Category: Business
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Anglo American Agrees Coal Assets Sale to Peabody
Anglo American signed a deal to sell its remaining steelmaking coal assets to U.S. miner Peabody Energy for up to $3.8 billion, the first major step in its large-scale business reshaping.
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Kingfisher Narrows Profit Forecast After Sales Miss
Kingfisher said recent political and macroeconomic events are adding further uncertainty to its outlook after it posted worse-than-expected quarterly sales and narrowed down its profit guidance.
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Adani Group Says Its Companies Have Enough Cash to Meet Debt Payments
Adani Group said its companies have enough cash to meet debt obligations, days after a U.S. indictment against founder Gautam Adani sparked a multibillion-dollar selloff in the Indian conglomerate’s stocks.
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Novonix Eyes Second Graphite Plant After Deals With Battery Makers
The Australian company is betting American-made graphite will be in demand as battery makers seek to reduce their reliance on China for materials essential to the energy transition
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Are Value Meals Worth It for Restaurants?
Chains attract bargain seekers, but, as one customer says, “I get the deal that I want, and that’s usually all.”
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Atos Jumps on French State Bid for Advanced Computing Business
Atos has received a non-binding offer from the French government to acquire its advanced computing activities for an enterprise value of around $521 million.
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Financial Services Roundup: Market Talk
Find insight on UniCredit, Singapore banks and more in the latest Market Talks covering Financial Services.
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Basic Materials Roundup: Market Talk
Find insight on Anglo American, lithium prices and more in the latest Market Talks covering Basic Materials.
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Macy’s Says Accounting Employee Hid Up to $154 Million in Delivery Expenses
The retailer delayed its quarterly results after it said an employee hid up to $154 million in delivery expenses over several years, prompting an investigation.
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California Wants to Offer Electric Vehicle Rebates if Trump Eliminates $7,500 Federal Tax Credit
Gov. Gavin Newsom said greenhouse-gas credits would fund EV rebates.