Jack Ma's Ant Group Files IPO Listing Documents
The documents kicked off a process that could see the Chinese financial-technology company go public in Shanghai and Hong Kong in the coming months and revealed detailed financial and operational data for the first time.
Smith & Wesson Shuffles Finance Chiefs Amid Boom in Gun Sales
Smith & Wesson Brands' new finance chief faces the challenge of navigating the gun industry's booms and busts, as a recent surge in firearms demand calls for a ramp-up in production even as the company looks to stay lean.
TikTok Investors Press for a Sale to Oracle
General Atlantic and Sequoia Capital, two top investors in TikTok's Chinese parent company, are vying to be part of a deal for the U.S. operations of the video-sharing app as it seeks to avoid a ban by the Trump administration, according to people familiar with the talks.
Arm Ltd. Halts Spinoff of Two Internet of Things Businesses to SoftBank
Mobile phone chip designer Arm Ltd. has called off a planned spinoff of two businesses to parent company SoftBank Group as the Japanese investment firm evaluates options for the semiconductor company it bought four years ago for $32 billion.
Norway's Biggest Private Money Manager Exits From Exxon, Chevron Over Climate Change
Norway's largest private money manager, Storebrand Asset Management, excluded and divested itself of more than two dozen listed companies under its new climate change policy, citing concerns with lobbying, coal and oil sands.
Credit Suisse to Merge NAB Business in Streamlining Push
Credit Suisse said that it plans to merge the business of its subsidiary Neue Aargauer Bank with that of Credit Suisse, and establish a single brand in Canton Aargau, Switzerland.
Aveva Group to Acquire OSISoft for $5.0 Billion
Aveva said that it will acquire OSISoft for a total value of $5.0 billion, strengthening its position as an industrial software developer.
Zoom Restored After Outage Brings Down Virtual Meetings, Classrooms
Users of video-conferencing app Zoom reported problems with the service Monday morning. The company said on its website that it identified and resolved an issue that prevented users from starting and joining meetings.
Qantas Could Cut Another 2,500 Jobs
Australia's biggest airline, Qantas Airways is reviewing whether to outsource ground handling operations amid a steep decline in air travel due to the coronavirus pandemic, potentially leading to another 2,500 job cuts.
'Fortnite' Maker's Apple Fight Leaves Some Developers Wary
The battle between Apple and the creator of "Fortnite" is prompting Microsoft to step in, and could upend business at some makers of videogames, Hollywood productions and virtual-reality simulations.
