Liberty to Buy Sunrise Communications
Liberty Global has agreed to buy Sunrise Communications for $5.45 billion in cash, funded from existing resources.
ABN AMRO Launches Corporate Banking Overhaul
ABN AMRO plans to streamline its business and exit all non-European corporate banking activities, as the Dutch bank reported a EUR5 million net loss for the second quarter.
E.ON Cuts Forecasts Despite Profit Rise
Germany's E.ON posted a 32% jump in second-quarter adjusted earnings, boosted by its takeover of Innogy, but revised down its outlook for the year.
Moderna Inks $1.5 Billion Coronavirus Vaccine Deal With U.S.
Moderna Inc. said Tuesday it agreed to provide the U.S. government 100 million doses of its experimental coronavirus vaccine in exchange for more than $1.5 billion.
Authentic Brands-Simon Venture to Buy Brooks Brothers for $325 Million
A venture backed by apparel-licensing firm Authentic Brands Group and mall owner Simon Property Group has agreed to buy Brooks Brothers Inc. for $325 million.
Kodak Chief Says Company Supports Federal Decision to Halt Loan
CEO Jim Continenza said Kodak supports a federal agency's decision to halt a potential loan to the company, adding that the preliminary deal with the government requires more work.
Hertz Spent $13 Million on Bankruptcy Consulting in Year Before Filing
The rental-car company racked up more than $13 million in bankruptcy-related consulting bills in the year leading up to its chapter 11 filing in May.
Tesla to Enact 5-for-1 Stock Split
Tesla Inc. said it would enact a 5-for-1 stock split after a share-price surge over recent months vaulted the electric-vehicle maker to the status of most-valuable car company as Chief Executive Elon Musk navigated the pandemic.
TikTok Tracked User Data Using Tactic Banned by Google
TikTok skirted a privacy safeguard in Google's Android operating system to collect unique identifiers from millions of mobile devices, data that allows the app to track users online without allowing them to opt out, a Wall Street Journal analysis has found.
Cathay Pacific Airways Hit by Heavy Losses on Pandemic
Hong Kong's flagship carrier, Cathay Pacific Airways Ltd., swung to a heavy loss of US$1.27 billion in the first half of the year after Covid-19 restrictions hammered its business.
