Tag: health

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Investcorp eyes public listing in 3-5 years as it targets $100 billion in assets

Investcorp plans an IPO in 3-5 years, targeting $100 billion AUM and considering London or New York as a listing venue. The alternative investment firm seeks to double its AUM and explore opportunities in the 401(k) retirement savings market.

Japan PM Ishiba Seeks Support for Budget, US Ties Amid Challenges

Japanese Prime Minister Shigeru Ishiba addresses parliament, seeking support for his minority government's record budget and navigating relations with the US amidst concerns over trade and security.

MPS offers €13.3 billion all-share bid for Mediobanca

Monte dei Paschi di Siena (MPS) launches a €13.3 billion all-share buyout offer for Mediobanca, offering 23 MPS shares for every 10 Mediobanca shares tendered.

EU Antitrust Battles With US Tech Giants: Trump Weighs In

Trump says EU antitrust fines on US tech giants are 'a form of taxation'; Europe has aggressively tackled power of American tech companies for years, with recent fines including €13 billion for Apple, $2 billion for Google, €797 million for Meta, and threats of up to $47 billion for Amazon.

Puma Shares Tank 20% After Disappointing Sales, Earnings

Puma stock plunged after worse-than-expected Q4 sales, down 20% and hitting its lowest since March 2018

VW eyes extra US investment to double market share

Volkswagen plans to double market share in the United States and may expand its Chattanooga, Tennessee plant, but no decisions have been made.

Amalgamated Financial reports Q4 earnings

Amalgamated Financial Corp. (AMAL) reported Q4 earnings of $24.5 million ($0.79/share), adjusted EPS of $0.90, revenue of $107.4 million, adjusted revenue of $77.9 million. For the year, profit was $106.4 million ($3.44/share), revenue was $315.6 million.

Strong Netflix Earnings and User Growth Drive Stock to Record High

Netflix stock soared nearly 10% after the streaming giant reported record subscriber gains and beat earnings expectations in Q4 2024. The company also announced a $15 billion stock buyback and boosted its full-year revenue outlook.

Nissan to Procure Batteries from SK On for US EVs, Considers EV Production in Kyushu

Nissan to procure batteries from SK On for US EVs from 2028, consider compact EV production in Japan

Stellantis Boosts US Operations, Plans New Pickup Truck

Automaker Stellantis responds to the Trump administration's focus on manufacturing in America with plans to build a new midsize pickup truck, invest in its Toledo assembly plant, and make more "critical" components in-house.