Tag: Ownership Changes
Adam Neumann is trying to bid for WeWork, reports say
Adam Neumann is trying to buy back the company he co-founded and loaded with debt. According to a letter obtained by Bloomberg News and the [Read more about this post…]
Novartis to bolster its oncology portfolio with acquisition of MorphoSys
Novartis AG on Monday announced it has agreed to buy German biopharmaceutical company MorphoSys AG for 2.7 billion euros ($2.9 billion). Under the deal, Switzerland-based [Read more about this post…]
Super Micro board member buys over $1 million in stock after 600% yearly surge
Super Micro Computer Inc. shares have surged more than 600% over the past year, but one board member just sent a signal of confidence by [Read more about this post…]
Paytm troubles send One 97’s stock plunging, prompting analyst’s ‘sell’ call
Shares of One 97 Communications Ltd. continued to plunge after a bank used by the company’s popular Paytm mobile payments service was effectively shutdown by [Read more about this post…]
Shares of China’s Landsea Green rise on plan to buy Texas homebuilder for $185 million
Shares of Chinese developer Landsea Green Management 106, +40.68% rose after the company said its Nasdaq-listed unit will buy a Texas homebuilder for $185 million. [Read more about this post…]
Opinion: ‘The cautionary signals are off the charts.’ Ominous warnings point to a market correction – particularly in tech
Investors and traders take warning. The market looks vulnerable to a pullback. That’s the message from corporate insiders’ trading activity. So far this year they’re [Read more about this post…]
Can UPS snap its streaks of revenue misses and post-earnings stock selloffs?
Shares of United Parcel Service Inc. slumped Monday as investors prepared for the package-delivery giant’s quarterly results, which have not been so kind to investors [Read more about this post…]
Chinese developer Evergrande to be liquidated after debt talks fail: reports
Troubled Chinese property developer Evergrande faces liquidation after failing to reach a restructuring deal with its creditors, according to multiple reports Sunday night. The Wall [Read more about this post…]
Expect more deals in the food sector as companies grapple with low-volume world
Investors can expect to see more deal activity in the U.S. food sector in 2024, as companies are still seeking to improve the growth profile [Read more about this post…]
Wayfair’s job cuts reportedly hit remote workers harder
In the ongoing fight between managers and employees over remote work, online furniture and home-goods retailer Wayfair Inc., in its latest round of job cuts, [Read more about this post…]
