Gap announced it was planning to separate its Old Navy brand and shut down around 230 stores, as the struggling apparel business faces restructuring to energise sales, sending its shares up 25%.
Tesla is prospecting losses in its Q1, as it launched a $35K worth Model 3 sedan version for the first time, adding that global sale would become online-only.
Starboard Value, the activist hedge fund, joined Bristol-Myers Squibb's investor Wellington Management, opposing the drugmaker's $74B acquisition of the biotech firm Celgene.
The Japanese group Mitsubishi UFJ Financial agreed to acquire the German DZ Bank's aviation finance unit DVB in a deal valued at about $6.37B, DVB reported on Friday.
On Friday, Ola Electric Mobility stated it had attracted $56M in its first round of funding led by such investors as Matrix India and Tiger Global.
Faurecia, France's auto equipment supplier, is set to acquire 95.28% of Japan's Clarion shares, in a deal that should be finalised by March 7, seeking to employ about 9,2K people and generate over $2.27B sales by 2022.
Altice Europe has selected Morgan Stanley too explore options for its Israeli business, as the company's founder Patrick Drahi seeks to streamline the debt-laden group, raising cash for an opportunity to take part in the French 5G auction.
Thales received an approval from the US Justice Department for the Gemalto proposed takeover with a condition to divest the company's GP HSM business.
Petroleo Brasileiro is set to push ahead with its ambitious divestment programme, having a "bold" plan for the company's future sales, Brazil's state-run oil firm announced after reporting the first annual profit results in five years.
Naresh Goyal, the founder of Jet Airways, agreed to resign from his board's chairman post, as the cash-strapped India's airline is struggling to complete a rescue deal.
The US crude oil output edged lower in the month of December to 11.85M barrels per day, the first drop since May, the US EIA stated in a monthly report.
Dell Technologies reported a nearly 9% increase in quarterly revenue within the company's first earnings report after a return to public markets, supported by demand for servers and network devices.
The Italian payment firm Nexi is planning to launch an initial public offering worth $9.0B in the middle of April, seeking to finalise the EU largest share sale of the current year, while the market conditions allow.
On Thursday, the US-based Versum Materials has revealed its plan to fend off a hostile takeover by Germany's Merck, which made an unsolicited proposal worth $5.9B.
Lee Won-hee, the Hyundai Motor CEO, announced on Thursday the carmaker could trim its capacity at the Chinese factories due to tumbling sales in the country.
The ride-hailing giant Uber Technologies has entered advanced talks to acquire the Dubai-based competitor Careem Networks, in a potential cash-and-stock deal that could value Careem at around $3.0B, according to Bloomberg.
Novartis has faced shareholder criticism over the higher prices for its high-tech life-saving drugs at the annual general meeting held this Thursday.
On Thursday, Air Canada has raised its long-term goals for free cash flow and profit margins, as the Canadian largest carrier benefits from its cost-cutting efforts and expansion into more destinations.
The number of applications for US unemployment benefits climbed 8K to 225K in the week ended February 23, beating analysts' anticipations of a 221K surge from the previous upwardly revised 217K reading.
Lyft and Uber, the ride-hailing companies, are planning to offer their most-active and veteran drivers some cash bonuses with an option to convert them into shares from the stock market listings, the WSJ reported on Thursday.
On Thursday, J.C. Penney reported its Q4 results beat analysts' estimates, driven by strong sales of jewellery and apparel during the holiday shopping season in December.
ABB's CEO Ulrich Spiesshofer stated on Thursday his company would not make large acquisitions during the next year and a half, adding that money attracted from the $8.0B power grids business sale would go to shareholders.
On Thursday, Inmarsat shares surged as much as 9.8% on a report that the US satellite company EchoStar was set to resume its bud for the firm within the following next months.
The Chinese second-biggest e-commerce company, JD.com, posted a 22.4% jump in its Q4 revenue on Thursday, boosted by robust online retail sales, topping analysts' expectations and sending the firm's shares up 8%.