Nov 19 Reuters AeroVironment will buy space and defense engineering company BlueHalo in an allstock deal valued at about 4.1 billion, the companies said on Tuesday, as the drone maker seeks to broaden its portfolio amid rising geopolitical tensions. The company39;s shares, up 56 this year, fell 3.6 in premarket trade. AeroVironment, which makes the Switchblade […]

Deal marks Blackstone39;s latest investment in food franchises Jersey Mike39;s CEO to continue leading business Deal valued at around 8 bln, including debt source PE firm Roark last year struck over 9.5 bln deal for Subway Nov 19 Reuters Blackstone has agreed to buy Jersey Mike39;s Subs, the sandwich chain said on Tuesday, in a deal […]

Nestle to achieve cost savings of at least 2.83 bln by 2027 Company to increase investment in advertising and marketing to 9 of total sales by 2025 Nestle forecasts mediumterm organic sales growth of more than 4 VEVEY, Switzerland, Nov 19 Reuters Nestle will boost advertising and marketing, trim costs by at least 2.8 billion by […]

Nov 19 Reuters Indian skincare firm Mamaearth39;s parent Honasa Consumer wiped off nearly 35 billion rupees 414.7 million in market valuation in two sessions, after a secondquarter loss fanned demand concerns for the beauty products retailer. The stock touched a record low of 242.35 rupees on Tuesday, and has fallen by about 30 over the last […]

202324 net loss at 1.5 bln eur EPCG can step back from steel deal if 5050 JV fails Free cash flow before MA positive at 110 mln eur ESSEN, Germany, Nov 19 Reuters Thyssenkrupp on Tuesday said it took a fresh 1 billion euro 1.06 billion impairment on its struggling steel division, citing the sector39;s deteriorating […]

Sees sustainable ROTE of above 15 in 20252027 ROTE would be above 16 by end 2027 Raises threshold to remunerate shareholders to above 12.5 Sees net interest income at end 2027 similar to 2024 levels To invest 5 bln euros in IT over horizon MADRID, Nov 19 Reuters Spain39;s Caixabank set out a threeyear plan on […]

Nov 18 Reuters Brazilian development bank BNDES said on Monday that it has signed a deal with the Asian Infrastructure Investment Bank AIIB for the investment of 16.7 billion reais 2.89 billion in Latin America39;s largest economy. The deal, which was signed on the sidelines of the G20 summit in Rio de Janeiro, is aimed […]

Nov 18 Reuters Walmart shares are set for their best yearly gains in over two decades as the retail behemoth39;s low prices for everyday essentials give it an edge over competitors facing weak demand from budgetconscious consumers. The stock has gained about 60 so far this year, outstripping gains of about 13 in the SP 500 […]

Tata strengthens iPhone making operations with Pegatron deal Tata seals 6040 JV with Pegatron for iPhone plant, sources say Apple sees India as a key market, diversifying beyond China NEW DELHI, Reuters India39;s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron39;s only iPhone plant in India, forming a new joint […]

Reuters Nvidia39;s new Blackwell AI chips, which have already faced delays, have encountered problems with accompanying servers that overheat, causing some customers to worry they will not have enough time to get new data centers up and running, the Information reported on Sunday. The Blackwell graphics processing units overheat when connected together in server racks designed to […]