Tag: Corporate Changes

Finance

In a busy morning 3M announces healthcare spin off, mixed earnings and subsidiary’s voluntary bankruptcy

07/26/2022
Bitcoin Ethereum News

3M Co. was busy before market open Tuesday, announcing the planned spinoff of its healthcare business, second-quarter results, and the voluntary bankruptcy of the company’s Aearo Technologies subsidia...

Finance

VW Board Ousts CEO Herbert Diess After Pivot to Electric Vehicles

07/23/2022
Bitcoin Ethereum News

Key shareholders in Volkswagen joined forces with labor leaders to oust Chief Executive Officer Herbert Diess, who was in the midst of a push to turn the German auto company into a top maker of electr...

Crypto

Miami’s Gold Rush: Finance Firms and Crypto Move In, Bringing Strains

07/10/2022
Bitcoin Ethereum News

From his new office in Miami Beach, real-estate investor Barry Sternlicht is only steps from the ocean. His waterfront mansion is just a short drive away. Cold winters and state income taxes are a thi...

Finance

Sundial Growers to seek shareholder approval for share consolidation

07/08/2022
Bitcoin Ethereum News

Sundial Growers Inc. SNDL, +3.43% said it planned to seek shareholder approval for a share consolidation at an upcoming annual and special meeting of shareholders on July 21. The cannabis company said...

Finance

IPOs From 2021 Have Crashed. It May Be Time to Buy Some of Them.

06/24/2022
Bitcoin Ethereum News

Text size A view of the Fearless Girl statue wearing an F45 Training hat. Noam Galai/Getty Images Most initial public offerings from 2021 have performed badly, and Jefferies suggests that 13 from that...

Finance

Ken Griffin Moving Citadel From Chicago to Miami Following Crime Complaints

06/23/2022
Bitcoin Ethereum News

Billionaire Ken Griffin is relocating his hedge-fund firm Citadel from Chicago to Miami, the third major employer to announce the move of a corporate headquarters from Illinois in the past two months....

Finance

Kellogg Plans to Split Into 3 Companies. The Stock Is Spiking.

06/21/2022
Bitcoin Ethereum News

Text size Kellogg’s Global Snacking business will be the largest of the three companies, with net sales of about $11.4 billion. Gabby Jones/Bloomberg Kellogg stock was rising on Tuesday after th...

Finance

Caterpillar’s Headquarters Are Moving to Texas

06/15/2022
Bitcoin Ethereum News

Caterpillar has had a presence in Texas since the 1960s, according to the firm, but Illinois remains the largest concentration of Caterpillar employees. Dreamstime Text size Caterpillar is moving head...

Finance

Caterpillar to move headquarters to Texas from Illinois in fresh blow to the Chicago area

06/14/2022
Bitcoin Ethereum News

Caterpillar Inc. said Tuesday it will move its global headquarters from Illinois to an existing divisional office in Irving, Texas, in the Dallas–Forth Worth area, in another blow to metropolitan Chic...

Finance

Alibaba shares decline in Hong Kong, extending Wall Street’s selloff

06/10/2022
Bitcoin Ethereum News

Alibaba Group Holding Ltd. fell in Hong Kong morning trading, extending a selloff overnight on Wall Street after its fintech arm Ant Group Co. denied reports about a revival of its initial public offe...

Finance

Facebook Changed Name, Now Changing Ticker. What It Means for the Stock.

06/08/2022
Bitcoin Ethereum News

Text size Meta Platforms follows a number of high-profile companies that changed their ticker symbols. Fabrice Coffrini/AFP via Getty Images Meta Platforms , formerly known as Facebook , is taking the...

Finance

Altria’s Cigarette Addiction Is Becoming Unhealthier

06/04/2022
Bitcoin Ethereum News

For years tobacco companies have been fighting regulators more than each other. That might be about to change, and Altria MO -0.61% in particular needs a game plan. If Philip Morris International’s PM...

Finance

Qualcomm Keen to Buy Arm Stake in Chip Designer’s Upcoming IPO, CEO Says

05/31/2022
Bitcoin Ethereum News

Text size Qualcomm CEO Cristiano Amon hasn’t yet spoken to SoftBank about a potential investment in Arm, the FT reports. Mario Tama/Getty Images Qualcomm is keen to buy a stake in SoftBank Group...

Finance

DiDi Stock Rises on Report Chinese Auto Giant FAW Is Considering Buying Stake

05/28/2022
Bitcoin Ethereum News

Text size DiDi’s value has plummeted since it listed in the U.S. last year. Yan Cong/Bloomberg Shares of Chinese ride-hailing company DiDi Global gained after it was reported that carmaker China...

Finance

Snowflake Stock Looks Like a Buy

05/28/2022
Bitcoin Ethereum News

Text size Snowflake went public on the New York Stock Exchange in September 2020. The stock more than doubled on its first day of trading. Erik Pendzich/Shutterstock It’s been more than 600 days since...

Finance

Robinhood and 4 Other Broken IPO Stocks That Could Be Buys

05/21/2022
Bitcoin Ethereum News

After a bubbly year for initial public offerings, 2022 looks like a bust. Shares of many companies that came public last year are down 80% or more from their peaks. “This is the IPO market’s worst sel...

Tech

You bought. They sold. Meet some of the insiders who unloaded $35 billion in stock amid the tech IPO bonanza before it tanked.

05/18/2022
Bitcoin Ethereum News

A year ago, Heather Hasson and Catherine “Trina” Spear traveled from Santa Monica, Calif., to New York to ring the opening bell at the New York Stock Exchange. The co–chief executives of FIGS, an onli...

Finance

Doximity stock plummets after forecast, heads lower than IPO price for first time

05/18/2022
Bitcoin Ethereum News

Doximity Inc. shares plunged toward all-time lows in after-hours trading Tuesday, following an earnings report that projected an unexpected revenue decline in the current quarter. Doximity DOCS, +2.36...

Finance

China ADSs are flying as fading regulatory headwinds send iQIYI, NIO and Alibaba stocks surging

05/17/2022
Bitcoin Ethereum News

The U.S.-listed shares of China-based companies, surged Tuesday, particularly in the internet sector, as an apparent reduction of regulatory scrutiny has emboldened Wall Street analysts and investors ...

Finance

Are SPACs That Bad? Study Find Similar Returns for Blank Checks and IPOs

05/15/2022
Bitcoin Ethereum News

Text size A wheel loader moves ore at MP Materials’ mine in Mountain Pass, Calif. Joe Buglewicz/Bloomberg Special-purpose acquisition companies have lost their luster this year. But recent data ...

Finance

Beyond Meat’s stock slides 20% on weak sales, heads lower than IPO price for first time

05/12/2022
Bitcoin Ethereum News

Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The maker of plant-based meat products BYND, -13.83% reported a net loss of $10...

Finance

Dutch Bros. stock spills 37% lower after forecast cut due to inflation

05/11/2022
Bitcoin Ethereum News

After its third quarterly earnings report since going public, coffee chain Dutch Bros. Inc.’s shares were slaughtered in late trading Wednesday after executives revised their annual outlook to predict...

Finance

Opinion: Once richly valued, ‘unicorn’ startups are being gored and investors and funders have stopped believing

05/05/2022
Bitcoin Ethereum News

When Homer Simpson was asked, “How are we going to get out of this hole?,” he replied, “We’ll dig our way out!” Many people who find themselves in holes they can’t climb out of think that the solution...

Finance

How to Hitch a Ride on the Porsche IPO

05/05/2022
Bitcoin Ethereum News

Porsche POAHY 2.09% was more profitable than ever in the first quarter. Investors will have to wait until the fall for its initial public offering, but there are indirect ways to get in early. Volkswa...

Finance

Block earnings promise many moving parts, but Square’s parent company may have a secret weapon

05/04/2022
Bitcoin Ethereum News

Square recently changed its name to Block Inc. in a bid to better encompass the diversity of its business, and the company’s Thursday earnings report will highlight just how many stories have been rol...

Finance

Rivian’s IPO Lockup Is Almost Over. Here’s What that Means for the Stock.

05/02/2022
Bitcoin Ethereum News

Text size Door panels for the R1T, Rivian’s electric pickup truck, are ready for installation on the trim line. Courtesy Rivian Rivian Automotive investors have been dealing with a lot lately. S...

Finance

Robinhood shares are now 75% below last July’s IPO price after job cuts announcement, but analysts are unfazed

04/27/2022
Bitcoin Ethereum News

Shares of Robinhood Markets Inc. sank to a fresh low on Wednesday, after the online-trading platform said it’s cutting 9% of its workforce after a rapid expansion that started in 2020 when stay-at-hom...

Finance

AT&T Shareholders Who Sell Warner Bros. Stock Face Tax Complexities

04/21/2022
Bitcoin Ethereum News

Text size AT&T shares have risen 10% since April 8. Stefani Reynolds / AFP via Getty Images Since the AT&T spinoff of its 71% stake in Warner Bros. Discovery to its shareholders on April 8, ma...

Tech

Alibaba, Bilibili, and China Tech Stocks Slide on Livestreaming Crackdown

04/19/2022
Bitcoin Ethereum News

Text size DiDi headquarters in Beijing. AFP via Getty Images Chinese technology stocks stumbled Tuesday in Hong Kong amid tighter regulations from Beijing on the country’s livestreaming sector, and on...

Finance

DiDi Global Stock Sinks on Plans for U.S. Delisting

04/18/2022
Bitcoin Ethereum News

Text size The Didi ride-hailing app is displayed on a smartphone. Qilai Shen/Bloomberg DiDi Global shares sank in premarket trading Monday after the Chinese ride-hailing company said it was preparing ...

Finance

AT&T Cut Its Dividend With the Spinoff. Why It’s Still Generous.

04/11/2022
Bitcoin Ethereum News

Text size AT&T’s dividend commitment will total around $8 billion annually. Dreamstime AT&T has officially spun off its media business, with Warner Bros. Discovery trading on its own for the f...

Finance

AT&T Stock Rises After Completion of WarnerMedia Spinoff

04/11/2022
Bitcoin Ethereum News

Text size AT&T has completed the spinoff of WarnerMedia. Justin Sullivan/Getty Images AT&T wrapped up its WarnerMedia spinoff late last week, and the stock was rising on Monday. The stock jump...