The company, which had a valuation of more than $5 billion in 2018, is being taken private in a deal that will wipe out more than half of its $945 million debt.
Investors will parse more earnings a day after the Nasdaq and S&P 500 recorded their steepest declines since 2022.
Vodafone reiterated its fiscal 2025 earnings guidance after it delivered higher revenue for the first quarter, boosted by strong growth in Africa and Turkey.
The People’s Bank of China surprised markets again by cutting another key policy rate, continuing a wave of monetary easing as it looks to support the country’s ailing economy.
TotalEnergies said it expected third-quarter hydrocarbon production to remain largely unchanged from the second quarter, as it reported a fall in net profit for the three months to the end of June.
AstraZeneca raised its full-year guidance after second-quarter earnings topped forecasts, boosted by a 15% rise in revenue at its oncology buisness.
Unilever reported underlying sales growth in the first half that came in slightly below forecasts, but its shares rose as analysts cheered the improvement in its margins.
Unilever said the separation of its ice cream business was on track after it reported underlying sales growth that came in slightly below forecasts.
The Japanese automaker lowered its annual vehicle-sales and profit forecasts.
Anglo American posted a net loss in the first half on lower iron ore prices and sales and after it booked an impairment of $1.6 billion related to its crop-nutrients project in the U.K.
Julius Baer reported lower profits for the first half of 2024 as a rise in client assets and activity was offset by higher interest expenses.
Stellantis posted a steep drop in first-half net profit as its cars sat at dealerships in North America, prompting the company to consider price cuts.
Roche raised its earnings guidance for the year after the Swiss drugs group posted better-than-expected results for the first half, with growth in its core businesses helped by new product launches.
The Swiss food producer said pricing was being pressured by increased promotional activity, among other things, and that it now expected to report organic sales growth of at least 3% this year, from around 4% previously.
Nestle said it now expects to report organic sales growth of at least 3% this year from around 4% previously, due to a more challenging pricing environment.
STMicroelectronics slashed its sales and margin forecasts for the year again as it continues to face lackluster demand for chips from the automotive industry.
The yen strengthened sharply to a nearly three-month high against the dollar on Thursday, backed by growing expectations for an imminent rate increase by the Bank of Japan.
Lonza confirmed its outlook for the year despite reporting a 3% drop in core earnings for the first six months and flat revenue.
The yen strengthened sharply to a nearly three-month high against the dollar on Thursday, backed by growing expectations for an imminent rate increase by the Bank of Japan.
The billionaire investor is aiming to raise billions of dollars for a publicly traded fund next week.
Mohammed Dahlan is a rare Palestinian leader who is independent of both Hamas and the Palestinian Authority that runs parts of the West Bank, making him someone that Israel could work with.
Harris, who was elected to the Senate in 2016, remains relatively new to Washington and is still building her political brain trust.
A stock-market selloff intensified, wiping out hundreds of billions of dollars in value from the Magnificent Seven group of tech giants and pushing the Nasdaq down 3.6%. The S&P 500 and Dow lost 2.3% and 1.2%, respectively.
The NBA said it has signed media-rights deals worth $77 billion with Disney’s ESPN, Amazon.com and Comcast’s NBCUniversal, turning away a last-minute bid from current rights holder Warner Bros. Discovery.
Rupert Murdoch is engaged in a legal fight with some of his children, as he tries to hand control of his media empire to his eldest son, Lachlan Murdoch.
