Industrial-automation systems maker Emerson Electric Co is looking to merge two of its business units with smaller rival firm Aspen Technology Inc, the Wall Street Journal reported.
The deal, worth approximately $11 billion, would see Emerson own 55% of the newly-formed company, while Aspen shareholders would retain the remaining 45%....
DNA Sequencing firm Oxford Nanopore Technologies Ltd. launched its initial public offering (IPO) on the London Stock Exchange, with shares being sold at 425 pence each. The company managed to sell 350 million pounds worth of new stock, while its backers were able to generate 174 million pounds from...
As electric scooter rental company Bird Rides looks to go public, the company recently posted a narrower than expected second-quarter loss of $43 million. Revenue for the period skyrocketed up to pre-pandemic levels due to eased COVID restrictions in global markets.
The Los Angeles-based electric scooter provider is expected to...
Chinese technology conglomerate Tencent Holdings Ltd. reported a 29% rise in profits during the second quarter, resulting in a net profit for the three months through June totaling 42.6 billion yuan. This profit far exceeds the average Refinitiv estimate of 34.4 billion yuan.
Total revenue for the period surged by...
Volvo Car Group announced on Monday that they've entered into a joint venture with Swedish battery maker Northvolt for the development of sustainable batteries that will be installed in its electric vehicles. As a result of this deal, Northvolt will become Volvo's exclusive battery cell production partner in Europe.
This...
Nokia stock soared a whopping 16% in premarket trading, after posting surprisingly impressive performance numbers in Q1. The main reason behind this surge is thanks to 5G, but nevertheless, analysts did not expect things to go so swimmingly for them at this juncture.
Back in October, the Finnish telecom company...
When it comes to the giant corporations of today, the stakes get higher and higher. We're not talking millions, and we're not talking billions—we're talking trillions.
There are two companies that are expected to reach a value of $2 trillion sometime soon, and they're Microsoft and Amazon.
Last week, Microsoft's shares...
Automation software developer UiPath Inc. is planning to raise $1.1 billion in its U.S. initial public offering. As confirmed from a prospectus filed with U.S. Securities and Exchange Commission on Monday, the New York City-based company is offering 6.8 million shares while shareholders such as Accel and Alphabet Inc’s...
If Apple wasn't powerful enough as it is, this should give the tech giant an extra boost. Speculation about a self-driving Apple car isn't just getting consumers excited—it also has investors planning full-scale stock upgrades.
UBS analyst David Vogt is one who is particularly optimistic about the stock potential this...
Whitney Tilson invested in Netflix when it was only at $7.78 a share. Now that Netflix is the massive streaming giant it is today, everyone wants to know what this man's secret is. Thankfully, he's more than willing to give his pearls of wisdom.
But investing in Netflix wasn't his...