »
A California judge on Wednesday denied the Federal Trade Commission’s bid for a preliminary injunction to block Meta Platforms Inc.’s proposed acquisition of VR startup Within Unlimited. The sealed decision from federal judge Edward Davila of San Jose, Calif., does not preclude the agency from pursuing a separate case to block the deal, according to …
Meta wins bid to buy VR startup Within Unlimited, beating US FTC in court: report Read More »
By Anthony O. Goriainoff Restore PLC said Wednesday that its performance in 2022 was in line with market expectations and that it entered 2023 with positive momentum as it continued to see substantial growth potential across its organic and acquisition strategies. The London-listed office-services company said its performance in the year reflected its underlying resilience …
Restore 2022 Performance in Line With Views; 2023 Started With Positive Momentum Read More »
Snap Inc.’s life as a high-growth young tech stock is over, and its rivals are about to show how much of that change is about Snapchat. “From our recent conversations with our partners, it seems like advertising demand hasn’t really improved, but it hasn’t gotten significantly worse either,” Snap co-founder and Chief Executive Evan Spiegel …
Opinion: Snap stock has lost the one thing it had going for it Read More »
A US weapons maker is offering to sell the Ukraine government two Reaper MQ-9 drones for a dollar in an effort to help the country defend itself as it prepares for an expected Russian offensive. The deal also would require Kyiv to spend about $10 million to prepare and ship the aircraft to Ukraine, and …
US Company Offers Advanced Drones to Ukraine for One Dollar, With Some Costs Read More »
The home-goods chain’s lenders have cut off credit and it hasn’t secured a buyer to acquire its business, leaving it with dwindling options to avoid a bankruptcy filing. With chapter 11 looking increasingly likely, the focus shifts to what’s next for the retailer and what shape it might take coming out of a restructuring. Here …
Here’s What’s Next for Bed Bath & Beyond as Bankruptcy Looms and Stores Close Read More »
Apple Inc. was saved in its last earnings report by an unlikely hero, and the same dynamic may show up in the tech giant’s holiday earnings. Macs posted record revenue of $11.5 billion that was more than $2 billion ahead of expectations in the September quarter, making up for a shortfall in Apple’s AAPL, -2.07% …
Apple earnings may rely on an unlikely hero amid iPhone uncertainty Read More »
