Financial-technology company Fidelity National Information Services Inc. plans to spin off its merchant business, the company announced Monday. FIS FIS, -15.21%, which announced a “comprehensive asses...
Tag: New Companies Creation
GE Healthcare will join S&P 500 as soon as it begins trading
GE Healthcare Technologies Inc. will be an S&P 500 stock as soon as it officially exists. General Electric Co. GE, -1.05% expects to spin off its healthcare arm into a separately traded company on...
GE HealthCare Is Going Independent. This Is Where the Stock Should Trade.
Text size GE HealthCare should generate about $3.3 billion in Ebitda for all of 2022. Kamil Krzaczynski/Getty Images To start 2023, investors will have a choice to invest in a brand new $18 billion co...
GE Healthcare Plans to Reduce Debt and Costs, Pursue Tuck-In Acquisitions
General Electric Co.’s healthcare division plans to cut debt, bring down costs and pursue tuck-in acquisitions after its spinoff in early January, finance chief Helmut Zodl said Thursday at an investo...
Medtronic Is Doing a Spinoff. What It Means for Our Stock Pick.
Medical device maker Medtronic is spinning off two business units to try to drive higher growth. The market isn’t impressed. In theory, it should be. Spinoffs are supposed to streamline operations of...
AT&T’s Dividend-Loving Investors Are Dialing the Wrong Number
AT&T income-hungry shareholders should have seen it coming. In April last year, a month before announcing the spinoff of its media division to shareholders in the form of shares of a 71% stake in ...
Ernst & Young Leaders Expected to Approve Plan to Split Accounting Company
Ernst & Young’s leaders are expected this week to give the green light to splitting its auditing and consulting businesses, paving the way for the biggest shake-up in the accounting profession in ...
J&J Unit Tells Appeals Court Only Bankruptcy Can Settle Talc Claims
A Johnson & Johnson subsidiary urged a federal appeals court to uphold the controversial legal strategy it used to move to bankruptcy roughly 38,000 lawsuits linking its talc-based products to can...
AT&T Cut Its Dividend With the Spinoff. Why It’s Still Generous.
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...
AT&T Stock Rises After Completion of WarnerMedia Spinoff
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...
Here is what AT&T is giving investors in WarnerMedia spinoff, and how it will work
AT&T Inc. detailed its plans for the spinoff of WarnerMedia on Friday, with investors eventually expected to receive a share of the new streaming-media entity for every four AT&T shares they o...
Ford CEO Shuts Down EV Spinoff Rumors. The Ford Family Won’t Let It Happen.
Ford Motor CEO Jim Farley told investors Wednesday there were no plans to spin off his company’s electric vehicle business. That shouldn’t be a surprise. The Ford family is unlikely to ever let an EV ...
AT&T CFO Defends Spinoff, Saying It Benefits Retail Investors
Text size AT&T’s chief financial officer, Pascal Desroches. Courtesy AT&T AT&T is defending its move to spin off its big stake in WarnerMedia rather than pursue a split-off, or excha...
IBM stock rallies as earnings, sales surge amid Kyndryl spinoff
International Business Machines Corp. shares rallied in the extended session Monday after Big Blue topped Wall Street expectations following the spinoff of its managed infrastructure-service business,...
AT&T Stung Investors by Spinning Off Warner Bros. Discovery
AT&T ‘s April decision to parcel out its big interest in Warner Bros. Discovery to all shareholders, rather than giving them the option of receiving an equivalent amount of the phone company’s sto...