- 3M announced today that it is cutting 2,900 jobs worldwide and reducing investment in lower-growth markets as part of a restructuring that is expected to result in savings of up to $350 million.
- Several U.S. states are considering taking legal action against Facebook next week on charges of anti-competitive practices, Reuters reports.
- Orange will buy back the remaining share capital of Orange Belgium at EUR 22 per share.
- Nestlé strengthens its ecological transition plan by unveiling its detailed objectives.
- Amazon.com is considering the purchase of the Wondery podcast platform, according to the Wall Street Journal.
- Two federal agencies are putting pressure on Google to monitor some of its employee activists.
- The Boeing Company's B737MAX makes its first flight on an American Airlines aircraft with press and industry employees on board.
- TUI AG signs a third rescue plan worth €1.8 billion, with the support of private investors, banks and the German government.
- Gategroup finalizes the acquisition of Deutsche Lufthansa's European catering business.
- Merck sold its shares in Moderna.
- Leonardo Del Vecchio increases his stake in Mediobanca to approximately 11%.
- Macquarie Group to acquire Waddell & Reed for $1.7 billion.
- LafargeHolcim invests CHF 100 million in India in waste heat recovery.
- XPO Logistics will split into two companies.
- Pershing Square will replace Homeserve in the FTSE 100.
GLOBAL MARKETS LIVE: 3M, Amazon, Merck…
3M is cutting close to 3000 jobs and Amazon is considering a new acquisition. The large tax refund Orange received enabled the operator to buy out the minority shareholders of its Belgian subsidiary and to launch several projects.