Reuters U.S. oil producer Pioneer Natural Resources agreed on Thursday to acquire privatelyheld rival DoublePoint Energy for about 6.4 billion, speeding up a consolidation of shale oil producers. Oilfield rollups have accelerated this year as energy prices recover following last years coronavirusdriven market crash. Companies with strong balance sheets have been snapping up debtladen and […]

SEOUL, April 2 Reuters South Koreas HYBE Co Ltd, formerly known as Big Hit Entertainment and the manager for Kpop supergroup BTS, is to acquire music executive Scooter Brauns Ithaca Holdings in a 1.05 billion deal. The merger brings together BTS, Justin Bieber, Ariana Grande and other artists under one roof for management, label services […]

HM reported a quarterly loss on Wednesday and said that it was dedicated to regaining the trust of shoppers in China following a recent backlash there after comments it made last year the on the Xinjiang region. The worlds secondbiggest fashion retailer has come under fire from consumers and officials in China after an HM […]

Mastercard is among five companies which broke the law for cartel behaviour when offering prepaid cards to vulnerable members of society, Britains Payment Systems Regulator said on Wednesday. Mastercard, allpay, APS, PFS and Sulion agreed not to compete or poach each others customers on cards used by local authorities for welfare payments including to the […]

Two advocacy groups on Wednesday called on the U.S. Federal Trade Commission FTC to investigate whether apps that Googles Play Store labels as Teacher approved are unlawfully collecting personal data without parental consent to target ads at children. The Campaign for a CommercialFree Childhood CCFC and the Center for Digital Democracy CDD, which have helped […]

Hitachi Ltd said on Wednesday it will buy U.S. software company GlobalLogic Inc for 9.6 billion, as the Japanese industrial conglomerate aims to expand from electronics hardware to digital services. The acquisition is part of Hitachis ongoing business portfolio overhaul, which includes the 7 billion acquisition of ABB Ltds power grid business last year and […]

When investors are stampeding for the exits, it pays to be first out the door. Thats what happened when falling shares in ViacomCBS last week ignited a 20 billion wave of forced selling at the Wall Street banks that cater to Archegos Capital Management, the family office founded by former Tiger Management analyst Bill Hwang. […]

German flying taxi startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp, a blankcheque acquisition company, in a deal valuing the combined company at 3.3 billion. Munichbased Lilium is in a race with other aviation startups to deploy batterypowered aircraft that can take […]

Deutsche Bank CEO Christian Sewing will hand over oversight of the investment bank to board member Fabrizio Campelli, the German bank said on Monday, as part of an overhaul of the management board. The move is likely to reassure regulators, who worried that Sewing had too much on his plate, potentially leaving the investment bank […]

RollsRoyce said it had started building its new greener UltraFan engine and aims to have the first demonstrator model completed by the end of the year, in what it hopes will be a boost to both it and the environment. The British company has been hit harder than most by the pandemic, with much of […]