Category: Business
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News Corp Shareholders Reject Activist Bid to End Dual-Class Share Structure
Shareholders voted down Starboard Value’s proposal, which was aimed at damping the Murdoch family’s influence over the media conglomerate.
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Archegos Founder Bill Hwang Sentenced to 18 Years in Prison
His firm’s collapse wiped $100 billion in market value, prosecutors said.
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Nvidia’s Sales Soar as AI Spending Boom Barrels Ahead
The AI chip giant gave a strong outlook, pointing to healthy demand for next-generation chips.
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Financial Services Roundup: Market Talk
Find insight on UOB, Manulife Financial and more in the latest Market Talks covering financial services.
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Kuaishou Posts Profit, Revenue Growth, Meeting Estimates
The Chinese short-video app operator reported in-line results on advertising strength, even as it continued to face challenges in its e-commerce business.
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Britvic Profit Rises on Strong Demand, Brazil Performance
The U.K. soft-drinks company said the preliminary results were due to strong demand for Pepsi and Tango, as well as improved trading in Brazil.
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NIO’s Net Loss Widens on Lower Revenue Amid EV Pricing Pressure
The Chinese automaker’s net loss widened in the third quarter as revenue fell, dragged by lower selling prices.
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Pfizer Names New R&D Chief
Company veteran Chris Boshoff, who has led Pfizer’s cancer research and marketing for more than a year, will become chief scientific officer starting Jan. 1.
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British Land Expects Retail Park Boost as Shops Seek Cheaper Space
British Land expects more shops to move to retail parks to offset anticipated higher costs following the U.K. government’s budget last month.
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Energy & Utilities Roundup: Market Talk
Find insight on Santos, TC Energy and more in the latest Market Talks covering energy and utilities.