S.Korea’s Naver buys US Poshmark in $1.2 billion deal, invites skepticism

Local tech giant Naver’s largest M&A deal ever US Millennials and Gen Zers dominant active users of Poshmark Naver shares plunge more than 7%; Poshmark surges Platforms’ outlooks down since COVID-19 turned endemic-analyst SEOUL, Oct 4 (Reuters) – South Korean e-commerce company Naver Corp (035420.KS) announced a $1.2 billion purchase of US fashion resale platform … Read more

Shares in French TV company M6 soar on takeover offers

A view shows French television group M6 headquarters in Neuilly-sur-Seine, near Paris, France, May 21, 2021. REUTERS/Sarah Meyssonnier Register now for FREE unlimited access to Reuters.com Register PARIS, Sept 26 (Reuters) – Shares in M6 (MMTP.PA), the French television unit German media giant Bertelsmann has put up for sale, rallied on Monday after reports that … Read more

IHC’s $2.15 bln Nutresa bid boosts shares in Colombian conglomerate GEA’s companies

The logo of Nutresa is seen in Medellin, Colombia June 26, 2019. Picture taken June 26, 2019. REUTERS/Luis Jaime Acosta/File Photo Register now for FREE unlimited access to Reuters.com Register BOGOTA, Sept 21 (Reuters) – Shares in companies that are part of Colombia’s largest conglomerate GEA rose on Wednesday after Abu Dhabi-based investor International Holding … Read more

Norway’s wealth fund tells companies to set zero-emission goals

A general view of the Norwegian central bank, where Norway’s sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche/File Photo Register now for FREE unlimited access to Reuters.com Register OSLO, Sept 20 (Reuters) – Norway’s $1.2 trillion wealth fund, the world’s largest, said on Tuesday it would decarbonise its holdings by … Read more

Brazil’s Natura denies plan to spin-off, sell companies

The logo of Natura is pictured at the company headquarters in Sao Paulo, Brazil December 19, 2019. REUTERS/Amanda Perobelli/File Photo Register now for FREE unlimited access to Reuters.com Register SAO PAULO, Sept 15 (Reuters) – Brazil’s Natura & Co Holding SA (NTCO3.SA) said on Thursday its board is not considering a spinoff of its Aesop … Read more

Bond issuance spree as US companies rush before more rate hikes

Register now for FREE unlimited access to Reuters.com Register Sept 8 (Reuters) – Companies with the highest credit ratings in the world are engaged in a now-or-never US dollar bond issuance spree to get ahead of a continued spike in borrowing costs and as liquidity in the market is expected to dwindle in the next … Read more

PKN Orlen invests in high-tech wind turbine and infrastructure inspection companies

Register now for FREE unlimited access to Reuters.com Register GDANSK, Sept 8 (Reuters) – Poland’s biggest oil refiner PKN Orlen (PKN.WA) has invested in two companies that make systems that improve wind turbine efficiency and carry out automated infrastructure inspections. The investments are in Eologix Sensor Technology and Invert Robotics Group and were made through … Read more

Jack Dorsey says his biggest regret is Twitter became a company

Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. REUTERS/Anushree Fadnavis//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 25 (Reuters) – Twitter (TWTR.N) founder and former chief executive Jack Dorsey tweeted Thursday that he regrets the … Read more

Kellogg taps company veteran to head cereal business spinoff

Kellogg’s Corn Flakes, owned by the Kellogg Company, is seen for sale at a store in Queens, New York City, US, February 7, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 24 (Reuters) – Kellogg Co (KN) on Wednesday named Gary Pilnick, a 22-year veteran of the company and … Read more

Companies facing activist investors favor Goldman in first half – Refinitiv

The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 13, 2021. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register BOSTON, Aug 23 (Reuters) – Goldman Sachs ranked as the top financial adviser to companies targeted by activist investors in … Read more