Mergers, acquisitions, IPOs, earnings and corporate strategy: the deals and decisions reshaping companies worldwide.
Apollo and KKR have put a nearly $10 billion valuation on Atlantic Aviation, turning a private-market stake sale into a striking benchmark for the infrastructure behind business aviation. Apollo-managed funds acquired what the firms described Thursday as a significant interest in Atlantic, while KKR-managed funds remain a
NetEase delivered a second-quarter revenue beat that confirms the durability of its gaming franchises, but a sharp drop in profit shows why investors cannot judge the Chinese internet group on player spending alone. The company reported net revenue of RMB30.1 billion, or about $4.4 billion, up 7.
Banco Santander has completed its acquisition of Webster Financial, converting a six-month regulatory process into a much larger U.S. banking franchise. The Spanish group closed the cash-and-stock transaction Thursday after receiving approval from the Office of the Comptroller of the Currency on June 12, the European
The American consumer has delivered a clear warning that the economy’s recent momentum may be losing quality, even if it has not disappeared. U.S. retail and food-services sales fell 0.6% in July from June to a seasonally adjusted $763.6 billion, the Commerce Department reported Friday.
On Holding’s second-quarter results delivered a sharp reminder that fast growth is not always enough when a stock is priced for even faster growth. The Swiss sportswear company reported net sales of 850.3 million Swiss francs, up 13.5% from a year earlier and 21.6% in
Paramount Skydance has removed another regulatory obstacle from its planned acquisition of Warner Bros. Discovery, but the approval does less to settle the deal than the headline might suggest. Britain’s Competition and Markets Authority cleared the transaction on Thursday after a Phase 1 review, finding no basis for a
Uber’s second-quarter results showed a business with more financial strength than its share-price reaction suggested. Gross bookings reached $58.0 billion, up 24% from a year earlier and 22% on a constant-currency basis, while net income rose to $2.39 billion, or $1.17 a share,
McDonald’s second-quarter results delivered a useful warning about the American consumer: even a company built around convenience and value cannot rely on price and product mix indefinitely when customer traffic is weakening. The fast-food group reported higher profit and revenue, but its U.S. comparable-sales growth
Boeing has finally secured U.S. certification for the 737 MAX 7, removing one of the most persistent regulatory obstacles hanging over its commercial-aircraft recovery. The Federal Aviation Administration approved the smallest member of the MAX family for commercial service on Monday after years of testing, design changes and
Mercedes-Benz has given investors a mixed but useful read on the state of global luxury autos: the group can still defend earnings with vans, finance and cost reductions, but its core car business is being squeezed in the market that once gave German premium brands their strongest growth story.
American Express gave investors a clean read on one of the more important questions in consumer finance: affluent cardholders are still spending, but the cost of keeping them loyal is rising. The company reported second-quarter results on Friday that showed stronger earnings, faster card-member spending and better revenue
Nestle’s half-year results gave investors a useful reminder that even the world’s largest packaged-food company cannot restructure itself without visible strain. The Swiss group reported improving organic sales momentum and stronger cash generation, but the market focused on the cost of getting there: lower reported sales,
